‘Mortgages & Property’ Category
Posted in Banking, General, Mortgages & Property on Friday, March 5th, 2010 at 13:24 by Martyn Shaw.
Figures released by Halifax indicate that house prices dropped slightly during February 2010, effectively confirming figures recently released by Nationwide. Two of the primary reasons cited for the slight drop in price are the end of the stamp duty holiday for homes within a certain price range, and the fact that more homeowners are placing their homes on the market, after pulling them from active sale during the recession. While predictions of what will happen with housing prices over the next few months vary, the fact is that now may be a good time to begin looking.
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Posted in General, Money Saving, Mortgages & Property, Utilities on Wednesday, March 3rd, 2010 at 11:35 by Martyn Shaw.
The potential plans of the government to offer green loans that encourage homeowners to make their homes more energy efficient has a lot of people talking. Proponents see this move as a wonderful way to do something good for the environment, while also aiding people in reducing their gas and electricity bills over the long term. Others are not so sure the advantages outweigh the liabilities.
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Posted in Banking, General, Money Saving, Mortgages & Property on Monday, March 1st, 2010 at 13:33 by Martyn Shaw.
It’s no secret that in order to get the most competitive interest rates on a new mortgage, borrowers must be able to put up a sizeable deposit. Unfortunately, coming up with that deposit can be a daunting task. Here are some tips on how to incrementally cobble together that deposit, and obtain the most favourable terms for your mortgage.
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Posted in Banking, Credit Crunch, General, Money Saving, Mortgages & Property on Thursday, February 25th, 2010 at 09:58 by Martyn Shaw.
While overdraft cover is a great option to have in the event of an emergency, the fact is that even the relatively inexpensive overdraft protection can be quite expensive if you spend an entire year living in the red. Your best option is to arrange your finances so that you never have to use the protection, and thus avoid accumulating the fees.
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Posted in General, Mortgages & Property on Friday, February 19th, 2010 at 11:00 by Martyn Shaw.
The Council of Mortgage Lenders has determined that January 2010 saw the most substantial drop in mortgage lending since February 2000. While a decrease was anticipated as part of the after-holiday lull, the dramatic nature of the decrease has some consumers worried about having trouble obtaining a first mortgage or successfully refinancing an existing one. Fortunately, there is still a significant amount of competition between lenders, even as some of the better deals are no longer available.
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Posted in General, Mortgages & Property on Friday, February 12th, 2010 at 14:58 by Jessica Haynes.
If you were not able to qualify for a mortgage last year, now may be a good time to try again. As lenders compete for new business, some are lowering rates, decreasing deposit requirements, and in general making it easier for people to finance a new home.
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Posted in General, Mortgages & Property on Wednesday, February 10th, 2010 at 12:22 by Martyn Shaw.
Prospective homebuyers should know that since the beginning of the year, two important events have occurred with mortgage offerings. First, the rates on some types of mortgages have declined. Second, a number of lenders have introduced new mortgage plans as a way of competing for your business.
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Posted in General, Money Saving, Mortgages & Property on Monday, January 25th, 2010 at 12:15 by Jessica Haynes.
The battle between fixed and variable rate mortgages continues to rage, with proponents of each approach presenting some good reasons why their type of mortgage is the best option. However, recent reports that indicate that inflation is beginning to rise, and that interest rates are about to move upward significantly, may give homeowners good reason to take a second look at those variable rate mortgages and consider the possibility of switching to a fixed rate.
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Posted in General, Mortgages & Property on Friday, January 15th, 2010 at 12:17 by Jessica Haynes.
According to the Council of Mortgage Lenders, the New Year has brought some wonderful news for anyone interested in buying a new home: mortgages are costing less to service than they have in five years. Currently, the average homeowner is spending 12% of gross income to manage mortgage payments.
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Posted in General, Money Saving, Mortgages & Property on Tuesday, January 5th, 2010 at 11:34 by Martyn Shaw.
According to figures released by the Bank of England, mortgage lending has continued to increase, with November 2009 marking the point where the amount of mortgage lending doubled over the previous period. This occurs even as households continue to retire unsecured debt as part of their recovery from the ill effects of the recession.
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