UK re-enters recession

The double-dip follows a 0.3% decline in GDP in the final three months of 2011.

http://www.myintroducer.com/view.asp?ID=9824

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

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. 

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

Landlords struggling with tightening interest-only mortgage market

David Lawrenson a landlord and property commentator told Mortgage Solutions that in one case, he was turned down by a lender who had previously given him a mortgage, despite producing around seventy documents as evidence of his financial credibility.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2168318/landlords-hit-tightening-mortgage-market?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Landlords%20struggling%20with%20tightening%20interest-only%20mortgage%20market&utm_campaign=18%20April%202012%2009%3A09%20lanlords%20struggling%20with%20i-onl&utm_source=Daily&utm_medium=Email

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

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

15m Brits taking a risk with no protection cover

Three in ten of UK adults are uninsured against events such as death, critical illness and redundancy, report Unbiased.co.uk. VERY DANGEROUS !!!!!!!

http://www.myintroducer.com/view.asp?ID=9647&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=265178-norton+Breaking+4april2012