As Scotland’s home owners brace themselves for higher mortgage bills to begin dropping on door mats this week, house price experts have warned that property inflation has peaked and the market is heading for a slowdown.
Tag: Mortgages
mortgage
Scotsman: Do You Want A Mortgage To Be Your Legacy?
WHEN Kent Reliance Building Society announced the introduction of a lifetime mortgage, it seemed this may be the answer to our home-buying worries.
Read the full article at Scotsman.com
Motley Fool: What To Do If You Can’t Get Credit
Having helped to fuel the biggest borrowing binge in history, British banks are becoming increasingly nervous about lending to individuals.
MoneyExpert: Some Day My Son, All These Mortgage Payments Will Be Yours
Desperate would-be homeowners are being offered a radical new option to get on to the property ladder – the chance to get their future grandchildren to pay off their mortgage.
MoneyExpert: OFT To Decide Next Step On Credit Card Penalty Fees
The Office of Fair Trading (OFT) is set to release its results from negotiations with card lenders over late payment penalties.
Motley Fool: How Not To Get A Mortgage
This is a true story, about how a friend’s nephew was almost driven to penury in his quest for a mortgage (I’ll just call them “nephew” and “uncle” to protect their privacy). Nephew’s mistake, common to many, was to seek the services of one of those mortgage salesmen who masquerade as financial advisors (you know, the kind who work on commission and who make more money the more expensive a deal they sell you).
Motley Fool: Fixed Vs Tracker Mortgages
We regularly write about why you should switch mortgages, such as in the recent article Is It Worth Remortgaging? We show that if you don’t frequently compare mortgages and switch from the always-expensive standard variable rate (SVR), you could be losing around £500 a year.
MoneyExpert: House Prices See FTBs Get Creative
First-time-buyers (FTBs) are creating ever more creative ways of getting on the first rung of the housing ladder, according to a Reuters report.
New “Inherited Mortgage” Launches
The Motley Fool, the BBC and Reuters are covering an interesting story about a new mortgage product that has been launched by Kent Reliance Building Society.
Motley Fool: The Inherited Mortgage Arrives
The Kent Reliance Building Society has just announced that it will be offering interest-only mortgages that can be passed on to your heirs along with the home when you die.