‘Just when you thought it was safe to get back in the water……..’ You think you have your mortgage ducks in a row but you still get a refusal. The reasons for many of the current mortgage refusals include the lenders own problems, a perception of your status problems or a property related problem. Above [...]

There are a variety of mortgages available to suit your circumstances. The mix of different types of mortgage vary due to the way interest is calculated or on the type of person, property or deal to be done. Mortgage Types Based on Interest Charges Offset Mortgages are set up so that any money you have [...]

The mortgage industry is still risk averse and the FSA are bringing in new ‘safeguards’ and getting a mortgage is still tough. 2012 more than most other years requires mortgagees to be even better organised than in the past. ‘Getting your ducks in a row’ will help you obtain a mortgage. Leaving gaps in your [...]

The squeeze on borrowers and longer term arrears continues to harden. The Borrowers Position on Arrears and the lenders perspectives have not changed significantly and it seems to be an issue of confidence that is holding everyone in the housing market back at the moment. Time and a few good results will put that too [...]

Housing market UK has an economic angle for George Osborne to consider. Reintroduce the scheme of mortgage interest tax relief. This scheme was prevalent until 2000 when it was abolished but not before it had helped many on to the property ladder and towards achieving independence with their housing. Benefits of Mortgage Interest Tax Relief [...]

My 35 year old son asked if there were ‘any benefits to paying off his mortgage early?’ I think the generations have a different view when it comes to debt and borrowing so this is an interesting challenge on which I can respond. Headline Benefits on Early Debt Repayment You own the property free and [...]

It is counter intuitive that a personal loan costing can reduce your over all mortgage cost but there are several cases where this is true. Personal Loans That Reduce Mortgage Costs Some mortgages cost more than a cheap personal loan. Mortgage rates are often sensitive to the loan to value percentage(LTV). If you can take [...]

With an increase in life expectancy, later first mortgages and important changes to the rules on retirement you would expect changes in the provision of mortgages. The mature borrower may still find it hard to get a mortgage when they reach their mid 40′s. Note to mortgage providers people in their 40′s are not old [...]

Getting a mortgage is not easy in the current climate of expensive prices and uncertainties surround the housing market and mortgage industry. These are some suggestions for getting your first mortgage. 1. Don’t worry about Short Term Volatility One current problem with the housing market is its volatility and uncertainty. When buying a house thing [...]