Property Mentor

269128_mortgage_statement_thumb.jpgClydesdale Bank is introducing changes to its mortgage range that will see it take an innovative approach to Interest Only mortgages, it has announced today.

14114029_thumb_stats.gifBorrowers are continuing to benefit from an increase in the number of mortgages available since The Bank of England's Funding for Lending scheme was launched in August, according to analysis from MoneySupermarket.

7th-march-2012.jpgProperty owners grow fearly of the impact future base rate rises will have to their mortgage repayments

15th-feb2012.jpgProperty owners turn to long term mortgage rates to offer themselves increased financial security until the economy recovers

13th-feb-2012.jpgThe buy to let market continues to prosper after the Council of Mortgage Lenders reveals that 84,000 buy to let mortgages were approved during 2011

10-june.jpgOne mortgage broker said that the long term fixed rate mortgages had been ‘doomed from the start’. He also said that some people with long term fixed rates could find that they are better off paying early penalty fees to get out of the deal and moving onto a variable rate.

26-may-2.jpgThere have been signs of recovery in the UK mortgage market, with an increased choice of mortgage products for those looking to purchase properties. New research has suggested that a combination of lower rates on mortgages and higher loan to values have resulted in tentative signs of recovery in the market.

26-may.jpgIt has been reported that there have been signs of recovery in the UK mortgage market, with an increased choice of mortgage products for those looking to purchase properties. New research has suggested that a combination of lower rates on mortgages and higher loan to values have resulted in tentative signs of recovery in the market.

1-april.jpgIt has been reported recently that the Council of Mortgage Lenders has entered into talks with house builders with regards to the possibility of increasing the maximum LTVs (Loan to Value) on new build properties. The news has been welcomed by many industry groups and officials, who believe that restrictions on LTVs when it comes to new build properties is holding back the new property sector because of the affordability issues that it creates.

12-may.jpgIn the past many people that were considering taking out a mortgage for their own property had to decide between taking out a repayment mortgage or an interest only mortgage. However, the financial crisis that swept across the UK and many other parts of the world resulted in huge changes to the mortgage industry, with the number of repayment mortgages being taken out soaring since 2007.

6-may.jpgThe Bank of England has announced that the base interest rate is to remain on hold at 0.5 percent following the May Monetary Policy Committee meeting. The news will not come as a surprise to most industry experts, many of whom had been expecting the rate to remain on hold following recent growth figures.

Despite the various predictions that the base interest rate may increase in April the Monetary Policy Committee and the Bank of England has decided once again to keep the base rate on hold at its lowest level ever. The base rate is at the lowest level in the history of the Bank of England, which spans more than three hundred years, standing at just 0.5 percent.

6-aprila.jpgIn the current climate getting a mortgage has become more difficult for many people. Banks are much tighter on their lending than they used to be and many people that would have easily been able to get a mortgage prior to the credit crunch may now find that they struggle to get the finance that they need.

30-march.jpgThere has been some good news recently after figures showed that the level of mortgage approvals for February increased slightly more than had been expected, as did consumer credit levels. The news provides further encouraging data to back reports that the property market is picking up momentum.

24-march.jpgGeorge Osborne, the Chancellor of the Exchequer announced today as part of his 2011 budget, what has been described as a 'shot in the arm' for the first time buyers called the Firstbuy Scheme.

17-march.jpgAccording to recent reports there are many homeowners that currently have variable rate mortgage who are debating whether or not they should now make a move to fix their mortgage rate amidst fears that the base interest rate could rise in the near future.

11-march.jpgOnce again the Bank of England and the Monetary Policy Committee have decided to keep the base interest rate static at its record low of 0.5 percent despite the increased pressure from various groups and industry bodies to increase the rate. The decision means that the base rate has been at the lowest level in the history of the Bank of England for two years now, having been slashed to just 0.5 percent when the Labour government was in power in March 2008.

7-march-2011b.jpgWhilst interest rates are still at an all time low of 0.5 percent at present, there are still many people who are struggling to make their repayments due to their financial situations. After working so hard to get onto the property ladder the last thing any homeowner wants is to fall behind on mortgage repayments month after month and find themselves on the receiving end of repossession action.

1-march.jpgRecently released data from High Street banking giant Barclay's has suggested that mortgage affordability in the UK has reached its highest level in the space of a decade.

23-feb.jpgThe high cost of property in the UK is just one of the problems that have been causing huge problems for first time buyers in the UK. Whilst property prices plummeted after the global financial crisis swept the country in 2007 there have been some increases since this time, and for many first time buyers the high price of property means that homeownership is still out of their reach.

21-feba.jpgMany people these days become confused over whether they should opt for a fixed rate mortgage rather than a variable rate one, and with so much having gone on in the property and financial markets it is little wonder that there is so much confusion for potential buyers and remortgagers to cope with.

18-feba.jpgTaking out a mortgage can be a huge step for most people and is one that has to be taken very seriously. It is vital that you can comfortably afford the repayments on your mortgage loan, as otherwise you could end up being unable to meet your repayments and ultimately losing your home.

17-feb.jpgThe Council of Mortgage Lenders has released figures relating to home repossession numbers for 2010. According to the data home repossession numbers fell by 24 percent last year, sliding to 36,300. There was also a fall in the number of people that were in arrears by at least 2.5 percent with their mortgage, which dropped by 13 percent to 169.600.

14-feba.jpgAlthough property prices have fallen since their peak back in 2007 there are still many homeowners who have a fair amount of equity tied up in their homes.

11-feb.jpgFollowing the February Monetary Policy Committee meeting the Bank of England has announced that the base interest rate is to remain on hold at 0.5 percent. This is the 22nd month that the base rate will be at this rock bottom rate, which is the lowest that it has ever been in the history of the Bank of England, which spans over three centuries.

8-feb.jpgFor nearly two years the base interest rate in the UK has stood at an all time low of just 0.5 percent, which is lowest level in the history of the Bank of England. The base rate was slashed over a short period of time under the former Labour government to try and kick start the economy and reduce repossession numbers.

24-jan-2011.jpgData published by the Chartered Institute of Housing shows that last year around 100,000 first-time buyers who weren’t helped financially by their families, couldn’t actual purchase their first home, due to the record low number of low deposit mortgages.

The Government’s planned changes to social housing will mean strong levels of tenant demand will continue into 2011, which in turn will fuel the growth of buy to let lending.

49299625_928f32053c_m.jpgNewhomesforsales.co.uk claim that it is not the current mortgage lending conditions that are stopping people buying new properties.

cml.gifFind out what The Council of Mortgage Lenders annual predictions for mortgage and housing market are for 2011.

1032129885_109f043ef8.jpgIf you are a first-time buyer in the UK property market, you are not the only one struggling to keep up with the massive interest rates for property bargains.

In an effort to get the best of both worlds, homeowners are fixing part of their mortgages and leaving the rest on a variable rate. This allows them to benefit from interest rates of as little as 2.5 per cent.

story-107.jpgBuy to let lending shows increasing signs of recovery as it grows for the 3rd consecutive quarter in a row

story-102.jpgFollowing unexpected growths in the economy, property advisors fear this could trigger interest rate increases which millions of property owners cannot afford

story-78.jpgLenders return to the buy to let market with enticing new loans and mortgage deals

story-73.jpgLeading lenders launch a range of new buy to let deals to help property investors

story-62.jpgLeading lender Halifax reveals mortgages are now twice as affordable than they were 2007

story-55.jpgLeading lenders report a 31 percent increase in mortgage applications following increased confidence in the property market

story-44.jpgProperty advisors question whether mix and match mortgage deals can help property owners to get onto the property ladder during uncertain times

story-40.jpgProperty advisors reveal mortgage lending has risen by 15 percent since May

story-34.jpgRevealed: Over 75 percent of property owners have got no idea of the impact a 1 percent increase on their mortgage rates would have on their finance

In an attempt to make lenders lend responsibly, the FSA reveal plans to swap fast track loans and self certification for new affordability testing

Leading lenders launch collection of 7 year fixed rate mortgage deals to offer property owners increased long term security

story-10.jpgThe FSA have banned and fined 3 mortgage brokers after discovering their involvement in mortgage fraud

Leading lenders launch a new collection of new 95 percent LTVs to entice first time buyers back onto the property market

Revealed: 7 of the top buy to let mortgages on the market

Lenders offer new range of 80 percent LTV buy to let mortgages with the goal of enticing increased investment amongst property investors

More than 25 percent of pensioners are still paying off their mortgage according to a report by Key Retirement Solutions

Northern Rock bounces back with their collection of competitive buy to let deals

Property advisors reveal the small print hidden away within mortgage documents

Property website easyroommate.co.uk call upon mortgage lenders to introduce a new Flatmate Mortgage that will enable first time buyers to access an extra 11k on their mortgage

Property website Santander Mortgages reveals that over 1 million couples across the UK are squandering 5 billion pounds a year by not co-inhabiting

Leading mortgage lender The Mortgage Works reveals plans to launch a variety of low interest rate buy to let deals

Banks reveal plans to offer increased mortgage deals in the next 3 months for first time buyers

The government invest a further 180 million pounds into Post Offices after revealing their plans to launch a new Peoples Bank dedicated to helping property owners on low incomes

Following the Budget Report Lloyd's reveals their plans to lend over 65bn pounds during 2010, 23bn of which will support new mortgage lending

The NLA urges mortgage lenders to remain vigilant against mortgage fraudsters as the economy enters into an upturn

Three leading lenders announce their plans to soften their buy to let deposit sizes to entice property investors back onto the property market

The Bank of England may have kept the Base Rate at 0.5 percent but taxpayer-funded banks are still failing to offer competitive mortgage deals to property owners

More than 50 percent of UK property investors do not know the size of their properties interest rate deals according to research by top mortgage advisors

The NHIC propose imposing mortgage restrictions on property investors unless they improve the energy efficiency of their properties by 50 percent

Leading lender Santander's reveals plans to increase the maximum loan sizes on their mortgages for first time buyers

The number of mortgages available breaks through the 2000 barrier for the first time in 2 years

62 percent of homeowners reveal that they want to be mortgage free by 50 years old

Mortgages for Business launch new buy to let mortgage which enables property investors to receive loans based on a properties predicted renovation price

The Bank of England report record low mortgages rates of just 3.63 percent

Low LTV deals bounce back after lenders choose to lower interest rates and increase their 85% and 95% LTV product range

Available mortgage deals rise month on month for the third month in a row to 2,500

Housing charity Shelter reveal that 6 percent of UK homeowners are using their credit cards to cover their mortgage payments and rental costs

Government clamps down on rogue lenders who have been using a legal loophole to repossess properties without going to court

Top 5 buy to let deals being offered by lenders from Property Mentor news

Building Societies provide 40 percent of the best mortgage deals

The Royal Bank of Scotland cut credit limits for customers using their flexible mortgage deals

Property experts AMI urge the government to bring back mortgage competition to help boost the property market

Property Mentor Finance successfully manage to negotiate an exclusive range of buy-to-let mortgages for their property course attendees

Unchanging mortgage rates and base rates create property investment barrier

Woolwich and HSBC launch 2 of the lowest variable rates ever recorded

British Bankers' Association report 81 percent increases in mortgage approvals compared to this time last year

Lloyds Banking Group announce plans to restrict buy-to-let mortgage deals to 9 properties per investor

Banks increase 5 year mortgage deals to 5.72% despite the cost of borrowing for banks falling to 0.45%

Mortgage fraud set to top 1 billion pounds by the end of the recession

5 property bosses from NHL have been banned from dealing with mortgages after submitting false mortgage applications

The Bank of China launch a series of competitive mortgage deals to attract UK property owners

For the 4th consecutive month the Bank of England have kept interest rates at 0.5%, as the MPC strive to stabilise the economy

Nationwide launch new 125% mortgage scheme to their existing customers to help them overcome negative equity and move home

Government strategy to split Northern Rock in two to improve lending

Fixed Rate Mortgages are becoming even more expensive.

Choosing to bank solely online could offer you higher interest rates according to the Independent

Mortgage lenders are reported to have begun relaxing requirements.

First time buyers looking to invest in Dundee could now have the support of Dundee City Council

Nationwide have confirned as the new owners of Dunfermline Building Society

Tesco plan to open 30 new banks within their stores

Mortgage approvals rose for the third month running.

Barclays are said to be in talks with the Treasury over potentially taking part in their Asset Protection Scheme

A flagship scheme designed to encourage banks to lend to smaller business is said to be on course.

Taxpayers are taking an increasing controlling share of Lloyds TSB

The Bank of England has lowered interest rates again to an all time low of 0.5 percent.

Nationalised bank Northern Rock is set to begin offering new mortgages according to the Government.

The Government are putting more time and money into encouraging banks into lending again with even more cheques being changed for assets.

The Bank of England have announced the latest decision on interest rates.

The number of mortgages that have been approved by lenders is finally on the increase with 31000 successful between November and December 2008

The Woolwich have launch their lowest fixed rate mortgage ever, the mortgage plan has a year at 2.29% followed by a tracker at the same rate above current interest rate.

According to the Independent, RBS are set to be the first bank to try the Government's new bailout scheme

The government is planning to launch a second scheme to help banks increase their investing loans.

Small to medium sized businesses could soon be experiencing a boost to their finances.

The RBS promise not to repossess properties as homeowners falling behind with their mortgages increases.

Lenders are relaunching new tracker deals at 4.99% in wake of the BoE latest rate cut.

Following the Bank of Englands 1.5% interest rate cut last week, leading British lenders are starting to follow suit.

The Bank of England has just made its biggest cut since 1955 bringing down the contries intrest rates to just 3 percent.

For the first time this year the number of mortgages that have been approved has risen.

In a bid to prove to investors that there is still a buy to let market Property Mentor lends a helping hand

According to BBC News, Allistair Darling plans to take big steps in order to help UK banking.

Following reports on BBC News that Germany is offering 100% guarantees on their bank deposits the UK is beginning to feel the pressure.

10-june.jpgOne mortgage broker said that the long term fixed rate mortgages had been ‘doomed from the start’. He also said that some people with long term fixed rates could find that they are better off paying early penalty fees to get out of the deal and moving onto a variable rate.