Bank of England governor Mervyn King has hinted interest rates may rise in May, with further increases possible by the end of the year. Contact us now and let us monitor your mortgage rate and remortgage options.
Intermediaries played a pivotal role in the mortgage market last year and were responsible for introducing two thirds of first-time buyer mortgages and over half of home mover loans and remortgages. PMS are independent and whole of market with no fee charged in the vast majority of cases. Visit http://www.mortgageadvisor.me.uk for more info.
First-time buyers now account for less than a quarter of all potential house purchasers in the UK, with many regions seeing proportions drop to a fifth or less, according to Rightmove.co.uk.
The Options Mortgage is a 5 Year Base Rate Tracker product that comes with a Switch and Fix facility. The Switch and Fix facility allows borrowers to switch to an available Skipton fixed rate mortgage at any point during the tracker period without having to pay the Early Redemption Charge on the tracker product.
New Conveyancing service launched by Professional Mortgage Services
2 year fixed rate at 2.95% with free legals and free valuation. £699 arrangement fees, 60% Loan to Value.
Professional Mortgage Services continues to provide independent whole of market advice on a fee free basis through these recessionary times.
Professional Mortgage Services has teamed up with Title Absolute to provide online conveyancing quotes at the best prices available. The services enables the customer to enter the details of the transaction whether it be a purchase, sale or remortgage and details of any mortgage being arranged and receive back an instant quotation within seconds. http://www.pmservicesconveyancing.co.uk/
AVM’s for short, the latest use of technology to hit the mortgage industry. AVM’s is a computerised database system that provides instant electronic valuations on residential properties which in the vast majority of cases can mean that no physical inspection of the property is necessary. This in turn has led to lenders such as GMAC & Edeus being able to issue binding mortgage offers on the same day as applying and often within 30 minutes. The future looks set for the use of AVM’s to grow as more lenders turn to this technology. Hometrack are a leading provider of AVM’s.
Professional Mortgage Services can now offer advice on equity release and lifetime mortgages.