FAQ – Equity Release
1. What qualifying criteria apply to an Equity Release programme? If you are 55 years or under, and a property owner. 2. What charges apply to an Equity Release programme? There are a number of fees...
View ArticleHomeowners Need Deposit of over 20%
First time buyers are becoming more stretched as the credit crunch limits the amount of best buy mortgage deals available. According to research published by This is Money, the average homeowner needs...
View ArticleNew Low for Mortgage Approvals
The number of mortgages being approved is now at a record low and almost half the rate of 12 months ago, according to new research from the Bank of England. April saw just 58,000 new mortgages were...
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Tenancy Deposit Protection
The average renters deposit in the in the UK is £670, but many consumers do not have this desposit protected. This is despite the fact that it is a legal requirement for landlors to ensure that a...
View ArticleMillions Need Housing Help
The number of repossessions increasing, house prices falling, unemployment rising and the building constructions coming to an almost complete stand still – UK homeowners are going to find that keeping...
View ArticleMany Homes Could be in Negative Equity
Falling house prices could be that many homes could be in negative equity. Nationwide building society have releases figures which show that average house prices have fallen by 1.7% in September. There...
View ArticleNegative Equity Crisis
More than 23,000 people who took out 100% mortgages at the peak of the property boom could be facing a negative equity crises. New research from the Council of Mortgage Lenders (CML) says that for...
View ArticleHouse Prices Not Low Enough for 1st Time Buyers
House prices may be falling throughout the UK but this is not enough for first time buyers. New research shows that more than one in four of those looking to get onto the property ladder are out priced...
View ArticleManaging Mortgage Arrears
How Mortgage Lenders Manage Mortgage Arrears There Are Set Rules Which Mortgage Lenders Must Adhere To When Dealing With Mortgage Arrears Mortgage lenders often manage mortgage arrears entirely...
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Church of England Battle Payday Lenders as FCA Issue Advertisement Warning
The Church Credit Champions Network (CCCN) has been launched by the Church of England, to encourage financial education, responsible lending and signpost alternatives to payday lenders. The network is...
View ArticleInterest rate rise potentially on the cards for 2016
The Bank of England have potentially earmarked January 2016 when interest rates could be set to rise. The current rate of 0.5% has been in effect since March 2009, meaning the standard variable rate...
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