http://www.mwgb.co.uk/blog Impartial Independent Mortgage Advice Tue, 22 Jul 2008 09:02:00 +0000 http://backend.userland.com/rss092 en The answer is, unsurprisingly both “yes” and “no”. Let us explain; Self certification of income is perhaps one of the most misunderstood aspects of all where mortgages are concerned. Self certification does not mean that no income has to be stated, and neither does it mean that any income which is ... http://www.mwgb.co.uk/blog/is-%e2%80%9cfast-track%e2%80%9d-self-certified/ Well, that’s what it feels like at the sharp end. Yesterday, the housing minister Caroline Flint announced a package of measures designed to rescue the UK's failing housing market. Central to her proposals is a rent now buy later scheme designed to help families and first time buyers save for a ... http://www.mwgb.co.uk/blog/let%e2%80%99s-play-fiddle-whilst-the-housing-market-burns/ The above question has been asked on a number of occasions recently, especially as some house price surveys indicate the market is almost in freefall and others indicate that prices are actually rising. A selection of the most recent figures available show that both the Halifax and Nationwide house price ... http://www.mwgb.co.uk/blog/why-is-there-so-much-confusion-concerning-house-prices/ Buildloan, the mortgage packaging arm of Buildstore have announced improvements to one of their most popular self build mortgage schemes. The scheme, which is run in association with The Mortgage Business (TMB) who themselves are part of the HBOS group, is a Self Certified Lifetime Tracker mortgage for self builders and ... http://www.mwgb.co.uk/blog/buildloan-announce-improved-self-build-mortgage/ Way back in time, those who thought they might want to buy their home would open an account at a building society, and start saving. After several years of saving, the account holder would apply to the same building society for a mortgage. The building society would judge the application ... http://www.mwgb.co.uk/blog/so-why-is-there-a-shortage-of-mortgages/ The Association of Mortgage Intermediaries yesterday published their Value of Mortgage Advice report in which they reveal that brokers could save consumers up to £1,830 every year. The research for the report was conducted by independent financial services market research company NMG, who were tasked with examining the difference in value ... http://www.mwgb.co.uk/blog/using-a-broker-saves-thousands/ The Royal Institute of Chartered Surveyors (RICS) has released figures which suggest the number of sales could fall by as much as 40% this year, and have also forecast that house prices will fall by approximately 5% this year. The figures seem to support the views of both us and other ... http://www.mwgb.co.uk/blog/rics-agree-with-us/ The Abbey have today announced the launch of a special three year fixed rate remortgage deal for those whose mortgage is less than 50% of the value of their home. Priced at 5.78% (cost for comparison 7%), the fixed rate remortgage deal comes with a free valuation and free remortgage legal ... http://www.mwgb.co.uk/blog/fixed-rates-start-to-fall/ Feeling a little more relaxed by a bank holiday which was not characterised by rain, I now feel able to approach this subject without the overwhelming desire to scream in frustration. Let’s face it, last week things got a bit silly. On the one hand, the website housepricecrash.co.uk was registered in ... http://www.mwgb.co.uk/blog/house-prices-and-the-credit-crunch/ In the last part of this guide, we will look at what happens after the valuation has been carried out. We will assume that the property “valued up” and no significant problems were detected. Mortgage Offer Following receipt of the valuation report, the lender will check that all other aspects of your ... http://www.mwgb.co.uk/blog/the-house-buying-process-%e2%80%93-a-guide-for-first-time-buyers-%e2%80%93-part-4/