Mortgages Uncovered

The housing market in January 2010 saw large dip in activity so much so that lending fell by 17%. Mortgage advances also fell in the month of January y nearly £3 Billion. These figures come just as nationwide announced that house prices have fallen for the first time in ten months in February 2010. This [...]

Nationwide yesterday defended the launch of their 125 per cent mortgages. The building society said the “very niche” product was only available to existing borrowers who needed to move, but owed more on a mortgage than their property was worth. A Nationwide spokesman said: “We are doing something socially responsible. In my opinion this is [...]

“Access to mortgages at higher loan-to-value and loan-to-income ratios is to expand over the course of the next few months” as a result it’s predicted that householders will be offered more credit secured on their homes in coming months. However not everyone will be so lucky. This will only apply to certain people. Sadly I [...]

According to the most recent reports there are only 2,282 mortgage products are on the market today. This means there have been falls in the number of home loans available. This figure shows there is around ten times fewer loans around today compared to two summers ago. Although this must mean that there is lack [...]

Mortgage related fraud has become increasingly prominent in the UK in recent months. As a result measures have had to be put in place to crack down on this type of fraud. The first few months of this year saw the FSA impose fines of more than £300,000 on those found to be committing mortgage [...]

Buying a home for the first time can be expensive at any time in ones life but now more so than ever. Many people are resorting to renting or even setting up home with friends as a way of being able to finance it. Most mortgage lenders require a deposit of at least five to [...]

People that have a fixed rate mortgage cannot get out of their contract resulting in them not being about to take advantage of the low bank rates at the moment. Many people are now paying way over the odds due to being in a fixed rate mortgage a person paying five hundred pounds a month [...]

A few years ago it was said that getting an endowment mortgage was the way forward as it allowed buyer to receive cash in hand at the end of the fixed period. Now as many people know or are finding out, there are people with large short falls in the repayments of their mortgages. Its [...]

Approvals by main high-street banks saw an increase of the annual rate to almost 16 per cent last month, touching a 13-month high. The average value of the loans, although below the levels seen last year, has also risen steadily over the last six months according to BBA. The BBA also published statistics on lending [...]

The administration of Obama is broadening it’s mortgage refinancing programme to allow more borrowers hit hard by falling home prices to take part. Loans are now worth up to 125% of the value of their homes and people are now eligible to refinance their homes under the Obama foreclosure prevention plan. Previously, the limit was [...]