With so many dark clouds over Britain’s economic skies, it is nice to hear something positive from the UK mortgage market. The most recent figures from the Council of Mortgage Lenders (CML) have revealed sharp increases in the sale of homes over the past few months, with the mortgage approval levels in January being the … Continue reading “Reasons to be Cheerful in the UK Mortgage Market”
Why a Quarter of All Home Buyers Are Refused a Mortgage and What to do if You’re One of Them! Applying for a mortgage is an exciting and potentially nerve-wrecking prospect. It might mean you are considering buying your first property, buying your next property or refinancing your current home. It is an important milestone … Continue reading “Why Mortgages Get Declined”
The Chelsea Building Society launched a new product this week which the lender boasts is its lowest ever priced five-year fixed-rate mortgage. If potential borrowers can find a 30 per cent deposit, then the Chelsea has a mortgage available of up to 70 per cent loan-to-value (LTV) with an interest rate of just 3.19 per … Continue reading “Record Low Mortgage Deal from the Chelsea Building Society”
If you read the papers or kept up with the news last month, you would have assumed nothing was happening apart from the lead-up to (and the fallout from) the UK Referendum. However, now we have the figures for mortgage lending for that same month, and it would appear there was a lot of activity … Continue reading “Referendum? What Referendum? Boom in Mortgage Lending in June”
Residential remortgages have proven marginally more popular at The Mortgage Broker Limited in the first eight months of 2017, according to new data released by the company. Remortgages accounted for 24.9% of total mortgages taken out over that period, while residential purchases were just behind on 24.5% of the total. Buy-to-let remortgages also proved to … Continue reading “Remortgages Pip Purchases to the Post at The Mortgage Broker Ltd”
New figures published this week show a spike in the number of homeowners seeking a remortgaging deal online and advisors are urging other mortgage-holders to follow suit. The data from unbiased.co.uk reveals that searches for a remortgage were at an all time high in March, with 37 per cent of all mortgage searches specifically concerning … Continue reading “Remortgaging Hits All-Time High as Borrowers Flee Higher Rates”
Given the super-low mortgage rates that have been the norm for some months now, it should come as no surprise to learn repossessions have come down as well. The first three months of the year saw 3,000 homes repossessed. This is according to data from The Council of Mortgage Lenders. However this came down considerably … Continue reading “Repossessions Are Now Lower Than Ever, Thanks to Low Mortgage Rates”
As we go through life, our goals and aspirations change. With each passing decade, we have different ideas about what we should aim for and aspire to. It should come as no surprise to learn our savings goals are likely to change too. A recent survey into the savings habits and goals of millennials, conducted … Continue reading “Research Reveals a House Deposit is Not Top of Millennials Lists”
If you are in retirement, dont despair as mortgages are still available to you with most mortgage lenders on a residential and buy to let basis subject to meeting the lenders criteria. Residential Retirement Mortgages The majority of mortgage lenders will lend up until the age of 75 and will take on the mortgage if … Continue reading “Retirement Mortgages”
Mortgages on retirement properties are available although only a select few lenders offer these types of mortgage deals due to the restrictive covenants placed on the property. Thankfully the lenders that do operate in this market place offer competitive mortgage deals that is at the same rate as their standard mortgage deals. If you are … Continue reading “Retirement Property Mortgage”