Building societies and banks are finding themselves under increasing pressure with relation to the level of fees they are charging. One fee that is no under the spotlight are mortgage exit fees and the Financial Services Authority (FSA) told lenders they had until the 31st of July to announce changes in they were going to […]
Secured Loans
Wednesday, January 23rd, 2008Secured loans are available to almost anyone who owns a home. They work by using your property as security on the loan and this means you can borrow more than you otherwise would have been able to.
While unsecured loans typically last around 1 to 5 years are normally valued around £1,000 to £5,000, secured loans […]
Uncertain future for house prices
Friday, January 18th, 2008The outlook for house prices is uncertain after a year in which we saw five rises in interest rates, as well as global turmoil in the credit markets.
Mortgage lending throughout the year remained strong and with the five interest rate hikes over the past 12 months we have saw house price inflation return to more […]
Unfair stamp duty charges hit first time buyers
Friday, January 18th, 2008Rapid house price inflation in the South of England has seen the average cost of a home in London exceed £300,000 which is double the average house price in the North of the UK.
However, aside from a few critical hotspot areas such as London and the South East, there are considerable signs that the housing […]
Savings rates reach almost 7%
Thursday, January 10th, 2008Mortgage payers will mostly be more than aware of the number of interest rate changes that have occurred over recent months than non-homeowners. However, the interest rates that are being offered on fixed rate savings are still good, despite the recent base rate drop of a quarter per cent. Things are looking pretty glum for […]
Things to watch with Halifax Bank of Scotland
Thursday, January 10th, 2008If you are a Halifax Bank of Scotland customer, there are a couple of points to look out for, according to a new survey published by the Daily Mail. For example, Halifax Bank of Scotland offers the best rate on high interest current accounts with a whopping 6% on balances up to £2,500 before tax. […]
Barclays, the good deals, and the not so good deals
Thursday, January 3rd, 2008A new survey published by the Daily Mail has found some very interesting offers that are available at the moment from Barclays. While some of the deals that are offered by Barclays are among the best in the market, the survey also found some very poor offerings from the company.
For example, if you are looking […]
Cost of Mortgages
Thursday, January 3rd, 2008According to new figures, the cost of buying your first home has risen 152 percent in five years, from £233 a month in 2002 to an average of £586 in June 2007.
These figures reveal that many Britons who are in their 20s are finding it harder to get a foothold on the property ladder as […]
