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11th September 2009
If you're a homeowner on a tracker mortgage, you'll be feeling pretty pleased with yourself right now.
The Bank of England's Monetary Policy Committee has slashed the base rate from 5% in October to a record low of just 0.5%. If you've got a £150,000 ... Read >
Author: MarkeD18th June 2009
Many mortgage customers are being charged between 20 and 50 pounds each month if they fall into arrears. The lenders argue that these charges merely reflect extra costs they incur and the costs cease when customers agree a repayment plan.
But critics ... Read >
Author: michael challiner12th June 2009
Homebuyers with spotless credit records are being warned that they could find it difficult to take out a new mortgage as banks continue to tighten their lending criteria. Banks and building societies are rejecting loan applications at short notice as hous... Read >
Author: michael challiner01st May 2009
The personal loans market is one industry that has been particularly hard hit in the current economic slowdown. Banks, already overloaded with large amounts of toxic assets, have become increasingly wary of lending to anyone without a spotless credit rati... Read >
Author: Darrell17th April 2009
The Council of Mortgage Lenders says the number of cases in arrears at the end of September 2008 was 168,000 – 8pc higher than the 155,600 in arrears at the end of June. They are expecting up to 170,000 arrears by the end of the year.
The CML also sa... Read >
Author: Mark Jenkins30th November 2008
Property booms are a real shot in the arm for those already nearing the top of the housing ladder. They’ve seen their property prices rise higher than they’d have dared to hope. The cost of borrowing has been low and house values wonderfully high. Lif... Read >
Author: michael challiner30th September 2008
The truth is, folks, that preforeclosure and short sales are the wave of today and the future. As someone who has had mortgage loan training and who I’m sure pays attention to the news and realizes how many foreclosures are out there right now, aren’t... Read >
Author: D.C. Fawcett14th August 2008
Borrowers have been dealt another blow as mortgage giants Nationwide and Woolwich raise rates and the cost of two-year fixed rate mortgages hits a ten-year high.
Research by financial information specialist Moneyfacts.co.uk has shown the cost of... Read >
Author: Christian Ward24th July 2008
A leading broker has advised people to choose an offset mortgage rather than dipping into their savings to pay for their home loan.
An expert from the broker said that this would allow customers to pay off their home loan quicker and would also offer t... Read >
Author: Gill03rd July 2008
Today’s announcement that Bradford & Bingley, Britain’s biggest buy-to-let mortgage lender had already suffered huge losses in the first few months of the year caught many by surprise.
However, it is the lender's bad debt figures, located towards ... Read >
Author: Mildred02nd July 2008
State-owned Northern Rock is set to offer great deals for savers in the coming months, however it is the bank’s existing 800,000 mortgage customers who are the bone of contention.
The main cause of Northern Rock’s swift demise was the home loans ... Read >
Author: Jemma23rd May 2008
A leading charity has criticized lenders who supply secured loans to people with low credit ratings.
A Citizens Advice Bureaux report said irresponsible lending decisions and aggressive arrears management by sub-prime lenders were driving the current i... Read >
Author: Linsey Summers20th May 2008
There are worrying signs in the loans market at the present time. The current banking crisis has lead to concerns that mortgage customers will find it harder to get loans and in turn, with houses becoming more difficult to sell, prices will fall.
Cent... Read >
Author: Jenny Longmuir18th April 2008
Yesterday may not have brought the most startling news in economic history when the Bank of England's monetary policy committee (MPC) announced it was cutting the base rate by 0.25 per cent for the third time in five months.
Revealing the news, the body... Read >
Author: Assetz UK03rd April 2008
Mortgages are financial instruments that are under the influence of economic factors that operate in a country. Therefore, the interest rate that is applied on a mortgage is subject to variation because of the economic policies and rules that are applied ... Read >
Author: R Rama14th 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... Read >
Author: michael sterios08th August 2007
How To Become Known As "The Mortgage Information Person" In Your Local Market
As you may know, I'm a huge advocate of providing related information to mortgage customers, prospects, and contacts. The objective is to position ourselves as someone who is... Read >
Author: Tom Domin01st August 2007
No Exaggeration
There are a staggering number of Florida mortgage customers that will be impacted by the changes in the mortgage industry. Maybe you have heard that twenty percent of all homes purchased nationwide in recent years were purchased using s... Read >
Author: Jim Kemish31st July 2007
The Ten Commandments Of Mortgage Marketing
No...The following Commandments did not come from any mountain, nor were they carved on clay tablets, but they have been known for countless years by Mortgage Professionals. Smart marketers have followed these... Read >
Author: Tom Domin27th July 2007
Your Auto-Reply Email Function...How To Irritate Mortgage Customers And Alienate Prospects
In my opinion, Mortgage Professionals that use the "Auto-Reply" option that's available in most email programs are making a huge marketing mistake.
For those... Read >
Author: Tom Domin23rd July 2007
9 Unusual Ways To Use Postcards In Your Mortgage Business
Postcards can be more than an inexpensive way to "stay in touch" with your mortgage customers and prospects. This tiny billboard is actually a powerhouse of a marketing tool with almost unlimite... Read >
Author: Tom Domin18th July 2007
Improve Your Mortgage Business...Make Yourself Available
Here's an interesting little exercise that's well worth your effort.
Make a list of all the different ways your best friends and family members can make contact with you? They can call your h... Read >
Author: Tom Domin21st May 2007
How Your Attitude Affects Your Mortgage Customers
The results are in...and quite honestly, they have never really changed. Over the years, study after study has shown that the number one complaint of our customers is a lack of communication, inefficien... Read >
Author: Tom Domin17th May 2007
How Quickly We Forget
You might be surprised to hear that the Prime Rate was at twenty percent in mid 1981. This seems amazing by today’s yardstick. Oddly enough, this was not an aberration for those times. Inflation was running high and the Federal ... Read >
Author: Jim Kemish12th May 2007
Prior to 2004 there was little regulation for mortgage brokers conducting business in the UK. Anybody could call themselves a mortgage broker, regardless of whether or not they held the necessary qualifications, and they could source clients and conduct t... Read >
Author: michael sterios05th March 2007
Referrals are what make and break many mortgage lenders. Referrals are incoming calls that are referred to you from an outside source. That source might be a newspaper, a friend, a former client, or even the internet. In the end, though, mortgage originat... Read >
Author: Professor_x09th February 2007
The Monetary Policy Committee’s decision to increase base rate by a further 0.25 per cent on 11 January caught everybody on the hop, from financial commentators through to the banks and building societies themselves. The rate increases of August and Nov... Read >
Author: Marco Barra09th February 2007
What is Negative Amortization?
The term "negative amortization" refers to the potential for your loan amount to increase over time - in other words, you might have reverse or "negative" amortization. These loan programs allow you to pay less that the f... Read >
Author: Jim Kemish24th January 2007
Bank of England interest rates have been steady since August 2005 and even that move was southwards. Why then are thousands of mortgage customers up in arms about an unexpected and unwelcome increase in the cost of their mortgages?
Customers of the Not... Read >
Author: michael challiner12th December 2006
Many mortgage originators debate whether to market on-line or off. But the real question should be which marketing methods and strategies work best on-line, and which work best offline? Let's take a closer look.
Direct Mail & Telemarketing
Direct ma... Read >
Author: Doug Frye03rd October 2006
Cheap APR loans are the loans provided by the lenders at lower rates than other loans. These loans are basically borrowed in order to repay some other loans at high APR.
First of all we must understand why CHEAP APR LOANS are beneficial. These low APR lo... Read >
Author: steve C clark
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