Earlier this month the High Street banking giant HSBC brought back one of its popular mortgage products, the Rate Matcher mortgage, which promised to match or beat a homeowner’s current rate and fix it for two, three, or five years. (more…)
Archive for June, 2009
Rate Matcher returns from HSBC
Tuesday, June 30th, 2009
65 percent of would be first time buyers face gloomy outlook
Tuesday, June 30th, 2009It has been reported that as many as 65 percent of would be first time buyers that may have been hoping to get onto the property ladder before house prices start increasing again may have little or no luck, as they do not think that they will be able to afford to do so. (more…)
Mortgage customers being exploited by banks claims report
Tuesday, June 30th, 2009A recent report has claimed that many of the UK’s banks are exploiting their mortgage customers, with the banks’ profit margins soaring to the highest levels seen since the onset of the global credit crunch. (more…)
Many will be able to clear mortgages before repayment term ends
Monday, June 29th, 2009It has been claimed recently that many homeowners with mortgages in the UK will be able to benefit from paying their mortgage loans off far earlier than the scheduled repayment date thanks to the historically low base rate, which has stood at o.5 percent for some months. (more…)
Hope for council tenants in Dundee that want to buy their homes
Sunday, June 28th, 2009Over recent years a variety of mortgage lenders have launched special deals for people living in council houses who are interested in buying their homes and getting onto the property ladder. (more…)
Consumers looking for mortgages over longer terms
Friday, June 26th, 2009According to official from a mortgage broker group more and more people in the UK are now looking to take mortgage loans out over longer terms. The officials claim that over half of the people that came to get help in finding a mortgage product were looking for terms of at least three years. (more…)
Borrowing levels affected over uncertainty about finances
Wednesday, June 24th, 2009According to a recent report the borrowing levels of consumers in the UK are being affected by uncertainty over their finances. Officials from the British Bankers Association have said that households’ uncertainty over their finances is leading to lower levels of borrowing, with net mortgage lending amongst UK lenders at its lowest level in eight years in April, standing at £2.7 billion. (more…)
Regulator continues to crack down on mortgage fraud
Tuesday, June 23rd, 2009Since the onset of the global credit crunch in 2007 mortgage related fraud has become increasingly prevalent in the UK, as well as in other countries such as the United States. (more…)
Only one family saved by mortgage rescue scheme
Monday, June 22nd, 2009A recently released report claimed that whilst the mortgage rescue scheme launched by the government had been aimed at stopping many families from losing their homes, only one family had actually benefited from it. (more…)
Loan terms relaxed by lenders
Saturday, June 20th, 2009Whilst credit conditions have been particularly difficult over the past couple of years, since the onset of the global credit crunch, it has been reported recently that some lenders have been relaxing their loan terms, enabling consumers to enjoy easier access to loans and greater affordability. (more…)
Mortgages for home buyers increased in March
Friday, June 19th, 2009Recently released figures relating to the mortgage market and housing activity have shown that during the month of March mortgage approvals for people that were buying properties increase by around one third. (more…)
Fall back in mortgage lending for April
Thursday, June 18th, 2009A recent report released by the Council of Mortgage Lenders has claimed that the level of mortgage lending for the month of April fell back again, following a surprise increase in mortgage lending for the month of March. (more…)
Equity firm warns pensioners could be paying over the odds
Wednesday, June 17th, 2009In a recent report an equity firm in the UK has warned that many pensioners may actually be paying over the odds when they release cash from their homes. (more…)
Increase in mortgage approvals for April
Tuesday, June 16th, 2009Despite the doom and gloom that has been surrounding the mortgage markets over the past year or do, recent figures have shown that there was an increase in mortgage approvals for the months of April, brightening the dark mood that has been surrounding the mortgage industry over recent months. (more…)
Slight increase in house prices reported for May
Monday, June 15th, 2009According to figures that were recently released in relation to UK property values house prices for the month of May edged up slightly from April, rising by 1.2 percent for the months. (more…)
New record for bankruptcy levels
Monday, June 15th, 2009It was revealed earlier this month that bankruptcy levels in England and Wales had reached the highest on record, with the financial crisis and the ongoing recession forcing more and more people into insolvency. (more…)
Problems arise in secured loans market
Sunday, June 14th, 2009It has been reported recently that the secured loans market in the UK is somewhat doomed, with the availability of secured loans becoming more and more rare as a result of falling house prices. (more…)
Debt amongst UK tenants soars
Saturday, June 13th, 2009According to a recent report the level of debt that the average UK housing tenant is now in has soared to its highest level since the 1980s. (more…)
Deals still available even though loan rates have risen
Saturday, June 13th, 2009According to a recent report whilst loan rates in the UK may have increased recently there are still some decent deals available for a number of consumers. (more…)
Officials think homeowners should fix interest rates
Friday, June 12th, 2009According to recent report some industry officials are encouraging homeowners and new buyers to fix their mortgage interest rates amidst speculation that the base interest rate could rise sharply in the future having been slashed over the past seven months and having falling to its lowest level in the three hundred and fifteen year history of the Bank of England, at 0.5 percent. (more…)
Keeping Your Mortgage Payments Up to Date
Friday, June 12th, 2009With interest rates starting to rise, many homeowners have gotten used to low monthly payments on their mortgage. (more…)
A Glossary of Home Buying Costs
Thursday, June 11th, 2009There is more to buying a home than simply borrowing the money from a lender and making the monthly payments for the length of the term. It usually takes a month to close the deal after you agree to the selling price and have approval for the mortgage. (more…)
Nationalised bank makes obscene profits from customers
Wednesday, June 10th, 2009Earlier this month the nationalised bank, Northern Rock, was accused of making ‘obscene’ profits from its mortgage customers. (more…)
Consumers with low credit are suffering through the recession
Wednesday, June 10th, 2009Whilst it is clear that the ongoing recession is affecting most people in one way or another, particularly in terms of their financial situations and job security, a recent report has said that people that have damaged credit histories and low credit ratings are amongst the groups that will be hardest hit by the recession. (more…)
‘Buy now, pay later’ on the rise
Monday, June 8th, 2009These are uncertain times. Unemployment is on the rise, property prices have crashed leaving many with negative equity problems, savings are attracting low rates of interest and the nation has tightened its belt. Or so it seemed. There may be an area of growth right now after all- in the ‘buy now, pay later’ finance sector. (more…)
Home sales restricted by negative equity
Thursday, June 4th, 2009Lenders have recently stated that the number of property transactions and home moves is set to be seriously hampered by the fact that so many people are now in or facing negative equity as a result of plunging property valued. (more…)
Mortgages a struggle for those with damaged credit
Thursday, June 4th, 2009Whilst people that have had bad credit ratings in the past have found that there is far less choice when it comes to getting finance such as mortgages, there is little doubt that since the onset of the global credit crunch things have got far worse for this group. (more…)