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1) Choose The Right Mortgage For You
Author:
Daniel Collins
Category:
Home and Family
In recent times mortgages have been making headline news. There's more choice in the marketplace than ever before and lenders are launching new types of mortgages to suit the economic climate. Ensuring you get the right mortgage to suit your own circumstances can be confusing to say the least, particularly if you're looking to buy for the first time or maybe remortgaging after a number of years with one lender.
Group mortgages have only been around for a relatively short time but th...
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2) Mortgages still expensive, despite base rate cuts
Author:
Matthew Pressman
Category:
Finance
The recent Bank of England interest rate cut comes as cold comfort to millions of homeowners who saw their mortgage payments rise in the weeks before the reduction, as UK banks and building societies are struggling in the wake of the global credit crunch.
According to financial services experts recent interest rate reductions have not been passed onto customers because lenders need to increase their liquidity to stave off the effects of the credit squeeze. That strategy is forci...
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3) Mortgage lending for 2007 hit record levels
Author:
Adam Singleton
Category:
Finance
Despite trailing off towards the end of the year gross mortgage lending hit record levels during 2007, according to figures released by the Council of Mortgage Lenders (CML).
Although the organisation is warning that the market is weakening, it reported gross lending totalling £362billion in 2007. That was well above the anticipated final figure for the year, and five per cent higher than total lending for 2006.
But the CML warned that gross mortgage approvals dropp...
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4) Mortgages approvals down, again
Author:
Andrew Regan
Category:
Real Estate
Evidence that the housing market has significantly slowed during 2007 came with the news that the number of new mortgage approvals for December has fallen, making it the seventh consecutive month that the number of new loans approved has reduced.
The Bank of England recently released figures showing that the number of new home buyer UK mortgages approved during the month slipped to 73,000. Indeed, when you compare mortgages approved in December to the November total it represen...
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5) Mortgages less affordable than at any time in the last 15 years
Author:
Andrew Regan
Category:
Finance
Mortgages are getting less affordable, according to figures released by the Council of Mortgage Lenders, meaning that more people will struggle to keep up their repayments in the coming months.
Interest payments now account for the largest proportion of mortgage holders' incomes than at any time over the last 15 years, with first time buyers struggling most. Of their net monthly October income 20.6 per cent went on paying mortgage interest, a rise of 0.2 per cent in only a mont...
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6) Mortgages set to be even cheaper in the New Year
Author:
Andrew Regan
Category:
Finance
When interest rates were cut in early December all nine of the Monetary Policy Committee members voted for the cut and that unanimous vote has lead to analysts predicting another cut in early 2008. Welcome news indeed for anyone with a mortgage, as many lenders immediately announced a reduction in their interest rates following the MPC decision.
The Bank of England interest rate now stands at 5.5% following the quarter point cut, and December's meeting was the first time the nin...
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7) More buy-to-let landlords selling up
Author:
Andrew Regan
Category:
Finance
The number of residential landlords selling their properties is at a three year high, as many try to cash in their properties at the height of the market, according the Royal Institution of Chartered Surveyors.
Landlords are also deserting the market due to a significant drop in the yields on flats as that area of the market suffers from over-supply, concerns on interest rates, and restrictions on lending from cautious financial institutions. Despite the fact that capital gains...
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8) Want To Compare Mortgages Then Go With A Specialist Website
Author:
Jason Hulott
Category:
Finance
When it comes to taking out a mortgage if you want to get the best deal then it is essential that you get several quotes. One of the easiest ways to get quotes all in one place is to go with a specialist website and make a search with some of the top lenders. By doing so you can be sure that you have searched the whole of the marketplace and have got the best deal possible.When you wish to judge mortgages you not only have to contrast the rates of interest. There are other costs that...
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9) Compare Second Mortgages The Easy Way With A Specialist Website
Author:
Jason Hulott
Category:
Finance
A second mortgage is a type of mortgage that can be taken out on a property that has a mortgage already intact. This means that your home will be put up as security against the loan so if you should default against the repayments it can be repossessed. It is essential to compare mortgages to get the best deal and cheapest rates.You are able to take out a further mortgage for just about any reason. However as the loan is secured against your home you have to make sure the reason is wor...
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10) Some Of The Best Mortgage Deals Can Be Found Online
Author:
Jason Hulott
Category:
Finance
Forget about taking out a mortgage with the high street lender. A far better way to get the best mortgage deals is by going online with a specialist website. By doing so you will be able to compare mortgages from some of the top UK lenders so you can be sure you have the cheapest rates of interest.However there is more to the best mortgage deals than just comparing the rates of interest. There are many other factors that you have to take into account. There are various costs that can...
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11) Discount Mortgages Should be Compared Online with a Specialist Website
Author:
Jason Hulott
Category:
Finance
If you are looking for discount mortgages then you should compare them online. The cheapest rates of interest are imperative if you want to make the best savings and comparing them online is easy. You do have to consider more than just the rate of interest; you also have to compare the small print.There are different types of mortgage and this will be one of your first considerations. Two of the most popular types of mortgage are the fixed rate and the variable rate. The fixed rate mo...
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12) Mintel predict mortgages doom ahead
Author:
Paul McIndoe
Category:
Finance
According to market research company Mintel, as many as one in three people holding UK mortgages - almost 5.5million people - are facing the prospect of severe financial difficulties, all because of the sub-prime crisis in the USA.
Mintel says that it's not just those with poor credit records who are being assessed as 'risky', but those who move home regularly and the self-employed. After carrying out a thorough analysis of the nation's entire mortgage book they have concluded t...
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13) Buy-to-let mortgage market in trouble
Author:
Paul McIndoe
Category:
Finance
It is fair to say that the UK mortgages market is in turmoil at the moment, thanks to the double whammy of the global credit crisis and the domestic drama in the Northern Rock bank that almost caused its collapse. The latest sector to suffer is the buy-to-let mortgages market which appears to be entering a period of meltdown, which in turn could threaten the entire UK property market.
Paragon, one of the country's leading buy-to-let lenders, recently revealed that is unable to...
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14) Young investing in property - not pensions
Author:
Adam Singleton
Category:
Finance
Young people are not investing enough in pensions to ensure that they have enough income to see them through old age, according to a report from the International Longevity Centre. The think-tank's recent study highlighted the fact that the proportion of 25 to 34-year-olds putting funds into a pension dropped from 26 per cent in 1995 to only 13 per cent in 2005.
In the same period the average property value owned by the age group rose from £65,000 to £167,000, although their av...
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15) More women taking on two jobs to pay the mortgage
Author:
Paul McIndoe
Category:
Finance
Pay packets are failing to keep up with rising mortgage repayments, prompting an increase in the number of people pressured by circumstances to take on second jobs. It is estimated that over 1.1 million UK workers have two or more jobs; a rise of almost five per cent in the last two years. However that rise doesn't represent the true figure as the amount of two-job women has risen and the number of men doubling up in the workplace has actually dropped.
As real income has effecti...
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