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Mortgage News NI

£165 Million Secured for Co-Ownership ?

co-ownership secures £165 million

Good news for those trying to make their way onto the property ladder in Northern Ireland but are struggling to save up an adequate deposit. The NI housing scheme has secured £165 million which will be used to provide help to those who need it. It’s estimated that the investment will provide financial support to more than 4,000 people and help ...

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Mortgage Lending at it’s Highest since 2007 Crash !

Mortgage Lending on the rise

Data published by the council of mortgage lenders stated that mortgage lending is currently 24/02/2016 at it’s highest since the financial crash of 2007 and they are expecting this upward trend to continue. The data suggests that more than 3,700 mortgages worth a total exceeding £380 million were secured during the final quarter of 2015 which is equivalent to a 3% ...

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Are Interest Rates set to Rise Late 2017

Rising Mortgage Rates

The Bank of England has a duty to try and maintain the rate of inflation to no more than 2% and its govener Mark Carney must now write a letter explaining why they have failed to do so. Raising interest rates is one tactic used by the Bank of England to combat rising inflation and it is now expected that the ...

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