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The UK is facing the twin threats of soaring inflation and higher taxes, which may make it harder for some potential mortgage borrowers to get their application accepted. This affordability squeeze has been brewing for months with rising inflation and the planned end to Covid-19 support schemes looming. However, it
Families who have already endured Covid-caused uncertainty over last 18 months now face a triple-blow of rising energy bills, soar food prices and tax hikes.
Millions face a squeeze thanks to inflation driven by labour shortages, rising energy costs, a lack of HGV drivers and gaps in supply chains - but the PM dismissed cost of living fears.
Mortgage rates have continued their downward slide, with multiple deals now available with less than 0.90 per cent interest - but borrowers should watch out for hefty fees.
Last modified on Mon 28 Jun 2021 11.23 EDT With days to go until the phased ending of the stamp duty holiday, thousands of homebuyers will be desperately hoping they can complete their purchase before Wednesday night, because if they don’t they face having to find as much as £12,500. A significant proportion of home purchases – some agreed as far back as the spring – are thought to be hanging by a thread as conveyancing solicitors struggle to complete purchases before the 30 June deadline. It is feared that buyers who have already borrowed up to their maximum limit, but who miss the de...