2009 will be a tough year for us all. The latest figures suggest that as many as 75,000 Britons will face repossession, that’s a 67% increase on the number of repossessions taking place this year. The number of people falling into mortgage arrears is expected to reach around half a million.
The number of repossessions expected [...]
In parliament yesterday Alistair Darling announced some changes that were aimed at stimulating lending back to the levels we saw in 2007. Despite the £37 billion Government bailout, that occurred during October, lending remains at a third of the levels seen in the previous year. The interest rate cuts announced on the 5th December 2008 [...]
During November we saw the lowest volume of houses sold for 30 years marking the fact Britain is now in deep recession.
The squeeze on lending coupled with falling house prices, low confidence and uncertainty in the employment market is causing the lack of property sales.
Falling property prices are great for first-time buyers and investors that [...]
HSBC Holdings has revealed that it will increase lending to UK homeowners by 18% in 2009. This will be a welcomed announcement by the Government who are putting banks under pressure to boost lending.
HSBC have £15 billion in the pot to lend to UK mortgage seekers in 2009, this is up on the £12.8 billion [...]
People who are on tracker mortgages, which track the Bank of England base rate, should be reaping the benefits of the new 2% interest rate. Those consumers who took a tracker mortgage could be seeing savings of 100s of pounds each month if the lenders pass on the impact of the cut.
Not all mortgage holders [...]
The Bank of England has once again cut interest rates in a hope to stimulate the property market, but it still may not be enough. The cut in interest rate was welcomed throughout the property industry but analysts believe this won’t be enough to stimulate the market.
The interest rate was cut by 1% making the [...]
Abbey one of the UK’s biggest mortgage lenders has raised the cost of borrowing just before the expected rate cut by the Bank of England on Thursday the 6th November. Abbey have increased the rate on tracker mortgages negating any benefit customers would have received from a 0.5% rate cut.
The prediction in rate cut is [...]
For those of you out there who think getting a mortgage is a scary thought, we have put together some info that is going to break down all this information to make it easier for you to digest. Buying a home for the first time is a daunting experience when it should be exciting. There [...]
In this article we introduce a couple of suggestions for when you are looking for a mortgage.
Before going to a broker or obtaining advice on mortgages make sure you do some research on the subject. These sites provide useful information moneysupermarket.com, moneyextra.com, moneynet.co.uk and of course this site.
When you are in front of an advisor [...]
Our mortgage calculator and loan calculator enables you to compare up to 3 deals simultaneously. Allowing you to easily compare the best mortgage rates and the best loan deals. Results are represented graphically to make it easy to see which is the best deal. In tough times like these it is essential that we find [...]