In the current housing market many people are finding that they can’t get themselves a remortgage when their current fixed rate deal expires. This means they’re left with the option of selling their house, or if they can, letting it out. Of course, when it comes to letting out a house you’ll probably need to …
Category Archives: Mortgages
The CML Proposed New Measures to Prevent Home Repossessions
The Council of Mortgage Lenders (CML) has set out a plan to help homeowners in risk of having their properties repossessed this year. The CML have told the Prime Minister Gordon Brown, in a letter sent recently, that its members had agreed to a number of new measures which home repossessions can be reduced. The …
Mortgage Advisors
As we said yesterday, gross mortgage lending increased in April. Now, if you are a serious property developer, you’ll know how much money that makes for the mortgage advisors. Many serious property developers have regular contact with their mortgage broker and may even have a special arrangement with one if they are a private, smaller …
Gross Mortgage Lending Improved in April
Gross mortgage lending improved in April, according to the latest figures from the CML (Council of Mortgage Lenders). Lending totalled £25.3 billion in April, a five per cent increase on the previous month but still eight per cent down on April 2007. The CML points out that the monthly increase bucks the usual trend of …
Bank of Scontland to Review Buy to Let and Self Cert Mortgages
Bank of Scotland plans to reprice mortgages from its buy-to-let and self cert ranges in an effort to keep pace with other lenders. Mortgages from the two ranges will be withdraw today at 5pm, and relaunched with new rates from tomorrow. The HBOS owned bank refused to comment on what the new rates would be. …