With the financial climate still in a dire state, and the recession adding increasing pressure to consumers all across Britain, a rising number of older homeowners have decided to turn to equity release programmes over recent months in order to free up some cash from their property and give themselves some extra spending power in what has become a difficult financial situation. (more…)
Tags: equity release, quity release advisor, mortgages, home equityThere is no doubt that over the past couple of years, since the onset of the global financial crisis, many families have been driven to financial ruin, and matters have been made even worse over the past year, with many families being hit with redundancy following the onset of the recession. (more…)
Tags: debt help, insolvency, avoid debt, debt problemsIt seems that no matter what happens first time buyers in the UK are destined to get a raw deal when it comes to trying to get onto the property ladder. (more…)
Tags: mortgages, first time buyers, housing market, property pricesBanks in the UK have been accused recently of ‘choking’ the housing market by failing to hand out mortgage loans, even to the best buyers with five star credit. (more…)
Tags: mortgages, mortgage approvals, housing marketOne bank has recently reported that there has been an increase in mortgage applications as well as mortgage approvals, with the rock bottom base interest rate and relatively low property prices continuing to create a flurry of interest in the property market. (more…)
Tags: mortgage applications, mortgagesIt has been revealed that almost all endowment policies will not actually cover the cost of repaying the mortgage at the end of the term. (more…)
Tags: stock market, endowments, endowm, mortgagesA warning has been issued by lenders with regards to the expense of mortgages, with officials stating that restraints on mortgage lending are set to continue, and certainly aren’t likely to ease up in the near future. (more…)
Tags: mortgage applications, mortgages, first time buyersIndustry officials are forever warning us of the importance of thinking about the future in terms of our retirement and ensuring that we have something in place that will enable us to live comfortably once we have retired. (more…)
Tags: housing market, retirement, mortgagesThe Chancellor of the Exchequer, Alistair Darling, has recently expressed concern over the amount of interest that is being charged on loans that are taken out by small firms. (more…)
Tags: Alistair Darling, business loans, loans, loan ratesOfficials from the Royal Institute of Chartered Surveyors have predicted that there will be an increase in property prices over the coming three months, bringing fresh hope to the millions of people that have been affected by falling property prices since the onset of the global credit crunch. (more…)
Tags: mortgages, housing market, property pricesAccording to industry experts problems are arising for surveyors when it comes to accurately providing property valuations, and this is because of the fluctuation in property prices. (more…)
Tags: house valuations, house prices, house surveyAccording to a recent report around 10 percent of property sales in the UK are being stopped as a result of problems with mortgages. (more…)
Tags: mortgage applications, mortgagesThe Office of Fair Trading has criticised a loan broker after receiving a series of complaints from unhappy customers. The complaints were made about Yes Loans, and the complaints related to the fact that many consumers were given the impression that YES was a lender and not a broker. (more…)
Tags: OFT, Office of Fair Trading, loan fees, yes loans, loan referral fees, loan brokersThe British Banker’s Association has recently reported that whilst mortgage lending did hit rock bottom levels over the past couple of years June saw mortgage lending levels increase to their highest level in around fifteen months. (more…)
Tags: mortgages, mortgage lending, mortgage approvalsThe property and mortgage market has been going through a huge amount of turbulence over the past couple of years, sending not only consumers but even the banking industry into confusion. (more…)
Tags: mortgage fees, low rate high fee mortgages, low rate mortgagesMortgage brokers are advising homeowners with mortgages to lock in their loans at the low fixed rates as soon as possible because interest rates will soon start to rise in a significant way. (more…)
Tags: mortgages, fixed rate mortgagesWith lending conditions amongst banks in the UK still highly restricted it has been revealed that some of us may have to learn to rely on foreign banks for our financial needs until the UK lending system sees some form of improvement. (more…)
Tags: bank of china, bank of china mortgages, mortgages, foreign mortgagesWhilst there has been a lot of talk about ‘green shoots’ in relation to improvement in the economy, financial markets, and property sector over recent weeks, a report that was recently released by the Bank of England indicates that thousands of mortgage applications a month are still being turned down by UK lenders. (more…)
Tags: mortgage approvals, mortgages, mortgage applicationsA recent report has suggested that the stringency in the mortgage lending industry, which has been seen over the past two year since the onset of the global credit crunch, is now being relaxed slightly, as many are concerned that if it continues it could hamper the possibility of recovery within the property market. (more…)
Tags: mortgages, home loans, loansIn response to the rising number of homeowners that have fallen into negative equity since the house price crash in the UK one leading lender has re-introduced the 125 percent mortgage. (more…)
Tags: negative equity mortgages, mortgages, nationwideEven though the housing market is in a slump and house prices have taken a direct hit, there are still millions of people in Britain who feel they will make enough money on the sale of their property to give them the funds they need for their retirement. (more…)
Tags: property markets, pension funds, house pricesIt has been claimed recently that despite the fact that the base interest rate is at an all time low of 0.5 percent the rates being charged on many mortgage loans and general loans are continuing to increase, meaning that consumers are unable to benefit from the cut in base rate in many cases. (more…)
Tags: loan rates, mortgage rates, mortgages, loans