What does the average mortgage broker do six times a month?
Interesting article, however I think you and I both know that the nose-diving remortgage market has absolutely nothing to do with the prolonged low interest rates whatsoever.
It is to do with the greedy lenders shoring up their books and profiteering from the very high spreads. If the bank base rate were to increase it would have no effect on the remortgage market at all.
The remortgage market will only pick up when the spreads decrease, which will not happen until money is more plentiful and a modicum of competition returns to the market. You may find a slight increase in remortgage activity as the years go by with very recent mortgages taken out well after the crash, as SVRs and the deals have been more expensive since then.
Mark Jackson
03 Oct 2012 | 14:05
Let’s not be sheepish about Welsh house prices
Dyna ffwrch o foi translated means a very well and amusingly written article.
Last post
04 Oct 2012 | 14:54
Nationwide first big lender to kill off interest-only
If it is only 3% of curent business as interest only, then why scrap it? I would suggest it has been a higher than normal level and it is causing an understandable risk.
Don’t mind what they are doing, it is the almost unbelievable figures being used that puzzle me!
Justin Moy
04 Oct 2012 | 15:50
Sorry, but I no longer believe any assertions that there is not a hidden hand at play here. FSA claim not to have the resources for individual registration, but they seem to be everywhere when it comes to dictating lending policy.
Stuart Duncan
04 Oct 2012 | 15:54
On Your Side? Presumably Nationwide’s new tag line will have to be amended to “Nationwide – We’re on your side! (unless you have an interest only mortgage, in which case we’re not!)
The Cynical Broker
05 Oct 2012 | 08:15
Celebs exposed in £1.2bn tax avoidance scheme
The same Anne Robinson who presents Watchdog, the programme that exposes people with dubious business dealings?
Broker Dave
05 Oct 2012 | 10:43
