Written on June 8, 2011 at 1:16 pm, by Useful Mortgages
First Time Buyer Mortgages How much can I afford? Is it best to get a fixed or a tracker rate? How much will a solicitor cost? Do I need Life insurance? Do all lenders charge a valuation fee? What is the Lenders arrangement fee for? How can I get a lenders decision In Principle? HowContinue Reading
Written on June 8, 2011 at 1:16 pm, by Useful Mortgages
First time buyer mortgages part 2 How much mortgage can you get with a £20,000 deposit? £20,000 takes a lot of saving for a First Time Buyer! You will probably need an 85% loan to value mortgage - the higher the loan to value, the more the monthly pay rate will be. As a rough indication, mostContinue Reading
Written on June 8, 2011 at 1:15 pm, by Useful Mortgages
House purchases One thing is sure, moving home and office is a killer. Having just gone through the process myself I really empathise with my clients who move home! Top Moving Tips: DIP it -Get a decision in principle (DIP) from your lender before you put in an offer on a new purchase. If theContinue Reading
Written on June 8, 2011 at 1:14 pm, by Useful Mortgages
Mortgage Interest rates – what’s going to happen? The general view of economists and markets is that the first rise will come late in the second half of 2011 but the forecast has been shifting and a token rate rise well before that is a possibility. That view was reinforced by MPC (Monitory policy committee)Continue Reading
Written on June 8, 2011 at 1:14 pm, by Useful Mortgages
Remortgages This report has been compiled by Ray Boulger, John Charcol’s respected senior technical manager. “In terms of remortgaging, borrowers with at least 25% equity should be considering a remortgage or product transfer if they are on an SVR in excess of 3%. Anyone with one of the many lenders charging an SVR of betweenContinue Reading
Written on June 8, 2011 at 1:13 pm, by Useful Mortgages
Fixes rate mortgages – a good time to consider them? From Mortgage Strategy 19 January 2011 | By Andrew Montlake Faced with the barrage of news headlines in almost every paper today about raging inflation leading to soaring interest rates, we thought it was prudent to bring a sense of calmness to the media storm.Continue Reading
Written on June 8, 2011 at 1:13 pm, by Useful Mortgages
House prices update Source: Martin Gahbauer, Nationwide’s Chief Economist: Headlines Dec 2010 Jan 2011 Monthly Index* 324.7 322.4 Monthly Change* 0.4% -0.1% Annual Change 0.4% -1.1% Average Price £162,763 £161,602 “The property market entered 2011 with a whimper rather than a bang, with house prices edging down slightly in January. Prices fell by 0.1% month-on-month, leaving pricesContinue Reading
Written on June 8, 2011 at 1:12 pm, by Useful Mortgages
Buy To Let Mortgages Getting a good Buy To Let mortgage Deal: There may be a low starting pay rate for the first 1 or 2 years, but the follow on rate is often around 5% variable. There are some products with a higher starting rate, but the follow on rate is much LOWER. Over 5Continue Reading
Written on June 8, 2011 at 12:49 pm, by Useful Mortgages
Buy 2 Let Mortgages Fancy a Buy 2 Let property – but it needs some refurbishment before its rentable? Most lenders will only consider a Buy 2 Let if it is immediately habitable. There are, however, some products that are designed for Buy 2 lets that need light refurbishment. The refurb must be completed inContinue Reading
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