After the global financial crisis banks and home loan companies tightened their leanding criteria making obtaining a mortgage harder. Now homeowners who don’t search the mortgage market are not only faced with lenders that wont led but mortgage producst with rates that vary according to an individuals circumstamces. To make life even harder your high street bank or lender that you are famir with...
New reports from LMS, revealed that in May, over half of those who decided to re-mortgage did so to take advantage of the good rates available to reduce their mortgage rate.The survey showed that 32 percent were able to lower their monthly costs by about £500, while the percentage of people who were re-mortgaging to increase the amount of their credit grew by 2 percent from 24 percent to 26...
Designed for people aged 55 and over, the flexible lifetime mortgage it is partly responsible for equity release sales rocketing by 36% since 2013. It is ideal if you own your property, are asset-rich and want to access to this wealth in a flexible, safe way without having to sell your property and move. The facts about flexible lifetime mortgages 1. With this flexible plan, you...
The number of UK mortgages in serious arrears is at its lowest level since the global economic crisis of 2008. For lenders, buyers and homeowners alike this can only be good news; the housing market is recovering and people are regaining the financial stability they need to maintain their monthly mortgage payments. In the first quarter of 2014, there were 138,200 loans in arrears of at least 2.5% of the...
The reasons to invest in a mortgage broker are innumerable. The problem is always in succinctly explaining exactly why a mortgage broker is not a costly and superficial expense when purchasing a home, but can actually save home buyers money. Most simply, people do not always realise that spending extra money when they are already spending so much on a mortgage or new home is a prudent move. Even amongst...
Lenders across the UK are looking for new business and fixed rate mortgages have continued to fall. For buyers, there may be a little flexibility around but for borrowers who are looking to remortgage, it may be a good idea to wait. We take a look at some of the factors that influence mortgage pricing and how you can recognise signs that rates are about to rise. Factors that affect mortgage...
The cost of getting fixed-rate mortgages has been on a steady decline for a while. This suggests that as a home owner, there is a definite possibility of you getting a better deal if you put your remortgage plans on hold. Figures show that the rates for two-year fixes are at some of their lowest ever for prime borrowers, and 10% deposit mortgages are again available. Thanks to the record low rates, the...
They say that moving house is one of the top ten most stressful things you can do in your lifetime, and when you consider everything that has to happen before you can even consider packing your first box, it’s little wonder! From dealing with estate agents and solicitors to hiring a reputable removals company, the list of things to do is seemingly endless...and it all starts with the mortgage...
USHE Overseas mortgages specialists have secured mortgages lending for non nationals wishing to buy property in London UK. The company have witnessed increased demand for UK real estate owing to the forthcoming London Olympics USHE can now secure lending in the UK to individuals residing in FATF countries. These include Argentina, Australia, Austria, Belgium, Brazil, Canada, Denmark, Finland,...
Overseas mortgage specialist USHE Overseas Ltd have announced a new Spanish mortgage that can run up to your 80th birthday making thousands of retired individuals now eligible for a mortgage in Spain. The non resident Spanish mortgage is a combination of interest only for the first 15 years reverting to repayment in the latter part of the mortgage making it more affordable in the early years...
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