Are new tracker mortgages good or bad

Over the last few months and again today I’ve seen new tracker mortgages being pushed by lenders here in the UK and it got me thinking about the current mortgage market and if these products are a good or bad thing if I had to remortgage right now?

I’ll use an example of a 2 year base rate tracker mortgage, this is an actual mortgage on offer in the UK but I won’t say which lender it is. The interest rate tracks the Bank of England base rate (at the moment this is 5 per cent) and you pay +0.98 per cent on top. So if you took out this mortgage today you’d be paying 5.98 per cent interest.

CUstomers can borrow up to 75 per cent of the value of their property and there is a 999 arrangement fee, which is fairly cheap in comparison with other fees around.

Firstly I must say it’s good to see a fairly competitive interest rate with the added benefit of a reasonable product arrangement fee. I say ‘reasonable’; personally I think mortgage fees are a rip off becuase the lender is providing mortgages to people every day, at the very least I think there should be a cap on mortgage fees. However, in today’s market a fee under 1,000 is a good start.

It’s also quite a warning sign for me that all the tracker mortgages seem to have competitive interest rates and low fees at the moment, compared to fixed rate mortgages. I say this because industry experts are predicting interest rate rises in the coming months, on-one knows when exactly of course but I’d say interest rates will rise again before the end of 2008.

This means that everyone taking out a tracker mortgage now will end up with higher monthly payments by the end of the year. It seems like lenders may be trying to attract new customers with the low fees and relatively low interest rates of a tracker mortgage rather than a fixed rate mortgage. No wonder the fees and interest rates of fixed rate mortgages are increasing – lenders don’t want people to take out these products so they’re pricing consumers out.

One thing is for sure though, everyone has a choice when it comes to mortgages.

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Estate Agents in Glasgow

Property dealing is a major business in Glasgow and there are a lot of estate agents Glasgow engaged in property dealing in Glasgow.

Slater Hogg Estate agents are the biggest property dealers in Glasgow. No matter what kind of property solution is needed by you, there is a perfect solution for you if you go to Slater Hogg Estate agents. They are the biggest estate agents nationwide and considered to be the biggest property dealers.

When it comes to selling of any major or minor property anywhere nationwide, then there is a solution for you with the real estate agent. The real estate agents Glasgow also provide you with a solution if you are looking to put your property into mortgage. They scour the whole property market to find the best deal for their clients. Not only selling and mortgage of properties, they are also specialized at auctions. Buying a property in an auction may save a lot of money and a good deal can be provided to the client. Conveyancing is another major function of the Estate agents Glasgow. The highly experienced and seasoned surveyors can help potential purchase or sale of the properties of the client. The experienced surveyors are also helpful in determining of the right valuation of a property in an auction.

The experienced surveyors at the estate agent office also prepare Home Reports. Home reports are survey questionnaires which are to be filled up generally for a successful and decent deal while buying or an auction of a property.

Not only while selling or buying of a property, an estate agent also helps a client to rent a property may it be for domestic or for commercial purposes. Throughout UK, they have a large network of flats, apartments and individual houses for rent. So, if you are looking for a rented house for a short period of time or for long period, all options are available with the estate agent surveyors. Not only are these, the estate agents also providing holiday homes throughout UK. And the best part is that the holiday homes are available in all nooks and corners of the country and suiting every budget.

Apart from the above functions, there are a number of researches and market intelligence gathered by the Estate agents Glasgow. They have such a grip of the property market throughout UK that they have a fair idea of the valuation of the property whether it is a domestic one or a commercial one. The estate agents go an extra mile to serve their clients and provide them value addition. When a client’s property is to be put in sale, they don’t leave it to fate. Instead, they do proper marketing like advertising in newspapers and websites.

Steve Mich is the author of this article and writes about Law news and other matters. For further details about immigration lawyers please visit the .

All about Flexible Mortgages

Flexible mortgages were first introduced into the UK to cater for individuals with flexible working patterns. Flexible mortgages are a recent addition to the mortgage market in the UK, although they have been popular overseas for several years.

The initial target market for flexible mortgages were people who have irregular working patters such as the self-employed, and people who receive irregular payments such as bonuses and commissions.

Typical features of flexible mortgages include, overpayments, underpayments, drawdown of overpayments made, additional borrowing facilities, and no (or low) redemption penalties.

In addition to the features that allow for flexibility with payments, the interest on flexible mortgages is calculated on a daily basis. This can result in massive savings to the borrower and can significantly reduce the term of the loan.

For this reason flexible mortgages have become popular with people in all types of employment who are looking to pay off their home sooner. While the initial target market of flexible mortgages may have been the self-employed, people from all walks of life are now reaping the benefits from this new type of mortgage product.

Interest rates are generally higher on flexible mortgages than for traditional mortgage products to counter the increased risk of the borrower not repaying the full balance of the loan by the end of the term. The flexibility of flexible mortgages allows for this to happen.

Some flexible mortgages can also be linked with current accounts, chequebook facilities, debit and credit cards, unsecured loans, and offset accounts.

One popular type of flexible mortgage is the offset mortgage. An offset mortgage will offset any positive balance of funds in a bank account held with the same lender, in order to reduce the amount of interest payable.

Another type of flexible mortgage that has become popular in recent years is the current account mortgage. Flexible mortgages of this type combine the mortgage with a current account and credit card facility in order to streamline the borrower’s banking facilities. Flexible mortgages of this type are sometimes referred to as a -line of credit-.

Flexible mortgages of all types have been gaining popularity in recent years and should continue to do so as lenders find new ways of satisfying a widening array of customers’ needs.

If you are interesting in flexible mortgages, contact an independent mortgage adviser to receive unbiased, expert advice.

Visit UK Mortgage Source to search for an independent mortgage broker who can provide expert Mortgage Advice on the entire UK mortgage market

Stylish And Affordable Apartments In London

Searching for apartments in London? Worry no more your search ends here. Read this article and know everything that you wanted to know about apartments in London but did not know where to look for them. There is a long list of London accommodation equipped with the best-in-class luxury and comfort in a price range suiting your pocket.

Most of these Apartments in London are fully furnished and come with satellite television, air conditioning, luxury well-equipped kitchens and other elements of luxury and comfort that you can think of. Thoroughly serviced and cleaned at regular basis, these London serviced apartments are in the best of locations and ensure physical proximity to shops, malls and recreation centres. Catering to the needs of tourists and business travellers alike, these London serviced apartments would indeed become the ideal choice for many.

Starting from studios and one bedroom to spacious family suites equipped with all luxuries, these apartments in London come as self-sufficient homes and ready-to-move-in. These London apartments ensure all the contemporary amenities like designer living spaces and trendy bathrooms. Get the feel of Italy or the ambience of some traditional European city while sitting in one of these London apartments. Towels and linen, toiletries, tea, coffee, sugar, fruits and milk you get all in many of these self-sufficient homes. The luxurious ones also include the sophisticated showers, Jacuzzi bath and rooms with marble floors. Depending upon your needs and stay periods, these London apartments are offered both on long-term and short-term basis. The payment modes much like London hotels are user friendly and do take into account the convenience of customers.

Most of these apartments in London or hotel rooms however, prefer payments in UK Pounds. But they also accept Euros and US Dollars. The rates are typically based on nightly basis, but they also occur on pro-rated basis depending on longer or shorter stays. The rates follow the market standards and fluctuate according to the rule of demand and supply. Most of the London apartments ask for the payment at least thirty days in advance. The check-out time for most of these apartments is 11am while usually 2:00pm is the check-in time for a London accommodation. Another point of caution is that all apartments or London hotels do not offer a 24 Hour facility for Check-In. So do a slight research by visiting sites such as www.londonchoice.com before actually getting in into these London apartments. Plan your official visit or holiday in a manner that suits these timings.

Serviced Apartments Manchester Offer More Space, Flexibility Than A Hotel Room.

serviced apartments Manchester,Medlock Apartments are Manchester based company becoming proficient in luxury serviced apartments in Manchester. Medlock Apartments have the ideal range of serviced apartments in Manchester to provide for your needs, whether you are coming to Manchester for business or leisure. An ideal cost effective to hotels Manchester are Medlock luxury serviced Apartments. With serviced apartments now dominating the accommodation market in Manchester, Hotels Manchester has now become a thing of the past. Serviced apartments Manchester offer more space, freedom, flexibility and privacy than a hotel room.
We are the premier serviced apartments booking specialist for Manchester, London as well as for many more locations across the UK.
We can offer you a choice to a good service apartment .many of our apartments booking for online. we can also offer you a personal booking serviced apartments in Manchester.
We maintain our own serviced apartment in Manchester, Dubai and Montego. We also have the small houses in Manchester and all necessary facility in our own apartments such as including in high speed internet, sky/cable, and plasma screen TV many more which you need in daily life. We specialize in serviced apartments, hotels Manchester and town houses in Manchester.
Service apartments are becoming more and more popular so I have some most of luxury apartments which have perfect for short term stay for business and other activities.
We can also help our clients to achieve good and comfortable apartments. There prices are negotiable for a short term booking and long term booking. Whether you are traveling on bus for some shopping to go to a shop after some shopping you feel tried then our apartment are best and comfortable to take some rest and complete your all requirements. We welcome to our customer for business, partying, entertainment and relaxing in serviced Manchester apartment.
Perfect solutions with you are corporate accommodation and luxury holiday accommodation. High luxury furnitures are available in all of our apartments and hotels Manchester.
Do you know my serviced apartments in Manchester offers are the same or even better services and amenities you would find at a best hotel? Because many business are finding best hotel accommodation for their employees in high end furnished apartments in Manchester on a short term basis, we have prove that to our high quality furnished, high quality apartment, profession services and friendly staff giving you a home environment and you feel like you are in your home. We are committed to providing you a quality furnished place that will be pleasant to return to after a hard working day and feel like you are still at home. My service apartment and hotel are very popular in Manchester city because they provide much more value and more privacy as well as home-like feelings.

month payday loans Avail quick cash mortgages

month payday loans provide immediate cash to the UK people. These mortgages are provided when need the most. One can fulfill their urgent needs easily without any hurdles and hassles by applying them. Many times unexpected expenses come and make the budget unbalanced.

The amount that one can avail from these mortgages ranges from 100 to 1500 with the repayment term of 14 to 31 days on the basis of income and repayment. These are short term mortgages and fulfill the emergency needs of the individual. Because of their unsecured nature one can get the cash but without pledging the collateral. This makes the mortgage risk free for the borrower. Before availing this amount one has to fulfill some eligibility criteria:

Applicant must attain the age of 18 years or above;

Applicant must be a domiciled of UK;

Applicant must possess a valid bank account in UK;

Applicant is doing a regular job and earning a 1000 per month.

Bad credit holders can also avail the 6 months payday loans. Due to arrears, defaults, bankruptcy, late payments, insolvency, missed payments, CCJs, IVA, foreclosures, etc. a person can form a bad credit score. Applying through online mode is the best way to get the cash without any formalities. Formalities like faxing of the documents, lengthy paper work. Rate of interest here is a bit high due to the lack of security. Repayment term is also flexible. So there is no reason that why a person would not take the finance after knowing its numeral features.

6 months payday loans can also be availed by online mode which is fast and convenient. This service is hassle free and less time consuming. Borrower can get the fast cash within 24 hours of application by providing some basic details on the online application form. Lender will directly credit the amount into the borrower’s account. By applying for these mortgages one can get the cash without any delay.

Janice Henderson is working for Payday Loan in the UK as an expert advisor. She writes articles on Payday loans which provides useful information ot the consumers. To find 6 months payday loans, unsecured loans, unsecured personal loans, instant unsecured loans, cheap unsecured loans for more please visit-