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The total number of mortgage approvals for Jan this year has risen by 4% on the previous month and reached 39,230, and according to new figures released by the Bank of England, the rise in mortgage approvals might carry on going up.

The total value of all the mortgages that were approved in Jan came to £4.6 billion, this is a total increase of £900 million on the previous month, however, this increase is not as large as the estimated average of £1.6 billion, or even as big as the increase that we saw in February of £1.5 billion, however, the overall sum of money that had been approved through mortgages in Jan, £4.6 billion which was well over the estimated monthly average that was calculated using figures from the previous 6 months.

There was also good news from the building societies, the amount of mortgages approved by building societies rose to £1,542 million, compared to the £742 million approved in February. (more…)

To look for a place to live in, there are a lot of things to consider if you are a first-time home buyer and an empty-nester. Think of the things you want to do in your house; would you like to modify it, can you have a garden, or a place where you can get close to your neighbors?

One of the most important factors to take when buying your house is the distance from your workplace. (more…)

Are you after some great deals on fixed rate mortgages? Do you want to save some cash on your home mortgage? Read on for more information about benefiting from a fixed rate mortgage. (more…)

Living in a condominium is far more different from owning a house. For buyers, condos appear to be attractive because they offer them a chance to own their residence and build equity at what is usually a lower cost than a detached single family home.

When you own a condo, you own the title to the space within the walls of your living quarters only. (more…)

When it comes to debts, we all like to get away with it, escape the thought of it, and burry ourselves in the sand. But thinking about the reality about credits, the more you leave it and ignore it, the worse situation will come. The most debts you prioritize may not actually the biggest one, the one you should prioritize must be those debts that have serious actions if you do not pay in the given time frame. (more…)

Everyone dreams of having a house of their own loan. It is a goal that millions of people are actively working towards on. Getting a house will be very easy for those who have good income and a good credit record. (more…)

Buying a house is not the same with buying shoes. It takes a lot of time. You have to make a crucial decision before giving the “yes, I want that!” to the real estate agent. (more…)

Mortgage is a legal contract between the borrower and the lender that states if you cannot pay back the borrowed sum property used to secure the loan, it will be taken back by the lender. Technically, mortgage is a secured loan for any type, but speaking in common terms, it’s a home mortgage. If in case the borrower cannot repay the lender, the home itself can be taken away. (more…)

A mortgage insurance known otherwise as PMI or MI throughout the industry, is only a policy provided by the mortgage insurance provider. It is a financial assurance that insures lenders if borrowers defaults on a mortgage. If MI is in place, the lenders are protected although they loan the 90% through purchase or refinance. (more…)

A mortgage rate is the rate of interest paid on the mortgage loan and it is expressed as a percentage. You might be wondering how do they put rates on the mortgage.

For everyone especially for the layman’s eyes, mortgage seems to be rising up and down without explanation. (more…)