Fierce competition amongst mortgage lenders in recent years has brought about great news for the consumer – The Banks & Building Societies scrapping for business has only resulted in a greater depth of choice and value, for nearly every type of borrower, from those looking to obtain a mortgage for the first time through to those looking to remortgage their existing one.
Mortgage Lending Rate Slows
The increase in interest rates, coupled with rising house prices and the decrease in the average consumers disposable income is increasingly squeezing new buyers out of the market and making it more difficult for existing house owners to trade up, said Howard Archer, Global Insights Chief UK and Global Economist.
Need A Debt Consolidation Loan? – Try Second Mortgages
For many of us, money can get tight every now and then. We have felt the pinch, and many are feeling it now. If you are in that situation where you now have a lot of debt, and are wondering what you can do about it, there is a possible solution for you with a second mortgage. If you already own a home, have some equity built up in it, have a decent credit rating, then you probably already qualify. Here are some things you need to know about getting a second mortgage for debt …
Need Debt Consolidation? – How To Do It With A Cash Out Mortgage
Taking care of your debts can be done rather quickly by getting a cash out mortgage. A cash out mortgage is actually a first mortgage and it will require you to refinance your existing one. There are some real advantages by doing it this way – such as getting the lowest interest rate for any loan. Here is how you can go about getting that new mortgage for you debt consolidation.
Mortgages – A Guide For First Time Buyers
The prospect of buying a home for the first time can be a very exciting experience, however for many it can also be a very daunting one too.
Mortgages And The Buy To Let Lending Boom
Property investors looking to take out buy to let finance can expect to find mortgage products being offered as cheaply as mainstream residential loans.
Loans, Mortgages, Debt Relief
There are so many reasons to get in touch with a loan broker, it isn’t surprising that you should find yourself in need of one. You may be finally ready to own your own home after years of renting, or you may be looking to refinance your mortgage to take advantage of low rates. You could be thinking to take out a loan for a new car or motorcycle, or to put an addition on the house, or to take your honey to Hawaii. A personal debt consolidation loan can help you pay off mounti…
How To Remortgage For A Better Deal
Sticking with the same mortgage lender for the term of your mortgage no longer applies to the majority of borrowers. Traditionally you may have taken out a mortgage and stayed put for the entirety of the mortgage term however in recent times more and more borrowers have realised that this may not make financial sense. Not being proactive in shopping around could mean paying over the odds for the biggest financial commitment of most peoples lives.
How To Get A Cheap Remortgage And Save Thousands
The definition of a cheap remortgage is different for the lender and the buyer. Lenders see a cheap remortgage as one where they lose money. Home buyers see a cheap remortgage as one where they save money.
How To Choose A Secured Loan
Secured loans are a type of loan agreement whereby the security is based on something with value, such as the equity in your home. Secured loans are designed to be more secure and less risky for the lender, just in case for some reason you fail to make your loan repayments. If the loan is never paid off completely, the lender may in the worst case scenario sell off your property in order to recover the outstanding amount of the money borrowed. Because secured loans are design…
How To Consolidate Your Debts With A Remortgage
If you have begun to feel financial problems caused by debt, and you own a home, then you may have a good way to eliminate those debt problems. A remortgage could be just what you need to provide a way out and reduce your monthly bills at the same time. Here is how you can go about getting a remortgage for debt consolidation.
Homeowners Relax As Interest Rates Stay Put
The Bank of England’s rate-setting body, the monetary policy committee (MPC), has voted to maintain the official cost of borrowing at 5.25 per cent, following a 0.25 per cent rise in the base rate last month.