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 23/02/2009 by Drew

Northern Rock is set to return to the mortgage market with a £14bn lending plan only 12 months after it was nationalised.  The nationalised bank will also offer deals up to 90 per cent loan to value, a level that has been...

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Categories: Government, Interest rates, Mortgage Lenders, Mortgages

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Posted on 21/11/2008 by Drew

The historic cut in interest rates of 2% over the last two months has seen many mortgage borrowers’ monthly payments reduce dramatically.  You should, if you can, maintain pre-cut payments and use the low interest rate...

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Categories: Interest rates, Mortgage Lenders, Mortgages, Tracker mortgages

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Posted on 27/10/2008 by Drew

The Markets suffer yet again, particularly the Far East  :-Nikkei (-6.4%)  lowest level for 26 years  South Korea - Kospi (+0.8) following rate cut of 75bpsHang Seng (-12.7%)  biggest...

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Categories: House Prices, Interest rates, Mortgage Lenders, Mortgages

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Posted on 16/10/2008 by Drew

Another bad day for the markets yesterday, with the Dow finishing 733 down, the Nikkei 1,089 and most other indices were in negative territory.  It is also not looking promising today as the FTSE slips below 4,000 in early...

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Categories: Interest rates, Mortgage Lenders, Mortgages

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Posted on 21/08/2008 by Drew

News from the Council of Mortgage Lenders that lending activity picked up very slightly in July, with £24.8 billion advanced to borrowers. This is up a modest 5% from June, but still down 27% year on year.

Whilst one should...

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Categories: Interest rates, Mortgage Lenders, Mortgages

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