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Dallas is back, so is remortgaging!

by: Lea Karasavvas
  • 25/09/2012
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Dallas is back, so is remortgaging!
Its been a while since my last blog. Writer's block, a crazy mortgage market, kids teething, washing my hair - the reasons are numerous.

However, inspiration came my way when I sat down to enjoy the return of one of the greatest TV programs of our time – Dallas.

Okay slight exaggeration. Maybe it can’t claim that accolade, but it can claim the greatest set of eyebrows ever seen on TV.

Larry Hagman, aka JR Ewing, has returned with two new co-stars (eyebrow number one and eyebrow number two) and the show is back on our screens.

Something about JR’s scheming, Bobby Ewing still whispering every sentence and Sue Ellen having had so many face lifts her eyes are almost on the back of her head, has motivated me to come out and get blogging again.

Perhaps it is the flash cars, the tall skyscrapers in the opening sequence or the site of the horses running wild around one of the biggest areas of land ever owned by man that makes me think, you know what; money is out there! You just need to find it.

Lenders certainly seemed to have found it. The rates we have seen of late are simply sublime. NatWest went truly crazy leading the way with their five-year fixed deal and even after repricing, are still head and shoulders above everyone else.

Halifax got stuck in with a fantastic 90% range for 7-year fixed deals. Lenders seem to be having a go. Perhaps it was ‘Tescogate’ that triggered this?

The emergence of one of the most feared brands in the land now evident in our sector must have made many stand up and take notice. Whilst their initial offering was quite conservative, it didn’t take long for them get a little more aggressive.

With news that Precise are also joining the prime market with some fairly attractive deals means that price wars are rife and consumers can start saving a few pennies to invest in larger TVs to truly appreciate the splendour of JR’s eyebrows.

In HD they really are something. If you look hard enough you can even see them blowing in the wind as free as a middle aged man driving a red MG Midget in a country lane after a successful visit to Belgravia Hair Loss Centre.

But SVR hikes continue to hit our market. So, as SVRs go up, long term funds go down, and economic uncertainty remains, why are we not pushing the remortgage market more than ever? We have read the reports, lenders are mostly below their targets.

The Funding for Lending Scheme is working and we are approaching Q4 with more opportunity than we have seen for a while. We win. Our clients win. WE ALL WIN!

So, JR is back and cowboy boots are fashionable again. Get your spurs on, get your belt buckles enlarged enough so that you can receive a signal for Sky Sports on them and lets give it a final push for the final quarter folks.

If JR can come back, so can we.

TRUMPETS PLEASE…

Ba baaaaaaaa ba baaaaaaaaaaa ba baaaa da da daaa daaaa…

Lea Karasavvas is director of Prolific mortgage finance

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