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MORTGAGE TRENDS

September 12, 2018 by in category Mortgage News

July 2018 was the strongest in homeowner remortgages in a decade. However, figures from the Bank of England released yesterday, however, show that remortgaging as a proportion of new lending fell by 2.0 per cent on a quarterly basis. With regard to first-time buyer activity, annual growth was up by 1 per cent, with 31,400 […]

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HISTORICAL INTEREST RATES

September 7, 2018 by in category Mortgage News

Historical interest rates Historical antecedents Interest rates were very stable in the UK during the 18th century, staying put at between 4 and 5 per cent. Moving into the 19th century, there was more volatility, with interest rates shifting between 4 and 10 per cent. The first half of the 20th century was a similar […]

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MORTGAGE TRACKER RATES BECOMING MORE POPULAR

July 5, 2018 by in category Mortgage News

According to the latest data by Experian, there has been a sharp increase in the number of consumers looking at tracker rate mortgages.. Experian’s credit search barometer shows almost half (46.8 per cent) of mortgage searches in MAY were for details of tracker rates and deals, according to their credit search barometer. This is significant […]

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Mortgage rates remaining stable

December 11, 2017 by in category Mortgage News

According to data from Moneyfacts, mortgage costs have hardly moved in the month since the Bank of England raised its base rate, and interest costs are almost exactly where they were 12 months ago, For the first time in more than a decade, in November from Mark Carney and his colleagues at the Bank hiked […]

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REMORTGAGE AND SAVE MONEY

December 7, 2017 by in category Mortgage News

According to analysis from Habito. if you remortgage today to a fixed rate product before December their monthly mortgage payment could effectively make Christmas day free for borrowers on a Standard Variable Rate (SVR), they have estimated that Christmas costs an average of £812 per family, and the average customer who carries out a remortgage […]

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BASE RATE RISE-MORTGAGES

December 6, 2017 by in category Mortgage News

The first base rate increase in 10 years. The Bank of England announced that it would be increasing the base rate to 0.5%, after a vote of 7-2 in favour of a rate rise. This decision follows much speculation amongst market commentators of a rate rise, after Mark Carney commented, in October, that the majority […]

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MORTGAGES INCOME SUPPORTED BTL FROM PRECISE

December 5, 2017 by in category Mortgage News

Income-supported buy-to-let mortgages and remortgages will be launched next week. This lets customers with excess income bridge the gap between the rent they need and the rent they would earn. The new product will be designed to let brokers help customers who would otherwise struggle with prime lenders’ lending policies for buy to let mortgages […]

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FIRST TIME BUYERS STAMP REFUNDS

December 5, 2017 by in category Mortgage News

FIRST TIME BUYERS For stamp duty costs that have been inadvertently paid on house purchases made since the Budget, HMRC has confirmed that first time buyers will be able reclaim this cost For the vast majority of first time buyers there had been concerns that those buying on the day of the Budget, or shortly […]

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SELF EMPLOYED MORTGAGES ON THE INCREASE

April 6, 2017 by in category Mortgage News

Since the 2007 credit crisis self employed borrowers have found it difficult, if not impossible, to secure a mortgage. However, demand for mortgages from the self-employed and contract workers is rocketing, outstripping growth from employees. And this is forcing lenders to lower borrowing barriers and embrace these applicants. Almost 20% of workers is either self-employed […]

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10 YEAR FIXED RATES

March 8, 2017 by in category Mortgage News

Three years ago, according to Moneyfacts, there were only eight 10-year fixed-rate home loans available, but now there are 124. The average 10-year mortgage rate has fallen by more than a percentage point over the same period, from 4.23pc in January 2014 to just 3.2pc today. Barclays charges slightly more at 2.59pc with a £999 […]

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