EUR/USD jumps above 1.0400 in Thursday’s North American session as US Dollar’s (USD) bulls take a breather after a sharp run-up on Wednesday. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, clings to gains near a fresh two-year high above 108.00. The Greenback attracted significant bids after the Federal … Read more
INR vs USD: Rupee’s drop to 85 from 84 has taken place in about two months, while the decline to 84 from 83 took nearly 14 months. It took the currency 10 months to decline to 83 from 82 The Indian rupee fell to a record low, slipping past 85 to the US dollar for … Read more
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Mortgage guarantee scheme: is the mortgage guarantee scheme still available? Mortgage guarantee scheme: What is it and how to apply. Understand how the arrangement works and who is eligible. There are plenty of obstacles to overcome when it comes to buying a property, but the government-backed mortgage guarantee scheme aims to give struggling buyers a … Read more
Mortgage payments ‘will rise for half of UK homeowners over next three years’ Bank of England financial stability report says 4.4 million households will face extra pressure on their finances The mortgage payments of half of UK homeowners will rise over the next three years, leaving 4.4 million households facing extra pressure on their finances, … Read more
We downsized to go mortgage-free and enjoy retirement between Spain and the UK, Teri and Chris Gooch moved from a four-bed house to a three-bed – and are using the spare cash as ‘spending money’ in their retirement. Teri and Chris Gooch are planning to enjoy their retirement living between Spain and Essex after downsizing … Read more
Many people look forward to retirement as a time when the mortgage is paid off and they can relax and enjoy more free time with family and friends. But for a rapidly growing number of people, the prospect of a mortgage-free retirement is looking much less likely. New figures I have obtained from the Bank … Read more
More than a million mortgages have been issued in the past three years which home-buyers are set to still be repaying into pension age. The latest data shows that two in five new mortgages have terms that see homeowners still making payments in retirement. Ultra-long, or extended, mortgages have become more popular during a time … Read more
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