Mortgage
Where to find a loan mortgage calculator and how it helps you
When you’re looking for a mortgage to buy a home, a loan mortgage calculator can help you make the right decision. There is a wide variety of such calculators available on the Internet. These tools help you get a clear idea about how much you need to spend on a loan. For doing calculations with [...]
Read Full Post | Make a Comment ( None so far )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 [...]
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 )Proposed cap on mortgage lending by FSA is ’suicidal’, say property experts
A proposed cap on mortgage lending, limiting how much money home buyers could borrow, has alarmed property experts, who have warned the move could be “suicidal” for the housing market.
Proposals to limit how much banks and building societies can lend home buyers – restricting mortgages to just three times a buyer’s annual salary – are [...]
Bovis announces £78.7million loss after collapse of mortgage market
Bovis Homes has announced that its revenue fell almost 50 per cent last year, due to the sharp fall in the number of homes sold as potential buyers struggle to get a mortgage in the current economic climate.
The house building group completed 1,817 homes in 2008, about a third fewer than the number completed in [...]
Ex-Countrywide president profits from distressed mortgages
For those limber enough to leap on and off the merry-go-round of an economy spinning from boom to bust, the rewards can be great, even if the rest of us think some people do not deserve to ride at all. Take the former president of the collapsed US mortgage giant Countrywide, Stanford Kurland, for instance.
Mr [...]
Missing Your Mortgage Payments: What To Do When You Can’t Pay Your Mortgage
It’s been no secret that many homeowners and prospective buyers have had trouble over the past year; payments missed, interest rates rising as well as other contributing factors such as banks going under and being brought back from the brink of collapse by nationalisation. He shocking statistic of last year has definitely got to be [...]
Read Full Post | Make a Comment ( None so far )Mortgage lending in 60% plunge
Mortgage lending dived by more than 60% during January to just one 10th of its level 12 months ago, figures show.
The Bank of England said net mortgage lending, which strips out redemptions and repayments, was £690 million during the month, down from £1.79 billion in December.
It is the second lowest monthly total recorded by the [...]
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