
Hodge has launched a RIO fixed rate for life mortgage as 'UK First'. See below for details. https://www.financialreporter.co.uk/retirement/hodge-launches-fixed-for-life-rio-mortgage.html read more
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Posted by Rob Robertson
Hodge has launched a RIO fixed rate for life mortgage as 'UK First'. See below for details. https://www.financialreporter.co.uk/retirement/hodge-launches-fixed-for-life-rio-mortgage.html read more
Posted by Rob Robertson
This is great news. Lower fixed rates gives us more of that. https://www.mortgagestrategy.co.uk/average-two-year-fixed-rate-marginally-falls-moneyfacts/ read more
Posted by Rob Robertson
Three market industry leader have there option of a 100% mortgage making a return. Read here if interested http://www.mortgagesolutions.co.uk/your-community/2018/03/21/100-ltv-mortgages-make-comeback-marketwatch/?utm_source=customsell&utm_medium=email&utm_campaign=msol-editorial-newsletter-market-watch-house-advert-bsla-21-march-1521644293 Here is my 2 cents worth. Yes they should but, under the following criteria. 1) Minimum interest rate should be 5% and this would be fixed for 5 years 2) Bring back read more
Posted by Rob Robertson
I just finished reading an article about how the mortgage fixed rate products are being kept low because of a sluggish housing market. Read here if you are interested. http://www.telegraph.co.uk/personal-banking/mortgages/sluggish-housing-market-keeps-mortgage-rates-rock-bottom-even/ It amazes me on the flip flog news article I am seeing of late. One article stating that rates are going up and expect doom and gloom and then others saying how the rate will stay low. I know everyone has an opinion, but these are read more
Posted by Rob Robertson
I just finished reading the Daily Mail (Money Mail Section Sep 20th 2017) According to the article, young home buyers are taking on billions of debit just as interest rates are about to rise. The article also stated that more than £35 billion of fixed home loan deals will come to an end in the next 2 months and these borrowers will then be moved onto a variable rate deals. Folks. The article was very negative and did a lot to try and scare the public but gave little in the way of solution or advice. It is read more
Posted by Rob Robertson
Such "reversion" rates are often the same as the lender's standard variable rate, or SVR. According to Ray Boulger of John Charcol, the broker, SVRs can currently be as high as 5.75pc. This could mean that some banks are forced to stress test at a very high rate of 8.75pc. Stringent new rules on mortgage affordability could force borrowers to prove that they could afford repayments almost twice as high as the expected monthly cost of their loan. The Bank of England announced the beefed-up rules on affordability or read more
Posted by Rob Robertson
Check out this quick vid as a FYI to mortgages https://www.youtube.com/watch?v=IAA1i8r1Gl8 read more
Posted by Rob Robertson
The "Bank of Mum and Dad" is the 10th biggest UK mortgage lender as buyers increasingly rely on financial support from their parents, a report suggests. Parents will lend £6.5bn this year, according to insurer Legal and General, and be involved in 26% of all UK property transactions. This is up from the £5bn of lending estimated in L&G's equivalent survey a year ago. The average first-time buyer requires a deposit of about £26,000, lenders say. Figures from the Council of Mortgage Lenders (CML) show that the read more
Posted by Rob Robertson
BRITAIN’S biggest building society has unveiled some of its lowest ever ¬mortgage deals for first time buyers — ramping up the war between lenders. Nationwide Building Society is cutting rates on selected two and five-year fixed and two-year tracker mortgages by up to 0.1%.ETTY IGES 3 Nationwide is cutting rates on selected two and five-year fixed and two-year tracker mortgages by up to 0.1 per cent For those with a 10 per cent deposit, often first time buyers, its two-year fixed rates have been cut to 2.19 per read more
Posted by Rob Robertson
The research from L&C Mortgages also discovered that 30 per cent or 3.4 million households do not know their current interest rate of their mortgage, and with a total £2.78 billion in lost. ‘Lack of awareness’ Standard Variable Rate mortgages (SVR) appear to be the biggest offenders. With 36 per cent of homeowners on SVR mortgages which tend to be higher sees homeowners lose hundreds every month. David Hollingworth from L&C Mortgages explains, “It’s worrying to see so many people still on a Standard Variable Rate read more