Archive for the 'mortgagearrears' Category

Charity Slams Sub-prime Mortgage Market

A leading charity has criticized lenders who supply secured loans to people with low credit ratings.A Citizens Advice Bureaux report said irresponsible lending decisions and aggressive arrears management by sub-prime lenders were driving the current increase in mortgage arrears, court action and repossessions.David Harker, chief executive of Citizens Advice, said: “Our research suggests that many [...]

When You Need to Apply for Commercial Mortgage

If you decide to buy property for your business, you will probably need a commercial mortgage. Before you take one out, it is essential that you consider the maximum monthly mortgage repayment your business can afford. You should also take into account the potential growth of your business, as relocating too often can be costly.A [...]

Getting Mortgage Advice

This will be probably, the biggest financial commitment you will make so helpful guidance is essential. It is important not to over stretch yourself and plan that your future borrowing can be met and suits your needs.Subject to satisfying the individual lenders criteria a lender may offer to lend money to purchase a property in [...]

Get Upfront About Mortgage Arrears

A UK resident with a mortgage arrears problem can get a lot of helpful advice from sites and organizations. If you cannot meet your mortgage payments, if you are in arrears or about to become so, dont play the ostrich head in the sand game.It is crucial that you immediately contact your lending institution and [...]

Care Needed With Mortgage Rescue Firms

Home owners who are struggling to keep up with their mortgage repayments are being hounded by so-called “mortgage rescue firms” who promise to save potential evictees from home repossession.The cost of borrowing has increased considerably over the past year due to rising interest rates. Previously low mortgage repayments have increased significantly for some home owners, [...]

How a Mortgage Broker Can Help you

A home loan is probably the largest debt that an individual or a couple have in their lifetime. Small differences in the details of the loan, such as the interest rate, can make a big difference to the cost over a long period.Buying a home in London can be a very expensive business. Many workers [...]

Redundancy Protection For Mortgage, Loans and Income

If you have loan repayments, a mortgage to keep up with and of course general outgoings each month to keep your home running then you need to consider insuring against unemployment with redundancy protection. Policies can be taken based on your circumstances if you are in full time work so that if and when you [...]

Re-mortgaging the Answer to Debt Problems?

We live in a world where credit cards, overdrafts and loans make spending effortless. Online shopping brings the high street into your home and every newspaper you read offers bigger and better deals on consumer items. In this situation, it is very easy to overspend and managing your personal finance can quickly become a nightmare [...]

The UK Mortgage Market (may 2008)

The UK Mortgage Market (May 2008) In recent months, much has occurred in the mortgage market and with such a lot of press/media coverage, this summary may be helpful to people who wish to understand and ‘take stock’ of the current situation. What is happening? The UK Mortgage Market is presently operating in a manner that it is [...]

Adverse Bad Credit Loan Mortgage

Contrary to popular belief, there is no such thing as a “credit blacklist”. If you have a particularly bad credit score you might find yourself being rejected for a mortgage from a high street bank, however, each lender has their own methodology, procedures and lending criteria meaning one might turn you down, while another ones, [...]