The Bank of England governor Mark Carney has indicated recently that he expects interest rates to rise early in the New Year. He has also said that the expected rates to have risen by 2% in the next couple of…
Life Cover and Your Mortgage
Protection is low on the agenda for people purchasing new homes with statistics revealing that only 11% view it as a top priority. This is in contrast to the 20% of people who rated their top priority as furnishing their…
The Value of Money
We can all have our own perceptions and misconceptions of the value of money. For instance, in one pocket you have fifty pounds which you have worked all day for and in the other pocket you have fifty pounds which…
You’re not tied down if your tied in
We all change our minds and how we feel regularly. Even with something as simple as going for dinner we can change our minds several times. What we are going to wear, what we order, do we get a pudding,…
The Changing Mortgage Market
With another year over and a new one begun it’s the time we all look ahead at what 2013 may hold, and for me that includes the housing and mortgage market. As always, I don’t like to predict which way…
Consider Switching to Repayment
With interest only mortgages becoming much harder to obtain over the last few years, and more recently the Nationwide Building Society announcing they are no longer going to offer interest only mortgages to new borrowers, it is time to…
Long Term Fixed Rates Worth Revisiting
The Bank of England has launched a new scheme to make more money available to homeowners. This has been made possible by the Bank of England lending money to Financial Institutions at below market rates. Under the initiative, lenders will…
A Ticking Time Bomb
I have noticed that the Canadian government have shortened the maximum mortgage term in their country from 30 to 25 years. This is the fourth time in four years that they have tightened rules around mortgages. This time, following…
The Good and the Bad of New Build Houses
We’ve all heard how when you buy a new car, it falls in value by thousands of pounds the moment you drive off the fore court. The same applies to the moment you step into a newly built home,…
How the Meaning of Insurance has changed
Over the years, the reason insurance all started has lost it’s way. Insurance is meant to be a way of protecting against events which you are not prepared to risk happening in any circumstance, not events which you simply…