Cheap mortgages could give give home-owners a half decade boost, experts have said. Sir Mervyn King, Governor of the Bank of England, has suggested that interest rates might be kept at their historic low of 0.5 per cent until 2014. While savers will be hit by the news, those with mortgages or looking to remortgage will have been delighted. Sir Mervyn also gave hope that the...

18 January 2012 | By Tessa Norman The product is designed for buy-to-let investors and combines a standard bridge from Precise with a remortgage exit from Aldermore. It will be processed by 3mc using the same valuer for both lenders. Rob Lankey, managing director of Aldermore Commercial Mortgages, says: “The team at 3mc has identified a growing market opportunity and has responded with an...

Nationwide borrowers who face paying 60 per cent extra on their mortgage from March have been given fresh hope that their repayments will rise gradually rather than overnight. In December, some 14,000 Bank of Ireland mortgage customers were transferred to the Mortgage Works (TMW) – part of Nationwide – after a deal that saw...

House sales fell by over a tenth during 2011, new figures have shown. That is one of the lowest totals since records began in 1978 with just 890,000 completions. Last year had the lowest number of property sales since 2009 during the start of the financial crisis. That year there were only 848,000 completions. Last year’s slump is put down to the difficulty in getting...

Whether it’s a mortgage, remortgage or refinance, these days the odds that you are going to get a bad appraiser assigned to appraise your property are higher than ever (one of the unintended consequences of HVCC, FannieMae’s Home Valuation Code of Conduct. Many lenders work with appraisal management companies. the appraisal management company is...

23 January 2012 | by Tessa Norman A rise in mortgage lending in November has been welcomed as a sign that the market is holding up well amid the economic worries. Data published by the Council of Mortgage Lenders last week shows there were 47,000 loans for house purchase worth £6.9bn advanced in November 2011, up 3% by number and 5% by value compared...

Cheap Remortgage Deals: Are Leads Online Adequate?Jayne Petters Remortgage involves the process of acquiring a new loan package from a different lender to settle an existing loan. Paying a loan using the loan proceeds from a different source is a good proposition if the interest rate offer is considerably lower than your existing loan rate. Remortgaging requires a large amount of money and...

When trying to determine whether it is worth it to remortage your home, you first need to decide what is important to you. There are several things you can accomplish by remortgaging, but it is unlikely that you will be able to do all of them. You’ll need to choose your...

The most expensive house to sell last year in the UK cost the buyer £19.25 million, it’s been revealed. The property was a detached house in the posh suburb of Hampstead in north London. The cheapest home sold was in Middlesbrough and was snapped up for just £16,000. The figures show the range of prices paid for housing and hints at the...

Homeowners will transfer negative equity to new homes By Lauren Thompson Last updated at 7:41 AM on 15th December 2011 Banks are to be told to rescue middle-class ‘mortgage prisoners’ by loosening lending restrictions. Because they are locked in negative equity, hundreds of thousands of hard-working people are unable to move to a new home. Businesses are struggling to recruit managers from other regions and the housing market is...