Over the course of the past couple of months we have seen the Bank of England reduce the base rate of interest on home owner loans and other secured loans by 2 per cent, to three per cent and it seems likely that we will see further rate cuts going forward, possibly even before Christmas.
Whilst [...]
It is a well known fact that if someone is applying for a mortgage or home owner loan, the larger deposit they have managed to save up, then the better deal they are likely to get on their loan.
Apart from the fact that a borrower with a larger deposit will obviously only require a smaller [...]
We have been constantly hearing, over the course of the last twelve months, about the stagnating housing market and the declining number of home owner loans being approved by lenders, but at last there is a little more positive news.
According to the latest monthly figures from the Council of Mortgage Lenders (CML), there was actually [...]
No, you haven’t misread the title of this article, it’s true….the number of new home loans has actually increased through the month of September! The latest news on the housing and mortgage loan markets comes from figures just released by the Bank of England which reveal that the total amount of new home loans increased [...]
Earlier this week the Government issued new protocols to the courts for use with cases of repossessions, where home owners have fallen into arrears with the repayments on their mortgage or home loan, which are designed to protect the interests of home owners and make repossession a last resort of the lender.
On the back of [...]
Due to the recent concerns over the increasing level of arrears and possession proceedings which have been brought against UK home owners who have been struggling to keep up with the repayments on their mortgage or homeowner loan, the Government has introduced new measures to help individuals remain in their homes and also maintain ownership, [...]
High loan to value ratios on mortgages and homeowner loans are becoming quite scarce, as banks and building societies continue to withdraw their products from the market place and reduce the level of risk they are prepared to take on any kind of loan.
Since the beginning of the credit crunch last year, there has been [...]
