Date:19 December 2007 I Comments: 3 I Views:13,661

*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, I am now able to legally provide mortgage advice and sell mortgages to anyone in need. Contact (Good timing considering the current state of public confidence in the housing market!) Secondly, I joined up with a local team of advisers with

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Date:5 September 2007 I Comments: 2 I Views:8,109

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 mortgages in a couple of months! In the meantime if anyone needs any help or advice I do know a very good company who are FSA registered with many years experience and access to literally 1000’s of mortgage products (Flexible Money Management Ltd).

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Date:29 June 2007 I Comments: 0 I Views:6,020

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 years. I can’t imagine rates will drop over the next two years so I will have to shop around in a couple of years for the best rate but in the meantime I stand to save by comparison to the tracker mortgage I

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Date:20 March 2007 I Comments: 0 I Views:5,878

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 fee will be added to the total loan amount. This means the fee will also be subject to interest over the term of the mortgage. £5,000 is one of the highest examples of rising mortgage fees but fees of around £2,500 are becoming common.

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Date:1 March 2007 I Comments: 0 I Views:2,314

Good news for homeowners! Mortgage companies are being forced to reduce exit fees paid by consumers when they switch mortgage providers or change to a different mortgage product. ‘Last month, the FSA gave mortgage firms until the end of February to reduce exit fees, charge nothing or justify any hikes they had made since the original policyholder’s contract. ‘ What this means for many mortgage customers is the ORIGINAL fee stated when the mortgage was first taken out STILL STANDS. Any increases that have been experienced over the term are to be reduced back to the original amount. Also, customers that have recently switched mortgages may

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