Paragon resumes buy-to-let mortgages
September 30, 2010
In a move that many mortgage advisors may see as a sign that the recovery of the buy to let mortgage market is set to start in earnest, mortgage provider Paragon has said it is set to resume buy-to-let mortgages as the demand for rental is increasing. Read more
First time buyers welcome new 90% Co-op mortgage
September 27, 2010
A new mortgage was recently unveiled by The Co-operative Bank that offers a loan to value (LTV) of up to 90% and is specifically aimed at the first time buyer.
The Co-operative Bank and its subsidiary company Britannia have Read more
Mortgage blues battle as number of lodgers rises by 15%
September 24, 2010
A recent survey showed that over 200,000 couples now have lodgers – a 15% increase over the last three years, according to a report in the Mail Online.
The figures show that the number of lodgers is now as high as it was in the 1960’s. As the 1970’s sitcom, Rising Damp highlighted, many older women living alone used to take in lodgers to increase their income.
The current trend however Read more
Falling property prices make buyer’s market
September 21, 2010
New figures published today show that property prices within the United Kingdom have fallen for the third consecutive month.
This dip in house prices is fuelling Read more
Mortgage brokers defend use of interest only mortgages
September 18, 2010
Mortgage brokers have defended the use of interest-only mortgages, in a move that backs the warning given to the FSA by the Council of Mortgage Lenders (CML), which claimed that proposed changes could kill off the interest only mortgage altogether.
In its Mortgage Market Review (MMR), the Financial Services Authority has proposed Read more
Mortgage advisors say best fixed rate deals available for years
September 15, 2010
Thanks to the current low base interest rate, the current climate means that some of the mortgage deals on offer at the moment are some of the most affordable deals available for a number of years, according to a report in MoneyNews.
Speaking with Ray Boulger, a representative of mortgage broker John Charcol, the report highlights how the percentage of income being spend on mortgage interest in Read more
London mortgage activity on the increase
September 12, 2010
Figures from the National Mortgage Index have recently been released for August, showing that concern and fear over house prices have forced a regional dip in mortgage activity. Yet London bucked the trend as purchase mortgage applications increased in London by Read more
Coventry Mortgages makes pledge on linked mortgage deals
September 9, 2010
In a move that many mortgage brokers and advisors may indeed emulate, a senior spokesperson for Coventry Mortgages has said it should be a logical step for the firm to make a pledge against mortgage deals with linked products.
When talking about mortgages, linked products are Read more
Mortgage range overhauled by Manchester Building Society
September 6, 2010
Manchester Building Society is set to revamp its mortgage range, according to a recent article in the Mortgage Introducer.
The overhaul means that the number of residential mortgages and buy-to-let mortgages available to mortgage intermediaries is set to increase and a new range of Read more
£36 million mortgage for Tiger Woods
September 3, 2010
World famous golfer Tiger Woods has reportedly taken out a mortgage worth £36 million for his Florida mansion home, according to a report in The Telegraph.
Just days following the sports star’s divorce Read more
