According to recent figures that have been released by the Council of Mortgage Lenders the number of mortgage defaults in the UK has been rising, and have hit a twelve year high.
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According to recent figures that have been released by the Council of Mortgage Lenders the number of mortgage defaults in the UK has been rising, and have hit a twelve year high.
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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, home equity, quity release advisor, mortgagesIt 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, property prices, housing market, first time buyersBanks 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: housing market, mortgages, mortgage approvalsOne 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: endowments, endowm, mortgages, stock marketA 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: mortgages, mortgage applications, 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: retirement, housing market, mortgagesOfficials 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: property prices, housing market, mortgagesAccording 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: mortgages, mortgage applicationsThe 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 approvals, mortgage lendingMortgage 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: fixed rate mortgages, 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, mortgages, foreign mortgages, bank of china 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: loans, home loans, mortgagesIn 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: nationwide, mortgages, negative equity mortgagesIt 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: mortgages, loan rates, mortgage rates, loansEarlier this month a report was released that indicated that almost a quarter of all homeowners in the UK were unable to find a new home loan deal. (more…)
Tags: mortgages, homeownersIt was recently reported by the British Banker’s Association that the level of new home loans for the month of May jumped to its highest level in over a year. (more…)
Tags: mortgage approvals, British Bankers Association, home loans, mortgagesIt has been suggested that first time buyers could finally see some light at the end of the tunnel this summer, as there may be mortgages available that do not demand impossibly high deposits from borrowers. (more…)
Tags: first time buyers, mortgages, first time buyer mortgages125% mortgage. Just when most of us thought that we would never see figures even approaching 100% with regards to mortgages ever again, Nationwide appear to be thinking outside the box with this, distinctly against market trend, deal it’s offering to those trapped in the misery of negative equity. (more…)
Tags: 125% mortgages, mortgages, nationwideOver the past eight months a series of base rate cuts by the Bank of England have seen the base interest rate plummet to its lowest level in the three hundred and fifteen year history of the Bank of England, standing at just 0.5 percent. According to recent reports many industry experts are now expecting the base interest rate to remain at this historic low level well into the course of next year. (more…)
Tags: mortgages, base, interest ratesA recent survey has shown that many people believe that the ongoing recession in the UK is going to have an adverse effect on buy to let investors, with many expected to make significant losses on their property investments. (more…)
Tags: buy to let mortgages, mortgages, buy to letmThe number of mortgages available for first time buyers is dwindling according to a recent report, dealing yet another blow to the many first time buyers that are already struggling to get onto the market. (more…)
Tags: mortgages, first time buyersIt has been reported recently that some lenders in the UK could face questioning from MPs next month over two issues that have been at the forefront of the news for some time, and this includes the rising levels of repossessions in the UK and the plunging levels of home loans available to consumers. (more…)
Tags: mortgages, home loans, repossessionsAccording to a recent report a new scheme has been rolled out across Wiltshire to try and help the many struggling homeowners in the area that could be at risk of losing their homes through repossession. (more…)
Tags: wiltshire homeowners, homeowners, mortgagesMany 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…)
Tags: fixed rate mortgages, mortgages, housing marketSale and rent back schemes have been at the centre of controversy over the past couple of years. Since the onset of the global credit crunch, and with property prices falling, an increasing number of people have turned to these sale and rent back firms in order to avoid losing their homes altogether through repossession. (more…)
Tags: sell and rent back, mortgages, sale and rent back