Posts Tagged ‘Investment Advice Northern Ireland’

House prices rise in March, soothing fears of second recession

Tuesday, March 30th, 2010

The latest Nationwide house price index has shown house prices increase by 0.7% in March, reversing the downward trend in February which had worried many experts, fearful of a second recession.

Mortgage rates stable as Bank of England holds fast

Thursday, March 4th, 2010

mortgage rates

The Bank of England has today decided to hold interest rates at the historic low of 0.5%. Customers seeking first time buyer mortgages right now are being advised to seek quality independent financial advice. An independent mortgage advisor, with their ‘whole of market’ approach, can find the very best mortgages based on the whole of the UK market, and will on average save you almost £1,000 on your annual mortgage repayments.

Halifax Guarantor Mortgages Withdrawn

Monday, February 22nd, 2010

mortgages

Halifax is changing its policy on parents paying deposits on mortgages for their children. In future, parents must pay the mortgage deposit into an account at Halifax parent, Lloyds.

Updating credit reference file crucial to obtaining personal loans, says ICO

Thursday, January 14th, 2010

Applicants for personal loans or credit cards must ensure that the information held on their credit reference files is up to date, or risk being refused due to incorrect data.

Consumers can request a copy of their credit reference file for £2 from credit reference agencies such as Experian or Equifax, and online applications are also possible. The file must be provided within 7 days.

Householders with credit cards forced to make mortgage repayments ‘on the plastic’

Tuesday, January 12th, 2010

More than 1m householders have had to use a credit card for rent payments or mortgage repayments in the last 12 months, according to the data published today by housing charity Shelter.

Normality breaks out in the mortgage market – CML

Friday, December 18th, 2009

Mortgage lending in November was down by 10% over October, and is expected to remain stable or drop slightly in the coming months, according to new data released by the Council of Mortgage Lenders today.

This should not set alarm bells ringing, however. A slowdown is normal for the time of year, due to seasonal factors and, this time round, the end of the stamp duty holiday on 31 December. These factors caused a ‘bunching’ in house buying activity over the last few months of 2009.

UK residents give up on ambition to be first time buyers

Thursday, December 17th, 2009

Thousands of young adults disheartened by recent harsh market conditions no longer have the desire to own their own home, and the number of first time buyers is continuing to fall, according to the National Association of Estate Agents (NAEA).

Only 19% of homebuyers during November were first time buyers, the lowest proportion of FTBs in the market in a year, NAEA revealed.

Chartered surveyors confirm UK house price rise

Wednesday, December 16th, 2009

house-prices-roller-sm

Chartered surveyors have confirmed that UK house prices are continuing to rise, as the Royal Institution of Chartered Surveyors (RICS) publishes its quarterly UK Housing Market Survey.

Mortgage arrears advice crucial in this year’s ice age – CML

Friday, December 11th, 2009

As the mortgage market continues to thaw following last year’s ‘ice age’ for mortgage lending, there is further good news for those who may have fallen into mortgage arrears in recent months.

Lenders are more committed than ever to working with debt advisers and mortgage borrowers to ensure that as many people as possible stay in their homes, according to the Council of Mortgage Lenders (CML) in its response to the chancellor’s pre-budget report this week.

House prices rise for 5th month – Halifax

Wednesday, December 9th, 2009

Good news for homeowners as house prices rose in November for the fifth successive month, according to the Halifax House Price Index.

The November increase was a nationwide average of 1.4%*, which means that house values have risen 4% since the beginning of the year. Halifax attributes this to higher demand combined with a still-sluggish supply, a situation which has pushed prices up.

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