Archive for December, 2008
Overpay mortgage
As interest rates fall in the UK, homeowners have been advised by one expert to overpay on their home loans.
Many consumers have benefited from the fall in the base rate of 2.5 per cent over the last month in terms of having reduced monthly repayments.
According to Jane Baker, who made her comments on Fool.co.uk, people [...]
Lenders cancel house price predictions
Nationwide and Halifax, two of the UK’s biggest mortgage lenders, have decided not to make firm predictions on house prices in 2009.
The two building societies have built up a reputation for making house price predictions in recent years, and are closely followed by the media.
But both have decided not to make predictions for 2009, with [...]
You Don’t Have To Be Home Alone Looking For A Mortgage
There are lot of choice of mortgage products available on the market today, even if the number of products is rapidly dropping in the falling economic climate. Choosing any particular type of mortgage does eliminate the field of choices, but whatever you choose, you are taking a gamble.
Not one of us can say for certainty [...]
Mortgage arrears ‘to hit 500,000′
Mortgage lenders predict the recession will lead to a huge rise in arrears among their borrowers in 2009.
The Council of Mortgage Lenders (CML) said the number of households more than three months behind with their repayments would reach 500,000.
Read the rest of the article here
Gross lending declines in November
Gross mortgage lending reached an estimated £14.6 billion in November according to the Council of Mortgage Lenders. This is a 22% fall from October and a 51% fall from November last year.
While there is typically a decline from October to November, this is considerably larger than usual reflecting the market disruption and continued deterioration [...]
Mortgage Payment Protection Insurance (PPI)
Independent protection insurance specialist Burgesses has slammed calls from mortgage broker trade body for mortgage payment protection insurance (MPPI) to be excluded from investigation.
Given the chequered history that the sales of MPPI policies has, I can see no reason why the Competition Commission should not constitute a major part of the review into the mortgage [...]
Any Schedule Offers Service on Sending Property Details on Mobile
Any Schedule, professionals in the field of information technology and mobile platforms, offers the service on sending property details on mobile for business organisations in the field of real estate and property market.
For sending property details on mobile, Any Schedule uses a combination of mobile communications, dedicated web servers and Internet. This will help real [...]
Debt Management
Investcorp Technology Partners, the technology private equity arm of alternative investment manager Investcorp, has agreed to purchase a 40% equity stake in TDX Group, the UK’s leading provider of analytics-based consumer debt management services, for approximately £28 million.
Investcorp will work alongside TDX Group’s founders and existing management team to drive future growth in its existing [...]
Bank of England base rate cut
Think Money report that the Bank of England base rate cut today will lower the base rate to 2%.
This is reportedly the lowest rate in over 50 years.
Alliance and Leicester Mortgage Rate Cuts
Alliance and Leicester has announced a series of cuts to its fixed-rate mortgages.
The lender has released details of changes to three deals that are based on two-year fixed periods.
Its 5.79 per cent rate with an arrangement fee of £599 has now been reduced to 4.94 per cent, while the two year 5.59 per cent deal [...]
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