Archive for March, 2008

Property market headed for ‘sharp correction’

Property market headed for ‘sharp correction’
Nationwide this week released a report showing that UK house prices are rising at the slowest rate for twelve years.  Typical house prices have fallen to an average of £179,100 – a drop of 0.6%.  These findings are providing yet more evidence that the UK housing market is heading for a ‘sharp correction’, as happened last year in the US with the collapse of the ...
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Expert Choice – Current Mortgage Best-Buys

Expert Choice – Current Mortgage Best-Buys
Product - Market Harborough BS 2-year fixed rate mortgage Description - 2 year fixed rate of 4.25%, reverting to variable rate (currently 7.30%). Overall cost for comparison 6.9% APR. Maximum LTV* 75%.  Arrangement fee £595; ERC** payable during first 5 years; exit fee payable on completion. Consider it because - Attractive discount rate for the first 2 years and good overall cost for comparison.  Very good for ...
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Monthly Mortgage Review – what’s new, what’s gone, and what’s hot?

Monthly Mortgage Review – what’s new, what’s gone, and what’s hot?
What’s new? New mortgage products worth raving about are thin on the ground this month.  As the market further feels the effects of the credit crunch, mortgages are becoming more difficult to obtain at affordable rates and flexible terms, particularly for borrowers looking to buy property for the first time.  The two products worth mentioning here are reflective of the current state of consumer lending and ...
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