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 12 August 2008 by Drew

Figures from the Council of Mortgage Lenders have revealed that the number of loans for house pruchase in the UK in June fell to fewer than half the number made in the same month in 2007.  Some 47,000 loans were approved...

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Category: Fixed rate mortgages, Interest rates, Mortgages, Tracker mortgages

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Posted on 18 July 2008 by Drew

For far too long, the status quo of the mortgage market has been increasing rates and misery for most borrowers.  The crunch has seen liquidity in the market all but dry up, but news from Nationwide that they are cutting...

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Posted on 14 July 2008 by Drew

The price of our homes is a national obsession that shows no sign of abating.  The media is stacked full with numerous people who are all too willing to comment on what they believe will happen to house prices.  We...

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Posted on 6 May 2008 by Katie Tucker

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. ...

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Posted on 1 May 2008 by Katie Tucker

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...

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