With rents on the rise mortgage lenders see landlords as a better bet than first-time buyers. Patrick Collinson asks if a worrying bubble is being created in a resurgent market Britain’s lenders are turning their backs on first-time buyers and other traditional borrowers, and granting mortgages to landlords instead amid signs of a new buy-to-let [...]
Posts Tagged ‘Mortgage’
Mortgage borrowing ‘up slightly’
February 11th, 2011
davidguide Mortgage lending to house buyers rose slightly in 2010, according to the Council of Mortgage Lenders. View full post on All Stories
Rates for 30-year mortgages are on the rise
January 22nd, 2011
davidguide Mortgage rates for 30-year U.S. loans rose for the first time in three weeks, increasing borrowing costs for homebuyers as the housing market shows signs of recovering. The average rate rose to 4.74 percent this week from 4.71 percent last week, Freddie Mac said Thursday. View full post on All Stories
Interest rate rise ‘could halt recovery’
January 16th, 2011
davidguide Analysts warn that an increase from 0.5% could spell a mortgage bill disaster if made too soon Leading economists and politicians are warning the Bank of England that it could wreck the economic recovery if it raises interest rates too soon in a bid to reduce inflation and help savers. A rise in base rates [...]
CalHFA mortgage aid program for jobless begins
January 10th, 2011
davidguide On Monday, more than two months behind schedule, the California Housing Finance Agency will begin taking applications for a federally funded program that will give some unemployed homeowners up to $18,000 each over six… View full post on All Stories
Homeless advocates say federal government has key to ending problem
January 3rd, 2011
davidguide San Francisco is not alone in its public housing woes and a homeless activist group’s recent report said it is up to the federal government to lay groundwork for housing to end homelessness. Recent attempts by policymakers to create and preserve housing are just the first steps to housing reform, the Western Regional Advocacy Project [...]
Bad Credit Loan – Loans To Repair Defective Credit Status With Loans
December 15th, 2010
If you are consulting lenders for loans, first question would arise regarding your credit status, but not in case of a bad credit loan. Lenders providing such loans offer loans what borrowers help mending deformed credit score.
Refinance Your Home Even with Bad Credit
December 8th, 2010
davidguide In the current recessionary scenario, a large number of homeowners are considering refinancing home mortgage due to various financial constraints. However, it is important to know exactly when and how to refinance your mortgage. Most people do not realize that opting for mortgage refinancing can lower the amount of your monthly payments and switch your [...]
Bookkeeping: Beginning The Men’s Warehouse (MW)
November 12th, 2010
davidguide Rationale: Jobless men across America, sitting in homes they no longer need to pay the mortgage on due to the self made “strategic default stimulus”, are renting tuxedos as they munch on steaks (also paid for via strategic default stimulus) so as to keep up their self esteem.And. View full post on All Stories
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