Uncertainty over the direction and progression of Brexit could have a marked effect on the housing market, if the latest predictions from experts in the industry are to be believed. RICS, the Royal Institution of Chartered Surveyors, has predicted growth in house prices will slow during 2018. Their market survey has revealed a gradual slowdown … Continue reading “House Prices Set to Fall as We Enter 2018”
2017 has seen the first base rate increase for several years, changing the interest rates paid by many on variable rate mortgages within days. Yet some will be looking ahead to 2018 as a year when further changes could affect their mortgage situation – and this does not refer to any future base rate rises. … Continue reading “Support for Mortgage Interest Scheme to Be Changed in 2018”
Plenty of financial information is compared to other figures both before and after the credit crunch of 2008. One good example of this has come to light now, as the latest data from the Bank of England indicates £72 million in residential loans was written off last year. This may sound like a large amount, … Continue reading “Mortgage Write-Offs at Lowest Level for Years”
Mortgage approvals took another tumble in October – this time leading to the lowest level of approvals in 13 months. September saw 41,576 approvals for house purchases, while October saw a fall to 40,488 – a difference of 1,088. Some experts think this figure could dip further still in the coming months, given the signs … Continue reading “Mortgage Approvals Dip Lower in October”
It’s official – the era of competitive mortgage rates under 1% is now over. The country had enjoyed a period of around 18 months where there were several products available at either just above 1% or below it. This was offered as recently as September, when would-be home buyers could apply for a 0.99% two-year … Continue reading “Number of Home Loans Under 1% Shrinks to Just One”
It is a headline many of us expected, but perhaps not to the degree that has occurred. The Council of Mortgage Lenders has confirmed a “weak start to 2017” for the buy-to-let market, and there is no sign this will change at present. Activity in this portion of the housing market is around half the … Continue reading “Buy to Let Sales Suffer in the Last Year”
It was inevitable that it was going to happen, it was just a question of when. We believe that rates will be increased this Friday for Product Transfers Product Transfer rates are the deals that existing Halifax mortgage customers have access to which are available without any further underwriting. Since Halifax announced that their standard … Continue reading “Halifax Mortgage Rates on the Way Up”
The following is a real life case study that took place in March 2012 to show that there are still lenders that will consider some outside of the box thinking when applying mortgage underwriting. What did the client want to achieve? An existing client approached us to look at porting his existing Woolwich residential mortgage … Continue reading ““Outside of the Box” Mortgage Underwriting”
There are many decisions to be faced when you are looking to purchase a property. Which mortgage is best for you? Which repayment terms are best? Which lender is going to give you the best deal? Added to all that is the option of whether you should use the services offered by a mortgage adviser … Continue reading “Estate Agent’s Mortgage Adviser or Mortgage Broker?”
The Facts About Mortgages for People with Low Income What is a low-income mortgage? If you need a residential mortgage but are concerned that your low income will make this impossible, think again! Some mortgage lenders will be very happy to consider lending to you although, you need to know which lender to approach as … Continue reading “Expert Guide To Low-Income Mortgages and How to Get One!”