The difficulties of obtaining a mortgage

Recently the British Bankers Association has suggested that the declines in the level of lending for mortgage purposes from both banks and building societies have been due to a lack of consumer demand. This is not quite the case as very many applicants are being turned down or being offered lower amounts than requested. Although … Read more

Alert for families on variable mortgages

Alert for families on variable mortgages The Bank of England has warned that millions of households face mortgage misery in 2011 because they have become vulnerable to higher interest rates.In its twice yearly financial stability report, the Bank warns that growing numbers of homeowners are at risk because they have moved off fixed rate mortgages … Read more

Four in 10 mortgage holders have no life cover

Four in 10 mortgage holders have no life cover. A total of 43% of mortgage holders in Britain do not have their mortgage payments protected by life insurance, according to data from a major life insurer.The findings suggest that there are over 7.1 million people with a collective outstanding mortgage balance of £318bn who have … Read more

Mortgage Advice – Recent Poll

A recent survey has revealed that 90% of people planning to take out a mortgage in the next year do not completely understand the difference between the main types of mortgages that are on offer. Only 8% of respondents said they completely understood all the differences between the many variations of mortgages but 11% said … Read more

Mortgage Companies
Your home may be repossessed if you do not keep up repayments on your mortgage.