Money Talk Blog

Cheap remortgages remain available for homeowners looking to secure a deal.   The Bank of England’s Monetary Policy Committee (MPC) in their January meeting chose to leave the standard base interest rate at a low 0.5 per cent again.   The expectation is that 2012 will close out just like last year and the entire year will not see a rise in the MPC’s interest rate.   It would seem then that homeowners could sit back, let their mortgage deal end and pay on their lender’s variable rate without...Read Full Story

Remortgages for landlords continue to be numerous while other areas of mortgage lending decline in product numbers.   Lenders are very aware of the strength in the buy to let market and are offering more remortgages for landlords while pulling back on the number of other mortgage products.   Landlords are happy to get the assistance to add more properties to their portfolios as the demand for rental properties increases. David Whittaker, managing director at Mortgages for Business, said...Read Full Story

Remortgages could be slipping out of the fingers of homeowners that could use the benefit of a new deal.   Homeowners that have had their mortgage deal end and are now paying on their lender’s variable rate are going to be surprised very soon.   Despite the fact that the Bank of England’s Monetary Policy Committee (MPC) will likely leave the standard base interest rate at a low 0.5 per cent, lenders will be increasing their own rates.   The lender’s variable rate is independent of the MPC...Read Full Story

Thomas asks… which building society are offering best remortgage deals? admin answers: contact us for a independent remortgage quote it’s always a good start for a rough guide. Mary asks… best remortgage deals for senior citizen? admin answers: Some of the best refinancing deals for senior citizens are reverse mortgages. These are where instead of you making payments on the mortgage, the lender makes payments to you. Follow the link to learn more...Read Full Story

Maria asks… is it possible to remortgage your home when you haven’t got a job? admin answers: You can’t prove that you can repay it. Seriously, would you lend money to someone knowing they can’t pay you back? Lizzie asks… what is the best way to get equity from your home? Refinance, remortgage or a home equity line of credit? admin answers: You didn’t give this one, but the best way, best being cheapest to you, is to sell the property. Assuming it...Read Full Story