Many people want to know what kind of home loan they can get for a certain figure per month. This figure is typically the maximum they can pay for a loan to help them buy a property. For example, someone may have worked out they can pay up to £1,000 per month as a repayment … Continue reading “What Mortgage Can I Get for £1,000 a Month? Crunching the Numbers”

Investment and insurance provider Legal & General published its 10-point “Mortgage Manifesto” this week. In it, Legal & General detail 10 ways the government, lenders, mortgage brokers, and borrowers themselves can act to help buck up the mortgage market this year. Here, we break down these 10 ideas to see how they could improve the … Continue reading “10 Ways in Which We Can All Help the UK Mortgage Market”

Now we are into 2015 many homeowners will be nervously considering how much longer their mortgage payments will stay as they are. Many experts were warning that the superbly-low interest rates that have been in force for some time were approaching the end of this honeymoon period. As a consequence it was mooted that interest … Continue reading “10-Year Mortgage Rates Launched in New UK Mortgage Price War”

New research by Leeds Building Society shows £16 billion-worth of interest-only mortgages will mature this year. This sum is covered by almost 136,000 mortgages of this type. Meanwhile, more than £50 billion is due to be cleared by interest-only mortgage holders by 2020. According to the research, there are around 1.6 million mortgages of this … Continue reading “£16 Billion in Interest-Only Mortgages Set to Mature in 2017”

The Help to Buy scheme launched by the government has never been far from the news since its inception. Now official figures have revealed encouraging results over the first nine months the scheme has been in operation. More than 17,000 properties have been bought with the help of the scheme during this period. In addition … Continue reading “17,000 Property Purchases Completed Under Help to Buy Scheme”

There have been signs for a while indicating the housing market has been picking up. The final month of 2013 certainly bore this out as the latest figures reveal more people had their mortgage applications reviewed that month than they had since the recession began back in 2007. A total of 46,521 mortgage applications were … Continue reading “2013 Ends on a High Note for the Housing Market”