Whenever there is a cut in interest rates, we often start talking about how homeowners will benefit with reduced mortgage repayments. Of course, things aren’t as cut and dried as that – there are winners and losers.
Tag: Mortgages
mortgage
Trouble Paying Your Mortgage? Try These 7 Tips
It’s a sad fact that over 19,000 homes were repossessed in the first half of this year, and with the way things are going, that figure should be easily surpassed during this second half.
So if you’re struggling to pay your mortgage, what should you do? Here are 7 tips (plus a bonus tip) that will help you out.
Has The Interest Rate Cut Affected Your Mortgage?
So, you may have heard that interest rates have been cut by 0.5% today, in an announcement that was made a day earlier than expected.
How has the rate cut affected your mortgage?
Stamp Duty Change Reactions
The big story of the day is the 1-year change to stamp duty announced by the Government.
In a bid to stimulate some interest in the housing market, the lowest threshold for paying stamp duty has been raised from £125,000 to £175,000 until September next year.
Stamp Duty Confusion Affects 83% Of Movers
A couple of weeks ago Alistair Darling appeared to suggest there may be plans afoot to change the way stamp duty was charged, causing widespread uncertainty in the housing market as people waited for confirmation.
Stamp Duty Confusion
Looks like the Chancellor, Alistair Darling is in a bit of a mess over possible changes to stamp duty.
Are You Feeling The Crunch?
FreeMoneyFinance recently asked are you feeling any economic pain, so I thought I’d look at the same subject from a UK perspective, and poll Money Watch readers on whether you are feeling the effects of the credit crunch yet? When I say crunch here, I’m using the term loosely, as I’m referring to more than […]
Searching For A Good Mortgage Is Now Harder Than Ever
If you’d asked me a few months ago what the best way to get a new mortgage was, I’d have told you to find yourself an independent mortgage broker, and let them do the hard work for you. With the credit crunch hitting the mortgage market hard, lenders had been withdrawing mortgage rates left right […]
Why First Time Buyers Should Haggle Harder Than Ever
Yesterday I talked about haggling for discounts and mentioned my biggest discount; getting £4,000 off the price of our house. As John pointed out in the comments, this probably wasn’t the greatest deal ever done, as the average house apparently sells for 93% of the asking price, whereas we probably paid about 97% of the […]
The Sub-Prime Mess Comically Explained
If you’re wondering how we ended up with the credit crunch, following the problems with sub-prime mortgage lending in the US, then this funny set of slides might help you understand. Beware, there is some adult language, but it’s worth going through the full 40-odd images for a good chuckle. The Sub-Prime Primer Credit for […]