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
Posted on 21 January 2010 by
The big news today is that the Skipton Building Society has increased its Standard Variable Rate from 3.5% to a staggering 4.95%, at the same time breaking contracts with thousands of their borrowers. They had promised...
Posted on 20 January 2010 by
Variable rate mortgages accounted for more than four in every five (80.9%) home loans arranged by John Charcol in the last month of 2009. The John Charcol Index revealed that the proportion of fixed rates has fallen below...
Posted on 19 January 2010 by
There is a possibility that interest rates could rise sooner than expected after the latest inflation figures showed a larger than anticipated rise to 2.9% in December. Some of the increase can be attributed to VAT being...
Posted on 11 January 2010 by
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...
Category: Fixed rate mortgages, Interest rates, Mortgages
Posted on 8 January 2010 by
There is much debate in the industry and press currently as to the right course of action when it comes to picking a mortgage. At JC, we still believe that trackers are likely to be the product of choice for some time, but...
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 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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