Tag: John Charcol

Fixed-rate attraction continues to decline

Fixed-rate attraction continues to decline

The latest monthly mortgage index from mortgage broker, John Charcol, shows the proportion of homeowners borrowing at fixed-rates falling in October, to 26.3%. The ratio compares with a peak of 83.1% in June and confirms that borrowers have gradually been convinced that low interest rates are here to stay. The firm’s spokesman, Drew Wotherspoon, says [...]

November 19, 2009 | 0 Comments More
Variable rate mortgage stages comeback

Variable rate mortgage stages comeback

Mortgage borrowers are becoming less fearful of interest rate rises and opting for variable rate loans in larger numbers. July figures from John Charcol show that while fixed-rate deals retained their popularity, variable-rate mortgages, such as tracker or discounted loans, made up 35% of all mortgages arranged through the broker, compared to 17% of the [...]

September 1, 2009 | 0 Comments More
Homeowners seek peace of mind in fixed-rate mortgages

Homeowners seek peace of mind in fixed-rate mortgages

Many homeowners are opting for peace of mind over cheaper monthly repayments, an industry expert noted this week. Jacqueline Thornton, financial planner at Re-Financial Planning, said most homeowners are choosing fixed-rate mortgages rather than saving money by moving to a lower-cost standard variable rate (SVR) deal. Mortgage broker John Charcol recently reported 83% of its [...]

August 21, 2009 | 0 Comments More
Homeowners pinned down by shrinking equity

Homeowners pinned down by shrinking equity

The housing market downturn has left up to 3.5 million Britons unable to move, according to research from John Charcol. The mortgage broker estimates that one third of UK households with residential mortgages are stuck in their properties because falling prices have eroded the amount of equity they hold and restricted access to mortgage finance. [...]

August 16, 2009 | 0 Comments More
Fixed rate popularity sees June peak

Fixed rate popularity sees June peak

Last month saw homebuyers and remortgagers opt for fixed-rate loans as never before. According to mortgage broker, John Charcol (JC), the proportion of customers choosing fixed-rate deals rose to a record 83.1% in June and the firm’s mortgage activity monitor also showed the average take-up at 81.2% over the past four months. However, the broker [...]

July 23, 2009 | 0 Comments More
Sharp increase in house purchase activity

Sharp increase in house purchase activity

John Charcol claims there has been a “sharp increase” in house purchase activity so far this year year. The broker says that in May, mortgage applications for house purchases were higher than for remortgaging for the first time since 2007. The firm’s Monthly Mortgage Index shows that business connected to house purchases hit 53.4% last [...]

June 19, 2009 | 0 Comments More
First time buyers treble in 2009

First time buyers treble in 2009

First time buyers are taking advantage of plummeting house prices, according to figures released this week by mortgage experts John Charcol. A fifth of mortgage applications during the first four months of 2009 came from first time buyers - an increase of 350% compared to the final four months of 2008. A significant proportion of [...]

May 26, 2009 | 0 Comments More
Fixed-rates may go no lower

Fixed-rates may go no lower

John Charcol is advising remortgagers and first-time buyers to consider taking out fixed-rate loans. A number of lenders have lowered fix-rates this month but according to the mortgage broker, the trend could soon reverse and today’s relatively attractive offerings will disappear. The firm explains that gilt yields for maturities of five years or more have [...]

March 26, 2009 | 1 Comment More
Remortgagers urged to make haste

Remortgagers urged to make haste

Mortgage broker, John Charcol, is urging homeowners coming to the end of their fixed-rate mortgages to find a new deal as soon as possible. According to the firm’s senior technical manager, Ray Boulger, borrowers should start investigating their options six months before their current deals expire. The financial turmoil of the past three weeks means [...]

October 7, 2008 | 0 Comments More
Remortgagers opt for longer mortgage terms

Remortgagers opt for longer mortgage terms

John Charcol has reported that increasing numbers of homeowners struggling with higher interest payments are opting to extend the terms of their mortgages to reduce monthly repayments. According to research by the mortgage broker, between 10% and 15% of borrowers who have remortgaged in the past two months extended the lifetime of their loans, or [...]

July 14, 2008 | 0 Comments More
New mortgage deal round up

New mortgage deal round up

A number of lenders have launched new mortgage deals this week. Leeds Building Society has introduced a five-year fixed-rate loan at 5.99% and with no higher lending charge. Maximum loan-to-value ratio is 80% and 10% capital repayments are allowed each year without any penalty charge. Interested parties can apply via the lender’s branches, online, or [...]

July 10, 2008 | 0 Comments More
Abbey and Nationwide top best-buy tables

Abbey and Nationwide top best-buy tables

Mortgage broker, John Charcol, has published its latest best-buy tables, which are headed by Nationwide and Abbey. For fixed-rate loans, Nationwide’s two-year deal gained prominence, charging 5.95% and reverting to 6.49% at the end of the fixed period. A fee of £599 applies. Abbey’s discount and tracker mortgages also appear high on the list with [...]

May 23, 2008 | 0 Comments More