‘Mortgages’ News
Lenders Continue to Cut Rates for Consumers
Posted 2007-12-19
In response to the Bank of England’s decision to cut the interest rate on December 6th, thirty-one lenders have reduced their standard variable rates, according to Moneyfacts.co.uk, a financial comparison website. Moneyfacts found that of the thirty-one, six lenders reduced...
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Landlords Sitting (Relatively) Pretty
Posted 2007-12-19
If you’re a landlord, you’re most likely quite content with the financial situation right now, at least in terms of renting out your property. A combination of factors, such as a slowing market and lack of incentives to buy, has...
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2008 Looks Promising for Landlords
Posted 2007-12-18
Alliance & Leicester Mortgages released their findings from a new study of the buy-to-let market. Londoners will be quite happy to learn that the study expects London to be the most popular region for property investments in 2008; Scotland and...
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Exiting Can be Tougher Than Entering
Posted 2007-12-17
When purchasing or refinancing a home, the fees you must pay can seem endless and lack clear reason. One of these fees in particular has a reputation for being unexpected and hidden. Most mortgage customers are surprised to find themselves...
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Value of Tracker Mortgage Expounded
Posted 2007-12-17
Looking to purchase or refinance a house? Mortgage broker John Charcol has some words of wisdom. Resulting from the meagre numbers of lending companies who reduced their mortgage rates to reflect the Bank of England’s rate cut, John Charcol has...
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Looking for a Loan or Mortgage? Act now
Posted 2007-11-30
If you are looking to do anything at all with a current mortgage, or secure a new mortgage, you are advised to act as soon as possible. As a result of the current credit crisis, loans and mortgages are more difficult to obtain. In addition, long wait times for updates and new application reviews are impacting customers. Also impacting the situation is the fact that one in ten lenders has removed itself from the market; Hanley Economic Building Society and Eskimo Loans are the two most recent to pull their personal loans. Moneyfacts.co.uk personal finance analyst, Esther James explained that the combination of increasing rates, more cautious lenders, an impending payment protection insurance decision, and reduction in lender choices is creating an unsettled market. “The credit crunch is showing its strength in the personal loan market,” Ms. James stated. Ms. James agreed that consumers looking for a loan should act quickly, as “the 2008 loan market could look very different.” ...