No respite in the budget for the FTB SDLT rush
Conveyancers all over the country are telling me that with the end of the first time buyer stamp duty concession and developers under year end pressure mean that their pipeline of cases are bursting at the seams. Pressure on conveyancers to ensure all those first time buyers rushing to beat the deadline is significant and […]
What impact the move away from interest only?
In the past most borrowers had some form of fixed term mortgage where the rate was fixed often for 2 or 3 years. As interest rates fell in late 2009 the incentive to move to a new fixed rate deal diminished because standard variable rates were often very low. The remortgage market dropped from over […]