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Archive for the 'Mortgage' Category

House repossession

House repossession

The one thing no one wants to hear is house repossession in there neighborhood. Its bad for so many reasons. How good it is to read that house repossession is at its lowest for 4 years. The Council of Mortgage Lenders (CML) recently showed the dramatic drop. A recent CML report showed the number of repossessions by mortgage lenders ...

posted by Zanet in Borrowing,Lending,Mortgage,Property,Recession and have No Comments

Chelsea building society fixed rate savings

chelsea building society fixed rate savings

Chelsea Building Society fixed rate savings could spark another price war for mortgage offers. Chelsea Building Society is offering a five-year, fix-rate deal at an all-time low rate of 3.19 per cent. The offer, which massively undercuts competitors in the five-year market, is available to borrowers below 70 per cent loan-to-value (LTV) with the arrangement fee of £1,495. "The ...

posted by Zanet in Borrowing,Lending,Mortgage and have No Comments

Affordable Mortgages

14 year high for Affordable Mortgages in UK

Affordable mortgages aren't a thing of the past. According to the Telegraph today, Mortgages are at their most affordable for 14 years. The claim is based on the average mortgage payments for new borrowers, first-time buyers and home movers. The Telegraph speak of only 27% of disposable earnings needed for mortgages in the fourth quarter of ...

posted by Zanet in Borrowing,Lending,Mortgage,Recession and have No Comments

Phil and Kirsty – Location

Phil and Kirsty

Don't you just love Phil and Kirsty, and there back again for another new series. Catch the new series of Location, Location, Location on Wednesdays at 8pm on Channel 4. Phil and Kirsty, like a favourite Aunty and Uncle they almost row in front of the nation on the great show Property experts Phil Spencer and Kirsty Allsop were asked for advice ...

posted by Zanet in Buying,Guide,Mortgage,Overview,Property,Recession,Relocation,Rental,Renting,Selling and have Comments (9)

End stamp duty holiday looms

Stamp Duty Exemption

It's noteworthy that the end of the stamp duty holiday looms for first-time buyers with just 5 months to go, sellers with homes worth £250,000 or less should acknowledge call to action First-time buyers should be aware that the 25th October marks just five months to go until the stamp duty holiday ends. Under current arrangements, first-time ...

posted by Zanet in Estate Agents,For Sale,Lending,Mortgage,Stamp Duty and have No Comments

Mortgage rates may rise from eurozone crisis

Mortgage rates may rise from eurozone crisis

It seems that the low mortgage rates may change. After 3 years of low mortgage rates, analysts are reporting they may rise due to the so-called eurozone crisis, which has seen protests and unrest in recent months.  Yet the Bank of England is planning another reduction! Bank of England The changes may occur with Banks offering incredible ...

posted by Zanet in Borrowing,Lending,Mortgage and have No Comments

Mortgage for 10 year fixed

Mortgage for 10 year fixed

Is it a good idea to fix your mortgage for 10 years? The question is currently being asked, as home owners are now being offered this opportunity. I've not been aware until now that you could fix your mortgage payments for 10 years, but currently six lenders are offering such. Normally a 5 year fixed is ...

posted by Zanet in Borrowing,Lending,Mortgage and have No Comments

No deposit mortgage is back

first-time-buyers-mortgage

Oh dear, it seems 100 per cent mortgages are back!. Relatively new bank Aldermore which was set up at the start of the credit crunch is making headlines with its new offer of  5% savings and no deposit mortgages. Bringing back 100%  loans for first-time buyers to get on the housing ladder without saving a penny ...

posted by Zanet in Borrowing,Mortgage and have Comments (2)

Home Ownership down – Cost of Buying Up

Home Ownership down

The big news after the Bank Holiday weekend is based on the recent report from the National Housing Federation regarding Home Ownership going down, while the cost of renting and Buying continues to spiral out of control. They predict the number of home owners will drop to just 64% as house prices soar, compared to 73% in ...

posted by Zanet in Buying,Home,Lending,Mortgage,Property,Recession,Renting and have No Comments

Santander Customer Service

Santander Customer Service

Does Santander deserve a second chance? Simon Read from the Independent believes so, as his article this week reasons the Spanish-owned company has good reasons why it's failed and will turn things around in the coming months. A response too late for many customers who have overwhelmingly rated the Spanish giant bottom in a customer service ...

posted by Zanet in Borrowing,Lending,Mortgage,Recession and have No Comments