Nationwide have published their monthly report stating that house prices have risen for the fourth consecutive month. In August, it is claimed that we have seen property prices increase by 1.6% making the average house price in the country £160,000. However, is this the recovery most are looking for?
Nationwide – house prices rise again
August 28th, 2009 HIP-Consultant.co.uk Posted in Mortgages, Property Market, UK Property News No Comments »
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.
Is now the time to repay your mortgage early?
July 6th, 2009 HIP-Consultant.co.uk Posted in Energy Saving, HIP News, Mortgages, Property Market 2 Comments »
Repaying your mortgage early can save you substantial amounts in interest payments and could be a great financial investment at present. With interest rates at their lowest in decades now maybe the time to increase your mortgage repayments or consider paying off a lump sum.
Before you arrange to make overpayments it is important to check a few details, do your homework and understand the pros and cons whichever type of mortgage you have and/or are considering.
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Innovative 95% mortgage from Lloyds TSB
May 28th, 2009 HIP-Consultant.co.uk Posted in Mortgages, News, Property Market 3 Comments »
Lloyds TSB’s (LON:LLOY) have announced a new 95% LTV mortgage product which requires a 5% deposit. By doing so it has claimed the distinction of being one of the few High Street lenders to offer such a high LTV home loans in these difficult times.
In these hard economic times, with virtually no banks offering a 95% loan to value mortgage, Lloyds TSB’s Lend A Hand mortgage scheme is a crucial step in encouraging other lenders to come out of their shells and will help attract first time buyers back into the marketplace.
For approval of Lloyds TSB’s Lend A Hand mortgage, a pre-requisite is to the holding of 20% of the mortgage value in a fixed savings account with Lloyds TSB. This feature benefits young buyers who can make use of their parent’s or other relatives’ savings to augment their deposit. While the savings will have to remain fixed for three years, Lloyds will maintain a hold on the amount until the homeowner has made enough payments to earn 10% in equity.
Finding a mortgage – Ten top tips
May 26th, 2009 HIP-Consultant.co.uk Posted in Mortgages, Property Market, Top tips 4 Comments »
In the last year the economic downturn has changed the face of the mortgage industry some claim for good. Banks and other lenders have cut mortgage lending severely and finding a mortgage is no longer an easy task.
Buying a house is one of the biggest purchases we make in our lives and picking the right mortgage is essential. Here is the conundrum: fewer lenders mean lesser choices, so in these tough economic times how do you still get the best mortgage deal. Below we will provide you with 10 valuable tips that will help guide you to your dream home and help find you a suitable mortgage.
Northern Rock Announces 90% Mortgage
March 16th, 2009 HIP-Consultant.co.uk Posted in Financial Products, Mortgages, Property Market, UK Property News 5 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.
House Repossessions Rocket
March 11th, 2009 HIP-Consultant.co.uk Posted in Mortgages, Property Market, UK Property News 2 Comments »
The state of the UK housing market is constantly in the news at present and the latest figures on home repossessions make more depressing reading.
In the year 2008 repossessions reached the highest levels for 12 years. A staggering 54% rise in instances of homeowners losing their homes equates to 40,000 houses being repossessed.
Will interest rates reach zero percent?
March 6th, 2009 HIP-Consultant.co.uk Posted in Mortgages, News, Property Market 3 Comments »
The Bank of England has reduced interest rates to 0.5% in order to put a halt to the housing crash, in the latest reduction we have witnessed over recent months.
With interest rates being cut at such a speed over the past few months it begs the question ‘Will we see interest rates reach zero perecent?‘
Upsizing your home – easier for some
February 26th, 2009 HIP-Consultant.co.uk Posted in Energy Saving, Mortgages, Property Market 1 Comment »
With the property news full of tales of woe in the banking world and the related slump in the housing market, it is easy to overlook some of the better news that the falling price trend has influenced. In an intriguing twist it has emerged from recent research that trading up to a bigger property is now financially less problematic than only a year ago, depending on the size of house one needs to buy.
