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FCA revises down mortgage concerns

An extra 356,000 UK mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000...

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Landlords not covered by new mortgage guidance

The Financial Conduct Authority (FCA) has updating borrowers’ responsibilities to their existing mortgage holders, will only cover ‘regulated’ products.  You can see the full details here. This means that buy-to-let mortgages, which are deemed to be ‘unregulated...

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Report on LHA issued

The House of Commons Library has issued a report on the Local Housing Allowance (LHA). It can be seen here, and says: What is Local Housing Allowance (LHA) LHA is not a benefit in its own right. It sets maximum amounts claimants of Universal Credit and Housing Benefit...

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HALIFAX HOUSE PRICE INDEX

UK Halifax house prices grew by 1.1% in February month-on-month, outpacing expectations for a drop of 0.3% and accelerating from January and December at 0.2% and -1.3% respectively. Year-on-year, house prices grew by 2.1%, also ahead of forecasts and unchanged for the...

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