HIPs under fire from estate agents

The controversial Home Information Packs that were introduced last year by the government have come under fire yet again, this time by the estate agency industry.
These packs became compulsory on all residential properties being marketed for sale across England and Wales last December, having been rolled out on a stage by stage basis since last [...]

Still some good mortgage deals around for some borrowers

According to a recent report there are still some good mortgage deals around for some borrowers, although not all borrowers will qualify for the most competitive deals.
The financial headlines have been dominated with news about the drop in the number of mortgages available, and how this situation is set to get worse.
However, some financial experts [...]

February saw fall in mortgage lending

According to a recent report February saw a fall of 7% in mortgage lending levels, with the amount being borrowed falling from £25.9 billion in January to £24 billion in February. This is further evidence of the mortgage and housing meltdown that has been taking place across the UK since the global credit crunch swept [...]

Some homeowners planning to give up homeownership

A recent report has suggested that a large number of homeowners may actually be planning to give up homeownership for a period of time due to the turmoil that has hit the housing market.
With many predictions from industry officials indicating that house prices could plummet over the next two years, some homeowners are trying to [...]

Building society rate hike means rocketing repayments

Following a recent announcement by a major building society many consumers could be looking at rocketing mortgage repayments that could leave them well out of pocket.
The Nationwide recently announced that it was raising the interest rates on its mortgages, admitting that this was partly to try and close the doors on new borrowers as a [...]

Getting a mortgage becoming increasingly difficult

Recent reports have shown how getting a mortgage in the UK has become increasingly difficult, as the credit crunch continues to take its toll and affect consumer lending.
Many lenders have tightened up on their lending criteria, and this has resulted in real difficulties for many consumers that are looking to take out a mortgage.
Many consumers [...]

Credit crunch affects the start of the house hunting period

The housing and mortgage markets in the UK have been badly affected by a number of factors over recent months. Since the credit crunch made its way across the Atlantic last summer there has been turmoil in the financial markets.
This has affected both lenders and consumers, and has had a damaging effect on the housing [...]

Save money with a longer term fixed rate deal

Some industry experts have stated that homeowners looking to take out a fixed rate mortgage deal could actually benefit financially from opting for a five year fixed rate term rather than the more popular two year terms, as this could save them around £5000 over a ten year period if they decide to keep remortgaging [...]

Problems may lie ahead for interest only homeowners

An industry official has recently warned that homeowners with an interest only mortgage may face a very uncertain and problematic future, as many of them do not have the ability to repay the principle mortgage loan balance at the end of the mortgage term.
Whilst many lenders now refuse to offer interest only mortgage due to [...]

Drop in range of mortgages available

Industry officials have recently reported that the number of different mortgages available in the UK market has fallen by around two thirds since the onset of the credit crunch, with an increasing number of lenders taking a variety of mortgages deals off the shelves as the credit crunch continues to take its toll.
The report shows [...]

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