Homeowners rushing to grab remortgage deals

With the base rate having been stuck on 0.5% since March 2009, it came as no real surprise that two thirds of mortgage holders (8 million) where on their bank’s standard variable rate product. But figures are now showing a massive shift in the market as homeowners rush to find better long term deals. In [...]

Lowest number of monthly remortgages for 10 years

The ratio of remortgages arranged to new mortgages has fallen to a 10-year low the Council of Mortgage Lenders has reported. With only a quarter of mortgages taken out in August being remortgages, this is the smallest ratio since the end of 1999. Approximately 25,000 remortgages were arranged in August, 13% down on July and [...]

Consolidating Your Debt Through a Second Mortgage

Many people look at bringing their debts together under one roof, but is a second mortgage the answer? Is this the way forward? Many people have debts all over the place costing a small fortune in monthly payments. The interest rates on these store cards, credit cards, loans for new furniture and other loans all [...]

The Danger Of The Interest Only Mortgage

Over the past 5 or 6 years many borrowers have taken out interest only mortgages, with the intention of paying off the loan at the end of the 20 -25 year term by selling their house and downsizing. But, with the property market dropping, this is causing these expectations to look increasingly unsecure. Worse still, [...]

4 Tips for changing mortgage company

If you are currently in an expensive mortgage and want to save a bit of cash, maybe it is time to switch. But, how should you do that? Tip 1) Ask your existing mortgage company what they can do. It may sound daft, but if you are thinking of moving your mortgage to another bank, [...]

Tips For Changing Your Mortgage

First things first. Although changing mortgages looks like you can save a fortune by getting a lower interest rate, this is not always the case. Yes, the rate you are moving to may be significantly cheaper. But there are a lot of hidden costs involved and the net result of these costs could be that [...]

Save Money – Think About Not Remortgaging!

For many people their current mortgage deals are coming to an end and they are having to move to a new mortgage to save cash. But is it always the case that a lower rate mortgage is cheaper? On the face of it, if you can reduce your monthly mortgage payments by 0.5% then you [...]



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