Tag Archive
High LTV Mortgages In Colchester A Way Out Of Rental Trap?
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 [...]
Borrowers Snap Up Mortgages In Colchester Before Interest Rates Rise
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 [...]
Changes Ahead For Interest-Only Mortgages In Colchester
As of today interest-only mortgages in Colchester are going to be more difficult to get hold of. An announcement made by Lloyds Bank started what many believe is the end of cheap mortgages that can be paid off with bonuses, inheritance and sales of assets. Those who work in the professional sector have traditionally been [...]
Interest Only Mortgages In Colchester
Times may have been hard of late for Colchester residents, and purse strings have definitely tightened, but it appears that some homeowners have been running under a false economy by opting for interest only mortgages. Most borrowers have used this option to ride out the recent recession, but rather than use it as a temporary [...]
Long Term Low Payment Mortgages In Colchester
In the quest for lower rate mortgages, Colchester residents are attempting to secure 30-year fixed rate mortgages before the upcoming election. At the moment mortgage interest rates are in the region of 5%, which is relatively low, but there are concerns that the current political climate may force interest rates to rise, dramatically affecting mortgage [...]
New 90% Mortgages In Colchester
People applying for mortgages in Colchester are in for a pleasant surprise. A fixed rate product launched by Newcastle Building Society is set to rival tracker mortgages with a 90% LTV. The two year fixed rate deal has an APR of 6.25% and fees totalling £695 and there is an early repayment charge of 3%. [...]
Super-Size Mortgages For Colchester Residents
Essex residents looking for mortgages in Colchester are in for a pleasant surprise. It seems that the Great British institution that is the Post Office has come up with a super-sized mortgage deal for first-time buyers. This is even better news for borrowers, especially for those who have not been able to raise enough of [...]
Why Commuters Are Choosing Mortgages in Colchester
There has recently been an increase in applications for mortgages in Colchester and the surrounding area. This could be due to a more favourable economic climate, or because as far as locations go, Colchester has something to offer everyone. Colchester is conveniently placed on the Suffolk/Essex border and has an established infrastructure that makes it [...]
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