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
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...
Categories: Government, Interest rates, Mortgage Lenders, Mortgages
Posted on 21/11/2008 by
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...
Categories: Interest rates, Mortgage Lenders, Mortgages, Tracker mortgages
Posted on 27/10/2008 by
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...
Categories: House Prices, Interest rates, Mortgage Lenders, Mortgages
Posted on 16/10/2008 by
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...
Categories: Interest rates, Mortgage Lenders, Mortgages
Posted on 21/08/2008 by
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...
Categories: Interest rates, Mortgage Lenders, Mortgages
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.