A Government department has announced that the price of properties in the UK has risen by 10% over the past twelve months. The news may be good for homeowners, but for first time buyers in the area, it may be more difficult to find an affordable mortgage quote in Colchester. The town has become increasingly [...]
The rental market in Colchester is currently at an all time high as would-be first time buyers continue to find it difficult to get a mortgage approved by a lender. It has been recognised that many of the mortgages that have been refused have been so because of tighter lending regulations, even though the applicants [...]
Bovis and Barclays have joined forces to offer competitively priced mortgages for first time buyers in Colchester. Mortgages for Essex developments have been formulated to help first time buyers get involved in the property market by offering high LTV loans with low interest rates. By helping first time buyers purchase a property, the move will [...]
With talk of increased interest rates on the horizon Colchester mortgage advisors are urging their clients to overpay their mortgage while they can. The benefits of overpayment are clear – it reduces the debt faster, gives the opportunity to access deals with more favourable interest rates and it increases the amount of equity in the [...]
As the Government announce that the country is going to have to endure financial hardship in the near future, financial experts are contemplating the effect this may have on the mortgage and property market. The general consensus seems to be that the mortgage market will continue to improve a while longer, but the property market [...]
According to a recent survey, fixed rate mortgage deals are going to outstrip the popularity of tracker mortgages over the coming months. This is due to changes in interest rates, the average rate for a two year fixed rate loan having dropped from around 5.21% to 4.61%. This change has seen the average mortgage repayment [...]
An abundance of free mortgage quotes can cause confusion for the average borrower as lenders compete for custom; but some institutions are trying to claw back what they have lent by encouraging customers to go elsewhere and at the same time will pay off part of the debt themselves. This strategic manoeuvre may seem too [...]
If you want to find cheap mortgages in Colchester fast, the advice is to seek the services of a broker. Until recently, the number of mortgages secured through a broker were increasingly small as borrowers were finding cheaper deals by approaching lenders directly. However, as more products come onto the market offering competitive rates, mortgage [...]
Rather than spending your spare time trawling the mortgage shops of high street lenders, experts recommend that Colchester borrowers get an online mortgage quote. There are a number of websites that can give anyone who wants to buy a property a list of literally thousands of quotes to compare. With an ever increasing number of [...]
First time buyers in Colchester have felt left out in the cold lately as cuts in interest-only mortgages and tougher application processes for first time deals have led to lending restrictions. As of today however, the mortgage advice for new borrowers is less bleak. Both the Nationwide building Society and the Post Office have launched [...]
