Archive for September, 2008
Monday, September 29th, 2008
Administration is a big factor when waiting until the last minute to get the best remortgage rate on your property.
Borrowers are tempted to wait until the last minute to hold out for the best rates when remortgaging, but could be stung by delays due to administration processing.
An expert at Savills Private Finance says this might [...]
Posted in Fixed Rate, Remortgages | No Comments »
Thursday, September 25th, 2008
Just over 5 million borrowers in the UK are in the dark about the interest they are paying on their mortgages.
According to Impartial.co.uk, 2.4 million people in the next six months are planning to remortgage with just under half of those people unsure of their remortgaging options.
Advice and comparisons on the best remortgage rates can [...]
Posted in Remortgages | No Comments »
Wednesday, September 24th, 2008
According to research by MoneyExpert.com, borrowers are now paying more for their mortgages than they did before Gordon Brown became prime minister.
The average rate of a three-year fixed mortgage has risen from 6.12% to 6.51% since Mr Brown has been PM.
The financial market has not been in a healthy state and banks have struggled in [...]
Posted in Fixed Rate | No Comments »
Tuesday, September 23rd, 2008
The housing market has been in steady decline in recent months with house prices falling and the recent economic climate being in disarray.
The British Bankers’ Association (BBA) calculated a record low of just 21,086 people taking out loans to buy property in August, less than two-thirds of the average for the past six months.
Remortgage figures [...]
Posted in Bad Credit | No Comments »
Tuesday, September 23rd, 2008
The crisis amongst Britain’s banks last week will cause a knock on effect for the cost of remortgages according to Savills Private Finance.
The city broker expects lenders to increase their rates in response to last week’s turmoil. For a remortgage on a typical £200,000 home loan the rates could rise as much as £600 a [...]
Posted in Remortgages | No Comments »
Sunday, September 7th, 2008
Remortgage Deals gives you access to the entire market to find the best remortgage whatever your circumstances. From adverse credit to self cert products, there’s something for everyone.
The benefits of remortgaging are many and various…
1) You can save yourself money each month by reducing the cost of repayments.
2) Your circumstances may have changed [...]
Posted in Bad Credit, Fixed Rate, Self Certification, Tracker | No Comments »
Sunday, September 7th, 2008
The Halifax has issued a stern caution to the national press to hold off the sensationalist reports regarding house prices, as reported in the national press last week.
Many publications - including The Sun, The Telegraph and The Times - have quoted single monthly figures to demonstrate the drop in property prices. However, Halifax insist that [...]
Posted in Remortgages, Uncategorized | 1 Comment »
Sunday, September 7th, 2008
News emerges that ‘brickor mortis’ is still paralysing the London property market, reports ThisIsMoney.co.uk.
With sellers holding out for the best deal and buyers struggling to get the right mortgage deal, some homes are staying on the market for more than three months.
Overall, the number of ’stale’ properties on the market in the capital [...]
Posted in Fixed Rate | No Comments »
Saturday, September 6th, 2008
People seeking the best remortgage deal could be in luck with the new range of mortgages from Leeds Building Society.
The new products include a free, in-house legal service for those wanting to remortgage. Those with only a small amount of equity available in their property will be reassured by the offers, which start at 5.95 [...]
Posted in Fixed Rate | No Comments »
Friday, September 5th, 2008
A rise in the number of bad credit or subprime mortgage arrears is on the rise in the wake of the credit crunch, reports MyFinance.co.uk.
While slipping behind in mortgage repayments is the norm for many with chequered credit histories, the freeze on the market has caused a multitude of extra problems.
Where previously many would have [...]
Posted in Bad Credit | No Comments »
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