Tag Archive: UK

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Are new tracker mortgages good or bad

November 8th, 2014 / Tags: , / categories: Mortgages /

Over the last few months and again today I’ve seen new tracker mortgages being pushed by lenders here in the UK and it got me thinking about the current mortgage market and if these products are a good or bad thing if I had to remortgage right now?

I’ll use an example of a 2 year base rate tracker mortgage, this is an actual mortgage on offer in the UK but I won’t say which lender it is. The interest rate tracks the Bank of England base rate (at the moment this is 5 per cent) and you pay +0.98 per cent on top. So if you took out this mortgage today you’d be paying 5.98 per cent interest.

CUstomers can borrow up to 75 per cent of the value of their property and there is a 999 arrangement fee, which is fairly cheap in comparison with other fees around.

Firstly I must say it’s good to see a fairly competitive interest rate with the added benefit of a reasonable product arrangement fee. I say ‘reasonable’; personally I think mortgage fees are a rip off becuase the lender is providing mortgages to people every day, at the very least I think there should be a cap on mortgage fees. However, in today’s market a fee under 1,000 is a good start.

It’s also quite a warning sign for me that all the tracker mortgages seem to have competitive interest rates and low fees at the moment, compared to fixed rate mortgages. I say this because industry experts are predicting interest rate rises in the coming months, on-one knows when exactly of course but I’d say interest rates will rise again before the end of 2008.

This means that everyone taking out a tracker mortgage now will end up with higher monthly payments by the end of the year. It seems like lenders may be trying to attract new customers with the low fees and relatively low interest rates of a tracker mortgage rather than a fixed rate mortgage. No wonder the fees and interest rates of fixed rate mortgages are increasing – lenders don’t want people to take out these products so they’re pricing consumers out.

One thing is for sure though, everyone has a choice when it comes to mortgages.

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It is not surprising to note a growing preference of solid oak furniture by consumers across the globe. Solid oak is an exceptional wood that is highly popular for all types of furniture that can be found in any home or office.

Varieties of furniture

Solid oak is a hardy material with great properties for beautiful furniture. It is one of the exquisite materials that are often used in producing exceptional furniture pieces. Solid oak wood furniture for the home or office is designed and built to last as it is a very enduring piece of wood.

High quality solid oak can be designed into exquisite furniture pieces by hand or high tech machineries to produce exceptional furniture such as tables, chairs, beds, drawers, closets, sofa base, sideboards and bedside stands as well as mirror frames, counter tops and doors.

The market has a plethora of high quality furniture manufacturers, suppliers and importers who specialize in producing the best of solid oak furniture with a comprehensive range to fit any home or office. Solid wood furniture may cost more than other types of furniture as they are more lasting and exquisite in design to offer a more luxurious atmosphere.

Affordable purchases

Discerning consumers would seek out the best of solid oak furniture to furnish their homes and offices even though the prices may be higher than other types of furniture in the market. But with the long lasting properties of solid oak and its elegance in any piece of furniture, it is a worthwhile buy for most consumers who appreciate beauty with elegance and durability.

Quality solid oak furniture is easy to maintain as good oak exudes its own oil to keep the wood in great condition at all times to maintain the exquisiteness of the material. Hence, there is little maintenance required for any good quality solid oak furniture. A simple wiping and dusting of the furniture pieces with a clean damp cloth suffices to keep the furniture piece in excellent condition for a long time.

Good solid oak tables and chairs can be purchased easily from a plethora of established furniture stores in the neighborhood or on the Internet. Online solid oak home or office furniture can be relatively cheaper than offsite pieces with great delivery services. However, offsite sales can be enjoyed at various seasons with great savings from various furniture retailers and suppliers who want to clear the previous season’s stock for new season arrivals.

Oak Furniture by Natural World into a leading retailer of Oak dining tables . If you are looking for 8 seat dining sets uk then visit us and find the vast range of variety according to your requirement.

The independent mortgage broker industry in Australia is still young and should prosper again after the credit crunch. The profession still isnt accredited under a government program but it will be soon. Once the regulation is brought in similar regulation to the UK the industry will once again experience good times.

Mortgage Brokers in the USA

The USA has clearly bee hit hardest by the Global Financial Crisis. Entire communities have abandoned their houses in areas that were once mortgaged to the eyeballs. Rather than going through the stress of repossession, home owners who could no longer afford their monthly mortgage payments simply walked away from their properties, leaving them empty. Lenders would then be forced to repossess the derelict houses.

When entire neighbourhoods abandoned their homes the entire areas became worthless. This has left modern day ghost towns where thriving communities once stood. It is an event that has never happened before and can be squarely blamed on the credit crunch.

Before the credit crunch, mortgage brokers in the US were raking it in. Brokers were closing millions of home loans each year and enjoyed a large portion of the total number of loans approved nationwide. Surprisingly, given the magnitude of the intermediary industry and the importance of mortgage products to home owners, there was little regulation of the broking profession. Any regulation that did exist only covered certain areas as the regulatory model was state driven rather than federal.

It seemed as though the profession didnt need regulating, however, as the property market was booming. There is little point fixing something that isnt broken, so nobody did. What is apparent now with the benefit of hindsight is that the industry was actually broken and did need fixing.

Since the onset of the credit crunch many brokers in the US have been removed from the industry or put in jail. Massive frauds have been uncovered in the wake of the first wave of the credit crunch and it appears that some individual brokers have defrauded lenders and investors out of millions of dollars.

In addition to these headline-grabbing problems many brokers also face a new reality in which there are fewer products to sell to clients and therefore fewer deals being closed. This has led to many more brokers going out of business as their incomes dried up.

Those who have remained in the profession are struggling along, closing enough sales to stay afloat, and awaiting a time when the credit market will flow freely once again. But the average mortgage broker who has remained in business is not making anywhere near as much money as they made in boom times.

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Interest Only Mortgages under Attack

July 30th, 2014 / Tags: , , / categories: Mortgages /

With home affordability at an all time low, the number of UK mortgages that are borrowed on an interest only basis has risen steadily over the past few years.

This is because interest only mortgages are cheaper to maintain in the short-term as the monthly repayments are smaller. With mortgage expenses accounting for more than a third of the average UK household budget, any opportunity to reduce the cost is welcome.

However, the downside to an interest only mortgage is that the capital portion of the loan is not being reduced during its term. This means that the borrower must repay the loan balance when the term is complete.

While this may seem harmless, many borrowers who opt for interest only mortgages have not been saving enough money to pay off the balance. The industry regulator, the FSA, has become concerned that up to a third of all borrowers who have an interest only mortgage are not saving for the impending repayment of the loan balance.

The FSA has become concerned enough to bring in new regulations that are designed to force lenders to only issue such mortgages where there is proof that the borrower is operating a repayment vehicle for the capital value of the loan.

They will primarily be looking for situations in which the borrower is operating a personal equity plan (PEP) or an Individual Savings Account (ISA) specifically to account for eventual repayment of the loan balance.

However, borrowers must be aware that simply claiming they will establish such a facility will not be proof enough. They will need to provide evidence to the lender that these financial arrangements are in position before the loan can be approved.

Whether or not the new rules have an impact on the overall number of borrowers who opt for an interest only mortgage remains to be seen.

Visit UK Mortgage Source for up-to-date information on UK Mortgages

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Many of us use our gardens as a space to play around with our various hobbies. These hobbies are notorious for being dropped, temporarily left to the elements. Waste and clutter can become a big problem. It’s the kind of problem that, if neglected, just seems to compound on itself until you get to the point that it’s overbearing. One of the most restricting clutter issues you can have at home, is yard clutter. Many people will abandon rusty bikes, bags of roughage and leaves, motors and a host of other bits and pieces to the wind and rain. Of course, the primary issue you’d think is the fact that the rubbish is there. But, when you consider how dangerous it can be to yourself or children playing in the garden, the waste begins to look less like an inconvenience and more like a problem.

Outdoor waste can pose a serious risk to animals and people alike. Every year across the UK and in London, abandoned waste in gardens accounts for hundreds of thousands of pet injuries. Dogs and cats cut themselves on the rusted gears of that old bike lying beside the garage, or choke on plastic from the bin liners filled with branches and leaves. There have even been incidents of animals injuring themselves after tearing open bin liners, cutting themselves on tins and plastics. If this neglected waste poses a risk to the animals, even more so can it injure people. Getting cut on a jagged piece of rusting metal in the garden can not just cause a deep and serious wound, but transfer bacteria and infection.

That said, many of us are far too busy to even think about getting rid of waste. Whether in the garage, in the garden or in the house. Our busy lifestyles get in the way. Maybe it’s an old car you need removed and scrapped, or your overgrown back yard is full of bottles and other dangerous items. The thought of tackling these problems can be difficult. The good news is that whether you are looking a house clearance in London, or a garage clearance elsewhere, there are thousands of companies that can help you. These companies tend to deal in other areas to, like Clearance Team deals in probate in London. These companies do the full works, legally and safely, at affordably reasonable prices.

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Mortgage is a way of securing a debt through the use of your own property as a guarantee to the lender. If For some reason you cannot pay your debt in time chances are you’ll lose the property. The term mortgage itself refers to the debt and also to the authorized gadget used when securing the property.

In the nations the place properties are highly demanded and the costs are quite elevated, there are strong mortgage and mortgage markets. The UK mortgage market is known for that reason, it is one of the greatest on the earth, and the competitors is very high. The primary distinction between the UK mortgage market and the ones in other international locations is that within the UK the state shouldn’t be interfering with it and all of the loans are funded by banks or credit score unions. Additionally one can discover loads of forms of loans in the UK mortgage market.

The UK mortgages are of different interest rates. These charges might be:
-mounted charges – they remain constant for all the interval of the mortgage, often up to 5 years as a result of loans with mounted rates that final greater than 5 years aren’t that popular.
-variable charges – the interest rate of the UK mortgage varies in time, depending on the settlement between the lender and the shopper
-low cost charges – variable charges that benefit of a reduction for a period
-capped charges – a mixture between variable rates and glued rates – the rate of interest might differ however can not raise over a sure fixed limit
Moreover, these UK mortgage charges may be combined, depending on what the lender and borrower agree on.

Lenders in the UK are often additionally asking for a valuation charge, required to pay an observer that must visit the property and evaluate it to be able to be sure that it may well cowl the UK mortgage amount.

Sometimes after taking a remortgage mortgage it’s possible you’ll want to switch the mortgage to another lender that asks for lower interest rates, as a way to avoid wasting money. That is referred to as remortgaging. The UK remortgage market is also very innovative and aggressive, almost half of the mortgage applications are the truth is for remortgages.

An advice on UK remortgage is to only remortgage your loan if its rate of interest drops below 2% beneath your present curiosity rate. But the rate of interest isn’t the one thing that must be taken into account when enthusiastic about an UK remortgage. Also contemplate the amount of time that you just plan to stay in your house – it must be sufficient to cowl the costs of the mortgage.

Property dealing is a major business in Glasgow and there are a lot of estate agents Glasgow engaged in property dealing in Glasgow.

Slater Hogg Estate agents are the biggest property dealers in Glasgow. No matter what kind of property solution is needed by you, there is a perfect solution for you if you go to Slater Hogg Estate agents. They are the biggest estate agents nationwide and considered to be the biggest property dealers.

When it comes to selling of any major or minor property anywhere nationwide, then there is a solution for you with the real estate agent. The real estate agents Glasgow also provide you with a solution if you are looking to put your property into mortgage. They scour the whole property market to find the best deal for their clients. Not only selling and mortgage of properties, they are also specialized at auctions. Buying a property in an auction may save a lot of money and a good deal can be provided to the client. Conveyancing is another major function of the Estate agents Glasgow. The highly experienced and seasoned surveyors can help potential purchase or sale of the properties of the client. The experienced surveyors are also helpful in determining of the right valuation of a property in an auction.

The experienced surveyors at the estate agent office also prepare Home Reports. Home reports are survey questionnaires which are to be filled up generally for a successful and decent deal while buying or an auction of a property.

Not only while selling or buying of a property, an estate agent also helps a client to rent a property may it be for domestic or for commercial purposes. Throughout UK, they have a large network of flats, apartments and individual houses for rent. So, if you are looking for a rented house for a short period of time or for long period, all options are available with the estate agent surveyors. Not only are these, the estate agents also providing holiday homes throughout UK. And the best part is that the holiday homes are available in all nooks and corners of the country and suiting every budget.

Apart from the above functions, there are a number of researches and market intelligence gathered by the Estate agents Glasgow. They have such a grip of the property market throughout UK that they have a fair idea of the valuation of the property whether it is a domestic one or a commercial one. The estate agents go an extra mile to serve their clients and provide them value addition. When a client’s property is to be put in sale, they don’t leave it to fate. Instead, they do proper marketing like advertising in newspapers and websites.

Steve Mich is the author of this article and writes about Law news and other matters. For further details about immigration lawyers please visit the .

Estate agents and property developers have sold, leased or rented properties to customers in the same traditional method for quite some time. Small photographs in the property section of newspapers and specialist magazines, 2 or 3 photographs on a company website and feature displays in their office windows.
However in the USA, Canada and Asia real estate sellers have embraced the power of video to advertise commercial and residential property to a global audience. With 80% or buyers starting their search for property online using the internet, it’s a logical step to take.
Property videos can be viewed by potential customers where ever they are in the world, 24/7 365 days a year. Instead of the usual 2 or 3 photographs, a slideshow video can incorporate 20 to 30 photos and those with a bigger budget can have their property professionally filmed. A property filmed from the customer’s point of view (POV) allows the buyer from the comfort of their home or office to have a virtual tour of the property and surrounding area as if they were there.
Titles and banners can incorporate more information about the property, music, voice-over or narration and even presenters can add that extra professional touch to engage the buyer to sell them their perfect property.
Property videos are the essential first viewing. They save the estate agent, property developer and buyer time and money from wasted viewings.
Property Videos can be embedded onto the estate agents website or uploaded on to popular video hosting websites such as Youtube and many more. The URL links can also be emailed to clients to view at their leisure.
So imagine a buyer is in New York, Dubai or Hong Kong. They can view a number of property videos from their desktop or mobile phone before they fly to London knowing that what they’ve seen online has given them a fuller picture of their investment and are ready to buy their new home in the UK’s capital.

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All about Flexible Mortgages

May 10th, 2014 / Tags: , / categories: Mortgages /

Flexible mortgages were first introduced into the UK to cater for individuals with flexible working patterns. Flexible mortgages are a recent addition to the mortgage market in the UK, although they have been popular overseas for several years.

The initial target market for flexible mortgages were people who have irregular working patters such as the self-employed, and people who receive irregular payments such as bonuses and commissions.

Typical features of flexible mortgages include, overpayments, underpayments, drawdown of overpayments made, additional borrowing facilities, and no (or low) redemption penalties.

In addition to the features that allow for flexibility with payments, the interest on flexible mortgages is calculated on a daily basis. This can result in massive savings to the borrower and can significantly reduce the term of the loan.

For this reason flexible mortgages have become popular with people in all types of employment who are looking to pay off their home sooner. While the initial target market of flexible mortgages may have been the self-employed, people from all walks of life are now reaping the benefits from this new type of mortgage product.

Interest rates are generally higher on flexible mortgages than for traditional mortgage products to counter the increased risk of the borrower not repaying the full balance of the loan by the end of the term. The flexibility of flexible mortgages allows for this to happen.

Some flexible mortgages can also be linked with current accounts, chequebook facilities, debit and credit cards, unsecured loans, and offset accounts.

One popular type of flexible mortgage is the offset mortgage. An offset mortgage will offset any positive balance of funds in a bank account held with the same lender, in order to reduce the amount of interest payable.

Another type of flexible mortgage that has become popular in recent years is the current account mortgage. Flexible mortgages of this type combine the mortgage with a current account and credit card facility in order to streamline the borrower’s banking facilities. Flexible mortgages of this type are sometimes referred to as a -line of credit-.

Flexible mortgages of all types have been gaining popularity in recent years and should continue to do so as lenders find new ways of satisfying a widening array of customers’ needs.

If you are interesting in flexible mortgages, contact an independent mortgage adviser to receive unbiased, expert advice.

Visit UK Mortgage Source to search for an independent mortgage broker who can provide expert Mortgage Advice on the entire UK mortgage market

month payday loans provide immediate cash to the UK people. These mortgages are provided when need the most. One can fulfill their urgent needs easily without any hurdles and hassles by applying them. Many times unexpected expenses come and make the budget unbalanced.

The amount that one can avail from these mortgages ranges from 100 to 1500 with the repayment term of 14 to 31 days on the basis of income and repayment. These are short term mortgages and fulfill the emergency needs of the individual. Because of their unsecured nature one can get the cash but without pledging the collateral. This makes the mortgage risk free for the borrower. Before availing this amount one has to fulfill some eligibility criteria:

Applicant must attain the age of 18 years or above;

Applicant must be a domiciled of UK;

Applicant must possess a valid bank account in UK;

Applicant is doing a regular job and earning a 1000 per month.

Bad credit holders can also avail the 6 months payday loans. Due to arrears, defaults, bankruptcy, late payments, insolvency, missed payments, CCJs, IVA, foreclosures, etc. a person can form a bad credit score. Applying through online mode is the best way to get the cash without any formalities. Formalities like faxing of the documents, lengthy paper work. Rate of interest here is a bit high due to the lack of security. Repayment term is also flexible. So there is no reason that why a person would not take the finance after knowing its numeral features.

6 months payday loans can also be availed by online mode which is fast and convenient. This service is hassle free and less time consuming. Borrower can get the fast cash within 24 hours of application by providing some basic details on the online application form. Lender will directly credit the amount into the borrower’s account. By applying for these mortgages one can get the cash without any delay.

Janice Henderson is working for Payday Loan in the UK as an expert advisor. She writes articles on Payday loans which provides useful information ot the consumers. To find 6 months payday loans, unsecured loans, unsecured personal loans, instant unsecured loans, cheap unsecured loans for more please visit-