Mortgage rates UK

UK Mortgage rates

mortgage rates in the UK have been rising over the last few weeks here in the UK, a number of lenders have re released their UK mortgage rates for both purchase first time buyers and remortgages alike.  Most mortgage lenders have adjusted the fixed rates and tracker rate ranges however there are still some great mortgage rates available if you speak to one of our expert advisors here at MMI Brokers where you may be able to beat the rate increases.  

So weather you are employed or self employed we can help find the best mortgage deal for your circumstances.  Buy to let rates are currently stable but what you need to avoid is the high arrangement fees currently being charged so to help you through the buy to let minefield call us today for details.  

If you have a number of unsecured debts like loans and credit cards then do not despair because we may be able to help you consolidate unsecured debt into a mortgage and therefore into a much lower mortgage interest rate possibly saving you thousands of pounds in interest payments.  

If you cant get a mortgage through the usual sources for example high street lenders for whatever reason weather its a low credit score or CCJ’s or defaults then call us today and speak to a mortgage advisor here today to help as we have a number of mortgage lenders who can accept borrowers with a less than perfect credit history.  

So for the best mortgage rates UK speak to one of our expert mortgage advisors today to find out what the best mortgage deal is for you, we are a UK whole of market mortgage broker so we know all the deals that are available on the high street and through specialist lenders.  

Mortgage brokers

Mortgage brokers

house prices are 1.8% lower than the were a year 2011, so it seems this may be a good time to get into the market i.e. a buyers market, as prospectors have announced that the market over the coming year 2012 will more than likely not see very much of a change. Of status depends on the European debt crisis.  Speculators are still not quite sure how the Eurozone will affect the UK housing market if the UK can avoid a pronged recession we expect stability in the hosting market in 2012 says chief economic analyser at Halifax hosting economic’s as the value of the average home in the UK today is very similar to the value of the middle of 2011 this indeed has held growth to the law level of interest rates.

It looks like house prices are being held artificially high at the moment by some factors, one being an extreme lack of house is for sale, and a historically low interest rate. Specialists from the Halifax group have speculated that the house prices from the North South divide will be hit the hardest where the economy is feeling it the hardest.

Mortgage broker, i need a mortgage

Mortgage brokers are telling new borrowers to expect mortgage rates to fluctuate in the months to come, as a number of major high Street lenders have increased the costs of their mortgages to first-time buyers. Mortgage brokers believe that the increased activity is because ebb and flow in the mortgage market. The first three months of 2012 as lenders are slightly concerned about the cost of lending in this current claim ,as we have seen in the last few days a couple of the lenders have raced their mortgage rates by up to 0.3 percentage points.

It seems that house prices fail in the first three months of 2011 when compared with the first three months of 2010. Speculators have stated that the fiest three months on three months comparison is is often known to be the best measurement of conditions in the housing market as last week’s survey from nationwide building society valued the average British home at £162,000 meaning houses fell by 0.2% this compared with December of the following year.The year on year measurement is calculated in a different way by Halifax and nationwide tend to measure the market slightly different, creating to different results the Halifax compares the previous three months with the same three months a year earlier to give a smoother comp are since rather than a direct comparisons of the equivalent months.

fixed rate mortgage

fixed rate mortgage is becoming increasingly popular in the last year as people become more aware of mortgage rates UK they are looking to secure the best mortgage rates UK that they can find. The easiest way to do this is to contact a mortgage broker mortgage, brokers are specialists who can find the best deal available in the mortgage market. Fixing your rate for a minimum of two years is the best way for you to control your monthly spending as there will be a possible interest hike in the year 2012 so to avoid any mortgage payment rises it is best that you secure your mortgage in a fixed rate deal.

Mortgages are not always limited to secured loans used to purchase homes or land. Mortgages of movable personal properties are possible, but the intricacy of the relevant law has meant that such mortgages are rear. A mortgage is unlike a hire-purchase agreement in that the mortgaged property belongs to the borrower. The mortgage becomes obsolete when the loan is fully repaid.

if you are self-employed and are worrying about your accounts, well the best thing for you to do is contact a mortgage broker at mmibrokers.com as they will be able to help you with your mortgage application. Often people do not know the available deals to them so contacting a mortgage broker is the first thing you should do when considering remortgaging your house or maybe investing in a buy to let mortgage.

So to summarise when considering applying for a mortgage if it be a remortgage or a buy to let or even a shared ownership mortgage, you first should contact a mortgage broker at mmibrokers.com that way you will be able to inform yourself of exactly all of the mortgage deals available to you often people do not know that there are serious mortgages in the mortgage market available to them even if they are self-employed or have minor credit problems. So do not despair it is not the end of the world speak to a mortgage broker. so to recap if you have any doubt and would like help in your application for a mortgage then contact the mortgage specialists at mmibrokers.com and they will help you through the entire process from beginning to end, you will be given a dedicated mortgage broker who will work for you to help you get the best deal for your circumstances so I hope this article has been useful to you.

cant get a mortgage?

cant get a mortgage

If you have been refused a mortgage by your bank, building society or any other high street lender then its not the end of the process or indeed the world.  you may not know that your bank or building society has a very restricted criteria when it comes to offering mortgages to their clients, for example you may be self employed and bank with one of the main high street lenders, they will no doubt ask for 3 years accounts and then the will only lend 3 times your income which doesn't help a lot of people in today's market.  the answer is to speak to one of our mortgage advisors here at mmi brokers who will offer you the best mortgage rates available to your specific situation.  You may have only 1 years accounts as a self employed person, then we can help, or you may be looking for 5 times your income and your bank lends 3 or 3.5 times.  How do you know you are getting the best deal for your circumstances if you are only talking to your own bank.  Your bank will be regulated by the financial services authority to give advice on their own products and if you read the small print it will say “there may be other mortgages available which would be better for you however we only advise on products we offer”  so you are not getting the best advice without speaking to a whole of market mortgage broker.  

People cant get a mortgage for a number of reasons including, less than perfect credit history, income not sufficient, low credit score, non UK national mortgage, non standard property construction, only 1 years accounts available, ex council property, right to buy mortgage, the list goes on, therefore if you cant get a mortgage with your bank or building society then call and speak to one of our expert mortgage brokers today and find the best mortgage rates uk.

mortgage brokers: Re-mortgage rates

mortgage brokers: Re-mortgage rates: Remortgage rates Remortgage rates UK are very low at the moment compared to the average over the past 10 years. The reason for this is b...

Re-mortgage rates

Remortgage rates

Remortgage rates UK are very low at the moment compared to the average over the past 10 years.  The reason for this is because of the low bank of England base rate.  The remortgage deals are available to all homeowners with or without a current mortgage subject to status.  

Remortgage rates currently start from around 2.19%, and these remortgage deals are available if you are looking for a better rate or maybe you are looking to raise some capital in order to do some much needed home improvements or you need to reduce your monthly outgoing by consolidating some unsecured credit cards and loans.  If you currently have a mortgage and would like to review your options, then call today and speak to one of our mortgage brokers to find out what is the best remortgage rate for you.  

Mortgage lenders often offer free valuations and free legals with their remortgage deals, therefore this will help keep the costs to a minimum when it comes to your remortgage.  Often the whole remortgage transaction can be completed within 2 to 3 weeks from start to finish with minimum referencing required by the underwriter.  

If you have a guarantor mortgage it may be time to look at a new remortgage rate because you may be able to remove the guarantor liability and get a much better mortgage rate, this would of coarse depend on your circumstances having changed since the guarantor mortgage was set up.  

No matter what your circumstances, call and speak to one of our expert mortgage brokers today to find out if a new re mortgage rates uk would be right for you.  

Why bridging finance?

Q.  Why bridging finance?

A.  Bridging finance can be an effective short term financing solution, with minimal referencing and paperwork, if you need to raise capital fast to complete on a property, or another project then please contact us below and one of our dedicated consultants will contact you to discuss your options. Bridging finance is available through a number of sources such as private individuals and foreign banks operating here in the UK.

For example if you are a home owner with a mortgage and that house you have always wanted comes onto the market and you need to complete quickly.  One solution would be to bridge the purchase of your new property without having to sell your existing property in order to complete on the purchase, in some cases the bridging loan company will give you up to 6 months to sell the existing property and repay the loan.  The bridging loan company will help you raise the money you need to put down a deposit on the purchase, then the loan is repaid when you sell or remortgage your current property.

Bridging finance is also available for many other situations including commercial business.  There is no set criteria and every case is looked at on its own merits, therefore no matter what the situation is, it is always worth speaking to one of our brokers here at MMI brokers to get the best deal for you.

Secured loans are very popular at the moment as an alternative lending solution, many borrowers at the moment are on very low interest rates because of the low bank of England base rate but still need to raise some finance for the home improvements or to consolidate outstanding unsecured debt but do not want to remortgage rates the whole loan and give up the low interest rate.  Secured loan lending may be the answer.