With banks gradually starting to lend again and while interest rates are still low; now could be considered a good time to be thinking about remortgaging, so as to secure a good rate of interest for a few more years.
De Mystifying the Remortgage Process
August 9th, 2010 HIP-Consultant.co.uk Posted in Mortgages, Property Conveyancing 1 Comment »
UK Mortgage Lenders Take a Leap Forward
August 3rd, 2010 HIP-Consultant.co.uk Posted in Financial Products, Mortgages 3 Comments »
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).
Time to Consider Buying Your Council Property?
July 22nd, 2010 HIP-Consultant.co.uk Posted in Mortgages, Top tips 2 Comments »
The Right to Buy scheme, introduced under the Housing Act 1985, is a great way for council tenants to climb that all important first rung of the property ladder. It allows a qualifying tenant to purchase their council property at a significant discount.
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.
Guide to Home Repossession – Ins & Outs
July 12th, 2010 HIP-Consultant.co.uk Posted in Legal, Mortgages, Property Market No Comments »
What a lender needs to do before it can repossess a property, what happens when a house gets repossessed and what to do if your home is at risk from repossession
Nationwide – house prices rise again
August 28th, 2009 HIP-Consultant.co.uk Posted in Mortgages, Property Market, UK Property News No Comments »
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 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 4 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.
