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…
Drew Wotherspoon
28/10/2009 by
In a welcome sign that the market is continuing to ease, Nationwide is increasing its loan to value on a number of its tracker products to 85%. This is welcome news for many consumers who have been unable to get on the property...
08/10/2009 by
Today’s no change decision may be a bit of a non event but there is at last some action back in the mortgage market. September saw the usual seasonal upturn and over the last few days we have at last started to see some real...
08/09/2009 by
Rates
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...
Categories: Interest rates, House Prices, Mortgages
20/08/2009 by
Rates
Bank Of England rate - 0.5% - kept on hold (next decision 10th September)
ECB rate kept on hold at 1% - (next decision 3rd September)
Expectations were growing in the City last night that interest rates could remain at...
19/08/2009 by
Rates
• Bank Of England rate - 0.5% - kept on hold (next decision 10th September)
• ECB rate kept on hold at 1% - (next decision 3rd September)
Minutes of the MPC meeting on 6 August reveal that the Governor of the Bank...
09/07/2009 by
The MPC’s decision today to leave Bank Rate unchanged for another month was really the only possible conclusion and the committee probably spent more time discussing the Quantitative Easing (QE) programme than whether to change...
06/07/2009 by
Regular readers of the money press will be aware that the recent hot topic has been whether to fix or not. Up until now the overwhelming evidence has pointed towards fixing being the right thing to do. However, the best fixed...
30/06/2009 by
According to the latest survey from the Nationwide, UK house prices rose by 0.9% in June, the third rise in the past four months, and shrank the annual rate of decline to just 9.3%, from 11.3% in May.
The increase in prices during...
17/06/2009 by
Latest John Charcol Monthly Mortgage Index shows purchases now represent over half of all new mortgage applications
12/06/2009 by
According to the CML, the number of loans handed out for house purchases in the UK rose by 16% in April compared with the previous month. However the figure remains 28% down on the same month the previous year. The data is bound...
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.