According to the Financial Conduct Authority, almost 20% of mortgage holders have an interest-only mortgage. Furthermore, around 85,000 interest-only mortgages will reach maturity this year. It is thought that over 11,000 of those mortgage holders will face problems when that time arrives. If they cannot find the funds to clear the mortgage, they could end … Continue reading “Over 11,000 Families on Interest-Only Mortgages at Risk of Losing Their Homes in 2018”

Platform has announced that it is reducing its rates on their 2 year fixed buy to let deals with effect this week. The lender has a range of Buy to let deals ranging from 60% loan to value (LTV) up to the 75% LTV level with the rates ranging from 3.69% – 4.69%. Platform is … Continue reading “Platform Reduces its Buy to Let Rates”

Are you looking to move home? Do you have an existing mortgage with Nationwide Building Society that you would like to move with you to your new property? If so, you have come to the right place. The Mortgage Broker Limited has the experience required to assist you with your requirements. What does it mean … Continue reading “Everything You Need to Easily Port a Nationwide Mortgage!”

It was predicted that mortgage approvals would see a rise after the election result was known, and this has indeed happened. The mortgage approvals agreed in May rose by approximately 4% compared to the same time a year ago. 2015 has turned out to be a good year in terms of mortgage approvals. Each month … Continue reading “Post-Election Surge in Home-Buying Sees Mortgage Approvals Rise”

In what must be seen as a significant influence on the UK mortgage market, the Post Office announced this week that it is cutting rates for its fixed-rate and tracker mortgages. The reduction of up to 1.01 per cent in the mortgage rates has catapulted many of the deals to the best-value charts. Perhaps the … Continue reading “Post Office Cuts Mortgage Rates”

The uncertainty witnessed in the run-up to the General Election led to significant changes on the UK mortgage front. Indeed, the latest figures showed a significant rise in the number of mortgage approvals granted in April this year. A total of 42,116 approvals were granted for house purchases that month. This was a rise of … Continue reading “Pre-Election Jump in Mortgage Approvals Leads to Encouraging Figures”

Can we predict what the next 12 months may bring for the mortgage market? Many experts have attempted to do this, but there is some disparity among their ideas. Even the quickest look at search engine results for news on house price and mortgage predictions for the New Year reveals a wide range of beliefs. … Continue reading “Predictions for the Mortgage and Housing Market in 2017”

ING Direct On the 9th November ING Direct will be reducing some rates on their fixed rate mortgage deals and their tracker deals. Aldemore Bank Aldemore bank has also recently reduced their rates on their core range of mortgage products. A niche bank that offers mortgages without credit scoring which means if you have recently … Continue reading “Product Changes Rates on the Way Down”

The latest property research from Zoopla has revealed some towns are doing better than others when it comes to property prices. Zoopla looked at the property values across the board over the first three months of 2018, and they have made for interesting reading. For while some towns have seen notable rises during that period, … Continue reading “The Top 5 towns for house price growth in 2018”

Article: Real Case Study (Ref- tmblwardapril2012-05-15) In todays mortgage market it is very rare to get a mortgage from application to offer within a couple of weeks, let alone a couple of days. However in the right circumstances The Mortgage Broker (St Neots) Ltd has shown that a mortgage offer can be produced in a … Continue reading “Quick Mortgage Offer 2 Days!”