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Mortgages are at their lowest levels since the 1987 when UK interest rates were running as high as 10%.
The Financial Services Authority has backed down on plans to introduced tough measures for future mortgage applicants.
Mortgages have been under review and it was believed my many that in the future interest only mortgages would be banned
and it would be very difficult for anyone over the age of 40 to obtain a mortgage. The FSA has now said that they understand
that there cannot be one size fits all measures for mortgages and mortgages should be reviewed under an individual basis.
They also recognise that interest only mortgages do have a place in the market and that 25 year mortgage loans are not
suitable for everyone.
Rent GuaranteeEndsleigh’s can protect a clients rental income
with their special legal expenses and rent guarantee insurance. An Endsleigh policy will help you the Landlord, evict
non paying tenants while the cover also protects your rental income. This versatile policy will allow you to choose
the most appropriate cover, whether this be a 6 or 12 month policy. If you have a buy to let property then insurance against
tenanats not paying their rent which could result in you defaulting on your mortgage is an important one.
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