Comments for UK Mortgages

Comment on Halifax sees major improvement in housing affordability by mkeen61267

mkeen61267 — Thu, 06 Nov 2008 11:23:04 +0000

There is still going to be some way to go before first time buyers come back into the market and of course the lack of mortgage products is going to hinder any recovery. Until Libor comes somewhere towards the levels pre 2007 we are not going to see lenders assisting.

However the inbuilt supply and demand problems in the UK market will mean that once market conditions return to normal, we could once again return to a boom situation, when what we need is steady growth and a programme of social housing.

Comment on Brits jumping ship likely to cop inheritance tax bill in foreign climes by realhoneymonster

realhoneymonster — Wed, 08 Oct 2008 17:11:40 +0000

A vey good point, but even in this case there may be legal tax avoidance measures that can reduce or cut the inheritance tax liability if put in place ahead of a person’s death.

Comment on Lehman Brothers bust, Merrill Lynch sold by Nova

Nova — Mon, 15 Sep 2008 09:20:27 +0000

wow! It was more than a hundred years old :( Such a sad fate :(

Comment on Stamp duty dithering hits home sales by hurleysltd

hurleysltd — Tue, 02 Sep 2008 15:53:31 +0000

Following July everything had started to improve ever so slightly. Property prices had fallen pretty fast and quite hard and the lenders had become far happier with the lowered risks they were taking. They are still not happy enough to increase their loan to values but happy enough to slightly drop their rates which has eased things up alot and created a well needed feel good factor of hope.

Some purchasers with their eye on the ball could see things improving and come to decide it a reasonable investment, given future predicted property rises, to write off their future losses on buying in the current market as minimalistic……this was however until Alistair Darling decided to stick his eyebrows in and declare that he was contemplating playing with stamp duty.
He was unsure whether he would cut the 1% band on stamp duty for a while, or perhaps it could be a range of amendments, anything from exempting all property sales from stamp duty, allowing buyers to defer paying the tax or reducing stamp duty for first-time buyers.
Nice one Darling!!! Now no one’s buying anything as they’re all waiting for his next instalment. But it’s all gone quiet. Will it ever happen? Nobody knows. Most probably darling Darling doesn’t even know.
He needs to sit down with his cup of coco and have a real good think about what he’s doing as he has effectively crippled the already slowed housing market and near enough brought it to a complete standstill.
If he does do something significant with regards to the tax soon it could make all the difference and maybe even jump start our economy again at least a little. If he doesn’t then things will undoubtedly go from bad to worse.

Apart from that! Everything’s tickedyboo!

If you’re remortgaging and you’ve got at least 10% equity in the property and decent enough income it’s all fine, perhaps a little more expensive than last year but digestible.

If you’re purchasing it’s a fantastic time to buy as houses aren’t selling and you can pretty much offer whatever you like. Also if you time it right your completion may coincide with Darlings next offering and you may miss out on the stamp duty tax. Property purchase usually takes around 3 months anyway so holding off too long is not entirely necessary to achieve this, if indeed it happens.

That’s all from me now then.

Until next time,good luck everyone with whatever you do and please don’t forget, if you or anyone you know needs a mortgage please click on the link below and we guarantee to contact you back within the hour with Free Independent Mortgage Advice.

http://www.hurleysfinancialsolutions/enquiry_online.html

All the best

Jason Hurley BSc Hons FPC CeMAP
Hurleys Financial Solutions

Telephone: 01727 758470 Mobile: 07958 450124 Email: jason@jhurley.co.uk

Comment on EPF pulls out of secured loan market by trafficvani

trafficvani — Wed, 13 Aug 2008 05:25:19 +0000

Oh that’s a latest news i could read now.
But people who need secured loans should wait for some days i think…hope the issue gets solved soon

Comment on Study shows that living in UK costs ‘at least £13,400′ a year by adviceforyouorguk

adviceforyouorguk — Wed, 02 Jul 2008 19:27:20 +0000

It certainly scary when you think about the numbers in the cold light of day like that.

Dan
—
blog:
uk student sews and events

Comment on Dual pricing crippling brokers by martin7733

martin7733 — Fri, 06 Jun 2008 16:15:24 +0000

The FSA suggestion that brokers charge a fee for advising clients is a wholly unworkable idea, both commercially and technically.

Clients dont expect to pay to be redirected to another company and will walk away from any broker who suggests that they will do this.

More damning is the suggestion by the FSA that brokers provide advise on mortgages to which we do not have access and that we should provide a KFI. How can brokers advise on a product to which we dont have access? We dont have access because these products are only available direct from lenders.

The FSA response demonstrates a significant failure to understand the true nature of the commercial environment surrounding our business.

The sooner dual pricing is stopped and the sooner we can get back to normal business the better.

Comment on Callcredit sees 20% rise in people checking credit rating by michael

michael — Fri, 23 May 2008 11:01:47 +0000

I am not too surprised at these concerns. Debt is clearly becoming a problem to people. Several reasons come to mind.
The first is that many people are really having problems paying bills because everything seems to be increasing in cost. Except incomes of course!
The second is the difficulty that many people now have in getting additional credit including loans and credit cards. So they are having to find ‘real’ money to clear the debts.