The Latest Mortgage News
Great benefits for financial product familiarity
Posted 2007-11-11
Darren Dicks of Norwich Union suggests that it “takes a while” for individuals to become accustomed to the features of financial products. But gaining the knowledge and having some experience with the range of financial services and products available to...
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Monday afternoons hot for loan applications
Posted 2007-11-7
Apparently Britons are more likely to apply for a loan on Monday afternoons than at any other time. Statistics from Halifax have shown that weekdays in general are more popular than weekends, with the most popular time being Mondays -...
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14% of student body would consider property purchase.
Posted 2007-11-5
Students at university considering purchasing a property are advised to consider the additional expenses to mortgage repayments; including property maintenance and ‘off periods’ when a lack of tenancy for spare rooms, may come to pass. With research revealed by Abbey,...
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Home Builders Federation advises conversions for multiple improvements
Posted 2007-11-1
According to Dave Mitchell, Technical Director for the Home Builders Federation, Britons should consider home conversions to benefit themselves in a multitude of ways and create new, exciting opportunities for themselves as homeowners. Garage and spare room conversions can double...
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Council of Mortgage Lenders advises homeowner support
Posted 2007-10-28
The Council of Mortgage Lenders (CML) has stated that a more committed level of financial assistance should be awarded to homeowners. Warnings from the industry body forecast that increasing the number of Britons who own their property could prove to...
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Energy-saving home improvements saves money – adds value
Posted 2007-10-24
Legal & General advises homeowners to invest in energy-saving home improvements to add value to their Real Estate and save money over-all. The energy performance certificate (EPC) - a mandatory inclusion of home information packages – should be carefully reviewed...
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CreditExpert reports of loss of financial confidence in northerners
Posted 2007-10-21
CreditExpert’s new research finds a widening gap of pecuniary confidence between the north and south in the UK. The financial confidence index in the north currently stands at 97 - a fall of three points since July, the research showed....
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Significant shortcomings found in retirees’ income
Posted 2007-10-18
Many Brits are facing their golden years with significantly less income than anticipated prior to their retirement. A spokesperson for an elderly people’s charity, Age Concern, Helen Spinney suggests that many people are continuing to work past their retirement...
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Secured loans suitable alternative in sluggish market
Posted 2007-10-14
Many lenders are expected to increase the amount of refusals given to applicants for unsecured credit and personal loans, observed Maya Imberg of Datamonitor Financial Services. A cutback of lending conditions across the loans sector is not expected to last for long. However, for homeowners who are unable to obtain credit elsewhere, applying for a secured loan and using property as collateral could prove to be their best option in these uncertain times. Data from Credit Action shows that the number of secured loans on properties increased by 10.8% in 2007 by the end of August, while unsecured lending continued to fall. Conditions are expected to become more favourable in the future. As Ms. Imberg explained, “The US sub-prime mortgage crisis and global credit crunch will affect the market in the short-term, with the market dipping in 2007 before seeing a slow recovery.” ...
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8.2 million indebted Brits urged not to panic
Posted 2007-10-10
Credit reference agency Callcredit is advising people with high levels of debt to take control of their finances by contacting a debt advice service, creating a sensible budget and shopping around for the best possible debt consolidation and credit deals,...