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Category: Investment

How does a zero-deposit mortgage work and is it a good idea?

ITV News

Skipton Building Society reintroducing deposit free mortgages for first time buyers The lenders behind a new mortgage hope to turn renters into homeowners by offering deals without deposits. Skipton Building Society has announced a zero-deposit mortgage, specifically targeted at renters looking to buy their first home. The group’s chief executive of home financing, Charlotte Harrison, said the mortgage “has been carefully created with the challenges generation rent is facing in mind, together with the potential risks and challenges they may encounter in the future too.” …visit ITV News to read…

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London house prices to ‘fall 10 per cent by autumn’ as interest rate rises send mortgage payments soaring

Evening Standard

London buyers will be particularly vulnerable to a slump as interest rate rises on large loans push up mortgage payments London home owners were today warned of a 10 per cent slump in property prices by the autumn as higher interest rates send mortgage payments soaring. Leading City forecaster Samuel Tombs, chief UK economist at research firm Pantheon, said the capital is particularly vulnerable to a slump because London buyers have to take on such large loans to scramble on the property ladder. In a UK Housing Watch analysis of the market he…

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Curzon confirms interest in buying rival UK chain Picturehouse Cinemas (exclusive)

Screen Daily

UK arthouse cinema chain Curzon, owned by the US-based Cohen Media Group, is understood to be interested in acquiring Picturehouse Cinemas from present owner Cineworld or from whomever may buy the financially beleaguered company whose assets are up for sale. Picturehouse “would be a great addition to Curzon,” Curzon CEO Philip Knatchbull told Screen this week, when asked if Curzon was in the mix to buy the rival boutique chain. “Anyone of any sensible nature who believes in cinema can see that the advantage of having Picturehouse Cinemas as part of their group…

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