Venmo, the increasingly popular mobile payment app, has just announced a new check-cashing service. Offered to select US users on Monday, the Cash a Check option can be used to cash printed, payroll and U.S. government checks without visiting a bank, including the latest stimulus checks. There is a fee attached to the service, though … Read more
Aspiring homeowners with low deposits had a torrid year in 2020, as deals vanished from the market and rates shot up. However, experts have now said there are reasons for optimism in 2021 as lenders return to the market. According to figures released by comparison site Moneyfacts, there are now around 160 deals available for … Read more
Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. Ms A.H. writes: My partner and I booked a wedding reception for 60 guests at Pembroke Lodge in … Read more
Age of the 20% deposit dawns: Misery for first-time buyers as mortgage firms demand a FIFTH of price of new home – while existing owners enjoy boom in sales thanks stamp duty freeze More than 300 mortgage deals for borrowers with 15 per cent deposit are axed Not one high street bank offered mortgages for … Read more
First-time buyers forced to scramble for mortgages as one bank launches a 90% deal this morning but says it will pull it at 5pm TODAY TSB announced yesterday it will offer a limited mortgage to buyers with a 10 per cent deposit – but only for one day Buyers looking for a house worth up … Read more
End of the Bank of Mum and Dad? Nationwide tell first time-buyers to prove they SAVED 75% of deposit themselves Nationwide will crack down on first-time buyers relying heavily on their parents Buyers need to prove at least 75 per cent of mortgage money is from own saving Survey by Savills revealed 40 per cent … Read more
Is the mortgage crunch really over? Experts warn deals for borrowers with small deposits are likely to remain limited for some time Number of deals for 10 per cent deposit borrowers continued to fall this month This is despite lenders like Nationwide and Coventry BS reintroducing products Experts predict deal numbers will continue to ‘ebb … Read more
Boost for first-time buyers as lenders bring back mortgages for borrowers with a 10% deposit By Miles Dilworth For The Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:05 BST, 21 July 2020 Lenders are bringing back mortgages for borrowers with a 10 per cent deposit in a boost for first-time buyers. Nationwide … Read more
Data shows banks squeezing out borrowers who can stump up only a 15% deposit for a home By Helen Cahill, Financial Mail On Sunday Published: 21:53 BST, 27 June 2020 | Updated: 21:53 BST, 27 June 2020 Banks are squeezing out borrowers who can stump up only a 15 per cent deposit for a home, … Read more
I bought an off-plan flat in Battersea two years ago but so far have only paid a deposit. As property prices are expected to fall as a result of the coronavirus I do not want to complete the transaction and buy the property. But if I back out now can I still get my 10 … Read more