Buy to lets help Bradford & Bingley
June 29, 2007 | Leave a Comment
Bradford & Bingley have just fallen out of the FTSE100 in the last quarterly re-jig of the top one hundred value companies in the country. But a strong performing buy-to-let housing market has put the specialist mortgage bank on course for good profits. These will be at the high end of City expectations.
Paying off your mortgage early
June 27, 2007 | Leave a Comment
It is a good investment to pay off your mortgage early. When there is high inflation as we had in the 70s and 80s, borrowing can make sense as inflation reduces the value of debt. Conversely, when inflation is low, the debt remains the same.
Considerations for selling an endowment policy
June 26, 2007 | Leave a Comment
We hear a lot about how endowment policies are not going to deliver what was promised when they were sold in the eighties and nineties. But, nearly always, that sad story is followed by the advice NOT to cahs in your endowment policy.
Yorkshire Building Society commits to OMHB
June 25, 2007 | Leave a Comment
The government launched its Open Market HomeBuy scheme (OMHB) in October 2006, with the aim of helping first-time buyers to buy homes. It was particularly aimed at key workers such as teachers, nurses, fire fighters, police officers, assisting them to get a mortgage. It is a system of shared equity, allowing applicants to buy the home they would like without any deposit and a mortgage for only 75% of the value of the property. The rest is made up of two loans: the first is from the mortgage lender, and the second is from the government. These come with decent terms. The loan from the lender has no charges for the first five years, and then a small interest charge is applied. The government’s share is without charge for the full period of the mortgage.
HBOS reverts back to enticing new mortgage business
June 22, 2007 | Leave a Comment
HBOS is Britain’s biggest mortgage lender, but its share of the market of new mortgages has fallen by more than half in the first five months of the year.