thebestmortgagerate.co.uk » 2007

Search

Latest News

Blogroll

Theme by Seobilgi Sponsored Lazerli Epilasyon www.lazerepilasyon.de and Abant Kapadokya pansiyon - Pamukkale pansiyon - şile ağva - ağva rehberi - ağva otel - lazer epilasyon - saç modelleri - antivirüs programı - paris hotels - gitar www.gitaral.com

Loan rates on hold

The Bank of England has kept interest rates on hold at 4.75 per cent today. The decision delayed by four days to avoid a clash with the general election was predicted by many economists. It was after weak retails sales and manufacturing data. It is the ninth month in a row that interest rates have been kept on ice, although for the last two months the bank’s Paul Tucker and deputy governor Andrew Large have been voting for a hike in interest rates to five per cent.

And, after data showing that the CPI measure of inflation had risen to 1.9 per cent in March, economists had suggested that these two would be joined by other. Members of the interest rate setting Monetary Policy Committee (MPC) this month. But subsequent data on manufacturing, house prices and retail sales quickly led analysts to reverse this opinion and predict an interest rate freeze.

Posted in Uncategorized, loan, loan calculator, loan rate, loan finance | Comments(0) December 2007

Loan boost as rates may have peaked

With interest rates remaining frozen for the past nine months, analysts are speculating that they could be set for a move in the opposite direction. One economist in particular at Brewin Dolphin, Stephen Ford believes interest rates have now peaked. He feels the Bank of England’s Monetary Policy Committee will decide to leave rates unchanged at 4.75 per cent for some time to come. Speaking on BBC Radio 5 yesterday, Mr Ford said: “It looks as though there is going to be lots of interest in both the inflation report which is out today and the minutes of this meeting which is due out later. ”

The concern for the Bank of England is that if you look at what is happening out there, the prices between manufacturer and retailer are rising quite sharply. “While many analysts were suggesting that rates would probably hit five per cent or more, the majority are now re-forecasting to a downswing instead. Mr Ford continued: “Latterly we are seeing a consumer who is less interested in spending their money so therefore perhaps there will be less of a pass on and inflationary pressures may reduce somewhat.”He added: “Clearly we are going through a soft patch and therefore there was no surprise that rates were on hold.”

Posted in Uncategorized, loan, loan calculator, loan rate, loan finance | Comments(0) December 2007

Loans award for high street provider

Alliance & Leicester has received an award for being the Best Personal Loans Provider in. Readers of Personal Finance & Savings magazine voted for the provider, which also won a Highly Commended award in the same category last year. The firm beat off competition from Tesco (second) and Halifax (third) and also came ahead of Lloyds TSB and Natwest.

Andy Bayes, head of Alliance & Leicester Personal Loans, said: “We pride ourselves on giving our customers a great loan experience, both in terms of the customer service they receive and great value we offer. “We operate in a very competitive market and we have to be at the top of our game to get recognised in this way. To enable us to build on this success, and as part of our commitment to keep all our call centres in the UK, we are investing and creating a significant number of new jobs in our Personal Loans Centre of Excellence in Leicester. “Over 6,200 readers voted for the awards over a period of three months

Posted in Uncategorized, loan, personal loan, personal finance, personal finance investing, personal finance software, personal finance news, loan finance, personal finance budget | Comments(0) December 2007

Secured loans to be fixed

New figures suggest fixed-rate mortgages are set to get cheaper. The markets have changed their opinion on where interest rates will head, after negative economic data in recent weeks. Now almost all analysts are predicting an interest rate freeze or even cut. This has meant that “swap rates”, which largely determine how financial organisations set their fixed-rate mortgages, have dropped sharply for the second time in a week.

“The markets have suddenly and decisively concluded that rates have peaked - it looks like the turn of the tide. Fixed rate mortgages are going to start looking very attractive, particularly for those borrowers who like a bit of certainty in their domestic budgets,” commented Matthew Wyles, Portman Building Society’s group development director. But consumers should not hang around expecting rates to fall further, he added. “During the last week, two to five fixed rates in the wholesale markets have fallen by 0.15 per cent or more. It could be quite a while before the Bank of England moves the base rate and borrowers who hang on could miss a real opportunity,” Mr Wyles added.

Posted in loan, loan calculator, loan rate, secured loan, loan finance | Comments(0) December 2007

Halifax has best house loans

Halifax has been named Best Overall Lender by Legal & General at its 2005 Mortgage Club Awards. Ten years since the Mortgage Club started, the event was also an opportunity to celebrate its success over the last decade. In 1995, the Mortgage Club delivered £1 billion of mortgage applications to lenders - today that figure is achieved almost every two weeks. Voted for by mortgage brokers who are members of the Legal & General Mortgage Club, lenders are rated against a series of criteria including products, service, sales and marketing.

“The concept of the Mortgage Club is all about partnership, which is at the heart of Legal & General’s strategy in the housing market,” explained the managing director of intermediary solutions, Graham Newitt. “The Mortgage Club plays a critical part in our multi-channel distribution strategy, which brings together the products and services of banks and building societies, intermediaries and Legal & General. “Best Lender for Products went to Northern Rock, with Halifax picking up both Best Lender for Service and Best Lender for Technology. GMAC Residential Funding won best Lender for Sales and Marketing and BM Solutions was awarded Best Specialist Lender for Products. The award for Best Overall Specialist Lender went to GMAC Residential Funding.

Posted in Uncategorized, home equity loan, home loan, loan, loan calculator, home equity loan rate, loan rate, home equity loan minnesota, home equity loan comparison, home finance, loan finance, home loan finance uk | Comments(0) December 2007

Home loan scheme could prove problematic

A money education charity has warned that the Chancellor’s proposals to help first time buyers could actually lead to over-indebtedness. Credit Action feels that Gordon Brown’s announcement that he intends to introduce cheaper mortgages specifically to help young people may backfire. First time buyers will receive help to buy their own house, thereby getting their feet onto the property ladder. “At first glance the offer of help to first time buyers sounds useful,” commented the director of Credit Action, Keith Tondeur.

“However,” he added, “this scheme comes at a time when after several years of steep rises the market is cooling. “One question that we should be asking is whether this is being done to keep the housing market buoyant so that people feel confident and therefore keep on spending. “Mr Tondeur feels that this confidence will simply lead young buyers into more debt than they can afford. He continued: “House prices are undoubtedly too high for many people to afford which explains why numbers of first time buyers have been falling, with the average age of a first time buyer rising sharply.

Posted in Uncategorized, home equity loan, home loan, loan, home equity loan rate, home equity loan comparison, home finance, loan finance, home loan finance uk | Comments(0) December 2007

Mortgages abroad made easier

A new company has been launched to help people buy investment property abroad. The Quy Group, based in Chatteris, Cambridgeshire hopes its presence in the market will stop property buyers falling foul of unscrupulous property developers and estate agents. The service combines property and personal finance expertise, specialising in selecting developments that will maximise return for its clients.

“Asking an estate agent or property developer for financial advice on foreign property investment is like asking a second-hand car salesman for legal advice,” remarked Lydia Molyneux, director at Quy Group. “These people do not have the knowledge or training to give people investment advice - they are only interested in selling properties. “Often they will make exaggerated claims and even employ bully-boy tactics to get people to buy,” she added. Foreign property investment advice is currently unregulated so it is easy for dodgy dealers to take advantage of unsure buyers. Ms Molyneux continued by saying that many people get caught out and buy homes abroad they believe to be a sound investment.

Posted in Uncategorized, loan, mortgage loan, loan finance, mortgage refinance, loan mortgage, mortgage reverse, mortgage payment, best mortgage, loan mortgage refinance, loan mortgage texas | Comments(0) December 2007

Home loans reduced at Halifax

The Spanish arm of Halifax, Banco Halifax Hispania (BHH) has reduced its mortgage rate to help buyers buy abroad. The new rates see loans of up to 60 per cent of the value of the property fall to 3.265 per cent and loans of up to 70 per cent dip to 3.515 per cent. The new changes come into force with immediate effect - good news for people looking to purchase property abroad.

More Brits are buying holiday homes in Spain, with the figure now topping 500,000, according to Datamonitor. “We are continuing to see low levels of interest rates in Spain which makes it an excellent time to finance that dream home in the sun,” explained the head of European operations, Ian Smith. “As we move into generally what is a busy house buying period, this latest reduction in interest rates makes that overseas property even more affordable,” he added. Data monitor predicts that 36 percent of the tourist housing stock in Spain is owned by Britons, while 37 per cent of second homes owned by Britons outside of the UK are located in Spain.

Posted in Uncategorized, home equity loan, home loan, loan, loan calculator, home equity loan rate, loan rate, home equity loan comparison, home finance, loan finance, home loan finance uk | Comments(0) December 2007

Home loan equality advocated

The financial service sector is calling for mortgages to be available to all, in order to provide consumers with a better deal. Currently, some lenders only make certain mortgage products available to new customers. However, last year the Miles’ Report recommended that this practice should stop. As the report’s one year anniversary is approaching, Nationwide has taken the opportunity to urge the industry to follow its recommendations by offering a full range of mortgage products to everyone, whether they be new or existing customers.

Should the sector do so, UK mortgage borrowers could save a total of £674 million a year. Stuart Bernau, executive director of Nationwide, said that it makes “common sense” for lenders to “reward loyalty by making their full range of mortgages available to their existing customers”. People with bad credit, who are looking to secure a mortgage, will welcome the news that pressure is being put on lenders to offer their consumers a better deal.

Posted in Uncategorized, home equity loan, home loan, loan, loan calculator, home equity loan rate, loan rate, home equity loan minnesota, home equity loan comparison, home equity loan bankruptcy, home finance, loan finance, home loan finance uk | Comments(0) December 2007

Home finance deals cheaper if switched

A new study has found that people who continuously remortgage their property can save thousands of pounds. By changing their mortgage provider every couple of year’s house owners can hold on to around £10,000 which would otherwise have been paid out in interest.

Online broker, Purely Mortgages calculated that if someone with a £100,000 interest-only mortgage were to remortgage every two years over a ten-year period they could save £10,000.But six out of ten homeowners who bought more than a decade ago have never remortgaged. “The majority of endowment policies were sold in the 1980s, yet worryingly it is people who bought around this time that have lost most by not remortgaging,” commented Mark Chilton, the chief executive of Purely Mortgages.

“These borrowers will not only have paid more for their mortgage than necessary but may still be facing an endowment shortfall.”According to the survey 85 per cent of people over the age of 50 said they would not automatically remortgage. A further 3.6 million homeowners said they would only be tempted to remortgage if they moved house.

« Previous Entries

Search

Categories

Latest News

Blogroll