Can you still get on the property ladder?
January 11, 2009
Stepping foot on the property ladder is the dream and ambition of most couples starting out in life, however due to the current economic climate and the reluctance of many banks to issue mortgages to people unless they have at least a 25% deposit means that it has become increasingly difficult for anyone to get on the property ladder.
The question many people ask is, with the property market in a downward spiral, is it a good idea to invest in property at this time, even if they are able to secure a Read more
How much should I pay for a mortgage lead?
January 10, 2009
We have discussed in an earlier article how lead generation can be particularly important when you have finished your CeMAP training and are just starting out in your new career. The first few months are often the most difficult.
We talked about where to find your leads and how to ensure they are both fresh and that you use a reputable company, but how much a mortgage lead is worth is one of the burning questions delegates have on their minds when attending a mortgage advisor course.
The conversion rate of leads is Read more
Property bargains for the cash-rich
January 9, 2009
According to the Mail this week, a quarter of all house loans now require a 40 per cent deposit, not something that everybody has hanging around in their bank account at the moment. On an average house price of £160,000 that means £64,000 deposit – ouch.
Research from financial company Moneyfacts shows that last February only 24 mortgage deals from lenders required this level Read more
House prices will only increase when lenders relax
January 8, 2009
The start of a New Year is the time when we all make predictions for the next twelve months, but one of the most difficult areas to forecast at the moment must be the housing market. Some experts predict an optimistic flat market, whilst others are predicting a rather negative drop of up to 20 per cent or more.
In some parts of the country, house prices are already at lows not seen in the last decade.
Naturally, this means Read more
Help for struggling mortgage holders
January 7, 2009
Experts have predicted that repossession figures this year could increase to up to 75,000 – quite an increase on the 45,000 from last year.
In response, the Government has announced mortgage relief for those on unemployment benefit, which could be quite a number judging by the volume of redundancies being announced in the media on a regular basis at the moment.
The Support for Read more
Is CeMAP training a good idea right now?
January 6, 2009
There are still a lot of people who are very interested in getting into the mortgage market and working as a mortgage advisor because we all know that in the long term, house prices rise and it is the British culture that we all want to own our own property.
However, although there are still lots of enquiries coming through for the CeMAP training courses for CeMAP 1 and CeMAP 2 & 3, many people are naturally asking the question “Is doing a
CeMAP training course a good idea right now?”
Overall, although Read more
Tips for using lead generation
January 5, 2009
In tough times like these, some mortgage advisors are still thriving, so how are they doing it?
In an ideal world, all your clients would get to know you, refer you to their friends and family, who would refer you again and you could just sit back and have all your clients come to you, but in the real world, this doesn’t happen. You need to work your contacts, keep notes of when your existing clients mortgage deals will be coming to an end so you can get back in touch and particularly when you are just starting out, such as when you’ve completed your CeMAP training and Read more
Halifax say house prices have returned to 2004 levels
January 4, 2009
According to reports from the Halifax, homeowners have had an average of £3,000 disappear off the value of their homes every month during 2008, resulting in house prices being reduced to the level they were at in 2004. Figures show that prices have fallen on average by 18.9%, where the average home value now stands at just £159,896.
This means that a total of £37,000 has been wiped off the value of the average home, as prices fell for eleven months consecutively during 2008. House prices are predicted to fall further in 2008, with experts from the Halifax, the biggest mortgage lender in the UK, forecasting bad Read more
Benefits of CeMAP home study courses
January 3, 2009
Most financial training companies only offer in-house or on-location CeMAP training courses, however, these do not suit everyone, so here are a few advantages of taking a home study or distance learning course instead:
- Even though a full time
CeMAP training course might not suit you, almost everyone agrees Read more
Why should you take professional CeMAP training?
January 2, 2009
CeMAP training does not have to be undertaken with a professional financial training company. Indeed, you can simply register with the ifs School of Finance and study the manuals. However, many people do take professional
CeMAP training, so what are the advantages of doing so?
- Pretty much the entire mortgage industry believes Read more
