A combination of low-interest rates on mortgages as well as end of your deals from lenders has helped push up mortgage approvals in September according to the latest Finance Monitor Report.
The last time first time buyer mortgage completions were this high, the iPhone had only just been launched and the world was on the verge of a financial crisis. So does this indicate that things are looking brighter for first-time buyers and are we seeing the same growth across all sectors of the mortgage market?
The UK mortgage sector has seen its best growth figures for 2 years (Source: UK finance) despite a slowdown in UK house price growth which has seen the slowest growth since September 2012 (Source: ONS).
Would you like to lock yourself into your current mortgage until 2034? That’s what Virgin Money Accord and Yorkshire Building Society are hoping for as they begin to offer 15-year fixed rates.
According to a recent study, one in six people think they will still be paying a mortgage after the age of 65. This means many will at best be holding back retirement and at worst handing the keys to their property back to the lender when they should be enjoying their twilight years.
For the vast majority of property owners, signing up to a mortgage is a lifelong commitment that doesn’t end until retirement and even beyond that. A significant reason for this of this is the interest that is payable on the six figure sums required to buy most homes. So how do you save yourself thousands of pounds in interest on your mortgage and even pay it off early?
Denmark is well known for its bacon, beer and butter but this month the world’s attention has moved onto Danish mortgages that come with a negative interest rate.
The rising popularity of long-term fixed rate mortgage deals has seen the popularity of two year fixed rate mortgages decline since 2013 when they made up 54% of the total. Yet there are reasons, even in the current economic climate, why short term fixed rate deals can offer a better option for first time buyers.
…is the million dollar question and one that perplexes many mortgage applicants, often more so when you go through a lengthy mortgage application process only to discover you don’t have what the lender is looking for.
According to new research from Moneyfacts, the number of applications for re-mortgages is predicted to increase this year as many enjoying low interest rates now see their 2 year fixed rate mortgages expire.
According to a recent survey more than 70% of mortgage applicants prefer to use a broker. So why do so many people prefer to apply for their mortgages with a broker rather than just go to the bank? Here are seven advantages of using a mortgage broker.
With the outlook for the UK property market looking gloomy this year according to RICS house price data, major mortgage lenders are still feeling confident enough to cut mortgage interest rates. So how long is this bit of good news likely to last?