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Friday, 25 February 2011



 THREE members of the Bank of England's Committee voted for an interest rate rise.

It was only a few months ago that ONE OUT OF SIX had voted for a interest rate rise.

The ball is still up in the air but, it is looking more likely that a interest rate rise COULD happen this year. 

Is your mortage rate PROTECTED??????  If it is not fixed! It's not protected

Call Mortgage Information Centre Now (01698-283301) as we have all the deals currently  available and the advice to insure you get the best mortgage for your circumstances.

Friday, 18 February 2011

First time buyers is only 1 in 4

Yep.  It ain't good.  The U.K. need 40% of the housing market to be First time buyers in order to be considered healthy.  http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2026321/-buyer-levels-drop-23

If it is less than 25% this could put a stall to all home movers and a slower recovery to the economy.

Remember when people buy a house they also buy all kinds of goods and services related to that purchase which in turn helps business across the board.

Will intrest rate rise????

This gent seems to think not.  Mr King stated that he believes that Bank of England rate will remain the same at least for now

I am not as convinced.  I think we will see a rise in the Bank of England rate with in the next 4 months UN-less the inflation rate starts to fall.

This is a very strange move by the government to raise VAT and not expect for inflation to rise along with it.

This could be a excellent time to start shopping around for a fixed rate mortgae if you have been on the variable rate for a while.

Monday, 7 February 2011

Santander UK’s gross lending drops 8% in 2010

Another lender blaming bad weather for poor lending http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2023965/santander-uk-s-gross-lending-drops-2010.

As a broker, on the front line, this is not true.  CREDIT SCOREING is the reason why less lending was done last year.

CREDIT SCORING is a computer (that can be adjusted like a tap) that decides if you get a mortgage by taking certain variables and applying a point system to them.  The more points the more likely you will get the mortgage but, THEY (the Lender) can change the points so, if you get 10 point for being self employed in January 2010 it is not inconceivable that you get 5 points for being self employed in Jan 2011.  It is up to the lender and it changes often.

Use a broker for your next mortgage as we know the system and can advise as to what lender has a more or less generous point system.

House prices up by .8% but becareful

House prices are up http://www.myintroducer.com/view.asp?ID=6160&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=228126-Daily+04-02-11

Becareful,  This does not apply to all areas of Scotland but a average in the UK

Do you live in North or South Lanarkshire???? Why not call me for a fre valuation of your home.