Nationwide acquires Dunfermline mortgages
March 31, 2009
Following losses of £26 million Scotland‘s largest building society, the Dunfermline, has been sold to the highest bidder. The Nationwide is set to take over the building society’s good loans and mortgages, deposits and branches. The Treasury is to take over around £1.5 billion of debt and commercial lending.
The Dunfermline sale was rushed through by the Read more
CeMAP distance learning success rates
March 30, 2009
CeMAP course success rates – When potential delegates consider enrolling for a potential life-changing course such as the CeMAP, one question that is often on their minds is the success rate of the courses. Many reputable training companies are lucky enough to see very high success rates on their full time courses, but when considered statistically, this could be considered quite normal because delegates have proven they are committed by taking the time off work and paying for the course, or alternatively, they have proven to their employer they are dedicated enough that the company will pay for their training.
However, distance learning poses Read more
Recession is your chance with a CeMAP qualification
March 29, 2009
The country may be in the grip of recession, with the financial outlook bleak across the globe and unemployment being at record levels, but this is actually the best time to be going it alone in business. Many of the biggest and most successful businesses were born out of recession, as any financial climate offers opportunities for those willing to taking advantage of them.
CeMAP training is one such course you could undertake so that you’re in a position to act when the economy begins to recover. CeMAP, as explained in the below video, is the Certificate of Mortgage Adviser Practice, as is required for anyone to become a mortgage adviser in the UK.
With the government taking measures to ensure that mortgage lenders become more competitive and more offers are made for buyers, the housing market is certain to recover, if not by the end of this year, at some point in 2010. It’s essential therefore that you’re in a position to capitalise on the market recovery when it eventually happens.
CeMAP tests for success
March 28, 2009
CeMAP tests can be a good idea for you to practice on past papers or past questions before you take the actual CeMAP exam itself. However, there are a few common pitfalls to avoid.
Firstly, avoid buying secondhand test papers or revision information from places such as eBay. Although past papers and questions can be good practice, if they are from a company or a Read more
Fixed rate mortgages increase in popularity
March 27, 2009
Mortgage advisors will be seeing an increase in the number of borrowers looking for a fixed rate mortgage according to new figures from investment firm Legal & General.
According to the research, a huge 71 per cent of residential mortgage borrowers have chosen a fixed rate mortgage in the first quarter of 2009. The same quarter last year showed just 65 per cent.
Similar data was released from the Council of Mortgage Lenders (CML), which showed a Read more
Financial mortgage schemes should expand, says CML
March 26, 2009
The Council of Mortgage Lenders (CML) has requested that the Government should ensure that their Budget, to be announced in April, should expand the HomeBuy Direct mortgage scheme so more people can enrol.
The scheme is designed for first time buyers earning less than Read more
Increased mortgage approvals a good sign
March 25, 2009
Mortgage approvals have increased for the third consecutive month; a sign being taken as good news for the housing market.
According to recent figures from the British Bankers’ Association (BBA), the figures for February shows just over 28,000 mortgage approvals in comparison to 24,000 in January. These figures are still around 30 per cent fewer than twelve months ago.
The BBA has cited a growing market share in mortgage Read more
The one penny mortgage
March 24, 2009
Thanks to falling interest rates, one Middlesex couple hit the headlines today as it was revealed that their mortgage is now charging only a nominal rate of 0.001 per cent interest.
The couple chose a variable rate and admit they Read more
Mortgage rates unlikely to drop
March 23, 2009
According to a report from the Financial Service Authority’s (FSA) chairman, Lord Turner, rules on tighter regulation such as those discussed in recent articles are likely to result in consumers facing higher mortgage rates as they bear the costs.
In order to prevent another banking crisis in the future Read more
Mortgage miss-selling ruling could set a precedent
March 22, 2009
A man who had his house repossessed has won a remarkable victory with the ombudsman when it was ruled that he was miss-sold on his mortgage. The victory could set a precedent for other people who are facing repossession after being unable to make their mortgage payments.
As the recession takes hold of the UK, it is estimated that as many as 75,000 families could be facing repossession, which is a 35,000 more than the figure last year. This estimated data comes from the Council of Mortgage Lenders (CML).
The man (whose real name has been withheld) found he couldn’t make his mortgage Read more
