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16th July 2009
Mortgage interest rates have started to climb over the last month as the swap rates that determine how much it costs lenders to lend to each other has risen. Fixed rates are the rates in question with most of the main lenders increasing their rates in lin... Read >
Author: DTM09th July 2009
A ratings agency has revealed that negative equity figures have reached an all time high this month, displaying that one in six prime mortgages in the UK is now affected by negative equity.
Presently one in ten homeowners with otherwise clean credit re... Read >
Author: catherine30th 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... Read >
Author: Monty30th 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... Read >
Author: Monty25th September 2008
Home is an asset not only giving us shelter, but is also used to get loans easily. Any major scarcity of money can be met by the amount lent to us as a loan with our home acting as collateral. However, absence of home doesn’t imply that we face difficul... Read >
Author: steve C clark09th September 2008
Most people in the UK are familiar with the word mortgage; but how many know exactly what the word means and how mortgages work?
The word mortgage is derived from the French language and literally means “dead pledge”. It was based on the fact that... Read >
Author: Adam Singleton20th June 2008
In recent times mortgages have been making headline news. There’s more choice in the marketplace than ever before and lenders are launching new types of mortgages to suit the economic climate. Ensuring you get the right mortgage to suit your own circums... Read >
Author: Daniel Collins15th May 2008
With the cost of houses and property continuing to rise, UK mortgages are also becoming more expensive. For first-time buyers, this is more of a problem than for those already on the property ladder. With the average cost of a new home now almost £200,00... Read >
Author: michael sterios09th May 2008
A mortgage refers to a type of loan taken out by an individual that is used to pay for a property. The property is then used as security against repayments on the loan. A mortgage is used to buy property and is paid back in instalments. If repayments cons... Read >
Author: Aaron Hill29th April 2008
With the credit crunch happening in early 2008, there has been a reduction in the number of UK mortgages that are available. Lenders have removed some of their most attractive products and this has included a favourite of first time buyers - the 100% mor... Read >
Author: Paul Elms06th February 2008
Despite trailing off towards the end of the year gross mortgage lending hit record levels during 2007, according to figures released by the Council of Mortgage Lenders (CML).
Although the organisation is warning that the market is weakening, it report... Read >
Author: Adam Singleton02nd February 2008
The UK risks slipping into recession in the next two years, according to authors of the Deloitte Economic Review; and even if that gloomy forecast doesn’t transpire, the best we can hope for is the weakest economic growth in the last 15 years.
The ... Read >
Author: Andrew Regan18th January 2008
Mortgages are getting less affordable, according to figures released by the Council of Mortgage Lenders, meaning that more people will struggle to keep up their repayments in the coming months.
Interest payments now account for the largest proportio... Read >
Author: Andrew Regan14th January 2008
When interest rates were cut in early December all nine of the Monetary Policy Committee members voted for the cut and that unanimous vote has lead to analysts predicting another cut in early 2008. Welcome news indeed for anyone with a mortgage, as many... Read >
Author: Andrew Regan14th November 2007
Fears over the state of the UK housing market are on the rise, prompted by the announcement from the British Bankers’ Association that mortgage approvals for September fell 14% compared to August.Total mortgage approvals for the month of September 2007 ... Read >
Author: pmcindoe14th November 2007
The Council of Mortgage Lenders (CML) is confident that even though there has been a reduction in the amount of mortgage products available as a result of the global credit squeeze, house prices will remain unaffected, due to the underlying demand for pro... Read >
Author: Andrew Regan21st October 2007
The Council of Mortgage Lenders (CML) has reported that UK gross mortgage lending has fallen six per cent during August - sinking to £32.2 billion from a record £34.25 billion in July - prompting fresh fears that the housing boom is over. Only a month a... Read >
Author: Andrew Regan21st October 2007
The world of mortgages is packed full of choice for potential homeowners today. No longer do those searching for mortgages only have the choice of one or two products. Instead, there is a wealth or products available to suit every possible want and need g... Read >
Author: Jason Hulott21st October 2007
There are many mortgage products on the market today for individuals looking to buy a home, remortgage or invest in property, but is not always easy to find the best UK mortgages for a particular individual. This is not because the products are not out th... Read >
Author: Jason Hulott21st October 2007
The financial health of the UK is declining day by day. Personal debt is increasing by a staggering £1 million every four minutes, with the average household debt increasing by £13 every single day. This is enough to make every individual in debt’s ey... Read >
Author: Jason Hulott21st September 2007
With breaking news across the wires is that following the US Federal Reserve's announcement that has slashed the base interest rate to 4.75% ( a drop of half a point ), the FTSE gained a 2% rise. The knock on affect of this bold move by the US Reserve wil... Read >
Author: Alexis Svenn20th September 2007
First time buyers are deserting the housing market at a faster rate than anytime in the previous three years whilst the numbers of unsold properties is continuing to rise, according to a recent report produced by the Royal Institute of Chartered Surveyors... Read >
Author: Adam Singleton13th September 2007
It appears that rising interest rates have had little impact on the UK housing market as the Association of British Bankers have revealed that mortgage lending in July 2007 increased by £13.6 billion. The figure is almost exactly in line with the precedi... Read >
Author: Elisha Burberry21st August 2007
It's less than a month into Gordon Brown's new leadership and already changes are afoot in the UK housing market. The Bank of England base rate was increased earlier this month to 5.75% - its fifth rise since August 2006 - and the effect on UK mortgages l... Read >
Author: Adam Singleton16th August 2007
Despite gloomy predictions by some industry experts following the recent interest rate rises, mortgage lending hit record levels during the month of June 2007. According to figures published by the Council of Mortgage Lenders (CML), gross levels of lendin... Read >
Author: Andrew Regan07th August 2007
Have you been searching far and wide for a UK mortgage? If so, you know that this can be a long, hard process. But for many people, things are much easier. The reason for this is that they know how and where to look for a UK mortgage.
Here are three t... Read >
Author: Robert Palmer07th August 2007
Getting a mortgage is not always the easiest thing to do. After all, you not only have to provide proof that you make enough money, but there are other circumstances that will also hold you back in many cases. For instance, a county court judgment is some... Read >
Author: Robert Palmer26th July 2007
Getting a loan usually requires proof of employment which can be a stumbling point for self employed mortgage seekers. It might be easy enough to forge a pay stub (like you actually pay yourself) or an employment history, but who’s going to take your w... Read >
Author: Kathryn Lang27th June 2007
The mortgage market is one of the most volatile markets in the world.
Thousands of lenders compete for your business, not because they want to save you money, but because they want to maximize their own profit margins. Here is a list of things you need ... Read >
Author: Sheldon Amerson16th June 2007
It truly feels like an achievement to finally move into your own home after saving for years. After years of living in rented houses, with messy apartment mates, it must feel very exciting to actually have a house that is actually your own. But most of us... Read >
Author: ajeetkhurana04th June 2007
Many have wondered if it benefits an investor in Spanish property to have their loan processed in the UK or Spain. This article is written for the express purpose of comparing the two in an attempt to help you make an informed decision.
The largest que... Read >
Author: steve magill04th June 2007
With home affordability at an all time low, the number of UK mortgages that are borrowed on an interest only basis has risen steadily over the past few years.
This is because interest only mortgages are cheaper to maintain in the short-term as the mont... Read >
Author: michael sterios11th May 2007
Over the last decade, the mortgage market in Britain has been transformed by a continually increasing demand for buy-to-let mortgages. Buy-to-let mortgages are usually taken out by people who already own a UK property, but are seeking to a buy a property ... Read >
Author: Andrew Regan09th November 2006
A recent analysis on fee free UK Mortgages has identified that fee free UK mortgages are in fact costing borrowers more, as they will end up paying more in the end through paying higher interest rates.
The analysis identified that fee-free UK mortgage... Read >
Author: Joe Kocsis21st August 2006
Best Remortgages
Consider this as a normal mathematical comparison. A 2% saving on a 100,000 mortgage works out at 2,000 per year and assuming that this saving can be made every year by moving the mortgage to another lender, it equates to an astronom... Read >
Author: Joe Kocsis12th August 2006
UK Mortgages: Buy before it's to late
Has the saying the "Englishman's home is his castle" come to an end? Since the days of Maggie Thatcher, the British public have slowly become householders and at the last census, as much as 65% of people lived in t... Read >
Author: Joe Kocsis09th May 2006
Mortgage is a way of securing a debt by using your own property as a guarantee to the lender. If For some reason you cannot pay your debt in time you may lose the property. The term mortgage itself refers to the debt and also to the legal device used when... Read >
Author: groshan fabiola
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