10 Fixed mortgage rates. Good idea or not?
May 22, 2015 by David Sellar in category Mortgage NewsWoolwich recently launched a 10 year fixed rate at less than 3%. Should you be fixing your mortgage for the next decade? The question being asked-is it a good idea to lock yourself into a loan for such a sustained period? Or would you be better off switching to a shorter-term deal? Knowing how much […]
0 0 Read moreREMORTGAGES BEGINNING TO GAIN MOMENTUM
May 20, 2015 by David Sellar in category Mortgage NewsAs the number of loans advanced to borrowers increased year-on-year for the first time in 11 months, so the remortgage market slump showed signs of ending in March There were 26,600 loans to remortgage borrowers in March, according to the Council of Mortgage Lenders, up 6 per cent on March 2014’s 25,200. Since April 2014, […]
0 0 Read moreNEW INTEREST ONLY CRITERIA FROM LEEDS BUILDING SOCIETY
May 19, 2015 by David Sellar in category Mortgage NewsIn order to give borrowers more flexibility when repaying their mortgage, Leeds Building Society has changed its interest-only lending criteria. Similar to that offered by Santander they have introduced part and part interest-only mortgages available up to 75% LTV, with a maximum of 50% on an interest-only basis and the remainder on a capital and […]
0 0 Read moreLending at high loan to value increases by 7%
May 15, 2015 by David Sellar in category Mortgage NewsAccording to E.surv, the number of loans to borrowers with small deposits grew 7.3 per cent year-on-year in April. p from around 9,400 a year earlier,Lenders advanced 10,112 loans to borrowers with a fifteen per cent per cent deposit or less last month At 62,035 from 63,236 the previous April, there were one point nine […]
0 0 Read moreREMORTGAGES SET TO INCREASE
May 14, 2015 by David Sellar in category Mortgage NewsAccording to Nottingham Building Society remortgages are set to increase over the next 6 months with borrowers hoping to save up to £100 by remortgaging to a cheaper deal. With five-year fixed rates the most popular choice for those switching deals, the Society found up to one in six homeowners are considering remortgaging over the […]
0 0 Read moreWILL MORTGAGE RATES GO DOWN EVEN FURTHER?
May 13, 2015 by David Sellar in category Mortgage NewsOff the back of the victory by the Conservatives at the polls there is a possibility that mortgage rates could be set to dip even further. Although at record low levels the austere fiscal policy planned by the new Government could see rates dip even further If this policy is put firmly into place then […]
0 0 Read moreCASH BACK OF £500 BEING OFFER TO FIRST TIME BUYERS
May 13, 2015 by David Sellar in category Mortgage NewsOn selected deals Nationwide is to give £500 cashback on all first-time buyer mortgages. In cases before this was only offered where there was otherwise a Nationwide mortgage deal with a £999 fee. But the new change deal means that the cashback will be on offer on all first-time buyer products.
0 0 Read moreDavid Cameron’s Mortgage Pledge
March 25, 2015 by admin in category Mortgage NewsYesterday the Prime Minister David Cameron promised that if the Conservatives win power in the general election, they would maintain low interest rates The low interest rates currently was a product of the Government's handling of the economy and would continue if their election victory was forthcoming The Government he said had set in place [...]
0 0 Read moreSTEEP RISE IN REMORTGAGE APPLICATIONS
February 24, 2015 by admin in category Mortgage NewsAccording to Mortgage Advice Bureau remortgages were up 24% in January and 17% year-on-year. Lower rates and increased equity resulted in lower mortgage payments Remortgage applicants are now enjoying lower loan to value deals with the average remortgage LTV at 54.9% Average mortgage rate have continued to fall across the board in January for a […]
0 0 Read moreMortgage income cap thoughts
February 24, 2015 by admin in category Mortgage NewsIn a poll organised by Mortgage Solution 55% of those who replied did not think that lenders would place a blanket cap on loan to income Over the last few months Barclays and Santander have introduced or extended LTI caps on some or all of their mortgage products. It was last year when the Bank […]
0 1 Read more