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Remortgage Boom as Two Thirds Sit on Variable Rates

Created on 01 June 2014.

In the last six years interest rates have been at their lowest ever levels. We have seen clients enjoying rock bottom mortgage rates. Those sitting on standard variable rates (SVRs) have watched the Bank ...

UK economy grows 0.6 per cent in second quarter

Created on 25 July 2013.

It seems that the UK economy has grown by 0.6 per cent in the second quarter of the year compared to the first quarter as the recovery picks up pace which is great news.  After 0.3 per cent growth ...

Best Buy Tables Reveal Banks Reduce Fees to Compete with Lower Rates

Created on 03 March 2013.

The Co-operative Bank removed the £999 fee on its flagship 2.79% five-year fixed rate deal last week in a bid to undercut its rivals. HSBC have similarly attractive low fixed rates but they come with whopping ...

Remortgaging Has Favourable Conditions

Created on 22 February 2013.

A quarter of homeowners who remortgaged in January 2013 did so with the intention of using the money to clear debts or aid spending in other areas, according to a survey by the estate agents LMS.  ...

British Expat in South Asia

Created on 04 October 2017. Posted in Ask the Specialist

... mortgage on SVR. I am looking to remortgage my property on a buy-to-let product. I pay taxes and get paid in local currency in Pakistan. If there are any competitive remortgage deals available for British ...

Building Society Rates Lower Than Banks

Created on 16 February 2017. Posted in Live News

Competition is still fierce in the mortgage market, and with many high street banks claiming to launch the cheapest products ever on their records, many borrowers could assume that the mortgage rates from ...

Building Societies Offering Better Interest Rates Than Banks

Created on 23 June 2016. Posted in Live News

Many banks have taken advantage of the Government's Funding for Lending scheme to fund their mortgage books in recent years, and a lot of those still have a significant sum of cash left to use. Many ...

Bank of England's What would Brexit mean for mortgages?

Created on 03 March 2016. Posted in Live News

... economy and your own personal finances and mortgages. While we take no side on the crucial question, it is important to see the issue resolved quickly for mortgage holders. Last week, Prime Minister ...

Foreign currency ex pat mortgage rules from next month

Created on 11 February 2016. Posted in Live News

... the lender selects to distribute their products through) to provide much more information about the impact foreign exchange rates can have on mortgages when borrowers take out the loan. On the face of ...

Expats, Mortgages and Foreign Currency

Created on 07 October 2015. Posted in Live News

... Group and could prove devastating for expats earning their wages in foreign currencies. All banks are putting the blame on tough new EU mortgage rules set to come into force next April, particularly ...

Lenders free up lending to focus on safer interest-only loans

Created on 02 October 2015. Posted in Live News

We note the trend of lenders reducing the number of interest-only mortgage loans they have on their books. In 2012 lenders had 2.5 million mortgages that were interest-only but that figure dropped by ...

The return of bonus income mortgages?

Created on 30 September 2015. Posted in Live News

We are pleased to see the return of flexibility to mortgages after years of rigid processes after the financial crash. Since April last year, lenders have been dealing with the fallout from the biggest ...

Could interest rates be cut even further?

Created on 25 September 2015. Posted in Live News

... the Bank of England fears and it is fantastic news for mortgage borrowers. We are delighted to see mortgage rates at record lows and the idea they can become even lower is great news for homebuyers and ...

Getting a mortgage in the military

Created on 23 September 2015. Posted in Live News

We understand the difficulties in working in the military, often overseas and then trying to get a mortgage back home. The fact is that many lenders processes are not set up to deal with armed forces ...

How can I get a second home mortgage?

Created on 24 June 2015. Posted in Live News

... most people don’t realise that getting a second home mortgage is not the same and a much trickier process than your first. How to get a second home mortgage Owning a second home can be a great lifestyle ...

Nationwide axes foreign currency mortgages

Created on 25 May 2015. Posted in Live News

We are very concerned to learn that Nationwide Building Society is no longer offering new mortgage loans to individuals with income paid in foreign currency. The shift came into force on April 8 and ...

How the Budget can help you save for a mortgage

Created on 22 May 2015. Posted in Live News

... boost. Anyone who earned £1,000 interest on cash would have been taxed £200 before the Budget. We think that is positive news for mortgage holders who are looking to move up a rung on the housing ladder ...

Are 100% mortgages on the way back?

Created on 20 May 2015. Posted in Live News

We were delighted to see the back of 100% mortgage as a happy consequence of the financial crisis as lenders pulled back. Back in the heady days before 2007 there were hundreds of deals for 100 per cent ...

Will the Bank of England cut rates further?

Created on 18 May 2015. Posted in Live News

... a much-needed monetary stimulus. Those on tracker or standard variable rate mortgage deals saw their monthly costs collapse beyond their wildest dreams. Rates are set by the Bank of England’s nine-person ...

Inflation: What is it and what does it mean for my mortgage?

Created on 12 May 2015. Posted in Live News

... governor Mark Carney says he is considering a further rate cut beyond the rock bottom 0.5 per cent level currently enjoyed by mortgage borrowers. It raises the spectre that inflation – or deflation – ...