Latest Energy Tariffs

Posted on April 23rd, 2013 | Posted in

As you SHOULD already know the energy & utilities market is volatile with some energy companies hiking there prices after posting HUGE first quarter profits. The upshot of this is that now it is more important than ever to shop around for the best energy supplier in your area. We have compiled a quick run down of the best tariffs currently on offer: Most popular tariff at the moment is from EDF Energy offering fixed rates until 28th Feb 2015.

Do local Crime Rates Have an Impact on Mortgage Acceptance

Posted on April 21st, 2013 | Posted in

With the current economic climate still up in question, many people are asking what will help them get accepted for a Mortgage? Or perhaps more importantly, what will hinder a mortgage application? There are many factors that the Banks will take into account when deciding whether or not to accept your mortgage application. These can range from your income and disposable income, your credit history and your employment status. But do they look at the crime rates for the area

Will a Good Survey Report Make it Easier to Get a Mortgage?

Posted on April 19th, 2013 | Posted in

When you are looking to buy a property there are certain reports that need to be carried out and the Survey is one of them. Firstly, this should not be confused with the Mortgage Survey which is not an in-depth survey at all, it takes approximately 15 – 20 minutes and only looks at the superficial attributes of the property and does not go into any structural or foundation details. The Survey is a lot more thorough and looks at

Can applying for a mortgage affect your credit score?

Posted on April 17th, 2013 | Posted in

Does My Applying For a Mortgage Affect Your Credit Rating Before applying for a mortgage, there are a number of questions that a borrower should have in mind. It is very important that these questions should be answered before submitting a mortgage application just to make sure they won’t have any difficulties along the way. One of the most interesting questions borrowers raise is; if applying for a mortgage will it have an impact to their credit rating. A mortgage

How Important Life Insurance Is

Posted on April 12th, 2013 | Posted in

Life insurance should be a very important part of the investment portfolio of any individual. It is intended not to create wealth but ensure financial security. Having life insurance should be a necessity for most people because it is something that loved ones will get in the case something untoward happening to them. Through the right insurance policy, you can give your loved ones the things that they deserve even in your absence and Life Insurance gives you the assurance

The Death of Margaret Thatcher and Her Impact on Today’s Economy

Posted on April 12th, 2013 | Posted in

Margaret Thatcher, the Iron Lady and the first female prime minister of Britain and among the most divisive and influential political leaders in the country died at the age of 87 on Monday, April 8 after suffering a severe stroke. She had been in declining health for more than a decade and stayed at the Ritz hotel in London while recovering from a minor operation. Since her death was announced by her children, tributes have flooded in from around the

Negative Equity Crisis in the North of England

Posted on April 10th, 2013 | Posted in

The governments new financial regulator has warned that as many as 630,000 families could be in negative equity. The Financial Conduct Authority has estimated that the number of people where their mortgage exceeds the value of their home is between that figure at the top end of the scale and 160,000 at the bottom. They have based those figures on different submissions from the mortgage industry and property analysis. However, the report also suggests that the problem is probably not

Natwest Loan To Value Mortgages

Natwest LTV Mortgages for new applicants

Posted on April 10th, 2013 | Posted in

Good news for those people seeking mortgage deals is that NatWest Intermediary Solutions is making two of its 90 per cent LTV mortgages available to all new applicants. It is even better news in that applicants will no longer be required to hold an account with NatWest to access this product, which involves a two-year fixed rate of 5.99 per cent up to 90 per cent LTV, with no product fee, being moved to the core range from the current

Clydesdale Mortgages

Clydesdale & Yorkshire Bank announce new 5 year fixed rate mortgages

Posted on April 10th, 2013 | Posted in

News that Clydesdale and Yorkshire Banks have announced new low two and five year fixed rates has provided a welcome boost for those people seeking a mortgage. It means that it is now possible for those looking to move home or remortgage to benefit from a rate of 2.49% on a two year fixed mortgage with 60% LTV or 2.99% on a five year fixed mortgage with 60% LTV. The Banks are also waiving arrangement fees for all of their

Finding the right mortgage

Posted on March 26th, 2013 | Posted in

Faced with the prospect of taking out a mortgage most people immediately think in terms of a bank or building society. Traditionally these are the institutions to which one would turn for help in one of the most important – and expensive – transactions of life. However, these days applying for a mortgage with either a bank or building society may not necessarily be the best option. There are other ways of arranging a deal on your mortgage. This is

HSBC Interest only

HSBC and Yorkshire Building Society are to stop offering interest-only mortgages to new customers

Posted on March 26th, 2013 | Posted in

The move comes ahead of new rules, which come into force in April next year, which will result in far more stringent affordability tests on borrowers applying for such loans, which which allow borrowers to raise a mortgage and only pay off the interest each month, leaving the original debt to be cleared at the end of the term. From today new borrowers will not be able to arrange their loans on an interest-only basis through HSBC – unless they

Financial changes

Posted on March 20th, 2013 | Posted in

It may seem strange that getting a mortgage is very difficult while at the same time banks are lending more money again. Strange – but true. And it has all come about because of the Bank of England’s £80 billion initiative, launched last August, to try to boost the struggling economy. The Bank of England and Treasury’s Funding for Lending Scheme (FLS) was designed to make money available to banks on the condition they passed it on to businesses and

Northern rock £99 application fee re-introduced this week

Posted on October 10th, 2010 | Posted in

Following the announcement by Northern Rock that it would be reducing its mortgage application fee from £250 to just £99 on 23rd August there has been a great deal of confusion amongst borrowers and brokers. The new fee was welcomed by financial advisors and promoted widely by the bank as a great way for new customers with a small deposit to reduce their initial outlay. Unfortunately it all went wrong – the new fee was retracted within days and left

Tracker Mortgage

Mortgage customers are confused about what type of product to choose

Posted on September 18th, 2010 | Posted in

The summer has seen a number of economic reports and news stories that seem to contradict each other on a daily or weekly basis. If you are contemplating a house move, remortgage or first time buy then you will be watching all of these developments with concern, hope or resignation – depending upon your own situation and point of view. Fixed rates, trackers and variable rates may all seem to be attractive options depending upon the recent news you have

Identifying Good Mortgage Rates

Posted on August 18th, 2010 | Posted in

If you are able to secure and identify good mortgage rates when taking out your loan then you can potentially save thousands of pounds over the life of your mortgage term. A small monthly saving of just £10 over 25years will add up to huge savings in the long term. For the average person on the street being able to identify good mortgage rates and then choose a product from the hundreds that are on offer is confusing – different

Interest Rate Reductions

Posted on August 18th, 2010 | Posted in

There have been a number of new mortgage products and reductions in interest rates this week. First to announce cuts was the Post Office with new deals available on its buy-to-let, fixed rate and tracker mortgage products. First time buyers will be attracted by the 90% Loan to Value (LTV) products and can take advantage of the lower rates that will be effective from today. Buy to let products have been reduced by up to 0.64% on the three and