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Figures for last month showed that mortgage lending had increased by 9% on the previous month of May. Although the amount of lending isn’t quite as buoyant as it has been, the increase in lending in June is 3% higher than that of June 2016. It is suspected that many consumers have tightened up on spending since the increase in inflation and therefore confidence in the economic outlook is thought to be weakened. As the housing market and the economy are closely linked, the amount of applications received by mortgage lenders can often dip and so the UK ...
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Although mortgage rates are some of the lowest on record, mortgage fees are a different story. Mortgage fees for those looking to remortgage have hit a four-year high with many homeowners paying in excess of £1000 in fees. The same month of July last year saw the average fixed rate mortgage at £986. Too often, people are all too focused on the interest rate rather than looking at the bigger picture. Key Facts Information is provided with all mortgage offers and should be studied carefully, asking a Mortgage Broker or Adviser to fully explain the costs and to draw ...
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When it comes to making one of the biggest purchases of almost anyone’s life time, you want to ensure that it all goes smoothly and that you get the best, and right, deal for you. Many people consider cutting out the middle man when it comes to moving house as there are already many costs involved however it may be worth reconsidering as using a Mortgage Broker can ease the worry and make getting the right mortgage for you a walk in the park. A Mortgage Broker is a professional and is also on your side when trying ...
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The mortgage market has been booming for quite some time now however more recently, the market has seen the rate of mortgage approvals drop for the seventh month in a row. Mortgage lenders approved 64,645 home loans in April this year, the lowest monthly figure since September 2016. This is well below average forecasts and as a result house prices have been seen to lower slightly. There has been a reduction in house prices amounting to 0.2% in the first quarter of this year. However, the amount of unsecured debt has risen by 10.3% in the last 12 months ...
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Barclays have recently announced that they’ve made some alterations to their requirements for lending. It is not rare for lenders to regularly give consideration to lending criteria and make alterations where they feel it necessary. These alterations can come as a result of such events as a change in interest rates, the economic outlook as well as many other triggers. In the case of Barclays, they are changing their residential and buy-to-let affordability policies around annual bonuses, pension contributions and child benefit. The main changes are outlined below: Barclays are removing the £75,000 minimum income threshold for using ...
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With so much debate over what it going to happen with the interest rates many people have been unsure as to what they should do with their next mortgage deal. Are rates going to go up any time soon? Should we make the most of it until an announcement is made? Well if you’re tempted to enter into a fixed rate then look no further than HSBC! HSBC’s latest offering sees a 5-Year Fixed deal at the lowest rate currently on the market, an eye-wateringly low 1.69%. The offer is available to those with a 40% deposit with an ...
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Welcome to Online Mortgage Calculators Our new website Online Mortgage Calculators is now live and we are so pleased with how it looks and feels. Our goal has always been to help anyone who is looking to either take on a new mortgage or negotiate an existing mortgage product. Our website is written by qualified mortgage advisers and our aim is not to sell to you but help. All leads generated by the website got to vetted independent mortgage brokers who most offer the following: 30 minute free consultation Must not bombard you with Spam emails Must not sell your ...
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