The Housing Market is a Bubble, it’s just the size that varies with time!
Posts Tagged ‘mortgage’
Affordability: the first time buyer
Monday, February 15th, 2010FSA cracks down on mortgage arrears fees
Tuesday, January 26th, 2010The property market and house prices 2010
Monday, December 28th, 2009
Property ready for another dip in value
Monday, December 21st, 2009Residential property related insurance (part 2)
Monday, December 14th, 2009In part 1 (link below) I gave an overview of the types of brokers that are available for you to consult with about your residential property insurance needs as well as a general breakdown of insurance into Life and General Insurance products. …read more
Thatcher, Thatcher house snatcher
Monday, December 7th, 2009
Did Thatcher encourage us all to buy houses and then inadvertently rig the game so that we would have to sell them again? I ask this question because her home-owning revolution was launched at the same time as her service industry revolution. …read more
Mortgage fraud is still with us
Sunday, November 15th, 2009An investigation by the Observer newspaper has uncovered that documents to gain fraudulent access to mortgage loans can be purchased over the Internet. It took scant minutes and a mere £35 for the reporter to attain the required paperwork. Just as the FSA is asking (demanding) lenders start relying more on such paperwork, a huge number of websites have sprung up offering high quality documents that can be used to commit mortgage fraud. These documents even go to the extent of supplying tax calculations to tie in tax paid with notional salary received. …read more
2% house price rise since last year
Friday, October 30th, 2009Nationwide saw another rise in house prices, making it the fourth month in a row. This actually eqautes to the first year on year increase in prices for 19 months. Prices on average are now 2% higher than they were this time last year. They are though very cautious about the future saying there will probably be some moderation over the coming months. But a four month upward trend is usually a good indicator of a more stable market. …read more
Mortgages – Interest Only or Repayment?
Thursday, October 22nd, 2009Interest Only or Repayment?
I thought I’d continue the mortgage theme started by Dolphin. A lot of this will be old hat to most of our readers, but it may be of interest to some.
At the moment anyone thinking of buying a house may still find that they need a large mortgage. So they want to get one that keeps their monthly payments as low as possible. There are several ways of doing this, but some are riskier than others. …read more
Choosing a mortgage adviser
Thursday, October 22nd, 2009Author: Dolphin
Although there’s been a housing crash there are some people still looking to buy a place as well as those looking to re-mortgage.
I am not going to go into the pros and cons of whether to or not. I am going to try and help people find an appropriate sort of adviser to help them.
A lot of you will just do it all yourselves, probably using the internet. This is great if you know exactly what you’re doing. If not, getting help is no bad thing, as long as you get someone reliable. …read more
A Case study in Buy-To-Let
Thursday, October 22nd, 2009Author: Dolphin
I had a long conversation with a BTL landlord I am acquainted with. Although I only know him a little he was remarkably candid.
He owns about a dozen houses around the country. Most are homes of multiple occupancy (HMO), but a couple are let to families.
He got into the game just 3 years ago and managed to buy his first house on a brand new estate with no money of his own, just a builder’s deposit. Just the day before this he had been on a BTL training course. …read more
So who would a bank lend money to?
Thursday, October 22nd, 2009With all the confusion and the conflict between government and Bank of England, who exactly should a bank lend money to? …read more
