Search results

Crikey - let's hope the house prices don't fall... or there will be a lot of people taking a severe haircut!

Are you talking about interest only mortgages? I thought they were going out of fashion? If it repayment... then the capital is the major chunk of the monthly payment. e.g. £200,000 at 3% over 20 years is £1109 a month, and at 6% is £1433 That isn't 'double or triple' it is about 30%.

The chancellor announces a cut to the Stamp Duty tax in England and Northern Ireland. The cut raises the threshold of how much a property has to cost before stamp duty is paid to £250,000. First time buyers currently pay no stamp duty on the first £300,000, that will be raised to £425,000...

2.25% Bank committee split 5-4 on rate hike The Bank of England's monetary policy committee voted by five to four to hike the rate by half a percentage point. Analysts had predicted the rate could have risen as much as three quarters of a percentage point. It takes the interest rate to 2.25%...