According to a recent report around one hundred thousand homeowners every month are benefiting from the rock bottom base rate, which has stood at just 0.5 percent since April of this year. The current base rate is the lowest it has ever been in the history of the Bank of England, which spans over three hundred years. (more…)
Archive for October, 2009
One hundred thousand homeowners a month benefit from low interest rates
Saturday, October 31st, 2009
Mixed news on mortgage lending
Friday, October 30th, 2009Over recent weeks data has been released that indicates mixed news in the mortgage lending markets. There has been much speculation recently about signs of recovery in the property and mortgage markets, and indeed some of the figures relating to mortgage lending levels have pointed towards recovery. (more…)
Shake up in store for the mortgage market
Thursday, October 29th, 2009Over the past couple of years the mortgage market in the UK has gone through some very tough times, and even now traditional mortgage lenders are being increasingly strict with regards to mortgage approvals, and are putting many obstacles in the way of borrowers that do not have large deposits and excellent credit histories. (more…)
Tesco to start offering loans and current accounts in 2011
Wednesday, October 28th, 2009Some time ago the supermarket giant Tesco announced that it was launching its own bank, which would offer, amongst other things, mortgages and current accounts, improving the choice for consumers in what has become a very turbulent and difficult market. (more…)
Cheaper to buy than rent in most areas
Thursday, October 22nd, 2009According to a recent report many first time buyers would find it cheaper to buy a home than to rent one in most parts of the UK providing they can find a reasonable deposit to put down on the property. (more…)
Mortgage repayment savings being used to pay off credit card debt
Thursday, October 22nd, 2009It has been reported recently that many homeowners in the UK are using the savings that they are making on their mortgage repayments to make repayments on their credit card debts. (more…)
Slight drop in house prices in UK
Wednesday, October 21st, 2009Over recent months there have been modest increases in property values in the UK, and this has sparked renewed hope across the nation, with many industry officials claiming that the property price increases were signs of green shoots in the property market and the economy as a whole. However, a number of other industry experts were quick to predict that the property price increases were only a temporary blip and that the situation would not be sustained. (more…)
Tips for First Time Home Buyers
Tuesday, October 20th, 2009Buying your first home is an exciting, yet daunting experience. It is likely that this purchase is the biggest financial commitment you will ever make in your life and the prospect of taking out a loan that will take you about 25 years to repay is something that could keep you awake at night. (more…)
Brits playing it safe with overseas properties
Monday, October 19th, 2009Brits have always been fond of buying holiday homes and properties in overseas destinations, and over the years have purchased properties in many different places around the world. (more…)
Many Brits think this is the time to buy a home
Sunday, October 18th, 2009The results of a recently conducted survey have shown that many people in Britain think that now is a good time to buy a home, despite the difficulties in the mortgage markets. (more…)
Is the FSA failing to protect homeowners from lenders?
Saturday, October 17th, 2009The Financial Services Authority is the UK’s financial regulator, and part of its job is to protect consumers from unscrupulous actions by banks and financial institutions by ensuring that these institutions and properly and fairly regulated. (more…)
Highest number of mortgage complaints received by Bank of Scotland
Friday, October 16th, 2009According to figures received from the Financial Ombudsman Service the highest number of complaints in relation to home loans and mortgages has been received by the Bank of Scotland. (more…)
Increased protection for homes is vital
Thursday, October 15th, 2009Industry officials have been warning that in the current financial climate, with the credit crunch and the recession still affecting the economy, the level of domestic burglaries has been rising and in order to try and avoid becoming the victim of burglaries consumers need to ensure that they step up protection for their homes in terms of both security and insurance cover. (more…)
Younger Scots being frozen out of the property market
Wednesday, October 14th, 2009In a recent report it has been claimed that, in the same way as those in England and Wales, many younger people in Scotland are finding themselves frozen out of the property market because of the crippling deposits that lenders are demanding in return for a mortgage loan. (more…)
Can house price revival be sustained?
Wednesday, October 14th, 2009Recent speculation about green shoots in the UK economy has been further fuelled over recent months because house prices have seen a small yet sudden revival after over eighteen months of falls. (more…)
Lucky mortgage payer wins repayments for a year
Tuesday, October 13th, 2009With the financial crisis still ongoing and times still hard for most of us in terms of many there are many people that dream of having their mortgage repayments covered for them if only for a limited period of time. (more…)
Ulster Bank aims to increase lending
Monday, October 12th, 2009Whilst many recent reports have stated that many banks across the UK are still being extra cautious with regards to lending to consumers in the current climate it has been revealed that one bank in Northern Ireland is actually trying to increase its mortgage lending, and has launched a drive that is aimed towards improving and increasing mortgage lending for consumers. (more…)
Some homeowners could benefit from not overpaying on their mortgage
Friday, October 9th, 2009With interest rates at all time lows of just 0.5 percent many homeowners in the UK have seen their mortgage repayments fall, and some have decided to make the most of the situation by continuing to make higher repayments and overpaying on their mortgages. (more…)
Percentage fees now charged on 50 percent of mortgages
Thursday, October 8th, 2009Recent research has revealed that an increasing number of mortgage lenders are now charging a percentage fee on their fixed rate mortgage products. (more…)
Payments on mortgages fall to lowest level in seven years
Wednesday, October 7th, 2009Despite the troubled financial climate and the recession recent reports have shown that consumer do have some good news when it comes to their finances. (more…)
New website launched by government for those struggling with mortgages
Tuesday, October 6th, 2009As part of the measures designed to try and help struggling homeowners and reduce repossession levels in the UK the government has launched a new website that is designed to help those that are struggling to keep up with their mortgage repayments. (more…)
Many homeowners refuse to drop property prices
Monday, October 5th, 2009Over recent months property prices in the UK have been increasing slightly, but over the past year and a half property prices have plunged with the UK experiencing a dire property slump. (more…)
Current property price increases ‘unsustainable’
Saturday, October 3rd, 2009Over the past few months property prices have seen slight increases following eighteen months of dramatic falls, and for many this has indicated that the property slump is over and that the market is getting back onto an even footing. (more…)
Growth in mortgage confidence reported
Friday, October 2nd, 2009One financial website has revealed that a growing number of people are looking to move house, indicating that there has been significant growth in mortgage confidence. (more…)
Why You May be Turned Down for a Loan
Thursday, October 1st, 2009It is not surprising to hear of many customers being turned down when they apply for a loan from one of the many UK lenders in these times of economic uncertainty. (more…)
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