Archive for February, 2008
Friday, February 15th, 2008
The simplest yet most common mistake of any mortgage holder is to stay on a mortgage lenders SVR. Standard Variable Rate.
A Standard Variable Rate would be better called. 'Our most expensive form of mortgage'. If you look at any of the big mortgage lenders, you will see that they have ...
Posted in remortgaging | No Comments »
Tuesday, February 12th, 2008
Many people have been predicting falls in UK house prices. These are some of the economic effects of house price falls.
Negative Wealth Effect
If house prices fall, then people will see a decrease in the value of assets; this causes lower consumer confidence. There is also less scope for equity withdrawal. ...
Posted in housing | No Comments »
Friday, February 8th, 2008
The UK economy is facing reasonable prospects for growth in the upcoming year. The Bank of England's growth forcecast shows a slight fall in growth. However, if the Housing market continues to fall, this fall in the growth rate may become quite significant. Another factor which may slowdown growth is ...
Posted in economics | No Comments »
Friday, February 8th, 2008
Yesterday, the Bank of England cut interest rates by 0.25%. The good news is that most mortgage lenders have been swift to pass on the rate cut to their consumers. The last time the Bank cut interest rates, in 2007, from 5.75% to 5.5% my mortgage lender never passed on ...
Posted in interest rates | No Comments »
Wednesday, February 6th, 2008
The Mortgage crisis is mainly focused on the US, where mortgage defaults are rising very rapidly. The US mortgage crisis is affecting the UK to a lesser extent; but in an era of global credit flows, it is hard for any country to avoid the impact of large financial losses ...
Posted in finance, mortgages | No Comments »
Wednesday, February 6th, 2008
The difficulty with predicting mortgage interest rates is that there are 2 things to take into consideration.
Predictions for the Bank of England's base Rate
Predictions for Lenders standard variable rates.
Due to the global credit crunch, mortgage lenders are struggling to gain sufficient finance for mortgage lending. This shortage of funds is ...
Posted in interest rates | No Comments »
Monday, February 4th, 2008
To find the best mortgage deals, you could visit the top 10 largest mortgage lenders.
However, the biggest mortgage lenders often do not offer the best mortgage deals. Sometimes the best deals come from medium sized mortgage lenders. Therefore, it is always worth shopping around through the business section of ...
Posted in mortgages | No Comments »