Mortgage payments as percentage of income

Family Mortgages & Gifted Deposits

Family Mortgages & Gifted Deposits House prices in the UK have risen sharply over the last 20 years, no great surprise there. Wages have grown less sharply. In the same 20 year period mortgage payments have risen from 20% of take-home pay to 35% of take-home pay. In London, this reaches 64%. These two graphs
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Closed Sign

Magellan Homeloans Closing – What It Means For Buy to Let

Magellan Homeloans The announcement by Magellan Homeloans that they are closed to new business generates some interesting questions about the future of buy to let lending, it also begs the questions of what comes next and whether this is the start of a new trend. Matt Gilmour, CEO of Magellan Homeloans said; “The competitive landscape
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Open Banking Explained

What is Open Banking?

What is Open Banking? In 2016 The Competition & Markets Authority undertook a review into the UK banking sector and looked at the barriers facing new entrants. For a long time, the major traditional players were able to put up high barriers to new entrants and it was felt this stifled innovation and choice for
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listed property mortgage hove east sussex

Listed Property – Tips on mortgaging

Lending For Listed Property It may be a surprise to realise that many buyers don’t realise the property they are looking at acquiring is listed. For those that own property outright who then look to remortgage often only find out about it being listed someway down the line, usually after costs have been incurred. This
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Days Beyond Terms Invoice Value

Why Cash and Cash Flow are Changing, Quickly

Why are cash and cashflow changing? The oldest phrase in business is that cash is king. That has never changed. What has changed is that for the average business cash flow is quickly becoming life and death, no delays, no hesitation. The impact is quicker and deeper than it has ever been. This statement is
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