Research by a leading mortgage comparison website has shown that borrowers who only chase the headline rates are missing a trick.
The advent of the internet has meant that many use it to find the cheapest deal for their mortgage. Most use price comparison websites or best buy tables to find the best deal but more often than not, the lowest rate isn’t the best deal. Read more
Paragon, the buy to let mortgage provider is resuming lending after it has managed to secure new funding. This will come as positive news to would be investors as the rental is booming due to more and more people looking to rent rather than buy. Read more
The invent of the internet and subsequent price comparison websites have in recent times taken the place of brokers. Read more
New research has revealed that the UK’s Banks and Building Societies are making a killing on mortgages. The research has uncovered that the mark up by lenders is the highest in the western world. Read more
Figures released recently suggest that the United Kingdom is stuck in the midst of a mortgage famine caused by the financial crisis. Ever since the melt down in the sub prime mortgage market, lenders have been cautious of lending to potential UK home buyers and have tightened up their lending criteria in an attempt to sure up their balance sheets and reduce risk in their mortgage portfolio. Read more
Interest in tracker mortgages is on the increase since the Bank of England governor, Mervyn King announced that interest rates are likely to remain low until the end of 2011.
The Bank of England base rate has been at its an historic low of 0.5% for some time now making trackers mortgages the best deals for borrowers. Although fixed rate mortgages give borrowers peace of mind my setting monthly repayments, they are still expensive when compared to loans that track the base rate. Read more
The largest building society in the world, Nationwide, has launched a re-mortgage product with no product, valuation or legal fees. The only thing a customer has to pay is a standard booking fee of £99.
The building society is offering three products under this range. Borrowers can choose from either a two, three or five year fixed rate mortgage. The £99 fee compared well against rivals like Cheltenham & Gloucester and the Spanish bank Santander who charge up to £995 in fees. Read more
Augusts house price results are showing their lowest levels in 15 months. A recent survey has revealed that there has been a drastic reduction in the number of potential buyers in the market due to the Banks and Building Societies creating a shortage of finance. Read more
The Lloyds banking group, which is one of the largest buy to let providers in the UK is looking to implement further restrictions in order to protect themselves form adverse risk. The new rules will restrict investors from buying for than three properties or £2 million of lending which may prevent many property investors from continuing their business. Read more
The current economic position and the tightening of lending critiera of Banks and Building Societies has led borrowers to look at lot more closely at their current mortgage rates and whats on offer in the Uk mortgage market. Read more