Research shows that over the last four years the size of the average mortgage that is needed by a first-time buyer has almost doubled.
According to figures from Abbey, new homeowners now need to borrow an average of £130,000 to get on to the property ladder, when just four years ago they were only borrowing an […]

According to new research there are many young homeowners that are now taking out hefty mortgages without protection, which may be a high risk for some.  The survey found that around fifteen percent of adults under 35 were willing to borrow more than four times the amount of their annual salary for a home loan, […]

A lot of people have recently bought houses at record prices. As house prices have continued to go up over recent years, many young people have been forced to get in onto the property ladder at prices that are far higher than they would have been just a few years ago. While there are certain […]

For years the average UK resident has been inundated with offers of cheap credit. Credit cards, tenant loans, secured loans, car loans, mortgages and store cards have all been offered with very little safeguards and almost everyone was free to take on as much credit as they felt they wanted. Where this was really seen […]

A lot of customers have been attracted to some new cash back credit cards which now offer up to 4 per cent back on every pound you spend on the card. The reason credit card companies can offer you back so much money is that they get paid by the merchant for the transaction. While […]

Mortgage lender Abbey announced recently that mortgages rates are to rise on a range of its standard tracker mortgages, citing the volatile market as the main reason for the rise
This news comes despite the Bank of England (BoE) deciding not to raise base rates, and many more lenders are expected to follow Abbeys’ lead as […]

First time buyers are finding it more and more difficult to gain access to the property ladder and recent events mean that it could get even harder in the near future.
There is a good chance that mortgage providers will tighten up lending criteria and demand larger deposits if the turmoil in the US housing market […]

Figures just released show that house price inflation in the UK has fallen to the lowest levels in years. In many parts of the country decreases in house prices have been reported. What does this mean for home owners in the UK and why are house prices beginning to fall now?
Well, there are a number […]

The current turbulence of the financial markets across the globe is the main reason for the Bank of England holding interest rate rises at their current levels. This is because there is growing fear that another rate rise could have devastating effects on an already jittery financial period.
As well as their being no further rate […]

There are increasing signs that the run of interest rate rises over the past 12 months may be finally coming to an end and mortgage interest rates may finally start to come down.
Most economists are predicting the rate to come down later this year. If this is the case than anyone with a mortgage should […]