How to pay your mortgage off in two years
January 30, 2010
It looks likely that interest rates may well increase this year and all the signs are there. Those on variable rate mortgages could do well to remortgage to a fixed rate deal if they want to avoid feeling the blow of every increase. Many of us would love to live without a mortgage, but of course paying a mortgage off in advance is something we have to work hard to do – particularly if we stretched ourselves to get the mortgage in the first place. Read more
Kerry Katona blows mortgage money on spending spree
January 26, 2010
According to several reports in the media this weekend, Kerry Katona has blown her mortgage money on a spending spree where in one month she has apparently spent £140,000 on spa trips, alcohol and clothes according to the News of the World.
In December, we reported how Katona faces eviction after failing to pay her mortgage and last week she was Read more
Can you really pay off your mortgage in two years?
January 24, 2010
To be able to completely pay off your mortgage is an ambition many ordinary people would love to achieve as living mortgage-free would make a huge difference to most lives. In 2006, the BBC ran a six episode programme called Pay Off Your Mortgage In Two Years in which it followed eight individuals or families who followed advice from business expert René Carayol. Read more
Are mortgage interest rates going to go up?
January 21, 2010
Whether or not you believe mortgage interest rates are going to rise or fall will determine your choice of your new mortgage or remortgage.
Inflation generally has an impact upon interest rates; if inflation rises too high then one way to reduce it is to increase the Bank of England base rate.
The government target set to the Bank of England is to keep inflation at a rate of 2 percent.
According to figures released this week, Read more
How to get your debt under control
January 18, 2010
Overwhelming debt or struggling to pay your mortgage is a depressing problem for many adults in the UK. According to Credit Action, a debt charity, if you take into account mortgages then the average UK adult owes £30,266 – that’s more than the average annual income.
Without mortgage debt, the average UK adult still owes £4,708 on loans, credit cards, payment deals and overdrafts.
As every reputable mortgage advisor will Read more
Northern Rock customers split into ‘good and bad bank’
January 14, 2010
Northern Rock customers have received notification of the bank’s split – and which bank they fall into, so what does it mean for existing account holders with the bank? Read more
Bank of England base rate may not ward off rising mortgage rates
January 12, 2010
Many homeowners will have been relieved to hear that the Bank of England’s Monetary Policy Committee confirmed that the current base interest rate of 0.5 per cent would be maintained for another month but it was suggested that mortgage lenders would still increase their standard variable rate (SVR) this year. Read more
RICS predicts pre-credit crunch house prices for 2010
January 9, 2010
If demand for houses continues to be so much higher than the number of houses being put on the market then we could see house prices hit the same levels as before the credit crunch this year, according to the Royal Institution of Chartered Surveyors (RICS). Read more
Mortgage products to increase in 2010
January 6, 2010
Since the times before the credit crunch, back in 2007, not only has the number of mortgage products fallen drastically but the types of mortgages have also changed. You can no longer find the 125 percent mortgages and there were only a quarter of the 95 percent LTV mortgages at the end of 2009. Self certification mortgages too have died a death.
Yet a couple of weeks ago Read more
Become a mortgage advisor in 2010
January 3, 2010
As New Year’s Day approaches, many of us turn our thoughts to what we want from the year ahead and some of us even solidify our goals into New Year’s resolutions. A career change or progression within our career is often high on the agenda, so what would a CeMAP qualification do for you? Read more
