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…
TODAY'S MPC MEETING A SIDESHOW WITH ALL EYES ON THE ECB MEETING
• Eurozone crisis Summit will Determine the Fate of he Euro
Ray Boulger of leading independent mortgage adviser John Charcol comments on the news that the MPC...
Following reports in the press that First Time Buyers aren’t aware of the return of High LTV’s (Loan To Value), we thought it worth making a bit of a splash about this. ...
A survey from specialist buy to let lender Paragon Group reports that strong demand for rental properties and improving finance conditions have led to 71% of landlords being optimistic about the outlook for 2011. ...
Read what Ray Boulger has to say on the latest ads from Lloyds Banking Group. Click here to find out more.
With Yorkshire Building Society announcing cuts from today across the board in its fixed rates, they become the latest lender to cut rates despite a static bank rate and swap rates at the top end of their recent trading range. ...
Bank Of England rate - 0.5% - kept on hold (next decision 10th September)
ECB rate kept on hold at 1% - (next decision 8th October)
A meeting of the Bank for International Settlements (BIS), which consists of the...
Northern Rock is set to return to the mortgage market with a £14bn lending plan only 12 months after it was nationalised. The nationalised bank will also offer deals up to 90 per cent loan to value, a level that has been severely...
The historic cut in interest rates of 2% over the last two months has seen many mortgage borrowers’ monthly payments reduce dramatically. You should, if you can, maintain pre-cut payments and use the low interest rate environment...
The Markets suffer yet again, particularly the Far East :-
Nikkei (-6.4%) lowest level for 26 years
South Korea - Kospi (+0.8) following rate cut of 75bps
Hang Seng (-12.7%) biggest single day fall since 1991
China - Shanghai...
Another bad day for the markets yesterday, with the Dow finishing 733 down, the Nikkei 1,089 and most other indices were in negative territory. It is also not looking promising today as the FTSE slips below 4,000 in early...
The blog postings on this site solely reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and neither John Charcol nor Drew Wotherspoon will accept liability for them.