Millionaire Mansion
Author: Dot Piper
In some ways it's best not to be a millionaire. Honestly.
- Rate Tarts No Longer Welcomed By Mortgage And Credit Card Providers
- Mortgage lenders are taking steps to reduce the number of people switching their mortgages. This article looks at the situation.
- Mortgages. Big changes in the buying and selling of houses.
- In mid summer 2007 everyone who wants to sell a property will have to prepare a Home Information Packs before they put it on the market. This article explains what the Packs will have to include what they'll cost - and whether we expect them to work!
- Getting the Best Mortgage Loan With a Bad Credit Rating
- Sorting a mortgage out can be stressful, especially if you have a poor credit history. This article provides some useful advice
- Dont Overstep the Mark
- A healthy deposit is the way to attract the attentions of lenders, when it comes to asking for a mortgage. Show them you can afford it!
- Refinance home distilling cash by renewing home loan
- Every year many people refinance their mortgage. Why and what to look out for.
- Buy to Let Mortgages. Boom time returns.
- Buy-to-let mortgages are booming again. What's changed and what, as a new landlord, do you need to look out for?
There has been an immense increase in the property market for homes valued at £1m plus, according to Land Registry figures. This demand is in some part explained by the excellent growth in the stock market, combined with an outstanding City bonus season.
This has not caused the avalanche of lenders which you might expect. Many of them are exercising a degree of caution when it comes to the more affluent mortgage seeker. Surprisingly, the really good deals go to the smaller borrower. There is the launch of a headline making, spectacular, never to be beaten, amazingly low mortgage quotations , which sounds too good to be true. In reality the amount of money which lenders have available at this rate will be very limited and certainly not available for large loans. Also, bigger is not always better, and many lenders would prefer to lend 10 borrowers £200,000 rather than one loan of £2m, in order to spread the risk.
It is, however, beginning to get easier to find lenders willing to fund the loans on houses valued at £1m or more, as the number of properties in these price brackets rocket. Recent figures from the Land Registry show a massive increase in the number of houses sold for more than £1m.
Today's Tip
If you want a cheap car insurance quotation then make sure that you get some quotations from car insurance brokers. Brokers automatically compare prices from the various insurance companies and offer you the best deals. And remember that cheapest is not always best always check out the details of the cover for example, whether a courtesy car is provided if your car is being repaired and whether legal assistance or windscreen cover is included. You also need to check out the excess on the policy.
Did you Know?
If you smoke, the cost of your life insurance will be about double. And it's no use just giving it up a few weeks or months before you apply. Most life assurance companies say you mustn't have smoked for a least 12 months prior to the application and some insurers extend this to 5 years!