- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Market "buoyant" on back of remortgage demand
Thu 24 Jan 2008 3pm
The large number of people choosing to remortgage their houses means that the UK home loan market is still in relatively good health, an expert has claimed.Peter O'Donovan, mortgage manager at financial advice firm Bestinvest, said that the strong demand for remortgages is keeping the sector "pretty buoyant", despite tightening conditions in the wider economy.
However, he also warned homeowners that remortgaging is becoming increasingly expensive because lenders are pushing their fees up and suggested that people seek advice before switching their home loan to another provider.
"A couple of years ago it was very easy to just swap one across for a couple of hundred pounds, whereas now the average fee is a thousand pounds, so it is very important that you know what you're doing," Mr O'Donovan explained.
He added that both remortgagers and new homebuyers should make sure they "understand exactly what it is they are entering into" before making any financial commitment.
A recent study by Abbey claimed that property owners could be wasting £5 each day by choosing an unsuitable mortgage.
