More news today as mortgage lenders continue to lower rates. Abbey this time announcing a reduction of 0.1% on certain Tracker products and Halifax announcing this week a reduction of up t 0.38% on one of their 2 year fixed offers. (Oh, and not in the news yet, Nationwide are going to follow suit on […]

A mortgage is a debt. There is no disputing the fact but it is a debt many people look at differently to credit cards, car loans and unsecured loans.
The reason for this is because of the size and timescale. 25 years is a long time to be paying off the debt and because of the size […]

More movement in the mortgage market sees more rates rise and some disappear (for the time being).
Newcastle Building Society has increased all fixed rate products by 0.3%
For each £100,000 borrowed that equates to an extra £25 per month in interest charged.
Lloyds TSB has increased all Buy-to-Let fixed rate mortgages by 0.3% increasing the amount of […]

Imagine deciding to pursue a career in the mortgage industry…. A few months of studying, revision and exams followed by several weeks of ‘feet-finding’ and ‘on the job’ learning.
Only to end up in an industry bearing the brunt of the now infamous ‘credit crunch’.
Why do these thing always happen to me!
OK, I know, there are lots […]

Here’s an interesting tool I found while trying to find out which mortgage product reduced the overall debt by the most over a certain period.
Mortgage Balance Calculator
This calculator produces amortization tables for the mortgage which show the remaining balance at the end of each year.
The rate you input is used for the entire term but if […]

Squatters rights in the UK allow someone to apply for possessory title after 10 years and provided the registered owner does not object in the following 2 years the squatter effectively becomes the owner.
But what happens if a mortgage lender ‘delays’ repossession proceedings for 15 years?
Well, a High Court ruling has recently allowed Mr Djabar Babai of […]

*Click here to have a mortgage adviser compare the whole of the market for you*
 
Before getting to the Ferrari bit of this post, as I haven’t posted for a while, there’s a bit of catching up required.
Firstly, I can now put letters after my name! CeMAP (Certificate in Mortgage Advice & Practice).
Having completed the three required exams, […]

Well, I passed Module 1 of 3 on Monday and begin a course to cover parts 2 & 3 on the 29th.
I attended a course for module 1 at the University of Westminster run by New Leaf Training (www.newleaftraining.com) who are also running the second phase.
All being well I should be qualified to advise on […]

From Yahoo Financial News interest rates are set to rise by 25pct to 5.75 on Thursday.
They are expected to reach 6.00% by the end of 2007.
..it’s just as well I switched my mortgage from a variable rate tracker to a 2 year fixed rate product. My mortgage will now stay at 5.44% for the next 2 […]

In the last two years the average fee for arranging a mortgage has risen by 83% from £334 to £611 with some fees potentially over £5,000.
These fees can be paid at the start of the agreement but many people are unlikely to have an additional £5000 at the time of arranging a mortgage so the […]