16th July 2009
House prices have fallen, mortgage costs for lenders have increased so fixed rate prices are increasing and will the economy start to recover soon?. All these factors will affect how the mortgage market will perform and if you are trying to decide when to...
16th July 2009
It was good to read recently many people are taking advantage of low interest rates and overpaying on their mortgage. By paying what you can afford or what you were paying when the interest rates were around 6% you could save thousands in interest payment...
02nd July 2009
With mortgage lenders reigning in their lending and moving the goal posts it is now much more difficult to obtain a mortgage as deposits needed are more than many can afford. The higher deposits and the tougher credit approval checks are stopping many for...
02nd July 2009
First of a quick intro for those not completely familiar with the LIFT scheme, LIFT stands for Low Cost Initiative for First Time Buyers. It’s the Scottish Government’s scheme to help first time buyers purchase their first home of they are unable to a...
02nd July 2009
What a difficult time to get on the property ladder. We’ve got lenders that are being very cautious with their lending which of course affects consumers who two years ago would have no problem getting on the property market now either aren’t credit wo...
18th June 2009
For those that haven’t heard about the LIFT scheme it is the Scottish Government’s programme to help those on low incomes with the purchase of their first homes. It has never been a more difficult time for anyone to be able to meet the criteria set ou...
18th June 2009
What is the LIFT scheme and how does it work?
LIFT stands for Low-cost initiative for First Time Buyers and is a government scheme to help those people buy their first home that wouldn’t be able to afford the house on their own and need help to overc...
12th June 2009
If you are looking to buy your first home you may be contemplating your options available to you. If you have found your home and have the necessary deposit saved then great but many are finding saving the deposits now being demanded are impossible for th...
12th June 2009
Shared equity schemes are increasing in popularity. This is primarily down to the much hiked deposit requirements which has meant for many people saving the required deposit is pretty much impossible. Before the credit crunch many could get mortgages with...
12th June 2009
Deposits required for house purchases nowadays are much larger than those needed a couple of years ago, you are looking at putting up at least 15 per cent deposits and more likely twenty to twenty five per cent deposits to get a half decent rate. Who real...
12th June 2009
If you are one of the many people struggling to afford the mortgage that comes with a new home or trying to get over the hurdle of having enough saved for a deposit to but your first home then there are various government initiatives to help.
In Scotla...
06th May 2009
The amount of money you can borrow will depend in your own circumstances, such as income, if you are purchasing with a partner and how good your have been with credit analysed through your credit history.
Lenders don’t keep things simple by all using...
06th May 2009
Well the answer is of course it is dependant on your individual circumstances. The mortgage market has certainly changed in the last eighteen months to two years. The credit crunch has reigned in the frankly ridiculous amounts mortgage lenders were offeri...
06th May 2009
Many of us who are thinking about buying their first home do have a lot of concerns before they take that step on the property ladder. With house prices plummeting over the last year many have seen thousands of pounds come off the value of their home. Unf...
06th May 2009
You may have read in the news today that mortgage lending has fallen again which is a blow for the country as many were hopefully of a recovery in the mortgage market. It may be just a small fluctuation that is common during a recession. It could take...
