Show begins at the home loans' circus
Article Abstract:
There is currently very strong competition between mortgage lenders in the UK, and this means that some very attractive deals are available. It is worth looking closely at mortgages from traditional building societies, which claim that they can keep rates low because of their mutual status. Building societies which have abandoned mutual status and banks are being forced to find ways of attracting customers other than the conventional variable-interest rate. It is also worth considering mortgages from direct providers, which do not have the costs associated with maintaining a branch network.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Home in on a flexible mortgage
Article Abstract:
The UK's mortgage lenders are beginning to realize that traditional 25-year mortgages with fixed monthly payments are no longer necessarily appropriate in a labour market where people are likely to change employer frequently and their income will probably fluctuate considerably. More than 20 leading mortgage lenders now offer flexible mortgage schemes, under which borrowers can raise and reduce the outstanding loan on their home as they require. There has also been a shift towards 'current account mortgages,' which aim to bring together all an individual's banking and borrowing needs.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
A faster way to be rid of the burden
Article Abstract:
Mortgage lenders in the UK take varying approaches to calculating capital repayments on repayment mortgages. Most commonly, they will calculate the amount of capital to be repaid only on completion of a 12-month cycle, regardless of how much has been repaid in the meantime. However, some lenders allow repayments to be calculated on a monthly, fortnightly or even daily basis. Setting repayments more frequently against the capital owed allows the borrower to make considerable savings in interest.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Poor deals on the home loans front. Mutuals score best against the rest. Royal and Sun seal 6bn pounds sterling merger
- Abstracts: Conversations with Igor. The operas came in three by three. To thine own muse be true
- Abstracts: Gone for a Burton. Heaven in a blue suit. Mr Pouty, Mr Broody, Mr Handsome
- Abstracts: In this serene town, disbelief as the sea becomes a graveyard once again for so many travellers. TWA 800 inquiry lost in a labyrinth
- Abstracts: There will always be life under the stars. The return of the rap pack. Rap's off