Mortgages Uncovered

Most analysts are in agreement that the mortgage market needs to adapt to the changing needs of the public if it is to spur the necessary growth to help the housing market recover properly. There is a lot of uncertainty in the housing market at the moment and that is in part a side-effect of [...]

In today’s average household, mortgage debt and the monthly demand for repayments is putting a lot of strain on family budgets. The cost of living is rising and there are so many other bills and debts to take care of, but the largest one – mortgage debt – must always be prioritised. If you’re struggling [...]

YouGov have conducted a poll which shows that a massive 75% of first time buyers believe that banks should lend responsibly, even if that means some people will be refused loans. The poll was carried out on behalf of the charity Shelter, which is trying to persuade the FSA to implement reforms which would result [...]

Interest rates in the UK are currently at the exceptionally low rate of 0.5%, and yet analysts are now warning that these interest rates are set to rise as high as 5%, or potentially, even higher. These could see new home-buyers spending more than half of their take-home pay on mortgage repayments. For existing mortgages [...]

According to UK lenders, March saw an increase in the numbers of new mortgage deals. Remortgages in March were 16% higher than those in February, and 17% higher than the number approved in March 2010. The rise in demand for fixed-rate mortgages is being linked to increased living costs and the fear of an increase [...]

‘Freedom to Fix’ is the new tracker mortgage on offer from Northern Rock that allows customers to change to a fixed rate mortgage at any time during the repayment period. They can do so without the risk of incurring charges or repayment penalties. At the moment, interest rates are at an all-time low of 0.5% [...]

The Halifax has announced that the average cost of a home has fallen yet again in April. The average drop of 1.4% takes prices to their lowest level since July 09. The year so far has seen house prices continue to fall, with the Halifax warning of an increase in the rate of decrease: In [...]

The number of mortgages approved by banks for home buyers fell in August for the third month in a row. Banks approved 31,767 home loans, the lowest number so far this year, down from 34,219 in July, the British Bankers’ Association (BBA) said. The figures are another indication that the UK property market has reached [...]

Yes that is the question so many are asking them self’s statistics currently show that the majority of people renting are young professionals and students this could be just due to the contract length is ideal for their studies or the fact that it is less hassle for the young professionals When deciding whether to [...]

This is a tough question however one in which many would like to know the answer to. There are thousands of people each day applying for mortgages with in the UK whether first time buyers or looking to add other properties to their list. The best advice would be too look around and compare using [...]