Mortgage Rate are low, but when will they rise?
Mortgage rates here in Camberley Surrey A short but to the point article appeared in the Daily Telegraph today written by Nicole Blackmore. In it she reminded us that before the crisis in 2008 there was little difference between Bank Rate and two – year fixed rates. Lenders were competing...read more
How much could you save with the new stamp duty rates?
There were many announcements in this week’s Autumn Statement. One of the biggest announcements were changes to the stamp duty thresholds. This could make a big difference to the amount you have to find upfront when buying a property here in Surrey and Hampshire. But just how much could you save?...read more
UK house prices to rise 8 pct this year even if BoE acts
House prices in the UK are expected to rise 8% this year. This is good news in one way, but I believe it is not sustainable in the long term. Because its the first time buyers that are suffering, as many are unable to get their first mortgages due to the ever increasing requirements of the...read more
A Busy Month Yet Again
We’ve had another record breaking month here at Michael Usher Mortgages. Having expanded our offices a year ago and taken on extra staff, we are seeing a much wider group of clients. We’ve had lots enquiries from first-time buyers, those wishing to remortgage, the older market looking...read more
Annual house price growth now into double digits
Here at Michael Usher Mortgage Services, we have noticed increased activities in our dealings with local estate agencies, solicitors and of course the number of cases we are dealing with at our Frimley offices. Here in the South East of England there is a shortage of properties, which in the...read more
All Change – Its the Mortgage Market Review
As of yesterday, all new mortgages and those not approved yet will be subject to MMR, otherwise known as The Mortgage Market Review Here is a “review” of what this means…. Applicants face tougher questions about their lifestyle, under the new rules that take effect on...read more
We’re Busy..Why? Mortgage Approvals At Their Highest Since 2007
At our Frimley High street office, we’ve been busy..really busy. At the moment people are looking to fix their mortgage to the low interest rates, because there is a strong possibility that interest rates will rise next year. But of course first time mortgagees, are coming on board with the...read more
Latest Figures From Halifax Show House Prices Up 9.4%
House Prices Are Up Again… Every month The Halifax produces a report called the House Price Index, which tracks the value of property from month to month. Their house price information is derived from Nationwide lending data for properties at the post survey approval stage. They have the...read more
House Prices Up Again In Surrey
More great news for home owners in Surrey and Hampshire. The Halifax House Price Index According to Halifax, UK house prices rose seven and a half percent in 2013. The figures, which include the whole of the country, are seasonally adjusted – meaning that things like temporary slumps over periods...read more
Is now the time to secure a cheaper mortgage?
In the Daily Mail today the former Bank of England governor Sir John Gieve said interest rates could rise this year for first time in seven years.. Interest rates have been held down by the Bank of England since 2009, but he argues that interest rates should rise this year. If you are thinking of...read more