It would certainly be an understatement to say that the last three years have been challenging. The biting recession, property prices nose-diving, lenders going bust and those that are left seemingly reluctant to lend have contributed to as great a sense of uncertainty as seen in two generations. The effect of the new Coalition Government’s [...]

The Coventry Building Society has launched a new mortgage offer which suggests they are, in a small way, more confident in the future of the economic situation. They are offering a 90% mortgage for first time buyers provided either they or their parents or guardians have held a savings or current account with Coventry for [...]

New mortgage offers are being released almost daily in the current climate. The best way to keep on top of the best deals and offers that are emerging is to either keep a very close eye on things yourself, or let someone else do it for you. Not everyone has time to keep searching and [...]

In uncertain financial times people develop a keen desire to protect their long term interests. Although interest rates are currently at an all time low and short term fixed rate mortgage offers below 3.5% are widely available, there is growing concern over the future highs to which interest rates could climb in the coming years, [...]

New fixed rate mortgage offers with no lenders arrangement fee have been launched today by Alliance & Leicester. This enhances their range of fee free mortgage solutions to include 3 and 4 year fixed rates. A&L now have a 2 year fixed rate offer with no fee at 4.29%, a 3 year offer at 4.69% [...]

The income multiples used by mortgage lenders vary from one lender to another. Some are more ‘generous’ than others and will allow over five times the household income to calculate how much a customer can borrow. All lenders will also take into account a variety of factors as well as just a basic income multiple [...]

Banks and Building Societies are continuing to tighten the purse strings and reduce their exposure to risk. By cherry picking only the most suitable customers who neatly fit their strict criteria mortgage lenders are trying to safeguard their future and improve their own creditworthiness. Abbey are making it tougher for applicants by assessing their affordability [...]

A few weeks ago, Northern Rock announced they were not going to be offering their existing mortgage customers a new mortgage when they’re current offer came to an end. Instead, existing customers were offered products from the Lloyds TSB range. This may well suit a number of people but there is every possibility not everyone [...]

Low rate fixed rate mortgages are becoming available once more with several lenders reducing rates more than once in recent weeks. Following a recent spate of rate reductions borrowers can now access a low fixed rate mortgage at just 4.69%. This low rate offer does however have a downside. The arrangement fee is 2.5% of [...]

In the space of a few months news reports have signaled the death of the Buy-to-let market, continuing gloom and doom and significant losses for recent would-be landlords. But the grey clouds have a silver lining. Most Buy-to-let properties are purchased using an ‘interest only’ mortgage. What this means is only the interest is repaid [...]