Mortgage News
Northern Rock Splash The Cash
It was reported today in The Mail that Northern Rock, the Newcastle based bank has announced a bonus scheme for it’s workers, as a way of rewarding them for the hard work they have done in helping the bank achieve it’s target of repaying part of its bail out loan from the government.
The amount of money being [...]
Mortgage and borrowing predictions for 2009
I used to work as a mortgage broker until the credit crunch put me out of business, and I often wonder how long the mortgage / credit markets will take to get back to “normal”, or something approaching what they were like pre-credit crunch. I suspect it will be many years before they get back [...]
Bank of England Base Rate Lowered from 2% to 1.5%
The Bank of England announced the new base rate at midday today, a cut of a further 0.5% on last months rate of 2%, brining the new rate down to 1.5%.
This will mean that the UK is now seeing the lowest rate of interest for over three hundred years, and in fact the lowest rate [...]
When Should I Change Mortgage Lender?
Firstly, why should you change your lender? The answer is to take advantage of a better interest rate with a different lender, therefore saving you money each month in the form of a reduced interest payment on your mortgage. But when is the best time to switch?
It can be difficult to predict when the best [...]