Archive | July, 2011

Student debt to be akin to a small contractor mortgage!

First time buyers are already having big enough problems obtaining a contractor mortgage. Just think how bad the situation will become when the universities increase their tuition fees to £9,000 a year.

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Will contractor mortgage hunters become self-builders?

Contractor mortgage hunters may be interested to learn that the self-build housing industry has put together an action plan on how self-build could become a mainstream housing option.

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Should buy to let mortgages be regulated?

UK buy to let mortgages are treated differently than traditional contractor mortgages, but in other European Union states they are treated exactly the same way.

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Gross mortgage lending increased 16% in June

Month-on-month gross mortgage lending increased by 16% to £12.8 billion in June, the highest monthly increase since July 2010, according to the CML.

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A crystal ball to see into the future would be very handy!

There are times when being able to look into a crystal ball and see the future would be very advantageous. People looking for a contractor mortgage would currently love to have that ability.

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Mortgage lending companies compete by cutting rates

Mortgage lending companies in the UK continue to compete for customers by lowering the rates on their contractor mortgage products.

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UK remortgage activity surged in June

June saw a surge in remortgage activity, according to research by the Mortgage Advice Bureau and the Coreco Group.

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One in four buyers pulled out of a home purchase this year

1st Property Lawyers, the UK’s largest conveyancer, recently said that nearly one third of house sales fell through in the first half of this year.

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House prices drop by 1.6% month-on-month

Residential property sellers have been forced to lower their asking prices this month as buyers get deterred by the mortgage squeeze, according to Rightmove Plc.

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Number of buy to let mortgage products increasing

A new study by Mortgages for Business reveals a 35% increase in the number of buy to let mortgage products in the last three months.

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People moving home in Scotland are unlikely to be gazumped

English contractor mortgage holders who plan on moving to Scotland need to be aware that the legal processes between the two countries are very different.

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Could an offset mortgage save you money?

First Direct has claimed that an offset mortgage could save borrowers thousands of pounds.

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