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Page 4 of 9

Santander's seven day mortgage deals point the way for brokers

Created on 13 March 2013.

At the end of February Santander launched two-year fixed rate mortgage at 2.49% that was only available for seven days. The deal was available at 75% loan to value ratio making it a cheap rate but it ...

Lenders Selling Repossessed Properties Cheaply

Created on 08 March 2013.

Since the start of the credit crunch four years ago, UK mortgage lenders have sold repossessed properties at an average discount of 23% compared with 13% prior to 2008. The analysis comes from Fitch ...

Tips To Secure A Mortgage

Created on 06 March 2013.

The UK mortgage market has gone through many setbacks over the past five years as banks and building societies try to heal the scars of the financial crisis. It has become firmly engrained in the public’s ...

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 ...

Bank of England's negative interest rates could see mortgage prices fall further

Created on 27 February 2013.

Just when it seemed that mortgage rates were as low as they can go the Bank of England is now considering negative interest rates. With the Government's funding for lending scheme rates have fallen through ...

Mortgage Strategy Wired Presents… Undeserved Borrowers

Created on 26 February 2013.

The tightening criterion for mortgage lenders following the publication of 2012’s Mortgage Market Review has certainly hit some applicants hard. In particular, these changes have affected the availability ...

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.  ...

New Build Supply Creates Trouble For Buyers

Created on 21 February 2013.

The number of new homes starting to be built in 2012 fell by 11%, compared to 2011. This comes from the findings of the property builders Barratt, who also claim that the number of new homes finished this ...

British Pensioners Unprepared

Created on 20 February 2013.

Pensioners in Britain are among the ‘worst in the world’ when it comes to preparing for retirement. A global survey by HSBC found that British would-be pensioners have only saved enough money to live comfortably ...

Mansion Tax Extension Debated

Created on 18 February 2013.

The Liberal Democrats are to consider the extension of their ‘mansion tax’ policy to include multiple properties. This could mean that those with second homes, holiday lets and buy-to-let properties may ...

Rates Are Down But Fees Are Up

Created on 18 February 2013.

Since June 2012, the mortgage market has seen a significant increase in fixed and tracker rate mortgage deals being offered, and at record low interest rates. However, according to the price comparison ...

Promising signs of recovery for mortgage market

Created on 16 February 2013.

January saw approvals for mortgages reach a four year high, according to research from e.surv. The Chartered Surveyors, put the rise down to a combination of falling mortgage rates, a wider range of mortgages ...

'Ticking Time Bomb' of Interest Only Loans

Created on 12 February 2013.

A high number of borrowers on interest only mortgages are in danger of being unable to pay off their remaining debt when their mortgage term ends. Recent findings by the market research consultancy company, ...

Banking To Be Made Easier

Created on 07 February 2013.

The Chancellor, George Osborne, has recently announced plans to make the housing market more competitive, and the banking system easier to manoeuvre. At the launch of the Organisation for Economic Co-operation ...

Housing Market Has New Lease on Life

Created on 06 February 2013.

The UK housing market appears to be gaining momentum as Halifax announced house prices have risen by 1.3% in January 2013 compared to January 2012. This is the first annual improvement in 27 months.

Pension Contributions Steady due to Rising Living Costs

Created on 05 February 2013.

The pensions and insurance advisory company, Friends Life, have revealed findings that nearly two in three would-be pensioners over the age of 50 have never increased the amount they contribute to their ...

Lenders Are Wrong Not To Allow Tenants Longer Tenancies

Created on 30 January 2013.

The Council of Mortgage Lenders have responded to Labour leader Ed Milliband's call for longer tenancy agreements by warning that such agreements could lead to a rise in rent arrears. They have indicated ...

Landlords Feeling Less 'Bullish' About 2013

Created on 25 January 2013.

Confidence in the 2013 buy-to-let market among landlords is apparently less ‘bullish’, according to a survey by Upad. This comes as the amount of landlords feeling optimistic about the private rental sector ...

Professional Mortgages Look Set To Rise

Created on 24 January 2013.

Interest on five year fixed rate mortgages are at a 6 year low since 2007, according to one Mortgage Advice Bureau. The average interest on a five year fixed deal is now 4.27%, down by 0.34% from the start ...

Falling Figures of Retirees with Mortgage Debt

Created on 23 January 2013.

Recent findings released by Prudential announced that 2013 will see 7% fewer retirees entering their post-employment years without the worry of owing money on mortgages, compared to 2012 levels. This came ...