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Saturday, 24 November 2012

Great Fixed Rate

For a limited time (5 days only) Santader will do a 1.99% fixed rate for 2 years. 
£1495.00 application fee that can be added to the loan
60% Loan to value only

Only brokers can do this for you so, call us on 01698 283301

Monday, 19 November 2012

'Broadly stable' housing market with positive signs for 2013

According to Rightmove, this month sees a drop of 2.6% (-£6,407) in the asking prices of properties coming to market, following the now familiar post-credit-crunch pattern of falls in November.

http://www.financialreporter.co.uk/view.asp?ID=11405&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=282138-BREAKER+1+19th+nov

Thursday, 25 October 2012

Santander’s mortgage market share falls 5.5%

If you read the artical what NOT is being said is that this lender has also been very strick on income

Santander UK, the second-largest mortgage lender in the UK, today revealed that its share of the mortgage market has contracted from 16.3% in 2011 to 10.8% this year, its quarterly management statement has revealed.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2220005/santander-s-mortgage-market-share-falls-55?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Santander%E2%80%99s%20mortgage%20market%20share%20falls%205.5%25&utm_campaign=16%3A32%2025%20Oct%20Santander%27s%20mshare%20falls%205.5%25&utm_source=Daily&utm_medium=Email

Thursday, 18 October 2012

CML hits back at BBC investigation into ‘large mortgage fees’

The Council of Mortgage Lenders (CML) responded today ahead of tonight’s BBC Watchdog programme looking at lenders “squeezing” homebuyers with “large mortgage arrangement fees.”

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2218003/cml-hits-back-at-bbc-investigation-into-large-mortgage-fees?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=CML%20hits%20back%20at%20BBC%20investigation%20into%20%E2%80%98large%20mortgage%20fees%E2%80%99&utm_campaign=17%3A22%2017%20October%202012%20CML%20HITS%20BACK%20ON%20FEES&utm_source=Daily&utm_medium=Email

What is NOT being said is the fact that BANK FEES have climb exponentially over the last 5-7 years. I know that this is common practice and no lender is doing anything different so, the consumer is left with 2 choices 1) pay the fee or 2) don't take the mortgage and not move.  Not much of a choice 

Saturday, 7 July 2012

Saturday, 26 May 2012

NatWest cuts fixed and tracker mortgage rates

Core range
• 2 year fixed rate, 60% LTV, purchase mortgage will decrease to 3.49% from 3.59%
• 2 year fixed rate, 60% LTV, remortgage will decrease to 3.55% from 3.65%
• 2 year fixed rate, 75% LTV, purchase mortgage will decrease to 3.79% from 3.89%
• 2 year fixed rate, 75% LTV, remortgage will decrease to 3.85% from 3.95%
• 2 year fixed rate, 75% LTV, purchase & remortgage will decrease to 3.99% from 4.09%, £499 fee limited to £100,000 loan

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2179812/natwest-expands-core-range?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=NatWest%20cuts%20fixed%20and%20tracker%20mortgage%20rates&utm_campaign=25%2F05%2F12%20NatWest%2C%20QE%2C%20Grexit&utm_source=Daily&utm_medium=Email

Monday, 14 May 2012

FTB's suffer as banks raise deposit requirements

Mortgage approvals for first time buyers fell to their lowest level for 9 months in April as banks scaled back their lending to borrowers with small deposits, according to the April Mortgage Monitor from e.surv chartered surveyors.

http://www.myintroducer.com/view.asp?ID=9960&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=267666-TDA+Breaking+11MAY+12

Tuesday, 1 May 2012

Mortgage customers face £300 million bill

Three quarters of mortgage-holders told us that they would be affected if their repayments increased by £50 a month, with 41% saying they would need to cut back on regular spending, 20% would need to reducing savings and 11% would not have enough for essentials.
http://www.myintroducer.com/view.asp?ID=9869

Tuesday, 24 April 2012

Rates plummet for long-term fixed mortgages

Average 5 year fixed rate:     

Today: 4.86%  
Six months ago: 4.89%  
April 2011: 5.59%  
April 2010: 5.87%  

5 year swap rate:

Today: 1.70%
Six months ago: 2.99%
April 2011: 2.99%
April 2010: 2.83%

http://www.myintroducer.com/view.asp?ID=9801

Monday, 23 April 2012

Watch Out!!!!!

If you use a price comparson website like Moneysupermarket, go compare, compare the market etc
You COULD be hurting your credit rating as this will leave a soft foot print on your credit report and lower your score.

Be very careful. 

Thursday, 19 April 2012

What can be done to help "mortgage prisoners"?

A number of commentators have argued that consumers may be disadvantaged because their choices may be restricted, either because they do not have enough equity in their homes to meet tighter lending criteria or because they are affected by proposals that will make it more difficult to take out an interest-only mortgage.

http://www.myintroducer.com/view.asp?ID=9760&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=266113-Loan+Engine+Breaking+19+APR

Tuesday, 17 April 2012

UK adults unable to move home due to financial constraints

When participants were asked about their reasons for not moving home, 62% claimed they were happy where they live, 21% were unable to afford a deposit, 16% cannot afford mortgage repayments, 16% list moving costs and fees (e.g. stamp duty) as a barrier to moving and 12% cited job insecurity as a concern.

http://www.myintroducer.com/view.asp?ID=9710&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=265841-norton+Breaking+16april2012

Tuesday, 10 April 2012

Should borrowers rejoice?

Borrowers affected by an increase to their SVR should review their repayments and consider shopping around for the best deal rather than assume it will come from their current lender.

http://www.myintroducer.com/view.asp?ID=9624&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=265021-norton+Breaking+3april2012

Thursday, 23 February 2012

Lloyds and RBS losses demonstrate need to overhaul bonus system

http://www.myintroducer.com/view.asp?ID=9228&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=261581-norton+Breaking+22FEB2012

WHAT government should have done was let these banks go to the wall.  Once and for all the lesson would be taught "Deal irresponsibly with your business and you end up bankrupt" If that had happen we would not need government to, TRY and will FAIL, sort out undeserved bonus packages.

Wednesday, 22 February 2012

Tuesday, 14 February 2012

UK inflation rate falls to 3.6%

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2152246/uk-inflation-rate-falls-36

If you can believe it.  The government no longer includes VAT into the figures.  WHY????  Because government does not want to report that inflation is going up.  Shows them even more incapable. 

Monday, 13 February 2012

FTBs failing to take up record number of 95% LTV deals

http://www.myintroducer.com/view.asp?ID=9130&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=260636-Norton+Breaking+13%2F02%2F12
 I think the reason why these deal are not being taken up is because they are (for the most part) not available to the broker market and the are very difficult to get approved.  The credit scoring required is very high.