The housing market may be heading for a sharp fall, as soon as people think house prices have plateaued, a leading expert will warn today
Tag: Mortgages
mortgage
This Is Money: Mortgage Firm Fined £17,500
A firm of mortgage brokers has been fined for cold calling potential customers and mis-selling payment protection insurance
MoneyExpert: Mortgage Lending Up By 4% From September
Gross mortgage lending for the month of October reached £30.3 billion, which is a four per cent increase on September’s total.
This Is Money: Rate Rise Talk Failed To Deter Borrowers
The autumn property market remained in good strength despite widespread predictions of Novembers bank rate rise
MoneyExpert: New Type Of Home Loan ‘may Grow In Popularity’
A new kind of homeowner loan designed for consumers with poor borrowing history could become increasingly popular in the UK, despite being more expensive than standard mortgages, it has been claimed.
Bad credit mortgages are aimed at people who have been rejected by major lenders due to missed repayments or CCJs.
The Council of Mortgage Lenders (CML) predicts that the popularity of these homeowner loans will rise in relation to the fact that many households are facing significant financial difficulty, sometimes through failing to compare loans and find the best rates.
“At any point in time there is a substantial minority of individuals who cannot access mainstream financial products,” states Bob Pannell, head of research and information at the CML.
“The provision of adverse credit products helps such individuals get into or sustain homeownership and in many cases gives borrowers an opportunity to re-order their finances.”
The CML is confident that bad credit mortgages will play a key “rehabilitating” role for those with short term financial problems.
With rising interest rates the number of homeowners remortgaging in the UK has dipped to its lowest level since 2001. CML figures show that remortgaging accounted for 30 per cent of the overall mortgage market in September 2006.
Scotsman: IFA Brief: Tax After Death
IT SEEMS that, in these times, the obvious route to a peaceful retirement is to work hard all your adult life, save enough to pay off your mortgage enabling you to own your own home, while trying to balance day-to-day living expenses with the need for…
Scotsman: Mortgage Plus Offers Up To 125%
HBOS has become the latest lender to let borrowers combine a secured mortgage and unsecured personal loan to borrow up to 125 per cent of a property’s value.
Motley Fool: Warning Signs For Homeowners!
Every month, figures from the Bank of England show that the UK’s mortgage debt continues to soar. Here’s how it’s exploded over the past decade:
Motley Fool: Guaranteeing A Home For Your Kids
Being a first-time-buyer doesn’t seem to be much fun these days. I get the odd email from 20 and 30-somethings who complain that the older generation has supposedly been so ‘greedy’ with buying/selling/making a profit on their homes that the youngsters have been excluded from the housing market.
This Is Money: House Price Rise Fastest In Four Years
House prices rose at the fastest pace in more than four years in October as the lack of available housing continued to drive prices, according to a report today.