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”

After the Brexit vote came in towards the end of June, everyone has been watching and waiting to see what the immediate effects might be. One area of particular interest has been the base rate the rate that directly affects the interest rates applied to mortgages, not to mention bank and savings accounts too. Last … Continue reading “Rise or Fall: Where Are the Mortgage Rates Heading Next?”

Data gleaned from the latest Halifax Housing Market Confidence Tracker makes for interesting reading. Most surprisingly, less than a third of people currently meeting mortgage payments are worried about the potential for future rises in interest rates. The data reveals just 29% of participating mortgage holders aged 16 and over are concerned about this factor. … Continue reading “Rising Interest Rates Not a Concern for Majority of Homeowners”

Spanish banking giant Santander became the first major high street bank operating in the UK to demand a 50 per cent deposit from homeowners looking for an interest-only mortgage. This means that anyone applying for such a mortgage will need to put up 50 per cent equity in their property before their application is considered. … Continue reading “Santander Demands 50 per cent Equity for Interest-Only Mortgages”

Mortgage lending has been strong at Santander lately, and this in turn has led to an increase of 13% with regard to their UK profits. The boost saw their profits increase to £532 million across the first three months of the year. While Santander is not among the so-called Big Four high street banks, it … Continue reading “Santander Sees Profits Soar Thanks to UK Mortgage Lending Rise”

An increase in remortgages offset an overall drop last year in the number of mortgages agreed in Scotland, new figures published by the Council of Mortgage Lenders (CML) Scotland. There was a 7 per cent fall in the number of Scottish mortgages agreed, with 44,500 being completed in 2011, the CML said, although there was … Continue reading “Scottish Mortgages Fall in 2011 Although Remortgages Increase”