David Bexon, chief executive of SmartNewHomes.com, said: “With the MPC acknowledging the change in economic circumstances, we can hope that a decrease in the Base Rate is on the horizon.”
CML backs expansion of government equity scheme
In its response to the government’s consultation on extending the Homebuy equity loan scheme, the Council of Mortgage Lenders (CML) has said it supports the view that there is a good case for expanding affordable homeownership. However, the CML has urged the government to keep the scheme simple and to be explicit about the aims of low-cost homeownership.
Yorkshire Bank launches three-year FTB deal
Yorkshire Bank has launched a three-year fixed rate mortgage for first-time buyers available virtually fees-free with rates starting from 4.59 per cent.
Key features of the product include no arrangement fees, no booking fees, free standard valuation and no extended tie-ins. The only charge is a £24 electronic transfer fee when the mortgage completes. The product is also available from Clydesdale Bank.
