It is “inevitable” that the number of home repossessions will start to rise in the near future, one expert has suggested. UK Insolvency Helpline money advice coordinator Ian Boden-Smyth indicated that the low base rate is helping people to keep…
The latest Council of Mortgage Lenders statistics have been dubbed “encouraging” by one expert, who suggested he had not been anticipating them. According to the organisation, house purchase loans were up by 23 per cent to 45,000 in June, while…
Continue reading the "New mortgage lending figures are “pleasantly surprising”" »
Those that are struggling to pay their mortgages should be protected by the financial service authority, one expert has claimed. Peter Vicary-Smith, chief executive of consumer campaign group Which? stated that it is unfair that people who are already finding…
Continue reading the "Indebted people ‘should be helped by the FSA’" »
First-time buyers (FTBs) are having problems getting on to the housing ladder at the moment due to the situation in the mortgage market, it has been suggested. According to broker Peter Cowell of Click n go Mortgages, those not looking…
Continue reading the "First-time buyers ‘finding it difficult’" »
Remortgage approvals may have gone up because more people are looking to take on a fixed-rate product, one expert has suggested. Andy Pratt, chief operating officer at mortgage broker Alexander Hall, said those looking for a new deal on their…
Lending for potential property purchasers seems to be showing signs of stability, one expert has suggested. Head of savings policy at the Building Societies Association Brian Morris said that while borrowing is still at “historically low levels”, it exhibited a…
Continue reading the "Mortgage lending ‘could be stabilising’" »
First-time buyers should carefully consider shared ownership schemes before taking the plunge, one expert has suggested. Spokesperson for affordable housing lobbying organisation PricedOut.co.uk Katy John said some developers may be “desperate” to sell flats under these types of initiative and…
Continue reading the "First-time buyers ‘should consider their options’" »
People looking for the best rates on their mortgage may have to take a gamble on either a fixed-rate or tracker deal, one expert has suggested. Darren Cook, head of mortgages at financial comparison site Moneyfacts.co.uk, said that traditionally fixed-rate…
Continue reading the "People ‘may have to take a gamble’ on their mortgage" »
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