Personal Finance and Money Management

The Mortgage Works has introduced a new range of products aimed at buy-to-let customers.

The lender has made 70 per cent loan to value (LTV) mortgages available throughout most of its range, while a two-year stepped tracker starts at 4.14 per cent greater than the base rate in the first year, dropping down to 2.14 by cent above it in the second year.

According to Tracie Pearce, strategic product marketing manager at The Mortgage Works, the mortgages offer choice and flexibility.

She said: “These products are unique to the buy-to-let market, designed to help landlords budget against potential Base Rate increases.”

Godiva also recently brought out some new buy-to-let products, again offering LTVs of up to 70 per cent, with booking and arrangement fees of 1,050.

A Flexx because Term product offers a lowest rate of 4.49 per cent while a two-year fixed mortgage at 4.74 per cent on a 60 per cent LTV, previously only available to remortgage customers, now also applies to purchases. Full Article

There is a very good chance that we could see mortgage interest rates start to move higher over the next few weeks as the 10 year treasury rate yield looks to be uptrending again.  The 10 year yield briefly broke below its 50 day moving average but has seen move back above it and has started another uptrend.  For the entire year of 2010 the 10 year yield has been consolidating to moving sideways which has kept mortgage rates low.

Now that the 10 year yield looks to be moving higher again there is a possibility that the 30 year fixed mortgage rate is going to trouble well higher than 5%.  The last time we saw the 10 year treasury rate yield get close to 4% we saw 30 year fixed mortgage rates around 5.6%.  N

Full Article

Many analysts are pondering if low FHA mortgage rates and the first time home buyer tax esteem extension is helping the overall housing market.  There is very little argument that can be made that mortgage rates are very close to an all time low.  The amount of refinancing activity has come down so some of the only individuals who are keeping the emporium active are first time home buyers looking to buy that first house.

The first time home buyer tax credit was extended until April 30th, 2010 but this has made some first time home buyers complacent.  Instead of rushing out and locking in to that low FHA mortgage rate they have sat back and waited for the right opportunity.  N

Full Article

Are your rift or water poster due, and your bank account empty? Many American are finding themselves in positions such as this month to month considered in the state of the economy continues to slump and unemployment continues to rise. However, there are a number of options of ways to get money to pay the bills in time.

First and probably most prevalent are Pay Day Loans. Getting a Pay Day Loan is a cheap way to get the money you need to pay your rent or your bills and return this money when you are able. Pay Day Loans often times do not require you to pay a large amount of interest unless you are impotent to pay the money back when you are asked to pay it back.

Full Article