One Million Empty Homes Lie Unoccupied The one million empty homes are uninhabitable properties, properties waiting on demolition, council properties that have been boarded up after re-housing the tenants, housing association properties that are boarded up, flats above shops that are unoccupied and private properties that have been left vacant by their owners. The...
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Where Are The Best Interest Rates To day we are certainly seeing some of the best interest rates ever seen in the history of motgage lending. Back in 1975 there was around 5,000 different interest rates available in the UK mortgage market and just before the credit crunch four year ago there were over 18,000 different interest...
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The Lowest Mortgage Rate in Decades Homeowners are today missing out on some the lowest fixed mortgage rate deals available in the last twenty four years. On the 9th March 2009 the Bank of England first reduced the base rate to 0.5% where it has remained for the last 31 months and homeowners have...
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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...
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Settling Your Mortgage Loan You can use your property as collateral in order to take out a mortgage loan that is treated as a secured loan. Your loan application will be granted on the basis of the property. These loans can be used as a financial aid to the borrower to meet his expenses....
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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...
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Money saving expert believes that the stamp duty holiday on properties costing less than £250,000 is set to become permanent, more homes coming onto the market in the wake of the abolition of Home Information Packs and a few green shoots of economic recovery poking through, now could be the ideal time to take...
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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...
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Last month saw the lowest mortgage approvals since this recession started back in 2007. First time buyers are still struggling to get on the property ladder and some of the latest information suggests that the average age of a first time buyer is 37, this is frightening. With first time buyers’ stamp duty holiday...
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Just as the world is warming up, the credit climate has undergone a profound change since the recession took hold the money saving expert has discovered. According to the latest Bank of England figures, around 1.6 million of us apply for some form of credit every month, from loans and cards to mortgages –...
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