.: Remortgages Top Related Articles
1). Things to keep in mind while buying a home!
Buying a home is really exciting. But before buying there are certain things you must look for and here are they to help you out.
Whenever you are looking to buy a house get a pre-approval document. A pre approval document is needed by the real estate agent to show that you are ready and serious about buying a house. It will add on to the advantages and will empower you to negotiate a better offer to buy the home of your dream.
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2). Millions Rely On Fictional Mortgage Benefit
Around 3.85 million home owners believe that a non existent state benefit will enable them to keep up with mortgage repayments in the event of losing their income.
Almost one in ten home owners wrongly believe that the government will pay their mortgage if they are unable to do so for reasons such as redundancy or illness, according to new research.
Article tags: tml, mortgages, mortgage, remortgage, remortgages
3). Extension of Short Leases on Central London Properties
Copyright 2006 Nigel Osgood
Facts
• The shorter the remaining term of the lease, the more difficult it will be to sell the property or for potential buyers to raise the finance
• Potential lenders usually require a minimum term of lease at outset of a mortgage facility and, also, require a 30+ years left on the lease at maturity of the mortgage term
•.
Article tags: mortgages, re-mortgages, finance, london
4). Financial Terminology: Jargon Buster A - E
A
1. Account holder
The person who has a personal loan account.
2. Advance
The mortgage loan itself is called the advance.
3. APR (Annual Percentage Rate)
An interest rate designed to show you the total annual cost of getting credit. It should include all the interest and charges payable by you as a condition of taking the loan. Where taking Payment Protection Insurance is a condition of taking the loan, this should also be included in the APR.
Article tags: finance, debt consolidation, secured loans, unsecured loans, mortgages, remortgages, bad credit, advice
5). Re-mortgaging – the way to go?
Banks, building societies and mortgage brokers are always on the look-out for opportunities for more business, so what is the consumer to expect in the way of mortgage types and offers?
Re-mortgaging seems to be the buzz-word and this seems to be a sector of the mortgage market that’s attracting lots of interest. The Council of Mortgage Lenders report that re-mortgage applications rose from 83,000 to 93,000 in just one month, accounting for over a third of the total mortgage market.
Article tags: mortgage, remortgages, price
6). Sub-prime mortgages – think twice
The fastest growing sector of home loans market is what we class as specialist mortgages. Specialist mortgages have developed to serve the mortgage needs of people who don’t fit into the more conventional model buyer.
In the case of self-employed buyers, the introduction of self-certification mortgages has made things much simpler. A statement of earnings is normally all that is needed, provided the business has been up and running for couple of years.
Article tags: mortgages, remortgages, sub-prime
7). Revealing Debt Consolidation Secrets
Debt consolidation is a way of combining all your individual debts from various sources, such as credit cards, overdraft, personal loans, etc, into one. This way you deal with just one creditor instead of many and therefore make one payment a month instead of having lots of different bills. But is debt consolidation recommended by lenders for the right reasons? You decide!
The following information has been taken from the Office of Fair Trading website and I quote.
Article tags: debt, consolidation, loans, best, rates, secured, mortgages, remortgages, morgages, remorgages
8). Problem Remortgages
Research has indicated that as many as 1 in 4 people have had an adverse credit history problem in the past. Debt reports in national newspapers indicate that debt problems are spiralling out of control and it has become easier now than ever before to take out more debt by applying for loans, credit cards and mortgages. This was all well and good whilst interest rates were low and it was just above the UK retail prices index level (RPI) and it did not make sense to try to save as it was cheaper to borrow now and buy now.
Article tags: problem, adverse, bad, credit, histort, remortgages, remorgages, mortgages, morgages
9). A guide to a Secured Loan
The common form of a secured loan is that it is one set up with some form of security for the lender. If the borrower fails to repay the loan then the lender may take hold of the security and sell it to repay the loan. Much the same thing can occur with a mortgage which is sometimes called a home loan and is a kind of secured loan in that it is secured on your property.
Article tags: secured loans, unsecured loans, remortgages, debt consolidation
10). Home owner loan what’s the advantage
Are you a home owner looking to take out a homeowner loan? Would you like to raise some money for an extension to your home, home improvements or to consolidate your credit to reduce down your outgoings, then the answer may be a homeowner loan. If you don’t wish to sell your home but wish to improve it instead then a homeowner loan can allow you to do this.
Article tags: secured loans, unsecured loans, remortgages, debt consolidation
11). Remortgaging – Is It Worth Being A Rate Tart?
Mortgage lenders call people who switch mortgage lenders to follow lower rates ‘Rate Tarts’ – as if that’s going to put them off! These are tarts with brains (not hearts) as we all know that the best way to get the cheapest deal is to shop around, and that’s what they’re doing!
The mortgage lenders are in heavy competition with each other to attract the most customers, and although some offer other incentives like free valuation and set up fees, it’s the interest rate that’s the real clincher.
Article tags: rate, tarts, remortgages
12). Divorce Fuelling Debt Crisis
The high divorce rate of recent in Britain is a major factor leading to ever increasing levels of debt, a new report claimed recently.
Debt Free Direct has claimed that the break down of marriages is a significant factor behind people's financial problems, which suggests that many are forced to take out a debt consolidation loan following the completion of a divorce procedure.
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13). Mortgages. The Costs Of Moving House
Based on an average priced property, it now costs an incredible £5,551 to move house in the UK and with mortgage lending hitting record highs it is now more important than ever that anyone moving or buying their first home is aware of any hidden costs.
Buyers tend to get caught up in the excitement of choosing a new home and run the risk of paying the price financially by not ensuring they get the best value from their mortgage.
Article tags: mortgage, remortgages, cost
14). Remortgages: Should you be Remortgaging your home?
Finding the right mortgage is a very important financial decision in life as it is more often than not the largest single expenditure in people's lives! People will often search the supermarkets shelves for bargains choosing products for the sake of a 1p or 2p saving per item and there's nothing wrong with that; I do it all the time.
Our parents teach us to be frugal with money in our up bringing and we sometimes become animals of habit throughout our lives.
Article tags: remortgages, remorgages, remortgaging, remorgaging, re-mortgages, re-morgages, switch, mortgage, morgage
15). Remortgages: The Helps and Hazards
When you remortgage you home you, just as the name you imply, get a new mortgage that replaces the existing one. This is usually something that takes place when the market interest rates drop down below what you are paying. Most often this is something that is considered by homeowners who hold fixed rate mortgages.
The Helps
Remortgaging can be helpful in quite a few different ways.
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