UK Remortgage Market Enjoys Surge in June Figures

(Remortgage News)- The recent data released from the National Mortgage Index indicated a strong month of June took place for the remortgage market.  Applications during the month increased almost 30% month on month and were 65% higher than the same period last year.  Fixed rate products were the most popular, as the number increased 4% to 64% in June. Read more here…

What Not to Do when Refinancing your Loan

(International Business Times AU)- However, you need to understand that refinancing isn't simply a "tweak" to your existing loan. It involves a completely new home loan application and will result in a new entry on your credit report, even if you refinance with the same bank or financial institution.  

So, before you fill out the paperwork and begin the process of moving your mortgage, be sure to ask the following questions so you don't make any costly mistakes. Read more here…

Investors Who Do a Few Mortgages on the Side

(Wall Street Journal)- Across the nation, a number of mom-and-pop investors are pulling money out of their retirement accounts and safe, but low-yielding, savings to take on the risk of becoming "hard-money" mortgage lenders, who charge high interest rates to borrowers who have been rejected by traditional banks.

Hard-money mortgage lending represents just a tiny slice of the mortgage market, although the activity is growing rapidly. Guy D. Cecala, publisher of trade publication Inside Mortgage Finance, estimates hard-money loans will account for about 1% of the 5.5 million mortgages expected to be originated this year. But he says activity in that sector is up sharply from a few years ago, when very few hard-money loans were originated. Read more here…

Mortgage Rates: Path of Least Resistance

(Mortgage News Daily)- Home loan borrowing costs were basically unchanged today. Mortgage rate movements have gone sideways. Fear of the unknown has put lenders back in a defensive position.   These are generally not favorable conditions for rate watchers. The "path of least resistance" is tilting toward higher rates. Read more here…

New secured loan sourcing system draws 500 brokers

(Introducer Today)- miLoan broker, the secured loan sourcing system from Y3S Loans, says it has attracted 500 brokers since launching a few weeks ago. 

The system was developed by the secured loan broker specifically for mortgage brokers and IFAs to easily compare the cost of a secured loan with a remortgage, with users then able to submit their quotations for processing if they like what they see. Read more here…

Leading UK Lender Continues to Cut Rates on Mortgage Products

(Remortgage News)- Many lenders continue to cut rates on a great number of their mortgage loan products.  One of those lenders is Barclays.  They are cutting rates on 30% of its Woolwich fixed and tracker loans.  Even one of Barclays’ remortgage packages, known as Great Escape, is gaining plenty of attention.  They have increased the Loan to Value amount to 85% to help those with smaller deposit amounts.  This remortgage package can be obtained with no application fee. Read more here…

Buy to Let Remortgage Could Provide the Opportunity to Add New Properties to a Portfolio

(Remortgage News)- For landlords looking to add to their portfolio, a buy to let remortgage could very well provide the opportunity to do so, and for those that are thinking of entering the buy to let market a remortgage could do the same for them.  Remortgage rates are being offered at low levels and lending criteria has eased making it a great opportunity for those interested.  With a booming buy to let market, there may not be a better time. Read more here…

                     

Fixed Rate Remortgages are Currently the Best Seen in Years

(Remortgage News)- Homeowners looking for a remortgage are in line to get some of the best remortgage rates seen in awhile and fixed rate remortgages are as attractive as seen in many years.  Lenders have developed a competitive environment in trying to bring in homeowners to remortgage.  The easing of any warnings from economists that a standard base interest rate increase is due to occur by the Bank of England has led to a decline in demand for remortgages.  Lenders have responded by offering better deals to keep homeowners interested. Read more here…

How To Remortgage Your Home

(creatrixblog.com)- Numerous ingenious homeowners have discovered sensible reasons for remortgaging, particularly if their financial loans were arranged when rates of interest were higher than currently. You are able to either reach your existing lender to ascertain if they could be ready to provide a sweeter offer or shop around for more affordable deal with even far better terms and reduced mortgage rates. By taking advantage of a hot real estate remortgage market, your chance of lowering the total quantity you end up spending money on your residence can be important. Read more here…