Debts Repaid Quicker Amid Rise In Mortgage Lending
April 30, 2010
According to the UK’s major banks, borrowers have continued to pay off loans amid an increase in mortgage lending for March.
The British Banker’s Association (BBA) revealed that the number of mortgages approved for house purchase was up 5% on figures for February, with the total standing at 34,905. Read more
Average UK House Price at its Highest For Over a Year
April 27, 2010
New research has revealed that the average house price in the UK is at its highest level since December 2008.
A Hometrack survey has shown an increase in house prices for the ninth month in a row, although April’s 0.2% rise was down on the previous month’s 0.3%. Read more
Northern Rock announced buy to let mortgage range
April 24, 2010
Northern Rock’s Everyday mortgage range has now been extended to include a new fixed-rate set of mortgages for the buy to let market.
The new buy to let range includes a two year fixed deal available for those with 60 percent loan to value or more offers an interest rate of 5.49 percent, or for a 70 percent loan to value the interest rate increases to 6.09 percent. Read more
Jump In Mortgage Lending Figures for March
April 21, 2010
The Council of Mortgage Lenders (CML) has reported a steep rise in mortgage lending for March.
Figures published show that lending surged to £11.5bn for the month – a rise of 24% on February, and up 3% for March of last year when the market had reached its lowest point due to the credit crunch. Read more
Could Flatmate mortgages stimulate the market?
April 18, 2010
Getting on the first rung of the property ladder is daunting, and many first time buyers find they might have to scale back their expectations when looking for a new home.
Those finding it difficult to finance their first purchase would benefit from a ‘flatmate mortgage’, according to house sharing Read more
Mortgage market on the move
April 15, 2010
According to reports from price comparison website moneysupermarket.com, there looks to be some momentum and movement in the mortgage market now – from both borrowers and lenders too.
In recent reports, the website revealed figures about the numbers of people using the website’s services to look for mortgages. The figures showed an increase of approximately 29 per cent from those seeking a remortgage whilst an increase of around 17 per cent was seen in the numbers of first time buyers. Read more
Coventry Building Society launches ‘unique’ mortgage product
April 12, 2010
This week, Coventry Building Society is launching what has been described as a ‘unique’ mortgage product. The deal is a fixed rate mortgage that allows its borrowers to make as many overpayments on their mortgage as they wish with no limit on the amount they can overpay – with no penalties. Read more
Birmingham community pleased as BoE holds interest rates
April 9, 2010
Experts had predicted that the Bank of England’s (BoE) Monetary Policy Committee would maintain interest rates this month, so the decision was to hold them at the record low of 0.5 percent was not completely unexpected – the decision has been welcomed in many areas but several leaders of the Birmingham community have spoken out in a report by the Birmingham Post. Read more
Do I need special CeMAP training for Scotland?
April 6, 2010
When you intend to work as a mortgage advisor in Scotland,
CeMAP training courses in Scotland are more difficult to find, but do you really need to find a special CeMAP course for Scotland?
There are certainly differences in the syllabus for Scotland, because the land laws in Scotland differ to those in England and Wales. As a result, the CeMAP exam taken in Scotland is different too. Although the Read more
What does the CeRER qualification do?
April 3, 2010
Many of those potentially interested in taking their CeMAP training want to know whether the
CeMAP is the only qualification they need in order to work as a mortgage advisor and what the CeRER qualification is for.
CeRER stands for Certificate in Regulated Equity release and unlike the CeMAP or the CeFA courses, it does require you to have prior knowledge and qualification – you must already have your CeMAP qualification before you can take the CeRER exam.
In previous years, Read more
