Remortgage
Due to the credit crunch remortgage products are disappearing every day and the lenders that are still lending are putting their rates up.
If you have a clean credit history you should be able to remortgage with any High Street Lender up to 90% of your property value with ease. But be aware of the fees that they are charging, if there is a high fee is it worth remortgaging.
If you have a adverse credit history then you may struggle to find a remortgage, most of the lenders who would accept homeowners with a poor credit history have either stopped lending or reduce the maximum loan amount you can borrow against your property to 75%
However its not all bad news with the expert guidance you may be able to find a remortgage, if you are looking for a remortgage and would like some help please click here
Britons might be feeling the Global pinch of the Credit Crunch, however despite the crunch they are still ready to pay ....More
New mortgage customers will once again be able to apply for a home loan through first direct. First had frozen new applications because it was unable to cope with such high demand....More
According to a report from the BBC House Prices......More
Lending is down by 40% in the last year...more
The Bank Of England have reported ...more
People want property prices to fall......Read More
Your Not Alone
You wont be suprised to hear that you are not alone if you are struggling to keep up repayments....more
The Middle Class In Britain now being hit by devasting debt crisis. More and more middle class are seeking debt help.....Read More
Mortgage Lenders are reducing the amount of money they are willing to lend to us. For an example last year it was possible to buy a property without a deposit(100% mortgage). Now with most lenders you will need at least 10% Deposit. For more information on what lenders are lending click here
Mortgage lending is at its lowest level for 33 years, according to figures from the Council of Mortgage Lenders (CML).
The total number of mortgage lent in the first quarter of this years is just 142,000 This is the lowest quarterly figure since 1975.
The CML predicted lending and house sales would fall even further in the next few months because of the credit crunch affecting the banking system.For more info click here
At The Manchester Mortgage Expo Being held on 14th and 15th of May The Council Of Mortgage Lenders revealed click here
Many believe that we are going to see a fall in house prices over the next 2 Years.... more