Householders looking to manage their bills next year are advised to seek the best deals through fixed rate mortgages. With the continued uncertainty surrounding the Eurozone, financial experts are warning that mortgage interest rates could rise next year as the cost of inter-bank lending increases. In recent months the Bank of England’s base rate has kept mortgage rates comparatively low, however that is se ...

Are you considering buying a house? The thought could very much excite you especially now that you realise you are one step away from your dream home. It could be ecstatic. But do not be easily carried out by your emotions. Try to sit back and assess your financial condition. Are you ready to buy and own a home? What would be the impact of making that purchase on your monthly budget? Be reminded that the mo ...

The Council of Mortgage Lenders has predicted that 40,000 people in the UK will have their homes repossessed this year – up from 36,300 last year. Over the past couple of years however lenders have shown more restraint in repossessing homes and are giving people the chance to get back on track before taking them to court. If you are struggling to pay your mortgage, the first thing to do is speak to your len ...

I was recently looking at properties with estate agents in Livingston and I was thinking how hard it must be for first time buyers. So I thought I’d put together a quick tips list to help some of you out. When you’re looking at getting on the property ladder it’s really hard to know where to start. Buying your first home is a massive step in anyone’s future as it’s a really big commitment; you need to make ...

Here's an article for our US audience... The United States’ economic conditions are wreaking havoc on the average citizen, and countless people are the brink of losing their homes. The situation is so fragile, that many lenders are finding too many of their homes in a state of foreclosure. Because a financial institution loses quite a bit of money above and beyond the mortgage balance when a foreclosure occ ...

Buying a house is a major investment; it’s something most of us have to save for over a long period of time. And when we write those checks at the closing, it wipes us out. All those years of saving and it’s gone with the flick of a pen. But now, in its place we have keys to our very own home. We’re landowners now! You have an empty house that now belongs to you and a bank. Suddenly you’re also hit with the ...