Over recent weeks a number of lenders have decided to bring back 125 percent mortgages, but these will only be made available to existing borrowers who have very good credit and need to move home. (more…)
Tags: council of mortgage lenders, credit, Trinity Financial Group Limited, Subprime mortgage crisis, negative equity, 125% mortgages, Conventry Building Society, mortgageThe banking industry has suffered a series of knock backs over the past couple of years, and as a result of a number of factors many consumers have lost confidence in banks and building societies, which have come under fire for a variety of things. (more…)
Tags: Best Regional Building Society, cumberland building society, mortgage, building society, Cumberland, mortgage brokerFigures that were recently released by the Council of Mortgage Lenders have shown that there was a month on month increase in mortgage lending for the month of October, with mortgage lending for the month rising by around 5 percent compared to September. (more…)
Tags: mortgage, bank of england, economist, Danish mortgage market, interest rates, Financial economics, Subprime crisis impact timeline, Subprime mortgage crisisConsumers are being warned that they should avoid switching their mortgage loans without first checking the fees that they will be charged for the privilege. (more…)
Tags: mortgage, banking fees, mortgage fees, mortgage charges, Banking, banking chargesIt has been reported that the property market in the UK is more active than usual for this time of year, with many people putting their Christmas shopping on hold to get on with the more important matter of getting a house. (more…)
Tags: Nick Chivers, home buyers, Interest, property market, debt, ChristmasThe Rent to Home-buy scheme that was launched by the government in the hope of enabling more people to get onto the property ladder has been deemed unsuccessful. (more…)
Tags: Property law, Personal finance, Conservative Party, Real property law, mortgage, Labour GovernmentFigures that have recently been released by a mortgage group have suggested that a rising number of landlords are adding to their property portfolios by obtaining buy to let mortgages. (more…)
Tags: Paragon, Landlord, real estate, mortgage, mortgage group, buy to let, council of mortgage lendersSince property prices reached their peak in the UK in October of 2007 the value of homes in the nation have plunged, with many homeowners seeing tens of thousands of pounds being wiped off the value of their homes. (more…)
Tags: real estate, mortgage, Capital Economics, Bloomberg L.P., ValuationThe leading building society Nationwide has recently warned that we should expect downward pressure on property prices in the UK over the coming year. (more…)
Tags: house prices, Graham Beale, nationwide, property pricesLast year the government in the UK suspended stamp duty on properties between £125,000 and £175, 000 in value in the hope of helping to revive the struggling property market by increasing affordability for first time buyers. (more…)
Tags: first time buyer, mortgages, stamp dutyFollowing the most recent Monetary Policy Committee meeting the Bank of England announced that it was throwing even more money at the economy in the form of quantitative easing, which has already cost £175 billion. (more…)
Tags: Quantitative easing, interest rate, Monetary Policy Committee, bank of england, Inflation, Chancellor of the ExchequerIn the past many people with their own homes were reliant on the equity in their properties to provide them with financial stability in the future. (more…)
Tags: Subprime mortgage crisis, mortgage, Fractional renting, Foreclosure rescue scheme, RentingConditions within the mortgage sector have changed dramatically since the onset of the global credit crunch, with popular mortgages such as 100 percent mortgages and even 95 percent mortgages disappearing from the shelves and being replaced with high deposit mortgages. (more…)
Tags: Offset mortgage, mortgage, The Platform Company, self cert mortgages, last remaining mortgage lenderAccording to a recent report there has been a rise in the number of enquiries for mortgage advice from first time buyers of late, and this has been seen as a sign of recovery in the property market. (more…)
Tags: mortgages, first time buyers, mortgage adviceA recent report has claimed that lenders are being accused to pushing customers onto expensive fixed rate mortgage deals that could see the amount that they owe go up by thousands of pounds. (more…)
Tags: fixed rate mortgages, mortgagesIt has been claimed that the mortgage lending sector for the month of August was largely propped up by first time buyers.
The month saw a drop in the number of people looking to remortgage, but there was a return to the market – albeit a gradual one – of first time buyers who helped to keep the sector buoyant. (more…)
Tags: mortgages, fixed rate mortgages, first time buyersFigures that were recently released by Nationwide have shown that there has been an increase of 2 percent in property prices in the UK. The lender has confirmed that house prices are now higher than they were at the same time last year by around 2 percent, and that property prices have increased for the sixth month in a row. (more…)
Tags: property prices, house pricesAn industry report has recently claimed that it is unlikely that homes in Northern Ireland will see any price increase next year. The report was released by Davy stockbrokers, and claims that even if there is a property value increase it will not be a significant one. (more…)
Tags: northern ireland house pricesNationalised mortgage lender Northern Rock is said to be on an aggressive drive to try and increase its customer base by cutting the rates on some of its mortgage products a number of times within a short period of time. (more…)
Tags: northern rock mortgages, northern rockFor many years landlords in the UK who have been looking to rent their properties out to potential tenants have always been careful to ensure that a credit reference check is carried out on any potential tenant to make sure that they are not experiencing financial problems that could result in them being unable to make payments on the rent. (more…)
Tags: buy to let, mortgagesFirst time buyers have faced a number of problems when it comes to getting onto the property ladder, even though property prices have come down. Over the past couple of years banks and lenders have become reluctant to hand out mortgage loans, and first time buyers in particular have suffered because of the high deposit levels that lenders have been demanding, which most first time buyers have been unable to raise. (more…)
Tags: Britannia mortgages, mortgagesEarlier this month struggling first time buyers in the UK received some good news after Abbey, which is owned by Spanish bank Santander, accounted that it was scrapping the legal fees on some of its mortgage loans. (more…)
Tags: mortgages, first time buyer mortgages, first time buyersFor the past seven months the base interest rate in the UK has been at an all time low of just 0.5 percent, which is the lowest it has ever been in the history of the Bank of England, which spans over three hundred years. (more…)
Tags: mortgage rates, fixed rate mortgagesOver the past few months there have been increases in property prices in the UK, and house price indexes have shown that property prices are now at the sort of level that they were at around twelve months ago, although they are still falling short of the levels they reached at the peak of the property market in the latter part of 2007. (more…)
Tags: housing market, property pricesHigh street lender Nationwide has bucked the trend in the mortgage market by offering 90 percent mortgages to borrowers, which has proven great news for the many first time buyers that have struggled to find the level of deposit that many lenders are now asking for. (more…)
Tags: mortgages, 90% mortgagesSince the property market peaked back in 2007 property prices in the UK have plunged, sending many homeowners spiralling into negative equity and wiping tens of thousands of pounds off the price of properties. (more…)
Tags: property prices, first time buyersAccording 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…)
Tags: low mortgage rates, interest ratesOver 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…)
Tags: mortgages, mortgage lending, mortgage approvalsOver 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…)
Tags: post office mortgages, mortgagesAccording 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…)
Tags: rental costs, mortgage costsIt 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…)
Tags: credit card debt, interest rates, mortgage repaymentsOver 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…)
Tags: house prices, house marketBrits 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…)
Tags: overseas mortgages, foreign mortgages, overseas propertiesThe 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…)
Tags: buy home, house marketAccording 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…)
Tags: bank of scotland mortgage complaints, Financial Ombudsman Service, bank of scotland, mortgage complaintsIn 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…)
Tags: property market, scotland house pricesWith 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…)
Tags: mortgage repayments, win mortgage repaymentsWhilst 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…)
Tags: bank lending, ulster bankWith 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…)
Tags: overpay mortgages, mortgagesRecent research has revealed that an increasing number of mortgage lenders are now charging a percentage fee on their fixed rate mortgage products. (more…)
Tags: mortgages, mortgage percentage fees, mortgage feesDespite 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…)
Tags: mortgage repayments, mortgagesAs 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…)
Tags: mortgage help, mortgages, mortgage repaymentsOver 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…)
Tags: housing market, property pricesOver 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…)
Tags: property prices, housing marketOne 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…)
Tags: mortgage growth, mortgages