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Luke Ashworth's Articles in Mortgages Show All|Display Category|Title|Newest|Oldest Why we’ll be forced to remortgage and go back to work Over a quarter of mortgage holders affected by the last base rate rise are financially stretched and are struggling with making their repayments forcing them to either sell or remortgages. First-time buyers caught by rising mortgage fees Major UK lenders are now charging buyers an average of £2,000 if they do not have 10 per cent of the property’s value as a deposit for a down payment. Can remortgaging save you? When it comes to financial products, especially in the UK, you can always find a better deal and shopping around has never been made easier – it’s practically encouraged by the lenders themselves. Why we are opting for the fixed Rate mortgage The Council of Mortgage Lenders (CML) reported in April that almost nine out of 10 first-time home buyers chose a fixed-rate mortgage loan in February. Why would you choose to switch your mortgage? More than 18 million homeowners have never remortgaged and could be wasting hundreds of pounds each year by sticking with a mortgage deal that is no longer competitive. Are you overpaying your mortgage? Nearly one in five (19 per cent) of homeowners in the UK are over-paying their mortgage by staying on their lender’s Standard Variable Rate (SVR). What’s the mortgage rush? The Bank of England (BoE) has reported that 311,000 mortgages were taken out during the month of February. That is 4,000 more than were taken out in January. Steps to looking for a mortgage or remortgage. How much should you borrow. Obviously you will have some goal in mind and that goal will have a cost. However mortgages run over many years and you will need to continue to keep up with the mortgage payments. So consider carefully what amount you want to borrow and what amount you can afford to Mortgage lenders exit fees For some time there has been complaints about the size of fees a mortgage lender can charge a customer for changing their mortgage provider. The feeling is that these fees have been increasing over the years and that whilst some lenders may have promised low fees to borrowers some years ago, they ha Poor Credit Ratings. Most of us at some time in our life have borrowed money. Some times we may not have actually borrowed the money but through other reasons have got into debt. So what can you do about poor credit ratings.	Authors Sign Up for a free account. Submit your articles. Publishers Category RSS feeds. Resources Accredited Home Schools Article Directory More Resources

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