Remortgage - Product Reviews

20 August 2009 - House prices up by 6.7 % since the start of the year

House prices up by 6.7 % since the start of the year House prices have started to recover some of the large losses suffered since the market peak of summer 2007. The Royal Institute of Chartered Surveyors (RICS) published its latest housing survey showing that the overall property market has ... More

17 August 2009 - Borrowers in the United Kingdom targeted by the Bank of China

Borrowers in the United Kingdom targeted by the Bank of China With the mortgage market just starting to show signs of life, there is a further interesting development in that the Bank of China, the third largest bank in the world, is seeking to increase its footprint in the UK. Whilst the ... More

13 August 2009 - New mortgage products available

New mortgage products available The mortgage market in the UK has undergone a significant change following the financial crisis and subsequent recession. The fall out from the meltdown is a significant reduction in the number of providers as well as a strong drive towards over careful lending ... More

11 August 2009 - Remortgage options becoming more tempting

Remortgage options becoming more tempting The recent round of banking results gives some indication that the worst may be over in the financial markets. This is good news for borrowers as it means that access to loans and mortgages could start to get easier as the recession shows signs of ... More

8 August 2009 - New mortgages on the increase as house prices are still rising

New mortgages on the increase as house prices are still rising The Council of Mortgage Lenders (CML) has recently issued statistics from its members that show a dramatic 17% rise in the mortgage lending in June 2009. The amount lent was £12.3bn – up from £10.5bn in May. However, mortgage ... More

8 August 2009 - 20 billion overspend revealed by the Treasury

20 billion overspend revealed by the Treasury Public finances are in a mess. Well, that is the non technical term for the pickle that we now seem to find ourselves in after the greatest banking rescue in history combined with the deepest recession since the 1930's. Government overspending on... More

5 August 2009 - 80% LTV offered by Black Horse

80% LTV offered by Black Horse The banks really are in a pickle. They are being forced by the regulator, the Financial Services Authority (FSA) to hold more capital in case of losses and yet are being 'encouraged' by the government to increase lending to businesses and consumers. These two ... More

5 August 2009 - Is it time to get back on the property ladder

Is it time to get back on the property ladder House prices appear to have stabilised and even started to gain some of their value lost over the past two years. So appears to be the picture of the latest house price surveys that have shown small monthly increases in value for the last four ... More

5 August 2009 - 5.99 fixed rate mortgaged launched with Abbey

5.99 fixed rate mortgaged launched with Abbey It is almost like being back in the old days. New mortgage offers are being announced almost every day as the market scrambles itself back from the edge of oblivion to something approaching the very minimum of what could be described as ... More

17 July 2009 - National Housing Federation Predicts That Average House Prices Will Rise In England

National Housing Federation Predicts That Average House Prices Will Rise In England The National Housing Federation has predicted that house prices will increase by 25% by 2013. This will take the average value of a home to £274,000 from the current £180,000 as measured by the Halifax price ... More

16 July 2009 - Home Repossession On The Decline

Home Repossession On The Decline Homeowners face many fewer repossessions in 2009 than in earlier years, according to a spokesperson for the Council of Mortgage Lenders recently. They have reduced their forecast for total repossessions in 2009 down to 65,000 from 75,000 and base this on the ... More

14 July 2009 - Bank of England Says Financial Crisis Is Easing

Bank of England Says Financial Crisis Is Easing It seems that the Bank of England has started to see an end to the financial crisis that has so badly affected global markets and many household name institutions in recent months. Speaking recently, Paul Fisher, Executive Director Markets at ... More

13 July 2009 - Gap In UK House Prices Is Getting Smaller

Gap In UK House Prices Is Getting Smaller There may be some hope that the property price slide is nearing the bottom of the cycle. Recent research conducted by the Royal Institute of Chartered Surveyors has found that the gap between asking and selling prices has started to narrow, although ... More

8 July 2009 - New Mortgage Products On The Increase

New Mortgage Products On The Increase Given the financial markets turmoil over the past two years, it would be easy to think that there was no appetite amongst lenders to increase their range of products on offer. As the worst of the global meltdown took its toll, there was a significant ... More

7 July 2009 - Housing Market Slump Close To An End

Housing Market Slump Close To An End After many months of watching house prices fall in response to the chaos in the financial markets and global meltdown of economies, there may be some rays of hope that the bottom has been reached and prices may be beginning to harden. Residential property... More

6 July 2009 - Intelligent Finance pulls out of the mortgage market

Intelligent Finance pulls out of the mortgage market Intelligent Finance has announced that it is to stop providing offset mortgages and concentrate instead on offering a range of savings and investment products. Intelligent Finance is a division of Halifax plc and was formed in 2000. ... More

6 July 2009 - House prices increase the 4th month running

House prices increase the 4th month running After a period of dropping prices, homes in the UK appear to have started a slow rebound in value. For the fourth month in a row, house prices have shown a month on month increase in value and given a hint that perhaps the worst of the property value ... More

19 June 2009 - One In Ten UK Homeowners Are In Negative Equity

One In Ten UK Homeowners Are In Negative Equity Many consider their home as an investment and see the equity built over time as a contributor to pension or a more comfortable standard of living in retirement. Therefore, a fall in the value of property hits hard at our real wealth, albeit it ... More

28 May 2009 - What has the Budget Done for You?

What has the Budget Done for You? Introduction The United Kingdom formally entered recession in December 2008, and recession is being experienced by all the major economies in the world – the Eurozone, USA and Japan included – and the global economy is set to contract by 1¼% in 2009, the ... More

26 May 2009 - House Prices On The Increase

House Prices On The Increase The UK housing market has been through the deepest and most sudden slump in living memory. Every day brings a new survey, a new poll, new data, all seeming to indicate that house prices remain on the floor and indeed falling still. But are there any grounds for ... More

27 March 2009 - Mortgage Rates: How Low Will They Go?

Mortgage Rates: How Low Will They Go? Introduction The United Kingdom officially entered recession in the final quarter of 2008, and the Bank of England has been forced to make cumulative cuts in the Bank Rate – from 5.0% in October 2008, to just 0.5% in March 2009 – in an effort to arrest ... More

13 February 2009 - How Long Does It Take To Remortgage?

How Long Does It Take To Remortgage? Introduction There are numerous reasons why you might want to remortgage your existing home, but typical reasons include moving to a better interest rate – instead of reverting to the (typically uncompetitive) SVR, or "Standard Variable Rate", offered by ... More

11 February 2009 - Is It Better To Go To A Broker Or Direct To The Bank When Remortgaging?

Is It Better To Go To A Broker Or Direct To The Bank When Remortgaging? One of the most important decisions you will ever make in life will be which mortgage to take out to help you purchase a home, so you'll want to be certain that you are getting the best deal for your situation. There are ... More

9 February 2009 - What Fees Do I Need To Pay When Remortgaging?

What Fees Do I Need To Pay When Remortgaging? As a homeowner, you might choose to remortgage for several reasons: • To reduce their existing debt to a cheaper home loan • Because you anticipate lower interest rates • To take advantage of better interest rate deals such as extended fixed ... More

5 February 2009 - Mortgage:-Difference between trackers and fixed rates

There are many different types of mortgage available in the market. Despite the number of mortgages on offer being reduced significantly over the past year due to the economic recession and banking crisis, the two most popular types remain as the core offering. The principal choice of interest ... More

5 February 2009 - Is it a good time to remortgage now interest rates are low

With interest rates at their lowest level for 50 years, now might be a good time to consider remortgaging your home. Remortgaging to a lower rate can have a number of advantages above simply looking to reduce your current monthly payment amount. The unfortunate side of the recent financial ... More

4 February 2009 - Remortgaging when you are self employed

Being self employed has lots of advantages – but it can also have its challenges too. If you are a sole trader or small business partnership, your income can be irregular and unpredictable. With interest rates at record lows, now is a good time to consider remortgaging to achieve a lower rate or ... More

4 February 2009 - Self Certification Mortgages - What Are They?

Self Certification Mortgages - What Are They? When your income is uncertain or hard to prove it can be a challenge even at the best of times to get a mortgage or loan. These days, with the economy in poor shape and with many either losing their jobs or suffering a reduction in hours, lenders ... More

4 February 2009 - Bridging Finance - Can This Help?

Bridging Finance - Can This Help? It isn't always possible for everything to happen in a nice orderly manner and for all your finances to fall into place exactly at the right time and for the desired amount. There may be times when a Bridging Loan can help. A Bridging Loan is a short ... More

4 February 2009 - New Mortgage what Deposits will be nedded?

We have certainly entered a new era for mortgages. In the heady days of the last 20 years it was possible to get a mortgage agreed for up to 120% of the value of the home. This was justified on the basis that house prices were rising at 10% per annum and that within a few years, the home owner ... More

30 December 2008 - Why Can't I Get A Mortgage/Remortgage?

Why Can't I Get A Mortgage? Introduction It is fair to say that the British housing market – and therefore the mortgage market, by definition – has taken a battering during 2008. Banks and other financial institutions do not have as much money as previously and, as a result, have reduced the... More

25 November 2008 - Interest Only mortgage or remortgage the facts

With finances becoming more and more stretched, it seems the obvious answer to try and cut back on your biggest outgoing, which for most of us is our mortgage. But is this possible? Let JSTFinancial guide you through the pros and cons of a very turbulent mortgage market. The obvious choice is ... More

7 October 2008 - Credit Crunch Remortgage

Credit Crunch Remortgage The credit crunch has started to bite hard, not only in the UK but on a Global scale, the lack of available credit has forced lenders to tighten their criteria. So what does that mean for homeowners who are coming to the end of their current deals and need to ... More

7 October 2008 - What is remortgaging?

What is remortgaging? Remortgaging is moving your current mortgage to a new mortgage lender, in order to lower the amount you're paying on your mortgage. The new lender pays off the mortgage owing to the old lender. You are then left with just one mortgage loan, now payable to your new ... More

19 September 2008 - Applying ForA Re-mortgage What Are The Stages?

Applying for re-mortgage can be made easy, if you follow a few simple steps before you apply for the re-mortgage. Your home is most people's main asset and re-mortgaging your home correctly will need great care. Complete Re-mortgage research, to establish which plan is best for you the ... More

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