Mortgages
Finding the right mortgage is a very important financial decision! The range of UK mortgages has increased dramatically over the past few years. Although this increase in mortgage types has added complexity, it has also introduced fierce competition, which has in turn resulted in the availability of some very attractive mortgage products for you the customer.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Latest Mortgage News
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....
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....
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....
City watchdog may punish five mortgage intermediaries
Posted on 06 Jul, 2007
City watchdog the (FSA) has been investigating the sub prime mortgage sector also called impaired credit mortgages or bad credit mortgages. The FSA have been investigating this sector for six months, and have admitted that it was surprised at the number of errors uncovered, made by both mortgage brokers and....
Remortgaging up by 7.19% last year
Posted on 04 Jul, 2007
Figures have shown a large rise of 7.19% in remortgages taken out last year. This has come as a surprise to many with the interest rate rises making it more expensive to remortgage. This increase is in part by people coming to the end of introductory deals, and borrowers looking....
