The banks’ decision comes as Melbourne descends into lockdown for another six weeks, a situation that could cost the Australian economy $1 billion a week Australia’s major banks have announced an extension of the home loan holiday program, allowing distressed ...

Nevertheless, the overall market is still far below the levels seen in January, when 2,583 products available, and March (2,897) After dropping to only 1,455 in May, over the last two months 283 more products have been added to lenders’ ...

The proportion of all deals that were purely interest-only in June was just 3%, but this was still a small rise from 2% in March As many borrowers will have experienced a change in circumstances due to COVID-19, interest-only mortgages ...

While proposals to temporarily suspend the tax on homes up to £500,000 are broadly welcomed, there are concerns the support may not be implemented soon enough to benefit the market Speculation the government is to introduce a stamp duty holiday ...

Data showed that despite the decline in high LTV mortgages, there was still a ‘healthy’ range of deals for borrowers wishing to take advantage of interest-only repayments options With more borrowers expected to be eyeing up interest-only options, Moneyfacts.co.uk has ...

The latest data from Twenty7Tec shows a significant rebound in mortgage activity Following the expected fall in mortgage market activity during lockdown the latest data from Twenty7Tec shows a significant rebound. In their June edition of Supply & Demand in ...

The drop in the number of European standardised information sheets generated by brokers follows eight consecutive weeks of growth The number of product illustrations downloaded by brokers has fallen by 4.7 per cent over the past week, according to data ...

Mortgage network TenetLime has written to its brokers that unless they use the inhouse CRM for the whole advice process they will not be covered by their professional indemnity insurance Mortgage network TenetLime has written to its brokers to warn ...

The number of mortgages agreed with homeowners has plummeted by 90 per cent compared with this time last year, Bank of England figures revealed this week The number of mortgages agreed with homeowners has plummeted by 90 per cent compared ...

Property-related searches and home seller leads have also continued to climb Research from estate agent comparison site GetAgent.co.uk shows that, 100 days since entering lockdown, the number of listings added per week has continued to exceed pre-pandemic levels, as has ...