From the monthly archives:

January 2009

How To Choose The Best Mortgage Deal

January 26, 2009

There were over 4,500 mortgage schemes to choose from, offered by over 200 lenders – or more accurately around 100 lenders, each with multiple identities. Since the credit crunch hit the UK these numbers have reduced by over 50%.
So how do you choose the best mortgage deal for you and your particular circumstances?. How can [...]

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Sorting Out Mortgage Problems

January 19, 2009

Mortgage Problems can be divided into three distinct areas

Problems obtaining a mortgage
Problems during the mortgage process
Problems encountered during the mortgage term

Current problems in the mortgage and property markets are mainly down to the unwillingness of banks to lend to first time buyers.  In more stable time these are the problems, in roughly the order that [...]

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100% Mortgages

January 16, 2009

How to get a 100% Mortgage
Conventional wisdom has it that you can’t get a 100% mortgage in January 2009, but this isn’t a conventional mortgage blog, so I’m here to tell you that you can if the circumstances are right, here’s how …
First, you need a motivated seller
A motivated seller could be someone who HAS [...]

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The real state of the uk property market

January 12, 2009

In November 2007 there were 27,000 new mortgage approvals, that’s 76% down on new approvals at the top of the housing market in mid 2007.
The amount borrowed has also significantly reduced, not by 76%, but by 90% from November 2007 to November 2008.
First time buyers are struggling to get a mortgage without a 15% [...]

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Best Mortgage Deals

January 12, 2009

Best Mortgage Deals
If you are looking for the best mortgage deals or remortgage deals at the moment it will pay to keep your wits about you and get out your calculator. What you’ll find is that most lenders are offering fixed rates or more commonly a fixed rate followed by a discounted rate. Add fees [...]

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Mortgage Decision In Principle

January 11, 2009

A decision in principle certificate will be offered by a lender who a) offers the service, and b) has credit checked, credit scored, and applied their income multiple criteria, to brief information supplied by a potential mortgage applicant.
View your Experian credit report online for free
Subject to the valuation of the property, and the information supplied [...]

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Mortgage Valuation Fees

January 11, 2009

You will usually be offered a choice between three types of valuation

Mortgage Valuation

Homebuyers Valuation

Full Structural Survey

Mortgage Valuation
Most people opt for the standard mortgage valuation as it’s the cheapest option. The purpose of this report is mainly for the lender to ascertain that the property is readily saleable at the purchase price. In other words, that [...]

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The Mortgage Process Part Four

January 10, 2009

Have an offer accepted
Simple enough, if your offer is the highest, it should be accepted. One frustration that you may encounter here, is the seller, who insists on continuing to market the property after accepting your offer. This is quite common, and requires little effort on the sellers part, other than telling the estate [...]

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The Mortgage Process Part Three

January 9, 2009

Now the game begins, or if you would rather not treat it as a game, now the stress starts. It is helpful to realise at this stage that there’s a reason why it’s called the “housing market”. Property vendors (sellers) want the best price that they can get, whilst sellers would like to pay the [...]

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Repayment Mortgages

January 8, 2009

Repayment mortgages are the “traditional” type of mortgage. Each monthly payment that you make to the mortgage lender covers the interest charged, and also repays some of the capital borrowed.
The lender works out a level mortgage payment for you based on the mortgage term. This means that in the early years of your mortgage, you [...]

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