News
Good news for homeowners.
Jan 13, 2012
Homeowners are enjoying the cheapest mortgages on record thanks to historically low interest rates, new figures show.
On average people are paying £494 a month, a figure that represents just 15.4 percent of their take-home pay.
At the height of the credit crunch four years ago homeowners were forking out an average of £601 in monthly mortgage payments - or 20.5 percent of their take-home pay.
There was also good news yesterday for first-time buyers. The number getting their initial step on the property ladder increased markedly last year as banks became more willing to lend to those with only a small deposit.
Source : Daily Express page 1 - 13.1.12.
Typically a fee of £199 will be charged upon mortgage application but the exact amount of this fee will be dependent on your circumstances. Please contact us for full details.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Select Mortgages Solutions,
Regents Pavillion,
4 Summerhouse Road,
Northampton,
NN3 6BJ
Tel: 0845 22 42 162
Email: info@selectms.co.uk
SOL 504
Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Services Authority.
Regents Pavillion,
4 Summerhouse Road,
Northampton,
NN3 6BJ
Tel: 0845 22 42 162
Email: info@selectms.co.uk
SOL 504
Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Services Authority.
