Caboodle Financial Services

Buy-to-let mortgages and mortgages which include a parental guarantor in the UK will avoid new EU rules following a series of key carve outs by officials in the final negotiations for the European Mortgage Directive (EMD).

Non-banks have expressed their extreme disappointment and furthermore their concern at the Bank of England’s decision to continue to exclude them from being active participants of and feeling the benefit in the Funding for Lending Scheme.

Buy-to-let mortgages and mortgages which include a parental guarantor in the UK will avoid new EU rules following a series of key carve outs by officials in the final negotiations for the European Mortgage Directive (EMD).

Gross mortgage lending rose to an estimated £11.6 billion in March according to the Council of Mortgage Lenders.

The release of the first quarter lending figures for the UK Secured Loans market showed that it not only improved on the same quarter last year but March 2013 recorded the highest lending figure of any month for nearly 4 years at £36million.

Property has overtaken State assistance, private pensions and savings to become the most likely means of people funding long-term residential care in the UK.

Many people who are considering making the step to own buy to let property need assistance with the various aspects of being or becoming a landlord, not least in arranging the mortgage finance required to purchase the property.

A reduction in the amount of funding assigned for personal and secured lending via banks and high street lenders has pushed more consumers into the ‘second tier’ market. A large proportion of the second tier market is provided by secured loans.

The number of first time buyers increased by 3% in February 2013, marking the best start to a year since 2008, according to the Council of Mortgage Lenders(CML).

It has been reported recently in a consultation paper issued by the Financial Services Authority (FSA) that around 1.5million interest only mortgages worth approximately £120bn will become due for repayment in the next 10 years.