Bank of Mum and Dad lending continues

According to a report from Legal & General and CEBR (Centre for Economics and Business Research) the so called “Bank of Mum and Dad” will lend a total of 6.3 billion in unsecured loans this year, making it the equivalent to the 11th largest mortgage lender in the UK.  Parents and family members will help […]


Maximum mortgage age relaxed

As a result of the financial crisis, we are all aware that lenders introduced many more strict rules and criteria to reduce their exposure to risk. Be it an unsecured loan, credit card or mortgage, or if you were a younger or older borrower if affected us all. However it now looks as though at […]


The return of the no deposit 100% mortgage, or is it?

Britain’s biggest lender, Lloyds is to offer a no deposit 100% mortgage to first time buyers in a move that sees lending at pre credit crunch levels. Potential purchasers need no deposit if family can back the loan by moving 10% of price into bank’s saver account. The new Lloyds “Lend a hand” scheme means […]




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