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Mortgage Broker vs The Bank !

Broker vs Bank

You need a mortgage, so who will find you the best deal a Bank or a Mortgage Broker. Between the publics growing loss of faith in lenders ability to provide sound financial advice and stricter lending criteria, nowadays around 60% of mortgages are now taken out through a mortgage broker and many experts expect this figure to continue rising. What ...

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What is a Valuation and why do you need one ?

Mortgage Valuation / Survey

the property you are trying to purchase is worth approximately what you have offered to pay. It will also contain basic details regarding the construction of the property ie walls are made from brick and the roof is constructed from slate etc. Depending on the mortgage product the valuation could be free or you may have to pay for it, ...

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How to Save for a Deposit ?

saving for a mortgage deposit NI

deposits as you would represent less of a risk to your Bank or Building Society. The best rates will be available to those with a 75% or less LTV (Loan to Value). Create a Saving Plan and Start now ! When saving for a deposit you should always be working towards a goal, first of all, decide approximately how much ...

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£165 Million Secured for Co-Ownership ?

co-ownership secures £165 million

Good news for those trying to make their way onto the property ladder in Northern Ireland but are struggling to save up an adequate deposit. The NI housing scheme has secured £165 million which will be used to provide help to those who need it. It’s estimated that the investment will provide financial support to more than 4,000 people and help ...

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Mortgage Lending at it’s Highest since 2007 Crash !

Mortgage Lending on the rise

Data published by the council of mortgage lenders stated that mortgage lending is currently 24/02/2016 at it’s highest since the financial crash of 2007 and they are expecting this upward trend to continue. The data suggests that more than 3,700 mortgages worth a total exceeding £380 million were secured during the final quarter of 2015 which is equivalent to a 3% ...

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Are Interest Rates set to Rise Late 2017

Rising Mortgage Rates

The Bank of England has a duty to try and maintain the rate of inflation to no more than 2% and its govener Mark Carney must now write a letter explaining why they have failed to do so. Raising interest rates is one tactic used by the Bank of England to combat rising inflation and it is now expected that the ...

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