What is an adjustable mortgage rate?

If you are a first time buyer then you could be being hit with all sorts of strange names. One of them is the adjustable mortgage rate. Just what is it? Call it an adjustable mortgage rate, a variable mortgage rate or a bank’s standard rate (or standard variable rate). But, for many people this [...]

What is a fixed rate mortgage?

What is a fixed rate mortgage and why is it so popular over all of the other types of mortgages on the market? A fixed rate mortgage is actually a very simple mortgage. You and your potential lender enter into a mortgage agreement. You agree that they will lend you a some of money, on [...]

How does inflation affect mortgage rates?

It is a bit of a chicken and egg situation, but just how do inflation and mortgage rates impact on each other? What is the effect of inflation changing on how much your mortgage repayments will be? There are typically two rates of inflation quoted – the underlying rate of inflation based on retail prices [...]

Different factors that affect mortgage interest rates

What factors can affect you mortgage repayments? What could make you pay more, or less, for your mortgage? What do you have to be watching for and which can you influence? There are a whole host of factors that affect your monthly mortgage repayments and some of them you can influence, other you cannot help. [...]

Not sure where to get impartial mortgage advice? Ask Which?

Which? has announced that it will shortly begin to offer a mortgage advice service to take on the brokers. But, the Which? service will be free of charges for members. Which? has received the backing of the Financial Services Authority, after listening to member’s concerns that they did not know where to go for honest, [...]

The Yo-Yo Housting Market

After reporting a massive 3.7% drop in property prices for September, Halifax have reported figures showing a 1.8% increase in October. Good as this might seem, it is in no way seen as signs of an economic recovery as the Nationwide put house prices down by 0.7% over the same period. Hometrack also reported that [...]

Your house will lose even more value

A report by property specialist Hometrack predicts that house prices have got further to fall and will continue to do so into the New Year. Their survey of Estate Agents across England & Wales showed that house prices fell by 0.9% last Month (October), the biggest single monthly fall since January 2009. The report predicts [...]



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