Archive for the ‘mortgages’ Category
Tuesday, February 19th, 2008
With UK House prices predicted to fall or at least stagnate a 100% mortgage has some obvious disadvantages. With no deposit, it means that any fall in house prices will cause the homeowner to end up owning more to the bank than the house is worth. 100% mortgages are usually ...
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Friday, February 15th, 2008
Generally speaking fixed rate mortgages involve significant fees. These can be upto £2,000. However, if you a relatively small mortgage you are better off going for a fixed rate mortgage with low fees and higher interest rate. If you have a very big mortgage then the fees are a smaller ...
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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 ...
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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 ...
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Thursday, January 24th, 2008
Halifax. Now a division of the Bank of Scotland, the Halifax is the biggest mortgage lender in the UK. Halifax website
Nationwide One of the UK's biggest lenders, currently offering a 5 year fixed rate mortgage at 5.63%. Nationwide
Northern Rock. Facing great uncertainty following their credit crunch, where they had to ...
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Tuesday, January 22nd, 2008
The loan to value is a way of assessing a mortgage lenders balance sheet.
The Northern Rock has the UK's largest ratio of mortgage to house value. On average it lends 59% of the value of a home. For subprime lending this rises to 68.3%.
Northern Rock 59%
Bradford & Bingely 54%
Royal Bank ...
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Monday, October 8th, 2007
After remortgaging, the next best solution for saving money on your mortgage is making faster mortgage payments.
Faster Mortgage payments can be made in two ways:
Paying extra monthly repayments
Paying a lump sum when available
The good thing about making extra / faster mortgage payments is that everything goes on reducing the capital ...
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Thursday, September 20th, 2007
There are over 130 10 year fixed mortgages on the market. They offer an appealing security for homeowners who wish to avoid the fluctuations of interest rates. By historical standards the 10 year fixed deals offer an attractive proposition. It is not that long ago that UK interest rates reached ...
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Monday, September 17th, 2007
Rising interest rates in the UK and US have meant that an increasing number of householders have been struggling to pay their mortgage payments. If you find yourself in the this situation these are some possible responses.
1. ReMortgage.
This is the first option that you should consider. Many homeowners remain ...
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Wednesday, September 5th, 2007
UK House prices are increasingly unaffordable.A first-time-buyer with an annual salary of £25,899 would now have to save up to £25,600 for the deposit on a typical home. This is nearly 96% of their income. This is made more difficult by the fact many graduate first time buyers leave university ...
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