The state of the property market was hot news a year ago but with the general election and World Cup fever, some of the recent developments seem to have been missed by the national press. This absence is quite surprising as there has been a boost of optimism and the buy to let market has undergone a significant change led by one of the largest lenders; The Mortgage Works (TMW).
UK Mortgage Lenders Take a Leap Forward
August 3rd, 2010 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 3 Comments »
A Guide to Mortgage Rescue Scheme
July 19th, 2010 HIP-Consultant.co.uk Posted in Financial Products, Mortgages, Property Market 4 Comments »
The government’s mortgage rescue scheme, which is not to be confused with commercial schemes which may describe themselves as mortgage rescue but are really sell to rent schemes, is a state funded, not for profit scheme which aims to help home owners stay in their homes where they would otherwise be repossessed and evicted.
How to Sell to Rent Back Schemes
June 28th, 2010 HIP-Consultant.co.uk Posted in Financial Products, Property Market 2 Comments »
The latest craze to affect the property market is “sell to rent back scheme”. You’ll see lots of adverts on national television (usually during the daytime) and it seems every week there is another leaflet through the door. These schemes have a bad reputation, but is that justified?
Government Tax Levy on Banking Bonuses will impact UK Housing & Mortgage Market
January 25th, 2010 HIP-Consultant.co.uk Posted in Financial Products, Guest Articles, Property Market 2 Comments »
After the government bail out of the UK banking system in 2009, there is a now 50% tax levy on all future bonuses. Traditionally we enter “bonus season” in Q2, we expect to see buyers to start investing from this point and despite the new tax constraint the majority of banks have announced their intent to assign significant bonuses.
However, it is estimated that the bonus payments will be lower than in previous years and a larger proportion of payments will be made in shares and other types of investments. Looking to 2010, it is yet to be apparent what extent this will negatively affect sales volumes. In essence, bonus money will continue to play a central factor in the housing market and many cash rich individuals will still invest in the UK and abroad.
Rent Guarantee Insurance for landlords
November 19th, 2009 HIP-Consultant.co.uk Posted in Financial Products, Landlords 3 Comments »
Since the economy entered into recession what seems like an age ago, the knock on effect to private landlords has been felt across the whole country.
According to telegraph.co.uk the number of Buy-to-Let repossessions doubled over the last year as tenants experienced difficulties in keeping up with the monthly rental payments.
Nationwide reduces price of fixed and tracker rate mortgages
August 11th, 2009 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 1 Comment »
Nationwide Building Society has announced that it is cutting the price of many of its fixed and tracker rate mortgages by up to 0.50%. This comes as welcome news as the banks and building societies have held what some have described as inflated rates.
With effect from 4 August 2009, will include the following:
Nationwide offers a life line to those in negative equity
July 20th, 2009 HIP-Consultant.co.uk Posted in Financial Products, Mortgages No Comments »
Nationwide building society have announced a 125% LTV mortgage in a shock move considering the current financial situation. However, the pre-requisites of the mortgage deal are quite limiting to the large majority of people searching for a mortgage and the building society have been keen to down play the ‘new’ mortgage product.
Benefits of Home Information Packs (HIP)
June 8th, 2009 HIP-Consultant.co.uk Posted in Energy Saving, Financial Products, HIP News, Home Information Packs, Property Conveyancing, Property Market 13 Comments »
Recently it was reported that industry professionals are recognising the benefits of Home Information Packs (HIP). This is against the general negative slant the main stream media seem to want to promote.
HIP-Consultant.co.uk have been providing Home Information Packs for over 18 months and have witnessed numerous situations where Home Information Packs have benefitted the home buyer, home seller and the process itself. Without Home Information Packs; sales would have quite likely fallen through and at best would have held up proceedings to an extent the majority of people would be very unhappy with.
Northern Rock Announces 90% Mortgage
March 16th, 2009 HIP-Consultant.co.uk Posted in Financial Products, Mortgages, Property Market, UK Property News 6 Comments »
With a move clearly designed to inject some life into the housing market, state owned bank Northern Rock has announced that it will resume lending 90% mortgages.
Currently the chances of getting a mortgage of more the 75% are very slim and this move could be seen as a government approved display of intent. Quite how relevant it is remains questionable and many have pondered whether the announcement is more publicity stunt designed to bring back consumer confidence rather than a definite assurance of impending lending.
Are we forgetting savers as interest rates drop?
February 11th, 2009 HIP-Consultant.co.uk Posted in Financial Products 4 Comments »
Mortgage rates are at the lowest rates for years which many home owners are benefiting from, however are we forgetting about the large number of savers?
Amidst the slashing of interest rates from 5% since October last year to 1% which has largely been reported on in regard to home buyers, many savers are seeing their income from their nest eggs almost disappear.
Myths of Credit rating information – did you realise?
December 18th, 2008 HIP-Consultant.co.uk Posted in Financial Products, Top tips 5 Comments »
As the financial climate tightens knowledge becomes power when it comes to securing the credit deals you want. The best start is by understanding the impact your credit history and rating has on the type of offer you may receive and whether you will receive an offer for credit at all.
