What is an interest-only mortgage, how to calculate your rates and how does repayment work?

One in five home-owners with a mortgage have interest-only mortgages, a loan in which you only pay the interest. This type of mortgage doesn’t reduce the amount of debt accrued, but it does mean that the payments are much smaller than other types of loans. However, at the end of the mortgage term, the entire […]

A wealth of data within mortgage statistics

The importance and impact of research is outlined here to highlight the usefulness of the Mortgage Brain program. The system streamlines statistical analysis of several areas of the mortgage market, giving beneficial insight into what is happening in the world. This insight allows users to better construct their plans and tailor their advice to clients […]

Pound Falls After UK Mortgage Approvals, Manufacturing PMI

The British Pound has fallen after some eventful news as of lately. Manufacturing PMI has been an influential factor that everyone needs to follow. The UK Mortgage approvals have changed the housing market to a significant extent. The British Pound seems to be responding to that trend in good time as well. People are nervous […]

UK house prices edge higher in April — Nationwide

Financial Times is a great resource and people should use it over time. UK housing prices are edging higher in the month of April. The market is ready for some important changes in the coming months. UK housing prices are a big selling point and people want to follow along. Both buyers and sellers might […]

UK March mortgage approvals 62.9k vs 63.0k expected

In March UK’s mortgage approvals fell slightly.This would co-inside with the UK’s slowing housing market. The mortgage approvals net lending was up compared to expected while Net consumer spending was lower than expected. The money supply for the month’s data is down while the money supply for the year’s data is also down. This data […]

To live in interesting time – markets are preparing for the Bank of England’s latest rate decision due in May

Expectations are high that the Bank of England will raise the base rate for the second time from the current rate of 0.5 to 0.75 percent. While economist believe it’s possible, the markets are predicting a 28 percent chance of a hike. The markets are pricing in the lower expectation after last Friday’s GDP data. […]

House prices: Buying a home in the UK now costs EIGHT times your salary

Since 1997, the price of buying a home in the UK has nearly doubled, while wages aren’t quite keeping up with this increase. The cost of buying a home is now nearly 8 times the salary of an average full-time worker in the UK. Some areas are worse than others, with the most cost-effective area […]

House prices creep up in April: Nationwide

The price for the average home in the UK rose in April of this year. This has made it harder for people looking to purchase their first home. The area with the most growth is in the northern part of the UK, making it difficult for those that want to live outside of the capital, […]

Money Makeover: ‘Should I use this £110000 windfall to pay off my mortgage?’

Due to low interest rates in the United Kingdom many people are delaying paying off debt and some are also investing the money elsewhere. Many are also not paying off their mortgages with money they perceive as being extra because of the increase in buying power of their money due to the low interest rates. […]

Property prices in regional UK cities continue to outpace London

Property prices In key regional cities in the UK continue to outpace those in London. While price increase in London hit just 1.6% in 2018, Edinburgh increased by 8.1%, followed by Nottingham (8%) and Manchester (7.4%). In regional cities the shortage of available properties means that new properties coming onto the market are often sold […]