Archive | October, 2010

Buy-to-let owner devastated as Nationwide values house at £1

Home owners have to face up to the fact that their properties may not be worth as much now as they were a couple of years ago. But imagine how devastated you’d be to discover that almost the entire value had been knocked off your property overnight.

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New mortgage lending company gets FSA approval

Precise Mortgages has received approval from the FSA to provide mortgages to homeowners. They are the latest in a series of mortgage lending companies to emerge since the credit crisis.

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Contractors are finding it hard to get a mortgage

The British Bankers’ Association recently confirmed that the number of mortgages granted for house purchases in the UK fell again in September. The level of mortgage lending is now at its lowest for ten years.

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Japanese interest rates hit rock bottom

Interest rates have been kept low over recent months, thanks to the Bank of England setting the base rate at 0.5%. We all know this rate will not remain with us forever but could the base rate actually go lower?

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Effect of the comprehensive spending review on home owners

With the prospect of redundancies just around the corner for many public sector workers it must have come as a relief to learn that George Osborne is to continue the government’s mortgage interest help scheme for home buyers.

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Great Escape remortgage could help home buyers

Barclays Bank recently launched a ‘Great Escape’ remortgage deal that could reduce interest rates for home borrowers.

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Would a life time tracker mortgage be right for you?

More than 100,000 home owners’ current mortgage term will expire before the end of the year.

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Are you prepared to gamble on mortgage interest rates?

After last month’s 1.1% drop in house prices, asking prices have increased sharply this month.

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More and more first time buyers are turning to Mum and Dad

Young people looking to buy their first property are struggling to save enough money to put down as an initial deposit. Although house prices are falling, the typical deposit requirement in August was 21%.

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Existing landlords boost buy to let mortgage sector

Moneyfacts, the online portal that compares financial services, published a report last week that suggests that the buy to let market in the UK is improving.

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Are we about to see a surge in people remortgaging?

A new report by Simon Kucher and Partners has suggested that we are likely to see a surge in the number of people remortgaging in the near future.

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Rates on tracker mortgages drop to 3.55%

Although fixed rate mortgages have been receiving a lot of attention recently, the interest rate on tracker mortgages has been dropping steadily since the start of the recession.

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