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Will UK house prices continue to rise into the 2020s?
Jul 31, 2018 No Comments In Blog By
Despite concerns over the impact of a hard Brexit, house prices are predicted to continue rising in the UK into the 2020’s. Time will tell and whilst there is still a huge amount riding on the outcome of our Brexit negotiations, this news is definitely encouraging for those considering purchasing a home. ...
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Could Protection have helped this couple avoid potential repossession?
Jul 30, 2018 No Comments In Blog By
Putting the interest-only ‘mis-selling’ issue to one side, one way these customers could have avoided this desperate situation is through suitable Personal Protection policies. All very well in hindsight but worth remembering. Protection is there to help you when you’re too unwell to work or suffer a debilitating illness ...
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Five Things You Should Know About… Joint Borrower – Sole Proprietor Mortgages
Jul 26, 2018 No Comments In Blog By
If you’re a First Time Buyer and struggling to afford the property you want, you might want to consider a Joint Borrower – Sole Proprietor mortgage. This product allows you to use the income of another person (such as a parent) to maximise mortgage lending, however only the first applicant ...
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Banks charging borrowers a £300-a-year mortgage loyalty penalty!
Jul 25, 2018 No Comments In Blog By
When a fixed-rate mortgage comes to an end, lenders will usually offer a “product transfer” to customers meaning they can switch to a new interest rate rather than being shifted onto the bank’s variable rate. However, research suggest many customers simply accept this product transfer because it’s ‘easier’ than remortgaging! ...
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Over a third of mortgages now have no fees
Jul 24, 2018 No Comments In Blog By
According to data from moneyfacts.co.uk, around 40% of the market is now made up of mortgage products with no fees (up by 17% on this time last year). The increase is attributed to competition between lenders caused by static interest rates as they look for alternative ways to entice new customers. Read the ...
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Would you fix your mortgage for a decade?
Jul 23, 2018 No Comments In Blog By
Latest figures show that the ‘premium’ you pay for a longer loan, such as a 10-year fixed rate mortgage, is at its lowest since 2008. With a rise in interest rates on the cards, have you considered fixing your mortgage for a decade? Read the full article in The ...
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More mortgage choices for first time buyers but costs go up too
Jul 19, 2018 No Comments In Blog By
The Good News – The choice of mortgage products available to first time buyers with a 5% deposit has increased over the past year. The Bad News – The increase in choice hasn’t led to a fall in costs or interest rates as lenders appear to be pre-emptively absorbing ...
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Mortgage rates cut by 8% in last 3 months
Jul 18, 2018 No Comments In Blog By
Good news for borrowers. As competition to attract First Time Buyers and Remortgage customers intensifies, lenders have cut mortgage rates by as much as 8% in the last three months! All this at a time when we expected to see the cost of borrowing rise. Read the full article via ...
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Lenders improve affordability in scramble for borrowers
Jul 17, 2018 No Comments In Blog By
As competition in the market intensifies, lenders are employing different tactics to attract customers. In a bid to attract more business, lenders are now starting to tweak and relax their criteria so that more customers have access to their products. Read the full article via Mortgage Strategy by clicking ...
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