Fixed or Variable

Buying a house can be a stressful experience so it pays to be armed with the very best and latest information to make it as smooth a process as possible. Read more

Moody Casts Doubt on Banks

This week has produced a stark revelation about the apparent insecurity within the banking industry.  Moody, a well respected company which performs international financial research and analysis on commercial and government entities, has come out and said that it may downgrade 14 UK lenders.    Read more

No Mortgage Mortgage

Great, finally we can all get enough money to buy a house without actually taking out a mortgage.  Dreamland right, more like reality but there are a few catches.  Read more

Nationwide Mortgage Offer Trap

We recently reviewed the Nationwide Building Societies Save to Buy Deal which allowed would be first time buyers an opportunity to save money and possibly receive a 95 per cent deposit and other quite good usually not reserved for FTB’s.  Read more

Lloyds Vision

Recently there has been a raft of financial institutions reporting and delivering the results of their strategic reviews.  June will see Lloyds Banking Group, the third big lender behind Barclays and HSBC Bank plc to report on significant changes being made.  The Lloyds boss, Antonio Horta-Osorio will be seen as a man on a mission at the helm of the tax supported banking group.  Read more

Nationwide 95% Mortgage

As a first time buyer, you need to consider all variables involved in purchasing a house.  There are legal fees, stealth taxes like Stamp Duty and removal van costs and of course, you have your deposit to consider.  These can mount up and sometimes lead to administration costs of £10,000, seriously eating into any cash you may have accumulated for a deposit.  Read more

Barclays and RBS in the Dock

In a typically and somewhat predictable move, the bankrupt US lender; Thornburg Mortgages Inc and its trustees is suing Barclays, Royal Bank of Scotland and Goldman Sachs. These are just a few of the top banks being sued for close to $2.2 billion (£1.3 billion). Read more

Deutsche Bank V USA

Prosecutors on behalf of the US have begun a civil suit against the banking giant, Deutsche Bank, citing that the group repeatedly applied poor lending standards resulting in significant cost to the US taxpayers.  Read more

Breathing Life back into the Market

With the continued decline in the average price of houses in the market these days by about 3 per cent lower since last April and over 20 per cent lower than this time in 2007. The seasonal signs are that spring has sprung all about us but there doesn’t seem to be any early spouts marking significant housing recovery. Read more

Nationwide Do Not Want Your Money

In an astonishing admission, Nationwide’s group distribution director Matthew Wyles said that ‘as a lender, we would rather lend 75% loan-to-value on a buy-to-let mortgage to an experienced buy-to-let investor, than to a first-time buyer at 95% LTV.’  This surprising candor was expelled in a recent housing industry debate set up by HSBC Bank plc.  Read more

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