Mortgage-loan-UK bring you the most topical and current relevant news within the industry. From mortgage and loan news and current regulations, to reporting on the fluctuations within the property market and rates. Syndicate our news.
Contents:
Banks fueling consumer fear of harder times ahead
Struggling consumers and home-buyers face being squeezed further in the build-up to Christmas after banks said that they would make loans even harder to secure. Lenders have already cut the flow of funds to customers through credit card
Buy-to-let firm GuestInvest goes into administration
Buy-to-let hotel company, and Blakes hotel owner, GuestInvest has been placed into administration. The company, founded in 2003 by entrepreneur Johnny Sandelson, allowed private individuals to buy a luxury hotel room and stay there for
Equity release falls
There was a noticeable decline in equity release in the second quarter as high street banks reduced and restricted lending to home owners, forcing them to look elsewhere for their borrowing.
Taxman getting tough on Buy-to-let owners
Buy-to-let owners are being warned that HM Revenue and Customs is stepping up its efforts to recoup lost revenue from tax avoidance in rental income. Meaning investment property owners must keep accurate records or face inspection
