Items tagged with: remortgage
Remortgagers `hit by effect of repossessions`
9 December 2008
Homeowners trying to get a good deal when they remortgage their property, as well as those looking to sell, are being adversely affected by the impact of repossessions.... read more »
Repossession measures `a positive move`
9 December 2008
The government`s measures to assist people who are at risk of losing their home because they are struggling with their mortgage repayments is a "big step in the right direction", an expert has said.... read more »
Remortgage: the low-down
31 October 2008
Why remortgage? If you`re a new homeowner, you may ask why people don`t stay with their existing mortgage until the end of its term. After all, if you`ve just signed up to a mortgage that`ll run for (probably) decades, you`ll be forgiven for wondering why so many people are even thinking about remortgaging.... read more »
Can I remortgage in the credit crunch?
29 October 2008
Today, you might think remortgaging in a credit crunch would be harder - and you`d be right. But even though house prices are dropping and mortgages are less available, many thousands of people are still remortgaging... read more »
Equity release market rises by 141% in Scotland
30 December 2008
An increasing number of Scottish consumers, potentially including those experiencing debt problems, are choosing to release equity from their properties in a bid to free up cash.... read more »
Remortgage: interesting Bank of England figures
1 January 2009
When house prices are falling, finding a remortgage can be difficult. Today, most experts seem to agree that we’re about halfway through a house price slump that’s expected to start turning around once prices have fallen 25-30% from their peak values – and house price trends are a major factor when it comes to remortgage deals.
Lenders don’t want to offer a remortgage that’s worth more than the property might be worth in a year or so, so most of them are only offering remortgage deals to homeowners who owe less (in secured debt) than 60-80% of their home’s value.
... read more »Equity release `declining in popularity`
8 January 2009
Consumers are not relying on equity release to the same extent as they were previously, it has been found.... read more »
Lender announces intermediary remortgage deals
15 January 2009
A UK lender has announced that three of its intermediary partners will be offering new remortgage deals.... read more »
1.5 million ‘facing mortgage difficulty’
16 January 2009
A consumer group has warned that 1.5 million homeowners with big mortgages could face “disaster” if, as expected, house prices fall by a further 15% this year.... read more »
What happens if I don’t remortgage?
26 January 2009
If you are coming to the end of your existing mortgage deal, then you may be considering a remortgage. A remortgage, in many ways, works in the same way as finding your first mortgage. However, a remortgage can be a very good opportunity to make savings on your monthly outgoings.... read more »
LTVs `preventing people from getting mortgages`
29 January 2009
First-time buyers are being prevented from entering the property market and securing a mortgage due to the loan-to-values (LTV) being demanded by banks.... read more »
Woolwich offers its lowest-ever fixed-rate mortgage
30 January 2009
Mortgage lender Woolwich has launched a new mortgage with a fixed rate of 2.29%, in a move that could spark increased competition in the market.... read more »
Home loans rise in December
2 February 2009
The number of home loans approved for house purchase rose in December, according to the latest figures from the Bank of England.... read more »
Base rate: all-time low of 1.5% ‘not the bottom’
27 January 2009
Currently 1.5%, the Bank of England’s base rate has reached an all-time low – but is likely to sink further yet, experts believe.... read more »
Remortgage "frenzy" predicted
5 February 2009
If fixed-rate mortgages continue to fall in cost, the UK may witness a remortgaging "frenzy", it has been claimed.... read more »
Mortgage lending ‘lowest for 34 years’
13 February 2009
New figures have shown that the number of mortgages granted last year was the lowest figure since 1974.... read more »
Remortgage – now, later or never?
17 March 2009
If you`re watching the base rate fall and wondering whether you should remortgage, read on.... read more »
Mortgage advice: finding the best remortgage rate
18 March 2009
With the Bank of England`s base rate at an all-time low of 0.5% (as of 5th March 2009), there are many good remortgage deals out there, if you can just find the right one... read more »
Remortgage: repayment or interest-only?
18 December 2008
Are you thinking about a remortgage? Whether you`re coming to the end of your current mortgage deal or looking to get a better deal, the remortgage market might be able to offer you something interesting.
... read more »Negative equity: homeowners and mortgage debt
12 June 2009
Figures from the Bank of England`s latest quarterly bulletin estimate that up to 1.1 million households were in negative equity at the end of the first quarter of 2009. This means that up to 11% of homeowners with a mortgage owed their lender more than their property was actually worth.... read more »