funding for lending

funding for Lending, working or not ?

with overall interest rates being low, and many existing mortgagees benefiting from low repayments as a result of their variable rate deals, it is more than apparent that the mortgage market simply is not active as it should be, this has led to a number of injection techniques under or as a result of the ‘funding for lending’.

what are those techniques well here they are in no particular order.

 
mortgages up 30+ on 2 year fixed and 50+ on 5 year fixed’.

mortgages up 13+ on 90% deals.

mortgages up 4+ on 95% deals.

cost of mortgages up 0.01% on 95% deals

cost of mortgages down 0.12 on 90% deals.

cost of mortgages down 0.40 on 60% deals.

20% increase on 80% mortgage availability.

overall mortgage products up by 40

what of the governments much trumpeted ‘funding for lending’ being of help to homebuyers, well, depending on where you are in terms of income and availibility of mortgages, you are either a believer or not, as for me i believe.

recently a number of banks have started to if not return to the 90 % mortgages market, although it may not seem so to you if you are a first time buyer, that is in fact a very good sign for all looking to buy regardless of your position in relation to getting a mortgage, these changes may be to late for 2012 but you should hang in for more gains in .2013.


there are many low rates being advertised at the moment but closer inspection often reveals a high arrangement fee making it not worth the the time let alone your money, working out your overall cost across the time of the loan is crusial.