As we all know, banks and mortgage lenders recently lost quite a bit of money. There’s a lot of smoke and mirrors being used at the moment to suggest they are posting healthy profits but it’s only because they are robbing Peter to pay Paul. For many years mortgage intermediaries and brokers have been helping consumers find the best deals on the market. Naturally there have been those who exploit the system but any self respecting adviser should always have the clients best interests at heart. Trawling through the thousands of mortgage offers available, often having access to exclusive products

What Nationwide’s 125% home loan means for the property market http://www.moneyweek.com/investments/property/what-nationwides-125-percent-home-loan-means-for-the-property-market-14951.aspx

With recent sentiment suggesting house prices will continue to fall quite substantially and conflicting data from major building societies it’s difficult to be certain where house prices will go over the next few years. I am however fairly sure there will be further decline but the extent of which is in doubt. When comparing the current housing crash to the past and taking into account affordability levels the extrapolation suggests they could fall by as much as 30% – 50% before they really hit the bottom but mortgage lenders seem to be sticking their necks out with offers that suggest they are