24th January 2008
There are several different types of methods for interest to be charged on mortgages. Tracker mortgages have a variable interest rate that moves roughly in line with the Bank of England Base Rate (BoEBR).
Another popular type of interest rate is a fixe...
24th January 2008
In recent times, Independent Financial Advisors (IFAs) have been used by many people as an alternative to mortgage brokers. The main reason for this is that there is a crossover between the services they offer.
IFAs and mortgage brokers usually receive...
24th January 2008
The lure of becoming self-employed and no longer having to answer to your boss is strong in the mortgage industry. A high proportion of mortgage brokers eventually leave their positions of employment to practise advising on their own once they gain the sk...
24th January 2008
The latest trend in the mortgage market has been an increase in the number of borrowers taking out a 100% mortgage. This means that the loan-to-value ratio of the mortgage is 100% rather than the 85% or less normally attached to more traditional mortgage ...
24th January 2008
A current account mortgage is a type of flexible mortgage product that combines several financial products into one single account.
As with any other mortgage product, a current account mortgage will be secured against the borrower’s home. Current ac...
24th January 2008
Capped rate mortgages have variable interest rates that will not rise above a certain upper limit. The interest rate can rise or fall during the term of the mortgage, however it will not rise above the capped upper limit.
Interest on capped rate mortga...
23rd January 2008
If you are trying to stop repossession of your property, there are several things you can do to help the process.
First and foremost, you should take good care of the property. One of the worst things you can do if you are trying to stop repossession i...
17th January 2008
Fixed rate mortgages offer borrowers the ability to help budget for household expenses more accurately because they have an interest rate that remains constant for an agreed portion of the overall term of the mortgage - typically between one and five year...
17th January 2008
Offset mortgages are a type of flexible mortgage that allow borrowers to reduce the interest charged on their mortgage balance by offsetting the balance of any savings they have accumulated in a specified deposit account.
For example, an offset mortgag...
14th November 2007
Home owners who are struggling to keep up with their mortgage repayments are being hounded by so-called “mortgage rescue firms” who promise to save potential evictees from home repossession.The cost of borrowing has increased considerably over the pas...
14th November 2007
Qualified mortgage brokers must undergo a series of exams and receive some on-the-job training and experience.Because all financial advice in the UK is regulated by the Financial Services Authority (FSA), mortgage brokers fall under the stewardship of the...
14th November 2007
Bad credit mortgage applications are subject to strict rules that are enforced by the mortgage industry regulator – the Financial Services Authority.The regulator regularly investigates whether the bad credit mortgage rules are being adhered to by mortg...
08th November 2007
Many people find themselves in a situation in which they have inherited property from a friend or relative who has passed away. Inheriting property can provide a significant financial gain to the recipient, however, if the property is unwanted it will nee...
11th October 2007
Selling your house privately is a big commitment to make and will require the investment of a lot of time and effort if you are to be successful. If you forgo the services of an estate agent and decide sell your house by yourself then you must be aware th...
11th October 2007
With the number of repossession properties on the rise there are a large number of companies and individuals who have begun invest in properties owned by people in financial distress.In fact, the sheer volume of home owners looking to stop repossession of...
