A 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…)
Posts Tagged ‘fixed rate mortgages’
Borrowers being pushed onto costly fixed rates by lenders
Tuesday, November 17th, 2009
Mortgage lending propped up by first time buyers
Monday, November 16th, 2009It 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…)
Homeowners urged to fix rate before it is too late
Wednesday, November 4th, 2009For 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…)
Lock in Your Mortgage at a Fixed Rate Now
Wednesday, August 5th, 2009Mortgage 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…)
Can recovery in housing market be sustained?
Monday, July 6th, 2009Many industry officials have recently been speculating about whether any recovery in the housing market can be sustained, after figures released showed that mortgage interest rates have been increasing for the first time in the space of a year. (more…)
Fixed rate mortgages will continue to increase
Friday, July 3rd, 2009An industry expert has recently stated that fixed rates on mortgages in the UK are set to continue to increase, even though the base interest rate remains at the all time low of just 0.5 percent. (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…)
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…)
Is it a Good Idea to Lock in Your Mortgage at the Lower Rates Now Available?
Tuesday, May 26th, 2009The interest rates for mortgages in the UK are at the lowest level they have been in 300 years. Many homeowners are wondering if they should lock in their mortgage at these lower rates in an attempt to save money on their mortgage payments. (more…)
Fixed rate loans mean profit for banks
Thursday, April 16th, 2009Some industry experts have recently claimed that many banks are now making profits from fixed rate mortgage loans by increasing their profit margins sharply on these popular loans. (more…)
Interest rates on fixed rate mortgages being increased for those with smaller deposits
Saturday, April 4th, 2009According to a recent report a number of lenders have been hiking up the interest rates charged on their fixed rate mortgage products in the event that the borrower cannot put down a fairly sizeable deposit. (more…)
Two new fixed rate deals launched by HSBC
Monday, March 9th, 2009Over the past few weeks a number of lenders have been launching new fixed rate mortgage deals with competitive rates of interest, and this follows the base interest rate plunging to a fresh record low of just 1 percent, which was announced after the February Monetary Policy Committee meeting. (more…)
Those with fixed rate mortgage may be losing out
Tuesday, February 10th, 2009A recent report has highlighted how many British homeowners that have fixed rate mortgage deals in place may be missing out financially because of the cut in interest rates over recent months. (more…)
Five year fixed rate mortgage now more popular
Wednesday, June 18th, 2008Over recent years fixed rate mortgages have been very popular amongst consumers who wanted to keep their mortgage repayments static for a period of time, with the deal enabling them to enjoy a specified period on a fixed rate on their borrowing, which means that their repayments will also be fixed for that period of time. Until recently most consumers have, however, opted for shorter term fixed rate deals of two or three years rather than committing to the longer term deals of five or ten years. (more…)
How will government help struggling homeowners?
Thursday, May 15th, 2008Following a recent meeting with banking and mortgage officials the government has announced that there will be help in place to assist struggling homeowners that are in danger of losing their homes due to mortgage arrears. This includes those that are coming off cheap fixed rate mortgage, many of whom could face losing their homes when their mortgage interest rate and their monthly repayments rocket once their current deal comes to an end. (more…)
A five year fix could work out cheaper than a two year one
Thursday, April 10th, 2008Fixed rate mortgages for short periods have become popular in the UK over recent years. The Chancellor of the Exchequer, Alistair Darling, is pushing for consumers to consider very long term fixed rate deals, such as those for 20 and 25 years in order to increase security and peace of mind. However, lenders have stated that most consumers in the UK do not want to tie themselves into a fixed rate for such a long period, and prefer the more traditional two and three year fixed rate terms. (more…)
Can Long Fixed Rate Mortgages Stabilise Mortgage Market?
Tuesday, March 25th, 2008Since he came into office as Chancellor of the Exchequer, Alistair Darling has spoken very highly of long term fixed rate mortgages, and has made it quite clear that he believes that this is the way forward for the UK in order to try and bring stability to the housing and mortgage market, and increase security for homeowners. (more…)
Darling addresses long term fixed rate mortgages in budget
Tuesday, March 18th, 2008As promised one of the issues that Chancellor of the Exchequer, Alistair Darling, addressed in his first budget recently was the importance of longer term fixed rate mortgages, which he claims will increase stability in the housing and mortgage sector, and will enable homeowners to enjoy increased security and peace of mind as a result of stable interest rates and repayments through most of all of their mortgage term. (more…)
Fixed Rate or Variable Rate Mortgage
Wednesday, February 27th, 2008When you are looking to take out a mortgage you have to decide what sort of mortgage is going to best suit your needs. There are two types of mortgage that often prove popular amongst property purchasers, and these are variable rate and fixed rate mortgages. There are pros and cons to be considered for both of these mortgage types, and it is important to compare the pros and cons in order to determine which of these mortgage products are likely to prove suitable for your needs. (more…)
Choosing The Right Mortgage
Friday, March 16th, 2007The market is flooded with different types of mortgages, but how do you know which one is right for you? The decision has to be yours, whether you take advice from an Independent Financial Advisor or do your own research. (more…)
Fixed Rate Mortgages
Friday, March 16th, 2007What are the benefits of a fixed rate mortgage? Which lenders are offering which products and how do they compare? (more…)
Mortgages – Online Mortgage and Remortgages
Friday, March 16th, 2007With the price of property ever increasing and no sign of the long awaited bursting bubble of the housing market, we ask what can young first time buyers do to gain their freedom and set up a home of their own in such an expensive arena and what is a mortgage anyway? (more…)
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