Archive for April, 2009
Mortgages for people in negative equity
Two major mortgage providers are offering home loans to existing customers who are in negative equity.
Halifax and Bank of Scotland are extending the maximum loan-to-value (LTV) ratio on some of their mortgage deals to customers who are coming to the end of their existing fixed- or tracker-rate mortgages.
Read more: Home loans for people in [...]
Looking, but not buying – yet
Interest from potential homebuyers rose for the fifth month in a row in March but housing transactions remained at record lows as first-time buyers struggled to obtain mortgages.
The Royal Institution of Chartered Surveyors (Rics) reports today that 31% more chartered surveyors reported a rise rather than a fall in new buyer inquiries, up from 21% [...]
Mortgage approvals up 19%
The number of mortgages approved rose significantly in February, according to new figures from the Bank of England.
As The Times reports, 37,937 mortgages were approved for home purchase in February – a jump of some 19% from January`s figure of 31,791. The Bank pointed out that this was the highest figure since May 2008, and [...]
HSBC to recommend rivals’ mortgages in branch
HSBC is taking on mortgage brokers with the trialling of a new “whole of market” advice service available to customers in its branches.
The lender will charge customers £150 to speak to a Mortgage Matcher consultant, who will offer impartial advice on the best mortgage deals available, including those from rival lenders. Customers who go on [...]
Should I overpay my mortgage or save the money?
Question:
I am wondering whether I would be better off overpaying my mortgage by £600 every month, or saving the same amount and making a lump sum repayment every year? I’m on a tracker with no penalties for overpayment and there are 24 years left on my mortgage. I think the first option is better (unless [...]
Read Full Post | Make a Comment ( None so far )
