Tag Archives | Mortgages

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 lenders to test borrower’s affordability for home loans

The Financial Services Authority (FSA) has released their mortgage market review discussion paper and they have outlined their proposal for tougher regulations. It is evident that they will be more authoritarian and intrusive in the way they regulate the mortgage industry in future. The FSA want to control the industry as they believe the industry […]

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Top tips: how to improve your credit rating

  The days of easy credit are long gone – if they ever existed. Now, you need a really good credit rating to be in with a chance of getting the best deals. These money saving tips could help you. Understand how lenders make decisions. They calculate your credit rating (or score) by giving a […]

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Coping with Redundancy

The spectre of losing your job can be terrifying, especially when vacancies are at a record low. But once the initial shock has worn off, redundancy can herald a new beginning – a chance to set up your own business, use any pay-off to clear your debts or find a role that gives a better […]

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Check My Credit History – Truth Behind Your Credit History

Check My Credit History Myths Knowledge is power when it comes to understanding your credit history you need to have the information. Check my credit history is something everyone of us needs to do ea couple of times a year. Your credit history is reflected in your credit report, which lists credit cards, loans, mortgages […]

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Rescued Banks charge extortionate rates for personal loans

As a provider of  money saving advice , I can understand banks and finance institutes charging high interest rates to clients that have a less than perfect credit report where they have missed payments, fallen into arrears, been issued with defaults and county court judgements. But it looks like these banks were charging these interest […]

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Are your debts out of control? Don’t ignore the warning signs

If you developed a strange rash that just wouldn’t go away, you’d visit your doctor – but it’s amazing how many people who listen to health warnings don’t do the same when it comes to wealth warnings. Now more than ever, it’s crucial to monitor your debt levels to prevent a slide into the financial […]

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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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Market leading tracker rate mortgage is finally released

Mortgage lenders do actually want to offer borrowers the best mortgage deal or the best remortgage deal but they are restricted by the lack of money in the system at present. The banks immediate instinct is survival at the moment and their need to protect their capital base by not lending money or only lending […]

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The number of completed Mortgages is down by 52%

The Council of Mortgage Lenders figures show that mortgage lending has fallen for another month from 32,400 mortgages completed in December, 2008 to 23,400 in January, 2009.  The number of competed mortgages is down by 52% on January 2008 when 48,600 mortgages were completed. Money is still tight and the banks still have little appetite […]

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