Author Information
michael sterios
Member since 24th September 2006
Displaying 76 to 90 (of 97 articles)
26th July 2007
Mortgage payments are the largest expense in a typical UK household. It therefore makes sense to ensure that you are getting the best deal possible on your mortgage which means that you should remortgage your home if necessary.
If you are paying intere...
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26th July 2007
As the property market boom continues to become a mere memory, lenders have begun to tighten the criteria on buy-to-let mortgages for new-build properties. This is because the lenders are regarding premium priced new-build property as a riskier asset to l...
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25th July 2007
Shared ownership mortgages are specialist mortgages that are designed to cater for purchasing property through shared ownership schemes.
Shared ownership schemes are also known as shared equity schemes and have become a popular method for first-time-bu...
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25th July 2007
A second mortgage is a loan secured against the equity in a property that is not a first mortgage. The second mortgage will come from a different lender than the first mortgage.
A first mortgage on a residential property is regulated by the Financial S...
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25th July 2007
Non-status mortgages are designed for people who either cannot prove their income or who suffer from adverse credit. “Non-status mortgages” is a term that is loosely used to describe all mortgages that are not standard high-street mortgages.
Non-st...
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25th July 2007
Equity release is a way for homeowners to release cash from the equity that has built up in their home. Equity can be defined as the difference between the value of a property and the balance of the mortgage, or any other finance, that is secured on it.
...
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24th July 2007
There once was a time when loyalty was rewarded. However times have changed and loyalty to your mortgage lender no longer seems important.
These days the average mortgage lender seems obsessed with attracting new business while few seem interested in p...
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13th July 2007
Flexible mortgages were first introduced into the UK to cater for individuals with flexible working patterns. Flexible mortgages are a recent addition to the mortgage market in the UK, although they have been popular overseas for several years.
The ini...
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13th July 2007
With so much interest rate uncertainty in the market borrowers are facing a dilemma as to whether they should fix their mortgage interest rate or not by applying for a fixed rate mortgage.
A fixed rate mortgage will provide absolute security against ra...
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01st July 2007
In this day and age of low housing affordability, it is more difficult than ever for first-time-buyers to secure their first home. A shortage of housing stock has lead to a situation in which demand for housing far outweighs supply and this has, in turn, ...
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01st July 2007
Discount mortgages are a type of mortgage product that have a variable interest rate which moves roughly in line with the lender’s Standard Variable Rate (SVR).
The discounted interest rates attached to discount mortgages are genuine and will normall...
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29th June 2007
People who are discharged bankrupts are usually required to apply for an adverse credit mortgage when searching for a mortgage to fund the purchase of their property.
Bankruptcy was once the domain of unsuccessful self-employed business people and sole...
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29th June 2007
In this day and age of rising costs and low housing affordability, various schemes have arisen to assist first-time-buyers get onto the property ladder. One is these is 100% mortgages, which provide enough funds to the borrower to purchase a property outr...
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04th June 2007
With home affordability at an all time low, the number of UK mortgages that are borrowed on an interest only basis has risen steadily over the past few years.
This is because interest only mortgages are cheaper to maintain in the short-term as the mont...
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04th June 2007
When looking for a mortgage you may be faced with a decision as to whether you should use the services of a mortgage broker instead of applying for a loan directly with a lender.
One of the main reasons why you should use a mortgage broker is that mort...
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