Mortgage Articles
Try A Tracker Mortgage
In recent months fixed-rate mortgages have grown in popularity. Many borrowers opted for a fixed-rate mortgage expecting the Bank's rate increase to reach 6%. That was earlier this year. As a result of the US sub-prime crisis hitting the UK financial markets, most experts now anticipate a decrease and as a result tracker mortgages are becoming an appealing option... Read More
Rate Shock For Fixed-Rate Mortgage Holders
Homeowner who have been paying fixed-rate mortgages for the past 2 years will be faced with a huge shock on their monthly repayments once their fixed-rate term ends. Because the base rate has increased 5 times since August 2006 many homeowners may have a hard time... Read More
100% Mortgages
100% mortgages are loan products designed for those who cannot afford to pay a deposit when buying a home or remortgaging. Typical applicants are first-time buyers and a 100% mortgage can help would-be homeowners take the first step onto the property ladder. However, there are downsides to this type of loan... Read More
Buy-To-Let Investors Feel The Pain
With house prices soaring over the past 10 years many ordinary people have been turning to the buy-to-let market as a long term investment strategy. But, how will the slumping prices of the housing market affect those who find themselves in negative equity or unable to profit from their investment... Read More
Risk Of Negative Equity Looms
If house prices continue to fall, there is a great risk to those who borrow 100% mortgages. By borrowing the full amount of the asking price, if the property value dips below the amount borrowed, then first time borrowers are faced with negative equity thus owing more than the worth of their home... Read More
Repossessions On The Increase
House Repossessions and mortgage arrears are expected to increase significantly as a result of the recent credit crunch and the Bank fo England rate increases since August 2006. The Council of Mortgage Lenders reports falls in house sales in September and expects this to continue into 2008... Read More
House Price Outlook Cloudy
Bank of England's Monetary Policy Committee warns of high house prices leading to property downturn. Major change could happen as house prices have increased beyond a reasonable level. A potential housing downturn, if it does occur, may not adversely effect the economy according to the MPC... Read More
House Prices Fall In October
As many predicted, UK house prices fell in October across the majority of the country. Although this drop was not unexpected, weaker buyer confidence and a drop in demand have affected house prices. With 5 rate increases and the recent global credit crunch, the forecast for a slowdown was anticipated... Read More
Prices Down, Mortgages Down, Confidence Up
Despite dire forecasts by the International Monetary Fund, the Association of Investment Companies reveal consumer confidence to be optimistic about house prices increasing. Consumers are feeling confident but investors have a more pessimistic outlook... Read More
Equity Release Broker Fined By The FSA
Lately there has been concerning news about Equity Release programmes due insufficient explanation to homeowners whether a lifetime mortgage is the right product. The FSA fines equity release broker for the first time promising to crack down on misrepresentation of mortgage products... Read More
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