Archive for July, 2011
Jul 25
Research by Defaqto has revealed that between April and June 2011, some 8,968 mortgages were either introduced onto the market or updated by lenders, and almost 600 products were taken off the market.
During these same three months, 186 totally new fixed rate mortgages came onto the market as did 80 new standard tracker rate products and 99 new buy to let loans.
So it has to be said, with so much change, how can consumers possibly keep up with the mortgage market without the help of a mortgage broker? (more…)
Jul 22
Your home is your biggest asset and as such has a great deal of time, money and worry spent on it. However, it is often the case that homeowners do not even realise that they are paying over the odds or that there are better mortgage deals on the market, meaning every month thousands are unnecessarily struggling to meet repayments.
No matter what your current situation is, it is always a good idea to look into remortgage deals. For even more options and for expert guidance, speak to a remortgage broker. (more…)
Jul 18
Mortgage lender Santander recently starting quoting a ‘shelf life’ on their new mortgage deals.
Within the last few weeks, two fixed rate deals were launched by the lender, available only through brokers. One was a five-year fixed rate at 4.99%. It was free from fees and offered up to 85 per cent loan-to-value. The other was a two-year fixed rate at an astonishingly low 2.89%. It was aimed at borrowers with a minimum 40 per cent deposit and carried a £995 fee. The deals were available for seven days only. (more…)
Jul 11
According to Moneyfacts, the average rate of a fixed term or tracker is at its lowest level since 1988.
The Moneyfacts research has revealed a two year fixed rate is available at an average of 4.32% and for those happy to tie in for three years, it’s 4.92%. Those borrowers with a longer term view in mind can fix for five years at 5.29%. Two year trackers are averaging out at 3.37%. (more…)
Jul 08
Not everyone has a perfect credit history. In fact, more and more people are finding themselves in a situation where they think they have little chance of getting a loan or a mortgage due to bad credit. Mortgage lenders are being more careful who they lend to, but you should not write off getting one just because of past troubles. Bad credit mortgage deals are available, but only if you know where to look. (more…)
Jul 04
Most people recognise the importance of life insurance and have taken out cover at some stage. But many don’t realise the significance of keeping it up to date. When things change that could impact your finances, it’s important to make sure your level of life insurance cover is still adequate.
Sainsbury’s Life Insurance has revealed in a recent survey that more than five million Brits could be leaving their dependants facing a financial struggle because over half with life insurance don’t update their cover when a significant change occurs in their personal circumstances. (more…)
