April 15th 2010
Categories:
Banks,
Debts,
Financial,
Financial Information,
Financial Services,
Home Equity,
Interest Rate,
Loans,
Money,
Mortgage,
Personal Finance
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Champion Finance, the Glasgow based finance broker, who have been arranging homeowner loans throughout the whole of the UK for twenty six years, now feel that a new glimmer of hope is being witnessed after what has been a very bleak time for the once so buoyant secured loans industry.
During the ...
First time buyers who didn’t manage to find a new home before the government’s stamp duty concession ended shouldn’t despair, says a leading UK mortgage broker.
In an effort to tempt buyers into the market, the government removed the stamp duty levy on properties costing under £175,000 for just over a ...
One of the major advantages of today’s world is that we have choices in nearly everything we buy.
And considering that a mortgage is probably the biggest financial commitment we will ever make, then it’s the one decision that we should have some help with, to ensure that we get the ...
Securities Based Funding, Inc. announces a unique financing advantage to borrowers against the value of their securities portfolio at below-market, simple interest, fixed rate loans ranging from 2.5% to 4.5%.
These non-recourse loans will assist Domestic and international buyers, sellers and developers of properties worldwide. The loan proceeds can be ...
The Pre Budget Report did not bring an extension of the stamp duty exemption for property purchases up to £175,000, which means purchasers will face a stamp duty bill of up to £1,750 next year.
Commenting, David Hollingworth at L&C Mortgages said, “With much larger deposits required to secure a mortgage the ...
The different types of life insurance cover available can sound confusing, but the choice is more straightforward than people think. If you have a family with children, as a bare minimum you should consider life assurance that would pay off your mortgage upon death. There is then the option of cover ...
This product 'tweak', although seemingly small, could cost personal loan customers an extra GBP322 in interest paid on a typical loan of GBP10,000. With UK consumers currently forking out GBP181 million in interest daily, this will only add to an already hefty bill.
As consumers struggle to manage their debts in ...
So far this year, fixed rate mortgages have been by far the most popular choice of deal as borrowers have sought the security of a fixed rate during the recession.
However, August has seen an increase in interest for tracker rates which are linked directly to the Bank of England Rate. ...
An offset mortgage works by using savings you have to reduce the amount you owe on your mortgage and therefore the amount of mortgage interest you pay. For example, if you have an outstanding mortgage of £120,000 and savings of £20,000, you would only pay interest on a mortgage of £100,000. ...
Securities Based Funding, Inc. announces a unique financing advantage to borrowers against the value of their securities portfolio at below-market, simple interest, fixed rate loans ranging from 2.5% to 4.5%. These non-recourse loans will assist buyers, sellers and developers of properties worldwide. The loan proceeds can be used for any purpose except to buy ...
Fixed rate mortgages accounted for 74% of all loans in the month, the highest share since August 2007.
Encouragingly the CML predicted that lenders might become slightly more relaxed in the coming months following the introduction of some higher loan–to–value mortgages recently. This is backed up by the Bank of England's ...
This initially sounds like a return to the lending practices of the “pre-crunch years” and the now infamous Northern Rock Together mortgage. Whilst the Together 125% deal actually served some borrowers pretty well it has become synonymous with the carefree credit conditions of 2007.
However when you look closely at the ...
A number of factors have contributed to this. Firstly, it’s widely recognised that we are at or near the bottom of the interest rate cycle. Base rate could only fall by another 0.5% at most and in the May meeting of the Bank of England, base rate was held for ...
The latest credit card market analysis from uSwitch.com, the independent price comparison and switching service, reveals that almost 2 million consumers have been rejected for balance transfer deals in the last year. This represents 57% of all credit card rejections, forcing these consumers to fork out £535 million in interest ...
Lloyds TSB Monthly Saver account holders can enjoy this competitive fixed rate for twelve months on regular monthly deposits between £25 and £250. If customers find they have additional funds to save, they can increase the amount on their monthly standing order at any time during the 12 month period, ...
The NS&I sponsored Grow Your Own campaign is to showcase three gardens f r o m 10 June in Birmingham.
For the second year, three unique and visionary garden designs have been selected to be displayed at the BBC Gardners' World Live event. The designs all feature modernity, sustainability and growing fruit and ...
The winner, a gentleman from Surrey who wishes to remain anonymous, became ERNIE's 233rd Premium Bond millionaire. He said of the win: "When Agent Million knocked on my door and told me that I'd won the jackpot I thought it was a practical joke! I'm still in shock but once ...
The revised interest rates came into effect from 20 May 2009 for Income Bond customers.
Guaranteed Income Bonds are intended to provide investors with a100% secure monthly income at a competitive variable interest rate. This no risk guarantee to the investment capital is possible because National Savings and Investments is backed by ...
NS&I has announced that f r o m the April prize draw onwards one of the two monthly Premium Bond jackpot prizes of £1 million will be replaced by a wider mix of prizes in the monthly draws, allowing more people to win but still retaining the chance of ...
Following the recent spate of rate cuts, financial solutions provider Think Money raised a few points about the secured loans market.
Melanie Taylor, Head of Corporate Relations at Think Money: “In just three months, the Bank of England’s base rate dropped from 5% to just 1.5%, prompting substantial changes in the ...
