Are rising rents going to kick start the buy to let revolution again?
For many homeowners they have become reluctant landlords after being unable to sell their property. As potential first time buyers struggle to achieve the mortgage deposit for their own home and turn to renting, could this be kick starting the renting market creating pressure on would be renters and hence increasing prices. Many estate agents [...]
Daily express reckons mortgages have never been cheaper.
According to this weeks daily express now could be the best time to have a mortgage…because they are as cheap as they have been in recent times. Cheap is fine if you can actually obtain one. With deposits required for homes at record highs its making getting on the property ladder very difficult for many. [...]
Are you being forced to rent your home?
The current lack of availability for mortgages is causing many families and would be buyers to rent. This in turn is driving up rental yields making it more profitable for landlords to invest if they have the capital. So we seem to have that familiar situation where first time buyers are in competition with landlords [...]
Could mortgage approval rates decline significantly?
There has been much speculation of late that confidence in the housing market is so low that it may not be possible for many young families and prospective homeowners to archive their dream of home ownership as mortgage approval rates plummet and decline. Many are relying on a wait and see approach for the housing [...]
Record low interest rates boost borrowers
Interestingly the Daily Express ran a headline this past week suggesting that interest rates will remain at record low levels for the foreseable future. This is potentially very good for borrowers and those with mortgages especially as the expected payments on a mortgage dwindle. Whether savings will be passed on to standard loans is another [...]
Interest rates are still 0.5%
Interest rates are still at record lows but mortgages are only starting to get reduced, but not enough. There still is uproar amoungst many that the banks are charging large amounts for their loans and mortgages whilst offering paltry returns for savers. At the latest MPC meeting where interest rates are decided, it was unanimously [...]
Mortgage rates
With mortgage rates averaging at an all-time low (0.5%) it’s important to understand what factors influence such rates. Specifics relating to individual lenders may vary, but in general these factors are universal. One vital aspect to know about your lender is how often they revise their mortgage rates, whether daily, weekly, monthly, or annually. If [...]
Home equity
Home equity is the difference between the value of one’s home and the amount remaining to be paid on the mortgage; essentially, how much of the house one owns. After a time, equity accumulates and there are several options one can use to make the most of it. First of all, let’s go over specifically [...]
