Nationwide has cut its interest rates
Great news for some house owners in Surrey and Hampshire. Nationwide has announced interest rate cuts on a number of its fixed-rate mortgages, and has launched a new range of tracker mortgages. As of 17th February, new fixed-rate mortgage customers at the building society will be able to sign up for deals 0.2% lower than […]
Property Asking Prices Are Up
Despite the current gloom in the housing market, house seller have put their asking prices up. In a recent survey www.RightMove.co.uk found that 9 out of 10 possible sellers believe that now is not a good time to sell. However this has not stopped people putting their houses on the market at higher prices, despite […]
House Prices Down Interest Up
According to the The Royal Institution of Chartered Surveyor (RICS) there has been renewed interest from people looking to buy property. What this means is that surveyors, who look at property on behalf of the building society/bank (normally) have said there are more people are “taking a look at property”, (probably investors in most cases) […]
New Interest Rate 1% Great for Local House Owners
The Bank of England has reduced interest rates to a record low of 1% from 1.5%. Back in October last year, the Bank of England rate was 5%. Great news for house buyers, especially with tracker mortgages, but of course bad news for savers. Of course this is the 5th interest rate cut in five […]
Insider News
Hi, I thought I would publish something that appeared in one of the mortgage business trade journal “Mortgage Introducer”. I think it goes to show that money is still being lent for mortgages, despite what we hear consistenly in the TV News “27 January, 2009 In December, net mortgage lending by banks rose by £2.9 […]
Outlook good for first-time buyers who have a deposit
I was contacted by the local press for comments and to give advice for first time buyers, thought you might be interested in some of the things I told the reporter Halima Sadat the reporter for the Local news paper, Aldershot and Camberley News. Michael Usher of Michael Usher Mortgage Services says in the first […]
3.3% Mortgage Is It possible?
We get offers all the the time…. And I have to say that 3.3% would be a good rate, but this is what is called the “Headline” rate, just to “oik you in” as the actor Mark Benton says in those famous Nationwide television ads. Now I have to tell you that you have to […]
Helping Phyllis Tuckwell Hospice
In a previous life I was a DJ. I have decided to put on a disco in aid of the Phyllis Tuckwell Hospice on Saturday 2009 at the Pine Ridge Golf Club in Camberley. You can find all the details here, but I also made a couple of videos with my brother Sean, where we […]
Tracker Mortgages a Good Bet?
Hi, Getting a tracker mortgage is a good idea right now, sound obvious doesn’t it. For instance the 0.5% cut to 1.5% last week means a saving of nearly £50 per month on a tracker mortgage of £200k. Although not all lenders are passing the recent interest rate cuts to their customers. Nationwide, Norwich & […]
Mortgage Broker Says "Don't buy a Mortgage Today"
Don’t buy a mortgage today, that’s the message I am giving my clients. I like most people was surprised by the 1.5% reduction of rates by the Bank of England. But the mortgage market is a little unstable and volatile at present and will be till at least the middle of next week. All of […]
