Remortgaging levels set to rise as lenders change SVRs
Remortgaging activity could be set to rise, with increasing standard variable rates (SVRs), cheaper rates and fears of increases all putting pressure on borrowers to consider changing their homeloan.
Santander looking for more UK banks
Santander has revealed that it will study further takeover opportunities in the UK, after increasing its gross lending share of the mortgage market from 13.9% in 2008 to 18.6% in 2009.
Halifax data shows seven-month rise
Halifax’s latest house price index has revealed that property values rose by 0.6% in January, taking the average price to 9.9% above the bottom of the market in April 2009.
Overseas banks cautious of UK entry
Legal & General (L&G) has revealed that it has struggled to tempt overseas lenders to enter the UK due to the risks in the UK market.
Tory plans on Stamp Duty welcome
Brokers have welcomed Conservative party pledges to raise the Stamp Duty tax threshold to £250,000 and the Inheritance Tax threshold to £1m, if the party is successful in the general election.
