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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Latest Articles
Increasing your deposit can reduce interest rates
Posted on 19th March 2008
Increasing the deposit you put down when buying a new propoty can significantly reduce the interest rate you have to pay. First time buyers looking for their first mortgage could be looking...Continue Reading>>
Getting your mortgage sorted
Posted on 18th March, 2008
An Estimated 1.4 million homeowners will come of discounted or fixed rate mortgage deals this year, and almost will face higher charges. It pays to plan ahead in order... Continue Reading >>
Homeowners withdraw £49.7 billion
Posted on 15 Jul, 2007
Figures show that the amount of borrowing against the value of their property is rising, with the mortgage equity withdrawal totalling £49.7 billion in 2006. This figure is up from £36.6 billion in 2005. Many economists suggested that this rising mortgage equity withdrawal rate would increase consumer spending on the ....Continue Reading >>
Bank of England raises base rate to 5.75%
Posted on 08 Jul, 2007
As predicated the Bank of England’s Monetary Policy Committee voted to raise the Official bank rate to 5.75% which is an increase of 0.25%. This is the fifth rise in the cost of borrowing in the last eleven months, with the previous rate rise on the 10th May when it ....Continue Reading >>
Interest only mortgages grow in popularity
Posted on 07 Jul, 2007
The increases in interest rates over the past months are making more home buyers look around for cheaper mortgage deals. There are more and more people opting for interest only mortgages in an attempt to keep monthly payments as low as possible. As an example if you had a £100,000 ....Continue Reading >>
