Late last year we reported on the warnings that had been given for those who were looking to apply for a new mortgage. With interest rates at a historic low, many are concerned that people will apply for a mortgage now and not be able to afford their repayments once rates start to rise. The … Continue reading “Stress Test Guidelines to be Applied for New Mortgage Applicants”

Most people would hope to pay off their mortgage by the time they retire. However if a recent study by Saga Equity Release Service is to be believed, thousands of people are still paying theirs off beyond the age of 70. The research reveals that one in seven of those questioned (a total of 1,500 … Continue reading “Study Reveals One in Seven in Their Seventies Still Have a Mortgage”

Many people will remember the effects of the recession the UK went through in the late-2000s. This was thought to have been triggered by a product called a sub-prime mortgage. This is a mortgage that is offered to those who would be rejected for a traditional mortgage. This is usually because the individual has a … Continue reading “Sub-Prime Mortgages Return to the UK”

The Daily Telegraph newspaper examined a number of good new mortgage deals on the market this week, along with verdicts from financial experts Moneyfacts and Moneynet. Here are two of the best mortgages featured: 1) Melton Mowbray Building Society is offering a variable rate mortgage deal with a two-year discounted rate of just 4.95 per … Continue reading “Telegraph Takes a Look at Top Mortgage Deals”

Any financial adviser worth their salt will tell you that one of the major reasons for life insurance is to ensure your dependants are not left high and dry in the event of your death. Being able to maintain payments on one’s home is a large part of their continuing welfare and comfort. However, a … Continue reading “4 in 10 Mortgage-Holders Lack Life Insurance Payment Protection”

The last few months have seen some dire news hitting the headlines involving Tesco. With alleged supplier mistreatment stories joining those surrounding alleged concerns over its accounting practices, it seems there has been disappointment and setbacks at every turn. However, following news of store closures up and down the country comes news that Tesco Bank … Continue reading “Tesco All Set to Expand Their Mortgage Business”

While landlords may have been hoping for a reversal in the upcoming plans to get rid of mortgage interest rate relief, no such reversal was forthcoming in this week’s Budget. Instead, the new plans remain in place, and are set to start being phased in on 6th April this year. What does this mean for … Continue reading “The Budget Fails to Reverse the Tax Changes Coming for Landlords”

If you’re looking for details on the current buy to let market then, hopefully the following information will point you in the right direction. There is no denying that, the buy to let market has suffered since the global economic collapse of the banking and financial sectors in 2008. Things have remained stagnant for the … Continue reading “The Current Buy To Let Market”

The Money Statistics is a monthly report chock-full of financial facts and figures relating to many areas of life in the UK. Among these figures are several notable areas relating to mortgages and home ownership. For example, the average outstanding mortgage in the UK in August was estimated to be £121,678. While this is only … Continue reading “The Money Statistics for October Reveal Some Interesting Facts”

The British Mortgage awards were held on 3rd July at The Park Plaza Hotel in Westminster. The Mortgage Broker (St Neots) Ltd was shortlisted down to the top 3 contenders in the UK for Best Adviser for First Time Buyers. Unfortunately they didnt win and either came runner up or in 3rd place for the … Continue reading “The Mortgage Broker Runner up at The British Mortgage Awards”