Market Commentary Page 1

Information about changes in the mortgage market and how this may affect your house purchase or application for mortgages.

Lender Backtracks on a ‘rate shock’

The only thing anyone can be certain of in theses hard times is that we all have an uncertain financial future.

Although many aspects of the property and mortgage market have been seemingly encouraging in recent months, with Barclays for one relaunching into 90% loan to value (LTV) mortgages and the Nationwide also improving their availability of high loan to value (LTV) loans. Read more

Mortgages ‘most affordable’ in 2011.

There is no doubt in anyone’s mind that the economic climate was and still is difficult, however consumers are generally more upbeat today than they were back in 2008.

Rock bottom interest rates enabled mortgage lenders to offer some of the best deals ever.

Research has shown that while the housing market is undergoing a difficult time at the moment, those who are already on the property ladder are faring much better than those yet to climb on to it. Read more

Repaying an Interest Only Mortgage

Many brokers reckon that interest only mortgages will now struggle to make a comeback.

Interest only mortgages are becoming an endangered species as the Financial Services Authority (FSA) views them as being much riskier than repayment loans.

The Financial Service Authority (FSA) has warned that home buyers who takeout interest only mortgages are storing up problems for the future as they have little idea of how they will pay back the loan at the end of the term. Read more

Mortgage Fraud

If a borrower lies on a mortgage application form, even tiny white lies, it constitutes as mortgage fraud.

Fraud typically involves potential borrowers inflating their employment prospects or finances or not disclosing previous addresses in a bid to conceal an adverse credit history. Read more

Mortgage Lending in November 2011

Mortgages are the key to the property market, the vast majority of buyers can not purchase a property with out one!

Lending responsibly has never been more important as the market remains challenging, with household incomes ever more squeezed. Therefore lenders are actively trying to help consumers both by conventional means and by new options, such as equity loan schemes. Read more

Are Mortgages At Their Most Affordable?

David Miles, a leading financial expert, has said he understood that “most people put great value on having a home but many will have to bury their dreams”.

A study has revealed that millions of families will have to save for more than 30 years to raise the deposit required to enable them to get on to the property ladder. Read more

A Rise in Property Enquires

The number of people making enquires about buying a house has increased for the third month in a row in November 2011.

The Royal Institution of chartered Surveyors (RICS) has suggested that this is the first time since spring 2010 that the housing market has ‘enjoyed’ such an extended period of demand. Read more

Budgeting to Buy a House

A Guide to Selling Your Property

Selling a property is one of the biggest and most important transactions anyone will make. People have different reasons for selling, from disposing of an investment property to simply moving home. Read more

First Time Buyers Risk Debt Issues Trying to Raise a Deposit

The property boom has long since burst and has now been replaced with a housing market that has taken a severe battering.

Buying a house in today’s current economic climate is a difficult challenge. The latest data reveals that while the costs of deposits have increased tenfold in the last 20 years, household incomes have only doubled. Read more

Next Page »