Latest developments in the mortgage market

There have been significant developments in the UK mortgage market in the last few weeks.     Now the General Election has been held and a stable Government formed, the mortgage market is showing signs of life.

• First time buyer? There are lots of lenders out there and not all need massive deposits – call us now
• Buy to let? New lenders have entered the Buy to Let market with an appetite to lend, giving hope to landlords looking to minimise their interest payments by remortgaging
• Looking for higher LTV? Then the new 85% LTV secured loans of up to £100,000 are now available for employed people, 75% LTV up to £60,000 for self-employed.
• Want a large interest only mortgage? With our private bank relationships, it is possible to obtain an interest only mortgage of £1 million plus, with no early repayment charges, up to 80% LTV
• Equity release? There are some great schemes available from the private banks to help you release funds from your property.
• Respected think tank, the Organisation for Economic Co-operation and Development (OECD) has stated that it would like to see the UK Bank Base Rate at 3.5% by the end of 2011, 3% higher than its current level. A fixed rate could give you peace of mind
• Need the lowest fixed monthly repayment? Then our rates with the Woolwich are very competitive

If you’re not sure what to do, just <http://www.largemortgageloans.co.uk/mortgage_quote.php?id=RU33> submit an enquiry, or call us on 020 7519 4900.

This entry was posted on Monday, June 7th, 2010 at 3:27 pm and is filed under Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.