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 4 April 2008 by
Figures for February show that unsecured lending has soared by £2.4bn, (January's increase was £0.9bn). To put this into perspective, this is 215percent more than last February.
What does this mean?...
Posted on 4 April 2008 by
First Direct, Earl of Shilton, Bath Building Society and this morning, SALT, the specialist lending wing of the Derbyshire, have withdrawn from the market.
Other lenders have chosen to price themselves out of the...
Posted on 31 March 2008 by
· Lenders pulling out of the market on a few hours’ notice leaving borrowers high and dry
· Some re-pricing by 0.8% to avoid new business
Lenders’ cost of...
Posted on 27 March 2008 by
FURTHER BANK RATE CUT STILL NEEDED DESPITE INFLATION AND GROWTH FIGURES
Treasury predicts 2.25% growth for 2009 and inflation reaches the magic 3%
Category: Mortgage Lenders
Posted on 6 March 2008 by
Saffron is applying a 2% Early Repayment charge (ERC) for two years, to its Climate change Tracker, and its Shared ownership lifetime tracker. Term trackers (which track Bank rate for the whole life of the...
The blog postings on this site soley reflect the personal views of the authors and do not neccessarily 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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