Mortgages

UKMM Takes A Look At Best Buy To Let Mortgages

Although house prices have either fallen or remained stagnant for almost four years, the buy to let market has never been so lucrative. The simple reason for this is that following the credit crunch and the collapse of various institutions, banks were encouraged to withdraw any mortgage products that offered a high loan to value […]

compare first time buyer mortgages

Are House Prices Going Up Or Down?

House prices constantly fluctuate depending on market conditions and those who are looking to get on the property ladder need to keep track of them. It’s also important to compare first time buyer mortgages to see which product suits your financial situation best. Those who are already homeowners could also benefit from tracking market conditions […]

Finding The Best Mortgage Deals

Finding The Best Mortgage Deals

The United Kingdom, more than its Western European neighbours, seems obsessed with home ownership. While most young Germans tend to rent their homes, Britons seek the security that buying their own property offers. Unless you are fortunate to benefit from a sizeable inheritance or are blessed with an extremely wealthy family, the only route to […]

How Does a Bad Credit Mortgage Work?

How Does a Bad Credit Mortgage Work?

A bad credit mortgage is a non-traditional home loan that people with lower credit scores can be provided with. These borrowers may not be able to qualify for a mortgage through a traditional provider and so this is often their best option. Because of their low credit rating they are considered to be high-risk borrowers. […]

Securing a Mortgage Loan

Securing a Mortgage Loan

Mortgage loans (more commonly referred to simply as ‘mortgages’) are much harder to secure in the wake of the financial crisis which many people primarily attribute to too-readily available credit for homebuyers. Most mortgage lenders now require a deposit of at least 10% of the property value, with 15% even more common. Some lenders go […]

Royal Institute of Chartered Surveyors Survey on House Prices

Royal Institute of Chartered Surveyors Survey on House Prices

The Royal Institute of Chartered Surveyors’ (Rics) monthly survey provided an interesting read at the end of 2010. Despite property prices falling in general, the market has continued to slow. The survey suggests that despite the recovering economy, demand for homes remains low. Estate agents cite a dearth of first-time buyers and anxiety about the […]

The UK Mortgage Market In 2011

The UK Mortgage Market In 2011

The UK housing market has lost its way. Despite the modestly bullish outlook for the broader UK economy, it seems that mortgage lending is unlikely to be invited along to the party that is the recovery. In fact, net mortgage lending is forecasted to fall to a 30 year low of £6 billion in 2011, […]

Is Your House in Need of a Repairman or a Reverend?

Is Your House in Need of a Repairman or a Reverend?

Halloween is almost upon us, when more things go bump than on a normal night and when the sound of the doorbell makes you stop dead in your tracks…not so much from fear as a desire to pretend to the constant stream of ‘trick-or-treaters’ that there’s nobody at home! But have you ever wondered why […]

Reversed Mortgages in the United States

Reversed Mortgages in the United States

A reverse mortgage is a form of equity release (or lifetime mortgage) available in the United States. It is a loan available to seniors aged 62 or older, per HUD, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner’s obligation to repay the loan […]

Generation Rent? The Future of the UK Property Market

Generation Rent? The Future of the UK Property Market

A number of recent housing market surveys have highlighted worrying trends in home-ownership aspirations. Halifax’s survey of 8000 first time buyers revealed that while most still hope to own their own bricks and mortar, almost two thirds of them feel this is unlikely to become a reality, largely due to deposit requirements inflating beyond their […]