Mortgage News & Press Releases
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| Mortgage Meltdown Fears in the UK August 2007 News from The Debt Counsellors: With experts predicting interest rates to rise again, end-of-term mortgage holders face severe financial pressure. Recent Reports indicate that fears of a dramatic increase in the number of houses repossessed are growing, with the Council of Mortgage Lenders (CML) revising upwards its forecast of 18,000 repossessions this year. The two million people whose fixed-rate deal mortgages will come to an end during the coming 18 months are expected to suffer...Related to: United Kingdom Date: January 20, 2008 |
| OffsetMortgageCentre.co.uk Publish Online Comparison of Standard & Offset Mortgage OffsetMortgageCentre.co.uk has recently published an online guide on how standard mortgages compare with offset mortgages. Offset mortgages are also known as flexible mortgages and as the name suggests, the repayment system is slightly different. The full article along with other articles on similar topics can be viewed at http://www.offsetmortgagecentre.co.uk/offset-mortgage.html First of all, the article talks about the repayment structure of an offset mortgage with regard to overpaying, underpaying,...Related to: United Kingdom Date: January 20, 2008 |
| A New Buy to Let Mortgage Gifts First Time Buyers a Lifeline Investors including first time buyers can create instant equity in buy to let property by using a little UK property market research. Until very recently, it has become increasing difficult for first time buyers to get a foothold on the property ladder in the UK. Due to the rapid increase in house prices over recent years, more and more first time buyers are finding it almost impossible to raise the deposit required for a regular residential mortgage. However, by negotiating a 15% discount on any...Related to: United Kingdom Date: January 20, 2008 |
| Central Mortgages Offers Free Advice on Re-mortgaging at Their Newly Re-launched Site he recent re-launch of Central Mortgage?’s website at www.CentralMortgages.com created a new emphasis on providing free information to site visitors in the form of articles and news related to the mortgage industry in the UK. The focus of the new free articles from the UK?’s problem mortgage specialists pertain to re-mortgaging issues due to poor credit conditions, such as bankruptcies and court judgments. Free articles and advice on problem mortgages in the UK are one of the fundamental additions...Related to: United Kingdom Date: January 20, 2008 |
| First Mortgage 'Actively Encourage' Clients to Use the Homestake Mortgage Scheme First Mortgage, the UK's specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients to consider using the Homestake scheme when assessing their suitability for a mortgage. Homestake is a new scheme that is run by Communities Scotland, the City of Edinburgh Council and Glasgow City Council, and is aimed at helping people on low incomes get a foothold on the property ladder. Homestake offers first time buyer mortgages (http://www.firstmortgage.co.uk/First-time-buyer-mortgage)...Related to: United Kingdom Date: January 20, 2008 |
| A New Mortgage Protection Insurance Policy Now Offers Even Better Value for UK Homeowners For many years now there have been some excellent mortgage protection insurance products available in the UK. The main product, Mortgage Payment Protection Insurance or MPPI has been sold online since 1999 by UK companies and their affiliate networks. But now there is a new Mortgage Protection that is cheaper, but is not yet available online. This new 'Red House MPPI' from British Insurance Limited, offers excellent value. Braintree, UK (PRWEB) August 23, 2007 -- British Insurance Ltd have been...Related to: United Kingdom Date: January 20, 2008 |
| 20 per cent struggle to pay mortgage say National Homebuyers A fifth of Britons will struggle to meet their mortgage payments in January, potentially leading to serious financial difficulties. New research from Mind shows that 20 per cent of mortgage holders are having financial difficulties as a result of the expensive Christmas period and harsh economic factors. Much of the problems come from people spending on their credit cards and Mind is warning that it is not just our bank accounts that suffer when we overspend. "Christmas is an expensive time...Related to: United Kingdom Date: January 20, 2008 |
| 1000s Looking A Cheaper Remortgage Interest Rate 1000s Looking A Cheaper Remortgage Interest Rate Over the last few years mortgage holders have fixed their interest rates. In 2008 many fixed rates will revert to he lenders variable rate and so 1000s of will be searching for a better deal. According to Damian Youell of http://www.remortgagesupermarket.co.uk a large percentage of mortgage holders will be shopping around, looking for a better fixed-rate deal. Unfortunately, over the last 12 months, the mortgage market has changed, whereas two or...Related to: United Kingdom Author: Damian Youell Date: January 18, 2008 |
| Borrowing conditions made stricter Price comparison website Moneyfacts.co.uk said that eleven mortgage lenders have reduced the maximum amount of money that they are now prepared to lend to the home buyers. The loan to value ratio has been reduced by these eleven lenders on at least some of their products in the last one month. Some lenders have discontinued offering 100% mortgages while some lenders have decided to ask for a guarantor in case of 100% mortgages. Lenders like Alliance & Leicester, Scottish Widows Bank, Barnsley...Related to: United Kingdom Date: January 15, 2008 |
| Northern Rock to pay back emergency loans Northern Rock, the troubled mortgage lender, has sold 2.2 billion pound portfolio of mortgages to the U.S. investment bank JP Morgan. Northern Rock said that it would use the cash to repay the emergency loans taken from the Bank of England. Northern Rock said: ?“The Lifetime Portfolio comprises gross assets with a balance sheet value of 2.2 billion pounds, representing approximately 2% of the company's total assets at June 30, 2007.?” The mortgage lender fell into crisis in September last year because...Related to: United Kingdom Date: January 11, 2008 |
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