Mortgages & me
Bringing both explanation and humour (yes, it is possible) to an often perceived realm of boredom
Mortgages. Let’s not kid ourselves here. If you had the choice of having one or not then there would be no choice. However, the vast majority of us, Russian billionaires excluded, need them to fuel that much loved British tradition – homeownership. So, if we all accept that we need them, you may as well do something positive and get the best one for you. It is staggering how many people make sure they get value for money from every day items but do not manage their home loan properly - the savings far outweigh the difference between the best baked beans and the value ones.
So, this blog will attempt to look at the world of mortgages and the housing market and try to bring both explanation and humour (yes, it is possible), and spark some comment, to an oft perceived realm of boredom. Here goes…
Posted on 6 May 2008 by
HBOS has announced that as of 5pm today, they require at lest a 25% deposit for all Buy to Let new build flats / apartments including newly converted (within 12 months of application) and previously unoccupied flats. ...
Posted on 1 May 2008 by
Abbey is reducing its 2 year Tracker at 75% and their 2 year fixed rate products at 75% by 0.11%. All other fixed rates are increasing by between 0.02% and 0.21%. This takes the 2 year...
Posted on 29 April 2008 by
House price values and mortgage approvals will inevitably follow each other, because in a rising market, more people see investing in a house as a good idea so go out and get a mortgage, and equally, a sudden lack of mortgages...
Posted on 23 April 2008 by
Bows and sucker-ended arrows from one side, hats and cap guns from the other.
It is surprising that this month’s decision by the MPC to cut rates was not unanimous, given the desperation to ease liquidity in the market...
Posted on 18 April 2008 by
RBS this morning has asked its shareholders to stump up more cash for its capital slush fund. This is no worry to existing RBS customers; this is a reference to the reserve of capital that all lenders have stashed away (normally...
The blog postings on this site soley reflect the personal views of the authors and do not neccessarily represent the views, positions, strategies or opinions of Charcol Limited. All comments are made in good faith, and neither Charcol Limited nor Drew Wotherspoon will accept liability for them.
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