According to a recent report 100% mortgages have become far harder to come by these days, with lenders cutting back on offering riskier finance as a result of the credit crunch that has swept across the UK’s money markets. 100% mortgages have always been popular amongst first time buyers, as they enabled them to get a mortgage to buy a property without having to put down a deposit – something that has always been difficult for many first time buyers who have no previous property from which to use equity towards a deposit. Read the rest of this entry »
Popularity: 33% [?]
Following announcements from a number of lenders in relation to their LTVs it seems that first time buyers could be facing increased difficulties again, just when many thought that falling house prices and lower interest rates may have enabled more non-homeowners to get onto the property ladder. It now seems that finding a 100% mortgage or even a 95% mortgage may be getting more difficult, and for first time buyers with no previous equity to use towards purchasing a property this could mean that they can no longer afford to buy a home. Read the rest of this entry »
Popularity: 38% [?]
With the decreasing house prices in the UK and the credit crunch that has resulted in many employees becoming unemployed, more and more homes are being put up on auction in an attempt to sell them quickly. However, the fact is that less than half of the homes offered for sale by auction actually sell. There is no doubt that if you are looking for a bargain in a home, then your best bet is to look at what an auction has to offer. Read the rest of this entry »
Popularity: 46% [?]
Never before has it been so important for consumers to get sound, professional advice on getting a mortgage from a trained and experienced professional in the field. Over recent months the mortgage industry has been turned upside down as a result of the global credit crunch, and this has made life very difficult for those interested in purchasing a property. The number of mortgage products on the market has plummeted by two thirds since last year, and lenders have made it far more difficult for some groups, such as first time buyers and those with damaged credit, to get a mortgage loan. Read the rest of this entry »
Popularity: 29% [?]
The UK has been experiencing problems in the mortgage sector for some time – in fact, since the global credit crunch made its way across the Atlantic last summer. Since this time the mortgage industry has really suffered, with funds drying up due to lack of availability and affordability on the wholesale money markets. With lenders finding it more difficult and expensive to secure finance for their mortgage lending operations, consumers have really suffered. Read the rest of this entry »
Popularity: 41% [?]
Mortgage Next recently announced the launch of a discounted buy to let mortgage, which consumers considering getting into the buy to let sector may find beneficial. The mortgage is funded through Mortgage Express, and offers a fixed rate of 6.29% for two years. This equates to a discount of 0.96%. With buy to let mortgages often considerably more expensive than standard ones in terms of interest rates, this mortgage offer could attract attention from prospective buy to let investors. Read the rest of this entry »
Popularity: 46% [?]
The outlook for anyone looking to sell their home at the moment looks incredibly bleak. Property sale figures have been tumbling over recent months, with estate agents reporting very poor sales and the average estate agent having around 75 properties remaining unsold on their books. In fact, the situation has reached a point where thousands of estate agents and related industry officials are at risk of losing their jobs. Homeowners in the UK have therefore had to face up to the fact that a quick sale – or any sale – of their home may not be an option. Read the rest of this entry »
Popularity: 43% [?]
Many homeowners and first time buyers welcomed recent news that suggested that fixed rate mortgages with interest rates hovering around the 5% mark seem to be making a comeback. Since interest rates started to rise in August 2006, affordable fixed rate deals have become a thing of the past, with a series of five interest rate rises pushing the cost of fixed rate deals up higher and higher. Read the rest of this entry »
Popularity: 45% [?]