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Which4U News

Inflation up to 2.7% as savers struggle
A huge increase in airfares caused the consumer price index measure of inflation (CPI) to return to 2.7% in May, from 2.4% in April. The Office of National Statistics (ONS) said that a record 22% increase in the price of air tickets had pushed inflation back towards the 3% barrier, where it has lingered for most of the year. The retail price index (RPI) […]
Conditions improve for self-employed landlords
Conditions have improved for prospective landlords, especially those who are self-employed, after a major lender in the buy-to-let market decided to alter its lending criteria. BM Solutions, the buy-to-let mortgage brand of Lloyds Banking Group, announced that it has scrapped its minimum annual income requirement of £25,000 for all applications, making it […]
Number of young homeowners will continue to fall
The number of new young homeowners will continue to fall over the coming years, according to new research, despite numerous initiatives designed to boost mortgage activity. Only a third of occupiers aged between 25 and 34 are likely to own their homes by the end of the decade, according to the Intermediary Mortgage Lenders Association (IMLA) – just half th […]