For the inexperienced first time buyer, choosing the right mortgage can be a daunting task. It can be a scary though not knowing the processes involved in securing a mortgage let alone understanding if the one you may be offered is really the best one for you. When you know what to expect along the … Continue reading “Why First time buyers should use a Mortgage Broker”
Every day in the UK, there are people who begin to wonder if they can switch to another mortgage on their property. It’s common for people to consider an alternative home loan if the interest rate on their current one is far higher than it needs to be. However, many people consider switching their loans … Continue reading “Why Remortgage UK: Potential Reasons Why You Might Switch Home Loans”
Getting a home loan is hardly the easiest of processes you will ever go through. There are lots of steps to complete, paperwork to produce, and proof to be given that you can afford the loan you are applying for. When you consider all that, you may well wonder why you would ever apply for … Continue reading “Why Would You Remortgage a House?”
Yorkshire is a massive area comprising much of Northern England. Divided into four regions known locally as Ridings; the county is split into North Yorkshire, West Yorkshire, South Yorkshire and the East Riding of Yorkshire. The county has much to offer! Nicknamed Gods own county, Yorkshire is renowned for its stunning scenery and lush unspoilt … Continue reading “Why You Should Buy a House in Yorkshire”
After weeks of campaigning, the residents of the United Kingdom finally had a chance to have their say. People went to the polls on Thursday 23rd June and voted to leave the European Union. The result came as a shock to many, especially those who seemed convinced that Project Fear would ultimately win. There are … Continue reading “Will Brexit Trigger Even Lower Mortgage Rates?”
There was talk it was going to happen, and last week we finally saw something we never dreamed would actually take place. The Bank of England has slashed the base rate from the historic low of 0.5% (reached in March 2009) to just 0.25%. This reaches a new low that many will never have seen … Continue reading “Will Interest Rate Cut Lead to Cheaper Mortgage Payments?”
Whichever way you voted in the referendum on whether to stay or leave the European Union, you are probably aware of the current situation. There is ongoing uncertainty surrounding the task of thrashing out a deal with the EU. One minute we seem to be close to a deal, the next… everything seems far more … Continue reading “Will Mortgages Be Affected by Brexit: Information about Leaving the EU”
2014 was the year we saw the Mortgage Market Review regulation (MMR) come into force in the UK. It led to vast changes in the way mortgage applicants were considered for a loan. Now the market is on the verge of another major change. This is due to the European Mortgage Credit Directive, otherwise referred … Continue reading “Will New EU Rules Hit UK Mortgage Lending?”
Woolwich has launched a new product to assist first time buyers in getting onto the property ladder and has announced changes to its product criteria with effect 18th June 2012 The new First Time Buyer Mortgage Product The lender has launched a new product call Helpful Start which is aimed at first time buyers who … Continue reading “Woolwich launches an innovative new product aimed at First Time Buyers”
The ongoing trend towards greater competition in the buy-to-let mortgage market stepped up a notch today, when the Yorkshire Building Society said that it will be loosening its lending criteria for such deals offered to borrowers in England and Wales. It was last August that the building society first started offering buy-to-let mortgages, via its … Continue reading “Yorkshire Softens Buy-To-Let Mortgage Criteria”