Archive | Remortgaging in todays market

A Simple Guide To Home Ownership For The First Time Buyer

Your First Steps As A First Time Buyer To Successful Home Ownership The biggest problem facing a first time buyer is getting a mortgage and being able to afford the repayments. Obtaining any mortgage has become very challenging since August 2007. Prior to August 2007 all  lenders were only to happy to lend money to […]

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Equity Release | Discover Four Main Types Of Equity Release Mortgages

As Property Values Rise Equity Release Looks More Interesting Over the last couple of decades people have seen the value in their homes rise by unprecedented levels. The longer you have owned a property the more this rise in value will be apparent. And people often include the value of their property as part of […]

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Negative Equity Mortgage | Help Is Now Available For Borrowers

Lloyds Banking Group has launched a mortgage product aimed at the Negative Equity Mortgage borrowers that have a mortgage with no capital in their property and they need to move home. This comes as inflation rockets, growth in the economy falls below zero and Mervyn King the Governor of the bank of England recently informed […]

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Negative Equity Mortgages Return After Twenty Years

Negative Equity Mortgages Return The return of negative equity mortgages has become widespread again due to the collapse in the housing market which happened due to the global downfall of the banking system. The last time we saw mortgaged property worth less than the amount borrowed to purchase them was back in the late eighties. […]

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CreditExpert

Will the Buy-to-let market damage the housing market?

The Council of Mortgage Lenders has today published the latest figures showing that the Buy-to-let market had risen by 12% in the third quarter of 2010. Some 26,900 buy-to-let mortgages worth £2.8 billion were advanced during this period. There are currently around 1.29 million buy-to-let mortgages. Demand for buy-to-let mortgages is being  fuelled by the […]

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Mortgage update for Homeowners looking for better Mortgage deals

For every ten homes sold last month one was a remortgage. Until more mortgages arranged are remortgages each month I very doubt that property prices will drop any further. The reason for the house prices being unreasonably buoyant is due to the fact that for every ten houses sold only six new homes are coming […]

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How to get a green light for your next mortgage and not the mortgage blues

Getting a mortgage is going to be a lot tougher – particularly for people with a less-than-perfect credit history or anyone whose income has previously been self-certified. The money saving expert recently heard the account of a lady who had missed one credit card payment and a council tax payment in the last twelve months. […]

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New Negative Equity Mortgage offered by Nationwide – Mortgage Advice

At a time when all mortgage lenders have shown us they do not have an appetite to lend money, along comes the Nationwide with a pioneering new niche mortgage product for their existing borrowers. Last month they introduced their ground-breaking negative equity mortgage to their clients. This will allow their borrowers to borrow up to […]

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Fixed Mortgages have declined in the last year – Mortgage Advice

The mortgage market remains in a state of quandary with changing opinions and advice being given by the money and savings experts. This recession is proving to be deeper and more unforgiving than the previous. Mortgage Brain who provides a mortgage sourcing system which is used by professional mortgage brokers has said that the number […]

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Higher Fixed Rate Mortgages are on the Way – Mortgage Advice

The CBI The Bank of England base rate remains at 0.5% for the third consecutive month there are warnings recommending that higher fixed rate mortgage deals are on the horizon. Borrowers are reluctant to remortgage now due to the low interest rates they have with their current mortgage deals. This benefits borrowers on tracker rate, […]

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Buy-to-Let Landlords see their property investments hit by this recession – Mortgage Advice

Some Buy-to-Let landlords have been hardest hit by the current downturn in the economy and are losing properties by three times the rate of ordinary homeowners. Landlords saw the housing boom as an easy way to make money and many felt that the property boom would never end or so they thought. It seems that […]

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Why consider an Equity Release Mortgage?

Equity Release Scheme Explained Recently Equity Release Schemes have become very popular amongst homeowners who have found themselves to be equity rich but income poor. In other words they have homes that are worth a lot of money but have a little income or money to live on each month.  Most homeowners have seen their […]

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How to apply for the Government Mortgage Rescue Scheme – Mortgage Advice

The effect of the global economic downturn is having serious consequences for homeowners through out the UK. Homeowners with families are worried about not being able to pay their mortgage commitments as their jobs are affected by the recession. Expert advice and help is being sought by people from all walks of life that are […]

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