Published on June 7th, 2011 by admin. Filed under insurance | 1 Comment
The latest figures from the Council of Mortgage Lenders suggest that brokers accounted for 63% of first-time-buyers mortgage deal, 60% of remortgage loans and 53% of home mover loans during the first three months of 2011. This shows that first-time-buyers mortgages have stayed at the same amount, remortgage loans have dropped by 4%, and home mover loans by just 1%, compared with the last quarter of 2010.
Concerning value, remortgaging via intermediaries shot up to 63% in the first quarter of 2011, up 4% on the previous quarter, home mover loans stuck fast at 54%, and first-time-buyer value saw a slight drop to 60% from 62% of the last three months of 2010.
Executive for Intermediary Mortgage Lenders Association, Peter Williams, commented on the important role of intermediaries in the mortgage market within the UK, and the encouraging signs that; ‘despite massive change in the market they still account for the most significant proportion of mortgage business. Intermediaries excel at helping consumers find the right product for their needs, adding value to both borrowers and mortgage lenders.’ He went on to praise their strengths when matching a borrower with a lender, a process which saves both time and money for all involved.
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Mr Williams added that members are keen to point out that, despite current perceptions that getting a mortgage should be a difficult process; there are funds available to those looking to borrow it – even in the mortgage market being what it is.
Mr Williams also points out that product availability is on the up, and activity is beginning to increase; ‘Product availability is improving and we are starting to see specialist sectors of the mortgage market more active again. That is important as it helps serve a wider range of mortgage customers and complements the lending already undertaken at the prime owner-occupied level.’
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Published on May 30th, 2011 by admin. Filed under insurance | No Comments
Newcastle Building Society has added a new product to its mortgage range, expanding out to intermediaries with several new fixed rate remortgage deals. The products will be immediately available, and will include a two-year fix at 3.99%, available up to 80% LTV with the option of free fees – and there will be no charges for early repayment.
The building society is also launching a two-year fix deal at 4.19% available up to 80% Loan To Value, with no completion and exempt from reservation fees, it also comes with a free standard valuation. Also available with this deal are the option of either free legal fees for remortgages on properties located in England or Wales, or alternatively clients can request £300 cash back to be used for remortgages taken out for properties in Northern Ireland and Scotland.
Other deals included are a five year fixed rate mortgage specifically for first time buyers to purchase houses, and remortgage deals at 4.99% available with up to 80% LTV, which does carry other fees with it – a completion fee of £499 and a reservation fee of £195.
Intermediary services manager at Newcastle Building Society, Steven Marks, says that they have launched a new range of mortgage deals with fixed rate deals because there is still a high demand for the products, from borrowers who are looking for reassurance and certainty with their mortgage arrangements. However, he also points out that there are other customers who are concerned with having some flexibility.
Mr Marks also added; ‘Our new five-year fixed rate can give customers a fixed rate and the two years offer a good rate, with a little bit of extra freedom with the fees free and no ERC options.’ All the company’s new policies are available on a ‘semi-exclusive’ basis through Legal & General, First Complete, Positive Solutions, Brilliant Solutions, Openwork and Intrinsic.
Newcastle Building Society describes itself as ‘one of the leading and strongest mutual building societies in the UK with in excess of £4.5billion’ they currently invest their profits into the business and pay out dividends to several shareholders. The building society dates back to 1861, and is a result of the merging of Grainger and Newcastle Permanent Building Societies back in 1980.
Published on March 27th, 2011 by admin. Filed under insurance | No Comments
There are two types of Meta traders, Meta trader 4 and Meta trader 5. This software is very advanced with latest technologies and tools from IT industries. This online trading platform offers brokerage facilities to investors or traders who are involved in Forex trading. If a trader is using Meta trader 4, he can do his dealings on mobile phones also. There are so many brokerage agencies in the market promising different features and different opportunities, but traders must beware of scams. With Metatrader Demo 4 customers need not worry about anything. It gives what it promises. It is one of the perfect software of its kind. It is extremely popular all over the world because of its unique features. Meta trader 4 offers many facilities to its customers. Easy to understand, for beginners in this market also this software has proved to be a boon, as to operate Meta trader 4 no skilled knowledge or knowledge about coding is required. As anybody new to this market also can deal with the help of Meta trader 4. The security facility available in this software is so good that it can compete any other software or brokerage agency. So, any trader who has not tried this platform must once try it themselves and then believe it.
Published on February 17th, 2011 by admin. Filed under insurance | No Comments
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