For several years Britain has been denying that it is facing the credit crunch that has gripped the financial markets of the United States. While financial institutions collapsed and entire neighborhoods were abandoned to become ghost towns throughout the USA, Britain appeared to dodge the silver bullet and emerge unscathed from the loose lending criteria […]
Once upon a time self-employed workers found it nearly impossible to get a mortgage unless they had an enormous deposit and a large income from their business activities that spanned many years. Those times may be about to return as lenders are pulling their self-certification mortgage products from the market as if they are tainted […]
The credit crunch is in full swing in the USA and laying in its wake are failed financial institutions, record losses by those left standing, ghost towns awash with abandoned homes, and drastic measure implemented by the Federal Reserve to decrease the costs of borrowing and ease the crisis. While there is no doubt that […]
If you have been made bankrupt you may think there is no chance you will ever be able to secure a mortgage again. It is true that while you are legally bankrupt you will not be able to successfully apply for finance, but once you have been discharged the situation can change.
When a person or […]
If your home loan is costing you more money than it should or if you are nearing the end of a fixed interest rate or discounted rate period you may be preparing to remortgage. Switching mortgages is quite common in the UK with most home owners remortgaging on average about every seven years.
Exactly which home […]
The buy-to-let market has come a long way since it’s inception in 1996. At that time there were only four lenders who offered mortgage products specifically targeted at the private rented sector. Those lenders were pioneers in an industry that has boomed considerably over the past decade.
Now there are almost 50 lenders who offer a […]
Property investment first came into existence in the UK in the 1990s and has boomed considerably in recent years. Although there has been some recent turmoil in the financial markets experts still consider property to be a solid long-term investment. The downturn is also considered to be temporary and not severe meaning the property investment […]
Adverse credit mortgages are arranged for home owners and first-time-buyers with impaired credit files. People with adverse credit are usually excluded from applying for mainstream mortgage products and are therefore forced to seek alternatives.
Several years ago the market for adverse credit mortgages was flooded with products. Most mortgage lenders had products on offer to borrowers […]
With over a million UK householders reaching the end of their fixed rate mortgage deals this year the market for remortgages should be heating up. Instead, the market has cooled as the effects of the global credit crunch slowly erode the confidence and profits of UK mortgage lenders.
Borrowers with mortgage products that contain fixed or […]
There is no doubt that the buy-to-let market is about to face some challenging years. If you were to believe everything you read in the press about investment property you might think the entire property market was about to collapse under the weight of buy-to-let repossessions. Thousands of would be property millionaires have collectively lost […]