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Viewing entries posted in May 2015

Number of borrwers using mortgage brokers continues to rise

Posted by MMB Finance Swindon and Gloucester on 29 May 2015

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More than two-fifths (44%) of remortgagors consulted an independent adviser or broker in April, up from 39% in March and 36% in February.

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Post FCA mortgage review what effect has it had

Posted by MMB Finance Swindon and Gloucester on 28 May 2015

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Almost half (45%) of those who planned to buy a property since the introduction of MMR have failed to do so. A quarter of the 1,500 surveyed claim that the MMR has impacted their ability to buy a property, while a further third (37%) report that the changes have made them feel less in control of securing a mortgage, according to research by Experian.

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Government to announce "landmark" Right to Buy extension

Posted by MMB Finance Swindon and Gloucester on 26 May 2015

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Discounts available under the Right to Buy were increased in 2012, and currently stand at a maximum £77,900 outside London and £103,900 in the capital.

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BoE discusses Bank Rate rise to 0.75%

Posted by MMB Finance Swindon and Gloucester on 20 May 2015

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In the minutes of the latest Monetary Policy Committee meeting, the committee said that "based on information from OIS rates, an increase in Bank Rate to 0.75% was  now fully priced in by May 2016, around one quarter earlier than at the time of the April MPC meeting". Inflation was judged likely to remain close to zero in the very near term, reflecting past falls in energy, food and other import prices and some continued drag from domestic slack.

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UK in deflation for first time since 1960

Posted by MMB Finance Swindon and Gloucester on 19 May 2015


The Consumer Prices Index fell by 0.1% in the year to April 2015, compared to no change (0.0%) in the year to March 2015. This is the first time the CPI has fallen over the year since official records began in 1996 and the first time since 1960 based on comparable historic estimates.

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