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26 Jan 2010 | BBA: Approvals down 27% in 2009
Figures from the British Bankers’ Association have revealed that mortgage lending grew by £3.5bn in December 2009. It said gross lending was inflated by borrowers pushing through purchases ahead of the end of Stamp Duty relief.More ...

25 Jan 2010 | Mortgage and property shortage forcing buyers to rent
The UK housing market is experiencing a trend of ‘reluctant tenants', following a shift in supply and demand for properties, according to the Association of Residential Letting Agents (ARLA). The ARLA survey showed that the surplus of rental property is reducing, while demand for property rises.More ...

25 Jan 2010 | Consumers predict house price increases in 2010: Rightmove
The majority of people in the UK expect further house price increases in 2010 in a huge sentiment swing from January 2009, according to the Rightmove Consumer Confidence Survey for January.Over half (53%) now believe prices will increase in the next 12 months, compared to 10% in Q1 2009. Only 13% believe prices will fall over the next 12 months compared to 69% a year ago. More ...

21 Sep 2009 | Average asking prices rise by 0.6% (Source: myintroducer.com)
Autumn sellers raise price expectations according to Rightmove's September House Price Index, with average asking prices rising and the market seeing its lowest stock levels for 18 months with 10 properties coming off the market for every 8 coming on . More ...

18 Sep 2009 | Repossessions down as lenders mediate (Source: Mortgage Solutions)
Industry figures have again hailed the impact of the pre-action protocol on repossession levels, but warned that rising unemployment could derail the recent improvements reported by the FSA. More ...

15 Sep 2009 | 95% of complaints against Lloyds arm upheld (Source: ft.com)
A division of Lloyds, the taxpayer-backed bank, wrongly rejected almost all recent customer complaints, according to new figures released on Tuesday. More ...

14 Sep 2009 | Nine Properties is the Limit for Lloyd's Landlords (Source: Mortgage Strategy)
Lloyds Banking Group has extended its buy-to-let lending policy to all HBOS brands, limiting landlords to a total of nine properties across the group. More ...

08 Sep 2009 | Lenders urged to slash margins (Source: Mortgage Solutions)
Lenders have faced increased calls to reduce their margins and lower their rates, after Bank of England (BoE) data showed that the margins charged on average fixed rate mortgages have reached the highest level on record.More ...

08 Sep 2009 | Confidence in housing market grows (Source: Mortgage Solutions)
Confidence in the property market has grown as more people have bought properties rather than remortgaging existing properties, according to figures from Moneysupermarket. More ...

As we all know the last 6 months has been a turbulent time for the financial industry, with interest rate falls, mortgages being pulled by lenders, property prices dropping and the bank bail out by the Government. It’s also doom and gloom in the media with apparent experts predicting worldwide economic devastation.

Back in the real world where people are trying to carry on with their lives amongst the media frenzy, all we can see is that things have changes, as things tend to do.

Mortgagees and Insurance, have all had transitions, so now’s the time to take a good look at what those changes are and start to adapt to those changes. This is not a time to sit and wait for things to go back to the way they were. So lets look at a few of the changes and instead of looking at the negative let’s look at the opportunities.

We hear constantly that First Time Buyers can not get onto the property ladder, well did you know that applications to lenders by first time buyers have gone up at least 30% the reasons are obvious, firstly property prices are becoming more affordable and of course the interest rates they can get are better then they have been for some while. On top of this the number of lenders offering 90% mortgages is on the up from 18 only 2 weeks ago to 21 currently.

And what does all this mean to First Time Buyers?
Simply that Mortgage payments are now consuming less of these borrowes incomes. This is backed up with an article from the Council of Mortgage Lenders.

Property Investors
The same applies If your looking to trade up the property ladder, the facts are that you can now do so for a much lower cost than you would have done this time last year. So again from an individual point of view these are times to turn the economy to your advantage.

So, yes, we are going through turbulent times, however, start to take a look at how you can take advantage of the opportunities, which the current economy offers. Whether you are a First Time Buyer, an Investor, looking to move or refinance, there may be some very good deals available to you. This is one of the reasons why we have put in place our FREE Financial Health Check. This is your opportunity look at your current financial situation and let us show you how you can take real financial advantage in today’s market. There is no obligation and absolutely NO pressure to purchase anything. The reason why we provide this service completely Free of Charge is simple. Over the last few years we have build great relationships with our clients and have provided a world-class service, and I would like to expose our business and services to you.

Tue Jan 20 - December inflation falls steeply"
LONDON (Reuters) - Pre-Christmas discounts and a cut in sales tax pushed inflation down by its biggest margin in almost 17 years last month, but the fall was less dramatic than analysts had forecast, official data showed on Tuesday.. more>

Finance News

Looking at everything that is happening around us at the moment, it is essential that you have a sound financial plan. This is the reason we have introduced our FREE Financial Health Check for all our clients and new people coming to our business. The Health Check will enable you to plan your finances and give you peace of mind.