The Mortgage Broker Blog
Blog URL http://www.rightmortgageadvice.co.uk/blog/index.php
Located Macclesfield, Cheshire United Kingdom
Tags Mortgage, Mortgage Broker, Mortgage Advice, Mortgage Advisor, Personal Finance, The Economy
All about the world of financial services and what's going on behind the scenes in the business.
Latest Blog Posts
- High time APR or Annual Percentage Rate interest calculations were removed from mortgage products on Nov 19, 2009 in The Mortgage Market Annual Percentage Rate APR FSA Interest Rates mortgage market
One of the most bewildering and confusing items on any mortgage illustration from my point of view must be the Annual Percentage Rate or APR listed on a product. APR was developed to give a comparative measure between various loans to show the overal...
- Mortgage Broker Q&A – Capital Gains Tax on Buy to Let or investment properties on Nov 18, 2009 in General
Capital gains tax is levied on gains made on certain non exempt sales of assets at a current rate of 18%. Your main residence is effectively exempt from Capital Gains Tax through tax relief, however any second home or investment property will become...
- Mortgage Broker Q & A. Interest only or repayment mortgage? on Nov 12, 2009 in capital and interest capital repayment interest only mortgage interest Repayment Mortgage
Question; what are the pitfalls and benefits of an interest only mortgage? They say life is all about risk, and this question is a prime example. If you want the certainty that your mortgage will be repaid as long as you keep up your payments then yo...
- When will big businesses learn and switch their brains on? on Nov 9, 2009 in General Big Business Common Sense Efficiency Ergonomics Stupid Practices
It doesn’t surprise me in the least that our banks needed bailing out, not because of “casino trading floors” or “fat cat pay packets” but just simply because on a day to day basis I am confronted by the complete lunacy of big businesses an...
- Time to end black-boxing on Nov 2, 2009 in General Credit Criteria Credit Scoring Lender Criteria Loan Approvals
While everyone is up in arms about bankers bonuses and the lending practices that led to the credit crunch the bigger picture of fair and open practices within the financial services industry seems to have fallen by the wayside to a culture of pander...
- Mortgage Broker Q & A – Removing a party from a mortgage on Oct 30, 2009 in Mortgage Advice Mortgage Contract Removing party from mortgage
Question – I have a joint mortgage currently and we want to change it to being solely in my name or my partners what do we need to do? Firstly you need to establish whether your existing mortgage is still within any tie in period and what penalty t...
- Mortgage Broker Q & A - Letting a mortgaged property on Oct 29, 2009 in General Buy to Let Let to Buy Letting property
Question – I am intending to let my property which has a residential mortgage on it, what should I do and is this ok? Firstly it is a typical condition of almost all residential mortgage contracts that the property should not be let without the con...
