Tag Archives | First-time buyers

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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empty homes

It’s Outrageous How 1 Million Empty Homes Lie Unoccupied

One Million Empty Homes Lie Vacant 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 value […]

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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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Lloyds Banking Group launches new Mortgage Scheme for First-time buyers – Mortgage Advice

First-time buyers are finding themselves in a predicament with falling house prices as the housing market becomes more affordable. Expert opinion is they are being squeezed out of home ownership by the very large deposit they are required to have in order to secure their first mortgage.  Saving up to £25,000 for a deposit takes […]

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Number of Mortgage Products available rises – Mortgage Advice

The situation as I see it! Money seems to be in short supply; interest rates offered by banks for saving money remains diabolical; unemployment is expected to increase by quarter of a million as students leave university and college and members of Parliament from all sides of the political spectrum have exploited their expenses for […]

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Money Saving advice for Mortgage Borrowers facing Negative Equity

During the 1993 housing recession it was estimated that one and a half million homeowners had negative equity. The Council of Mortgage Lenders has announced that approximately 900,000 homeowners currently have some degree of negative equity.  They believe around 600,000 of these homeowners have seen modest shortfalls of around 10%. When compared with the previous […]

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Major Banks approve 4,000 more mortgages applications

There were 28,179 new mortgages approved for house purchases last month (February 2009) according to the British Bankers’ Association. This is a real increase of 3,901 more new mortgages being approved in January 2009 when 24,278 mortgages were approved. It now seems that new mortgage approvals have risen for the last three consecutive months. It […]

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The more the Government spends the shorter the recession – Money Expert

In today’s climate of recession meltdown it is difficult not to scaremonger or upset anyone when analysing the world around us, the consequences to each of us and the impact of the debt our children might one day inherit. Are the changes that have been implemented by the government and the Bank of England really […]

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