30th March 2009
Guarantee - A repayment type mortgage guarantees that your house will be paid off at the end of the mortgage term providing you keep up the agreed monthly mortgage payments. Basically there are two types of mortgages – Interest only and Repayment.
A mo...
30th March 2009
Insider knowledge – Few consumers would know the system of mortgage borrowing so let me explain how it works with mortgage brokers. There is mortgage product software that holds the details of almost every mortgage deal available. Many brokers will clai...
30th March 2009
To stick or twist? – Whenever you are faced with a mortgages payment plan it can be like a game of cards – do you stick or twist? Okay, you could reasonably argue that either way it is a gamble what type of mortgage interest rate you take, fixed rate ...
30th March 2009
Want a crystal ball? – Imagine having a crystal ball before entering the property market, now which would be nice. You can’t buy one but there are enough signs (pardon the pun you’ll get in a moment).
For sale signs – Keep you eyes open for t...
30th March 2009
Historic low rate - The UK is “enjoying” (not a word I would use) the lowest interest rate in history as the Bank of England (BOE) cut the mortgages rate to just 0.5%. This move by the BOE is a vain attempt to stop the decline of consumer spending.
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30th March 2009
The UK mortgages rate- has fallen to an historic low as the Bank of England tries to help the economy and kick start the housing market.
Lenders increase their profit margin – before the credit crunch the banks the lenders added 2pts (2%) to the bank...
30th March 2009
Simple steps to avoid repossession - With thousands of houses being repossessed every month in the UK here are some useful and practical tips to avoid being repossessed.
Cash is king - The solution to avoid repossession is based upon the saying, Cash ...
30th March 2009
Dick Turpin wore a mask – There will always be robbers but when they wear pin stripe suits they are almost in disguise. Those of you who know your history will be acquainted with the highwayman Dick Turpin who infamously wore a mask to disguise his iden...
30th March 2009
Low can mean high -
Let me reveal or explode the myth surrounding the mortgages rate. Almost everyone is possessed by the almighty mortgages rate but the lowest rate can cost you more than a higher rate. So low can mean high! How can that possibly be?...
