Lloyds reveals negative equity mortgage product
January 30, 2011
Borrowers trapped in negative equity may still be able to move house thanks to negative equity mortgage deal revealed by Lloyds Banking Group.
Named the Equity Support Scheme, this new product will allow Read more
Are you missing out on saving thousands of pounds on your mortgage?
January 27, 2011
If you’ve been sitting on your mortgage lender’s Standard Variable Rate (SVR) then you could be unknowingly wasting thousands of pounds. With the Bank of England keeping its base rate at an all-time low, many believe they’re on the lowest repayment they could have but not in Read more
FSA may introduce new financial qualifications for particular products
January 24, 2011
The Financial Services Authority (FSA) has hinted that it may force financial and mortgage advisors to take additional training and qualifications if they are to advise on certain non-mainstream products or deals that the FSA is concerned may lead to customer dissatisfaction.
With qualifications Read more
Inflation expected to spark rush of remortgages
January 21, 2011
Many mortgage advisors believe the recent media focus on the rising rate of inflation is likely to spark a rush of borrowers seeking a remortgage to a fixed interest rate deal.
The measured rate of inflation (as calculated by the Consumer Prices Index) rose to 3.7 percent last month, almost double the government target of just two percent. When inflation rises, the cost of living grows and the £1 in a person’s pocket will buy them less than it did just a few months ago. Normally when inflation increases over the target, the Bank of England’s response is to Read more
Mortgage advisors remain optimistic about 2011’s mortgage market
January 18, 2011
According to a recent report by TMA (The Mortgage Alliance), 86 percent of its club members expect their business volumes to rise over the forthcoming twelve months.
The mortgage club conducted a survey amongst its Read more
How the change in retirement ages could affect mortgages
January 15, 2011
The removal of the default retirement age (DRA) is likely to have an impact, not only on the way people plan for the latter part of their life financially, but also how mortgage lenders view the terms of their mortgages.
Many lenders will not allow borrowers to extend the term of a mortgage beyond the age of 65, but according to Sue Anderson, speaking on behalf of Read more
5 year mortgage range withdrawn ‘due to unprecedented demand’
January 12, 2011
This week, Skipton Building Society made the decision to withdraw its popular range of 5 yr fixed rate mortgages. The move included the withdrawal of the lender’s Best Buy 90% loan to value option.
According to the Yorkshire-based lender, the decision was Read more
David Cameron encourages lenders to increase mortgage lending
January 9, 2011
Echoing the thoughts of many finance experts, Prime Minister David Cameron voiced concerns that UK banks and building societies have taken steps ‘too far’ in moves that are stopping ‘good risk’ home buyers from acquiring a mortgage.
Mr Cameron warned that Read more
CeMAP Training: How long does it take?
January 6, 2011
When someone starts to look for a CeMAP training course, many will focus on how long the actual course is or, with home study training, how many average hours the materials should take. However, once they have started their
CeMAP training, many students find they have other Read more
Is CeMAP training at home for you?
January 3, 2011
In our recent article, we discussed the growing availability of CeMAP training at home and in the classroom and how demand in this area is expected to surge. This increase in demand makes it all the more important that you choose the best CeMAP training for you. Is
CeMAP training at home for you?
With any form of distance learning, a major Read more
