Mortgage Deals Help…

The Big Question – Can I Get A Mortgage?

Probably the main question on most people’s lips regarding the UK housing market at present is “Can I get a mortgage?”  Borrowers are stuck between lenders not lending and a housing market that is stuck in a rut.  

Affordability is key as with the desire for lenders to [...]

Deposit Restrictions Easing 

As of the beginning of February the percentage of new mortgage deals that require a 25% or greater deposit has dropped below 50% for the first time in 2 years to 46%.  This seems to be a sign that lenders are easing back on their loan restrictions, even though they have warned they [...]

95% Mortgages Not To Blame

Declining demand for property is forcing a general drop in house prices. With too few buyers being outweighed by sellers, a mortgage drought with very few 95% mortgages, and general uncertainty with the economy pressure is on for prices to fall.  The impending increase to the base rate may be the [...]

The New Mortgage Drought

The Council of Mortgage Lenders (CML) has responded to the consultation implemented by the Financial Services Authority (FSA) on interest only mortgages.  The FSA are proposing that lenders will be required to annually check the repayment methods borrowers have in place. The CML suggest that the costs associated with this compliance will [...]

Mortgage arrears dip in 2009 as base rate is at record low
 
There has been a fall in the number of homeowners falling into arrears.  The number of borrowers falling behind with their minimum repayments has dropped by 4% to 378,000 in the last quarter of 2009.  The statistics from the Financial Services Authority (FSA) also [...]

Banking and mortgage complaints figures released
 
The Financial Ombudsman Service has released data on complaints received from individual financial businesses for the second half of 2009.  These are complaints made to the ombudsman between 1 July and 31 December 2009 which include mortgage complaints.
 
Within this six month period the ombudsman received 82,136 new complaints. This shows [...]

The fragility of the UK mortgage market is a concern to many homeowners as well as first time buyers.  The BBC’s Business Editor Robert Preston gives an interesting insight into the current state of play and how the mortgage market may play out in the next few years.
Here is his blog article in full: http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/02/the_acute_vulnerability_of_the.html
Your [...]

Mortgage paid with a credit card
 
A survey carried out by the housing and homelessness charity has revealed the shocking fact that more than 1 million homeowners have used a credit card to pay for their mortgage or rent in the past 12 months.
 
The respondents of the survey were asked if they paid their rent or [...]

Darling to Meet With Banks To Discuss Mortgage Lending
The Chancellor of the Exchequer Alistair Darling has said he intends to meet up with the major banks within the next couple of weeks to discuss aiding the recovery of the housing market.
Darling said, “The position with regard to individual lending, especially for mortgages, has got better. [...]

Housing Market Taskforce Put in Place by JRF
 
The Joseph Rowntree Foundation (JRF) who seek to understand the root causes of social problems, identify ways to overcome them, and to show how social needs can be met in practice have brought together a group of leading experts in order to develop long-term policy options that would [...]