Click below to apply for your Mortgage Application NOW!
Monthly Archives: January 2010
Skipton slaps extra £2,000 on mortgage bills
Tens of thousands of homeowners are facing an extra £2,000 interest on their mortgages every year after Skipton Building Society tore up its contract with customers, blaming the “exceptional circumstances” caused by the credit crunch. Letters are being sent … Continue reading
One in 10 landlords plan to purchase in Q1 2010
Paragon Mortgages’ Trends research reveals that 10% of landlords want to expand their portfolio in the first three months of 2010. Of those looking to purchase, terraced housing is by far the most popular choice of property. Nearly two thirds … Continue reading
Posted in Financial News, Mortgage News
Tagged Add new tag, Business, Buy to Let, Financial services, Mortgage, Property
Leave a comment
Mortgage war launched by foreign banks
Big foreign banks have sparked a mortgage price war which is squeezing interest rates and forcing home-grown lenders to revise their best deals at an ever-increasing rate. Spanish owned Santander, Dutch ING Direct and new face Bank of China … Continue reading
Posted in Mortgage Lenders
Tagged Add new tag, Bank of China, Financial services, Interest rate, Mortgage, Price war
1 Comment
Are interest rates on the way up?
Does yesterday’s news that inflation figures shot past the Bank of England’s 2% target mean that interest rates will go up? The rate of inflation rose from 1.9% in November to 2.9% in December 2009, surprising many economists who were … Continue reading
Posted in Financial News, Mortgage News
Tagged Add new tag, Bank of England, Business, Inflation, Interest rate, Monetary Policy Committee
Leave a comment
Demand for tracker deals plummets
Over 880,000 UK homeowners on tracker or fixed rate mortgages could be looking to remortgage in the next six months, according to Santander Mortgage’s Remo Index. This equates to some 4,848 potential remortgages each day over the next six months, … Continue reading
Posted in Financial News, Mortgage Lenders, Mortgage News
Tagged Add new tag, Bank of England, Base Rate, Business, Financial services, Mortgage
Leave a comment
Neutral interest rate ‘may be 2.5pc’
The ‘neutral’ level for UK interest rates may in future be 3pc or below – two percentage points lower than for the past decade, according to Morgan Stanley. In previous years economists and policy-makers assumed that when the Bank of … Continue reading
Posted in Financial News
Tagged Add new tag, Bank of England, Interest rate, Monetary Policy Committee, Morgan Stanley
Leave a comment
Property asking prices rise
The housing market has enjoyed an encouraging start to the new year, according to the latest research from Rightmove. Average asking prices increased by 1.2%, or £2,698, in the first week of the year alone, contributing to a 0.4% rise … Continue reading
Posted in Financial News, Mortgage Lenders
Tagged Business, Market, Mortgage, Rightmove, Sales
Leave a comment
House price hikes boosts hopes of a full recovery
Rocketing prices and cheaper mortgages are fuelling a January property bonanza. Confident sellers hiked up their asking prices by 1.2%, more than £2,600 on average, in just the first week of the year, according to research. The steep rise has … Continue reading
Posted in Financial News, Mortgage News
Tagged Add new tag, England and Wales, Financial services, Mortgage, Property
Leave a comment
Lucky homebuyers can save a fortune
Homebuyers looking for a low-cost short term fixed rate mortgage will find themselves in luck, with increased competition driving rates down. A number of providers have launched attractively priced mortgages in the past couple of weeks, suggesting January will see … Continue reading
Posted in Mortgage Lenders, Mortgage News
Tagged Add new tag, Bank of England, Financial services, Fixed rate mortgage, Mortgage
Leave a comment
Mortgage costs hit 5-year low
New fixed-rate and tracker-rate mortgages have become cheaper this week – with some rates falling by as much as 0.6 percentage points – as new figures show that homebuyers’ ability to repay has improved. According to the Council of … Continue reading
Posted in Uncategorized
Tagged Building society, Council of Mortgage Lenders, Financial services, Mortgage
Leave a comment
Justin Moy