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Remortgages rise 17% in April as Borrowers Look for Savings

Created on 28 May 2013.

The number of remortgages increased by 17 per cent in April showing that more borrowers are looking to get a better deal.The LMS remortgage report shows remortgaging rose from £2.9bn in March to £3.3bn ...

Foreign currency ex pat mortgage rules from next month

Created on 11 February 2016. Posted in Live News

... Expats disenfranchised from the majority of mortgage lenders because they live outside of the UK. It has proven a big concern for many clients and we are monitoring the market closely to see who still ...

Getting a mortgage in the military

Created on 23 September 2015. Posted in Live News

... is still possible to get a mortgage in the military with some lenders creating special rules for those in the Royal Navy, air force or army. The biggest obstacle is that many armed forces have no fixed ...

The shifting rules of buy to let

Created on 18 August 2015. Posted in Live News

... to the biggest upheaval in British mortgage regulation last April with far more prescriptive rules on affordability assessments and income verification. Buy-to-let loans rely on rental income not incomes ...

What happens to my mortgage when I get divorced?

Created on 24 June 2015. Posted in Live News

  The two biggest reasons that people are cannot afford to pay their mortgage are unemployment and divorce.   Losing your job is an obvious one. If you stop getting the monthly salary that ...

How the Budget can help you save for a mortgage

Created on 22 May 2015. Posted in Live News

... in the 20p income tax bond – up to £41,000 a year income – will be able to earn £1,000 in interest on their cash savings tax-free. It is a variation on the tax-free savings wrapper under Isas and a big ...

Millions Overpaying on Mortgages -The Cost of Complacency?

Created on 01 February 2015. Posted in Live News

... seek to ascertain, as the more customers on these higher rates, the more a Bank earns and the higher their profit margin. Some ofhe big 6 Utility providers now make contact with customers advising them ...

The challenges on taking out a UK mortgage as an expat

Created on 20 January 2015. Posted in Live News

... you take wages in one currency but pay your mortgage with another then you are taking chances with currency fluctuations on your biggest monthly outlay. This could be a sensible investment decision if ...

Carney pushes rate rise back to 2015

Created on 15 August 2014. Posted in Live News

... this week, Carney says there are still big obstacles to rising rates. Chiefly wages dropped 0.2 percent year on year in April. Carney believes this shows falling unemployment is being paid for with ...

Tough New Mortgage Rules - What Will It Mean For You?

Created on 29 March 2014. Posted in Live News

... exaggerated their incomes to get bigger loans. It led to some risky lending and we supported the FCA in outlawing these. We were openly criticised by IFA's and Brokers in the trade press for daring to ...

What would an Independent Scotland Mean for Mortgages?

Created on 17 February 2014. Posted in Live News

... rates? As well as the pound the currency would also have a big impact on who sets interest rates. The SNP want the Bank of England to keep setting rates for both Scotland and the rest of the UK with ...

The Big Mortgage Question - Is it Time to Fix?

Created on 26 January 2014. Posted in Live News

... variable on your mortgage is one of the biggest – probably the biggest – financial decision you will make. The interest rate landscape is confused at the moment. The Bank of England is cooling talk ...

Half of Central London Property Buyers From Abroad

Created on 02 November 2013. Posted in Live News

... From January, the Government will guarantee 95% mortgages for homes less than £600,000 despite figures such as Business Secretary Vince Cable questioning the scheme. The biggest regional proof of unmortgaged ...

Mortgage lending rockets 26 per cent in June

Created on 28 July 2013. Posted in Live News

... rates flooding the market it represents the biggest boost to UK housing since the banking crisis. CML chief economist Bob Pannell says: “Improvements in the cost and availability of mortgage credit are ...

99.5% of Consumers Don't Undertsand Mortgages - Which?

Created on 21 June 2013. Posted in Live News

... means lenders should be more transparent about the full costs. Advice Buying a mortgage is the biggest financial commitments anyone will make in their lives so it is important to get it right. In ...

Remortgages hit highest levels this year in April

Created on 14 June 2013. Posted in Live News

... on monthly payments. FTB growth Total mortgage lending also saw a 4.3 per cent boost with the best April since 2008 as CML statistics show lending grow from £11.6bn to £12.1bn in April. The other big ...

Mortgage Availability Rockets 34%

Created on 29 May 2013. Posted in Live News

... is the clearest sign yet that the mortgage market is beginning to heal. Big deals For large mortgage loans there is a better market on offer and more savings to be made as choice widens. Speaking to ...

Remortgages rise 17% in April as Borrowers Look for Savings

Created on 28 May 2013. Posted in Live News

... a deal that is 0.5 per cent lower than your current loan with a big mortgages broker could end up saving up thousands of pounds more in the long run. The short-term deterrent of fees may be a small ...

Govt's Help to Buy scheme can help with large mortgages too

Created on 26 May 2013. Posted in Live News

... help first-time buyers and home movers with £130bn worth of loans over three years meaning huge swathes of people will benefit including those looking for big mortgage loans. House prices The Help ...

40% of Landlords Increase Rents

Created on 22 May 2013. Posted in Live News

... a growing demand for big buy-to-let mortgages. The average house price in the capital has just sailed passed the £500,000 mark and with rents rising even more quickly it could be a good bet. Half ...