Retirement: Using property as a pension, the pros & cons

Retirement: Using property as a pension, the pros & consFuelled by low interest rates, on both mortgages and savings accounts, the buy to let mortgage market is booming. Only last week the Council of Mortgage Lenders (CML) revealed the number of buy to let mortgages being granted is at the highest level since 2008. At the same time, a survey from Barings has shown a rise in the number of people planning to use property to help provide an income ...

Housing & mortgage round up: House prices rise as do mortgage approvals

Housing & mortgage round upTwo house price surveys out this week, both showing a rise in house prices, whilst the number of mortgage approvals has risen and mortgage affordability is improving. All good news? Well, not quite. The housing market is still volatile, with any monthly rises being cancelled out by falls, to create a stagnant picture and mortgage finance is becoming even harder to obtain for people without large deposits. Nationwide: Surprise rise in house price...

Mortgage fees rise again

Borrowers already struggling with tighter lending criteria are having to cope with increased mortgage application fees which have risen by 13% over the past two years. Research done by moneysupermarket.com has shown that application fees for Tracker and Fixed Rate mortgages have risen by 13% since September 2009. It would seem that as interest rates have fallen, lenders have increased the arrangements fees they charge for mortgages so that their profit margins are protected. This has lead to a situation where the mortgage product with the best headline interest rate may not actually be the best deal once fees are factored in. The ...