E1 Mortgage News UK - Mortgage News information


E1 Mortgage News

Welcome to E1 Mortgages, the independent Mortgage information website that tells you everything you need to know about mortgages. Most people in the UK buying a house need a mortgage and 8 out of 10 are paying too much for their mortgage. Find out if YOU are one of them, and get a FREE, no obligation quote.

Buying your own home will probably be the single biggest financial transaction you ever make. It should be an exciting experience but unfortunately, at times it can also be worrying. Finding the right mortgage is a very important financial decision!

The range of UK mortgages has increased dramatically over the past few years: there is anything up to 8,500 mortgages available at any one time, from more than 160 lenders. They cover just about every type of deal and cater for all sorts of different requirements. Although this increase in mortgage types has added complexity, it has also introduced fierce competition, which has in turn resulted in the availability of some very attractive mortgage products for you the customer.

Whether you are a first-time buyer looking for a new mortgage or aiming to switch home loans at the end of a deal with an existing lender, you want to find the best option to meet your needs.

Why use us for your Mortgage requirements or compare Mortgage products? One of the best ways to save money is to compare the best offers on Mortgage product and see if you could benefit from changing your current provider.

All borrowers, regardless of personal status, want to be able to compare the best mortgages on the market and find out what might suit them. To find the right deal, all you do is fill in simple (1 minute) Enquiry Form. Our search tool will narrow down the field on your behalf and tell you what loans are available.

Mortgage Types:

Home movers Mortgages
First Time Buyer Mortgages
Commercial Mortgages
Equity Release Mortgages
Debt Consolidation Mortgages

Remortgages
Buy to Let Mortgages
Self Certification Mortgages
Overseas Mortgages
Bad Credit Mortgages

Our information might help you work out your budget and understand the different rates and offers you will be faced with on your Mortgage hunt. Whether you are a first time buyer learning about mortgages for the first time, investing in a buy to let mortgage or need to re mortgage but have bad credit, we believe that the best way to prepare you for your mortgage decisions is to keep you as informed as possible about all the mortgage types available to you.

SEO

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Some of the products/services are not or may not be regulated by the Financial Services Authority.

Latest Mortgage News

House prices predicted to stabilise in 2008

Nov 26 2007

House prices will increase by between 2% and 4% in 2008 and interest rates will drop by 0.50%, according to SmartNewHomes.com The property portal has also predicted sales and price growth of apartments will suffer due to over-supply. But average new home prices will rise by between 2% and 3%. Escalating house prices in the south will also keep inward migration levels high in the North, according to Smartnewhomes.com
David Bexon, managing director of SmartNewHomes.com, said: "We have seen steady growth throughout the year, with house prices up 0.7% on last month and 0.7% over the last year. After a slowdown following the banking crisis, many buyers have chosen to stay away after a loss of confidence in the market.
He added that 2008 would be more positive for the new homes market and predicted an average price increase of between 2% and 3% for new homes over the next year.
"Given the upheaval and the slowing of the market over the last 2-3 years, homeowners may take short-term measures, such as home improvements and extensions.
"Developers will continue to use incentives, so the New Year is going to be a better time for first-time buyers, who will capitalise on flattened prices and extra incentives, combined with expected lower interest rates. "In the long term I expect prices to stabilise rather than rise dramatically as we have previously seen, particularly with the Government's aims to increase the number of homes to meet demand.

Sourcing: Your Mortgage

Mortgages News Archive

Lender withdraws sub-prime range

Nov 22 2007

Kensington Mortgages is to pull its entire sub-prime mortgage proposition to combat further tightening in global credit markets. The lender, whose products can only be accessed via a mortgage broker, specializes in providing loans to people who are self-employed, have irregular incomes or want to invest in buy to let. Until this announcement, it was also known as a specialist lender for those with previous credit problems.
Kensington will now focus its attention on prime business, but has also made some changes in this area. In addition to withdrawing a low-rate product with a �1,995 fee, the lender also plans to reduce its loan to values to 90% on prime mortgage products, 85% on buy to let and 80% on self-certification products. These new products will be available from Monday 26 November.

Sourcing: Your Mortgage

Important

We provide mortgage information on a 'non advised 'sale basis only. This means that we will ask you some questions to help with the selection of products and will provide you with details of mortgages available, but you will need to make your own choices on how to proceed.

We DO NOT charge you any fees for our sourcing services and we DO NOT receive any fees from the lenders or mortgage brokers we refer you to. You are under no obligation. The content of this website must not be taken or used as advice on the type of mortgage that is most suited to your needs. E1 Mortgages holds no responsibility for any advice given by the third parties, who may contact you. Please read our website terms of business for further information.