Category Archives: Mortgages

As you get older the idea of having your own home may become more appealing to you. Perhaps you have rented and leased rooms and houses your whole life, and have now come to prefer something different. Or perhaps you have a house, but want to upgrade to something bigger and better for your retirement. There are a variety of reasons a 50 year old person or someone older may want to get a mortgage on a house, and it is possible to get one. Unfortunately it gets harder after you reach a certain age to get a mortgage, but…

Information that has been released by the Bank of England indicates that the number of mortgage applications that are being approved by lenders are on the rise.

In July of this year, 49,239 new mortgage applications were approved by the various mortgage lenders. This figure was 3% higher than in June 2010 and the figures have now been rising for three consecutive months.

These figures represent approvals and not actual lending – many of the successful applications have not yet received the money or completed that purchase of a property.

Some experts are suggesting that the increase in mortgage approvals…

A recent survey has suggested that surveyors are still showing pessimism in the housing market.

The survey also indicated that estate agents were only able to sell an average of 14.2 properties last month, the lowest figure for 2 years. Furthermore, there has been an increase in the average number of houses on an estate agents books from 69.7 houses to 70.2.

The housing market has been been slow for a while, and the figures for July show that house prices have fallen slightly. According to a survey from the Royal Institution of Chartered Surveyors (Rics), the majority of surveyors…