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

JOHN CHARCOL SEES APPLICATIONS FOR FIXED RATES SURGE TO 8 OUT OF 10 NEW MORTGAGES

Posted on 27 April 2009 by Drew

• John Charcol launches a new 3 part Monthly Index tracking split between:(1)Fixed/Capped/Trackers (2)Purchases and Remortgages (3)FTBs/Other PurchasersThe first quarter of 2009 has seen one of the biggest ever...

Nationwide update

Posted on 27 April 2009 by Drew

With effect from Thursday 30th they are launching a new variable rate, the Standard Mortgage Rate (SMR). The SMR will be their new revert rate and will launch with a variable rate of 3.99%. The SMR comes with the full range of...

Nationwide SVR changes

Posted on 27 April 2009 by Drew

Word reaches Charcol Towers that Nationwide will be introducing a new Standard Variable rate with a new name which will allow them to get round the fact that they have to keep their current one at 2% above base rate. More...

Mortgage lending fluctuates

Posted on 27 April 2009 by Drew

Mortgage lending by the UK's major banks fell for the first time in four months in March, tempering the talk of housing market recovery.

The number of mortgages approved for house purchases fell to 26,097 in March, down 6.8%...

To fix or not to fix...

Posted on 27 April 2009 by Drew

This is a question that is becoming more and more prevalent in the market, to which we believe the answer is firmly the former - now is indeed the time to fix. At the start of this month there were some fixed rate reductions from...

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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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Your initial consultation is obligation free. There will be a minimum fee for our service of £450, of which £150 is payable when you apply, and we will retain the commission from the lender. Alternatively, you can choose the fee only option which is typically 0.63% of the amount borrowed. The precise amount will depend on your circumstances and loan amount, and will be discussed and agreed before you make an application.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT

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