Finance
Mortgage lending down, but mortgages still available
On 18 September, the Council of Mortgage Lenders (CML) reported that gross lending in August stood at an estimated £21.8 billion. It’s a 12% fall from July’s figures, but – perhaps surprisingly – ‘only’ 36% lower than last August.
36% is a big fall, but it’s not as big as you might expect. We’ve been [...]
Secured Loans
Secured loans, in general, come with lower interest rates than unsecured loans. In other words, lenders will charge less to loan the same amount of money for the same amount of time.
However, secured loans are not available to everyone – and the reason for that is in the name…
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Costa Rica’s Market Slowdown Does Not Affect Special Mortgage Services
The Central Pacific region, specifically the areas in and around Jacό, has seen the greatest number of these new financial establishments. Foreign investors and real estate buyers have welcomed these businesses and are finding them to be an excellent alternative to the traditional Costa Rica banks for their mortgage needs.
With a noticeable growth in popularity [...]
Greenwich Mortgage Broker Eases Concern Over Fixed Rate Mortgages
Greenwich mortgage brokers IDFM City Ltd annouce 10 point report to help mortgage buyers when coming out of their fixed rate mortgage deals
Numerous reports in the press may have prompted many homeowners to worry about the imminent end of their fixed-rate mortgage deal. Greenwich mortgage broker IDFM City Ltd have produced a ten point report [...]
Consumers intended savings/ investment and borrowing activity hits 2-year high
Consumers expected savings/investment activity is at its highest in two years. This is the main finding from the 27th Financial Activity Survey commissioned by financial research specialist JGFR from GfK NOP*.
This increased financial engagement comes despite the enormous volatility and uncertainty surrounding markets and institutions. Trust and confidence, the necessary attributes consumers need to have [...]
Mortgage Discounts
Greening our homes is a key priority for fighting climate change as well as cutting monthly bills. With new mortgage discounts of up to 1.25% from Ecology Building Society the financial incentives just got bigger!
Our homes currently consume three times as much energy as our usage of private cars, and account for over 27% of [...]
Buy-to-let mortgage market not dead
An interesting report on Buy to Let mortgages here
The phrase buy-to-let can refer either to the investment strategy of buying a residential property to be let for profit; or to a particular category of mortgage used to purchase a property for letting.
For many years landlords have invested in residential property to be let for [...]
Brits `unaware of mortgage details`
Despite the personal finance concerns facing people as a result of the ongoing credit crunch, many UK consumers lack an awareness of the details of their home loans, it has been suggested
Read Full Post | Make a Comment ( None so far )Mortgage Bad Credit Loans To Get You Out Of Debt
Most experts say that your housing costs should not be more, and preferably less, than 30% of your income. Is that a reasonable figure for most Canadians? The answer is a resounding “no”. The Canadian Mortgage and Housing Corporation (CMHC) prepares annual research on the number of work hours in one month, at an average [...]
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CML Market commentary
Posted on September 22nd, 2008. Filed under: Finance, Mortgage, UK | Tags: bank, Bank Of England, banking, CML, commentary, funding, Mervyn King, Mortgage, mortgage commentary, mortgage loan, mortgages, The Governor |
As Mervyn King pointed out, the housing and mortgage markets are going through an adjustment process. The question is how far the authorities will leave the correction to market forces and whether they will look to step in at a time when the wider economy is at risk of recession.
Read Full Post | Make a Comment ( None so far )The Governor has made clear his [...]