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In the fourth quarter of last year it was estimated that people were spending nearly 30 percent of all the disposable income on mortgage payments. This figure includes people who are home movers as well as first-time buyers. Mortgage payments are at their most affordable level in nearly 15 years and in some parts of northern [...]  The affordability levels for first time home buyers is at an eight year high, according to new research from one of the largest lenders in the nation, but few are actually taking advantage of the rates and buying new properties. According to the annual Halifax First Time Buyer Review that came out this month the average [...] July and August this year showed a great improvement in the property market as mortgage approval figures were at their highest point for over two years. Many analysts in the industry have said this is due to the Post Office and Nationwide offering mortgages with a good fixed-rate. The British Bankers Association has said that these [...] The director of the Blemain Group is Marc Goldberg, and he has said that there is a significant demand in the market for lenders who are able to offer loans to those with a poor credit rating. Confidence in the UK economy has meant that people are saving their money rather than spending it in [...] According to a recent study, the housing market is in a critical state with the cost of houses soaring and home ownership dropping drastically. The recent study, conducted by the National Housing Federation, warns that home ownership will fall to 64% in the next 10 years, the lowest it has been since the middle 1980’s. Explaining [...] The mortgage market in the UK is as uncertain as ever, we never know form one week to the next if rates are going to rise or fall, and which mortgage is the best around at the moment. Here is a roundup of the latest, tips, analysis and predictions from those in the know.
The Yorkshire [...] The current economic climate has meant that it is more essential now than ever before for people to thoroughly research when looking for a new mortgage, while current homeowners should also carefully look at refining their current mortgage. In the UK the terrible economic climate has lead to the fall of large financial institutions as well [...] Skipton Building Society has added to their range of buy to let products a fixed rate deal responding to the booming demand in rents, according to Kim Brewster the head of products. The lender reentered the buy to let market earlier in the year and Skipton is positioning themselves to offer investors attractive deals for [...] With the fear that homeowners have that the interest rates will rise, there has been a mini-rush to remortgage even though official figures show the property market is remaining in the doldrums. Bank of England figures show that in February remortgages approves were up 5% to a 26 month high and up on a year [...] One of the big high street banks is offering an attractive package to first time buyers, with a required deposit of only five percent, with the loan provided on an equity basis by the Council. Initially, the Lloyds TSB deal will only be available in certain areas, including East Lothian in Scotland and, in England, [...] |
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