Tuesday, January 26, 2010
UK mortgage approvals on the rise
But overall, mortgage approvals in 2009 were 27% lower than the previous year and the lowest since British Bankers' Association records started in 1997.
Some 45,897 home loans were approved for house purchases last month.
This showed the extent of the recent recovery in the mortgage market as it was double that of December 2008.
Gross mortgage lending by the High Street banks rose from £9.6bn in November to £10.2bn in December.
This was also 12.5% higher than December 2008, and was boosted - according to the British Bankers' Association (BBA) - by borrowers bringing loans forward before the stamp duty holiday came to an end.
The temporary stamp duty holiday on properties worth between £125,000 and £175,000 ended on 1 January 2010. It means buyers will again have to pay 1% tax on the value of homes worth more than £125,000.
According to the BBA, the level of those remortgaging remained low in December - at 23,480 - as people continued to choose to move to their lender's standard variable rate (SVR), rather than move to a new fixed-rate deal when their term came to an end.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: home loans, mortgage calculator
Friday, October 23, 2009
Home loans owners pay 70 per cent more for mortgage payment protection insurance
Rising unemployment means companies offering mortgage payment protection insurance have increased their prices sharply during the recession to account for a greater number of claims.
It means the average monthly premium for those looking to buy a new policy has jumped from £12 to almost £22 in just over a year, or an annual increase of £120.
It comes after the City regulator the Financial Services Authority announced that providers have agreed to pay back £60 million to existing MPPI holders who have suffered any increases in premiums since the beginning of the year.
It said 2.1 million customers have the polices, of which half have seen price rises since the beginning of the year.
Rising unemployment has made MPPI policies attractive to home owners who are concerned about losing their jobs and being unable to pay their mortgage.
Unemployment continues to rise amid the longest recession since 1930s. It jumped to 2.47 million, up 88,000 from the three months to May 2009 and up 677,000 from a year earlier.
Economists said unemployment will surpass the three million mark, matching the job crises seen in the 1980s and 1990s recessions.
Labels: home loans, Loan calculator, mortgage calculator, unemployment
Monday, October 19, 2009
Home loans face tighter application red tape
Self-certification mortgages will be banned under the proposals with lenders required to verify borrowers' incomes.
FSA chief executive Hector Sants said that some people who were able to get home loans in the boom would no longer be able to under the proposed rules.
The industry will have until 30 January 2010 to comment on the plans.
The FSA, in its mortgage market review, has outlined a series of proposals for increasing regulation in the mortgage market.
All borrowers will have to show they have sufficient spare income to finance the repayment of their new home loans.
However, the FSA drew back from any ban on 100% mortgages, or any limit on loan-to-value levels. There was also no ban on loans over a certain multiple of borrowers' incomes.
However, it did not rule out such caps in the future, if the initial proposals failed to have a "sufficient effect".
"In the past, the prevailing regulatory philosophy was definitely based on the notion that banks would behave properly and not put themselves at risk and not put consumers at risk," he said.
"I think we just have to recognise that both firms and indeed consumers just don't always make the best decisions. They don't always act in their their best interest or indeed in the best collective interest of society. So we need a new approach to regulation."
Labels: consolidate debt loans, home loans, mortgage calculator
Thursday, October 15, 2009
Buying a London home needs £93,000 wage
The research by the National Housing Federation, which represents 1,200 housing associations, puts the average house price in London at £362,000.
A single buyer would require the near-six-figure income to get a 90% home loan at 3.5 times their salary.
The average wage in London is £26,000, while overcrowding rates are 2.5 times the national rate, the report said.
The Housing Federation's Belinda Porich said: "Even by London standards, these are astronomical prices and many people - especially young, first time buyers - can only dream of owning a home.
The report claims 353,000 families are currently on social housing waiting lists, while more families became homeless last year than new homes were built.
Nearly 7% of houses in London are overcrowded, the authors added.
Labels: home loans, inflation, interest rates, mortgage calculator, UK loans rates
Monday, October 05, 2009
Britons pay off £7bn of home loans, says Bank of England
Recent falls in house prices and the economic downturn have put people off taking money out of their property, leading to equity withdrawal being negative for the fifth quarter in a row
The rate at which people are repaying their mortgages is broadly similar to the first quarter of the year, when home owners made net mortgage repayments of £7.3bn, according to the Bank of England.
Home owners' focus on paying down their mortgages is in stark contrast to previous years, when people released equity from their properties to fund large purchases.
While people's focus on paying off their debts may be more prudent than tapping into their housing wealth to supplement their spending, it is bad news for beleaguered retailers.
The figures show that households spent the equivalent of 2.9pc of their post-tax income on reducing their mortgages. The latest figures are a far cry from the record £17.09bn of equity that was unlocked during the final quarter of 2003.
Equity withdrawal enables home owners to cash in on rising house prices by increasing their mortgages to convert some of the rise in the value of their home into cash. The money is typically used to fund big purchases such as cars or home improvements, or for debt consolidation.
But while people feel confident about increasing the size of their mortgage debt when house prices are booming, they are far less inclined to do so when they are falling and unemployment is rising.
House price falls of more than 20pc since the market peaked in July 2007 also mean many people no longer have sufficient equity left in their property for them to withdraw, even though house prices rose for the fifth month in a row in September, according to new figures from Nationwide Building Society.
The credit crunch has also led to banks and building societies tightening their lending criteria, making it more difficult and expensive for people to extend their mortgage, particularly if they have only a small equity stake left in their home.
Labels: Bank of England, consolidate debt loans, credit crunch, home loans, Loan calculator, loans, mortgage calculator
Thursday, October 01, 2009
UK mortgage lending increases- Bank of England
Net mortgage lending – which strips out redemptions and repayments – climbed by £1 billion in August from the previous month to £1.227 trillion, according to the Bank of England.
The figures also suggested that the number of mortgage approvals for those buying a new home remained steady at 52,317 in August, marginally down from 52,404 the previous month.
Numbers remortgaging also fell – but more markedly to 29,000 in August, down from almost 34,000 in July.
Labels: Bank of England, mortgage calculator, UK loans rates, uk recession
Monday, September 14, 2009
House prices will take five years to return to peak
The recent rise in property values is a “false dawn” that will not last beyond spring, Hetal Mehta, Item’s senior economic adviser, said. In a special report released today, Item predicts that homeowners are in for a drop in prices in next year’s first half and then two years of stagnation.
The housing market is sicklier than many think because several fundamental problems have not been solved. First-time buyers are continuing to find it very tough to get on the ladder, banks are reluctant to lend and many homeowners are trapped in negative equity and do not want to crystallise losses, Item said.
Would-be buyers would also be inhibited by a lack of attractive mortgage offers, Item believes. Although banks have promised to increase lending to mortgage customers, a greater priority is shrinking their balance sheets by reducing lending, it said. Mortgage availability was slightly up amid a plethora of funding packages created by the Government, but will stay very restricted, according to Item.
Labels: home loans, interest rates, mortgage calculator, unemployment
Wednesday, September 02, 2009
International Finance and Mortgages through Loans Calculators
We have helped thousands of people to arrange their mortgages in over 45 countries by working closely with overseas lenders and property professionals helping you to buy your property, whether this is for your own personal use or for investment purposes.
Our experienced teams of specialists ensure that every step of arranging your mortgage is handled promptly, efficiently and professionally. Fully independent, we can give you a free pre-application mortgage calculation to help in your search for a property.
. New countries continually added to mortgage portfolio
. In-depth local knowledge of all documentation required for various lenders, leading to faster mortgage offers. Use of extensive database of all relevant professionals, such as lawyers, surveyors, currency exchange and offshore company formation experts
. Competitive and exclusive lending terms
. Partnerships with expert companies that can support every step of the overseas property purchase
For more information on finances in your chosen country and to find out how much you can borrow, please explore the links below:
International Finances Services- about our service companies
We can provide you with information on different methods by which you can raise the deposit for your overseas property. The choice will depend on your financial circumstances, and will be linked to your income, assets or both. You can make these arrangements using Conti or Anchor Mortgages, our own UK specialist, or through your own sources.
We have partnerships with two UK based international law firms which, between them, are represented in every one of the countries where we provide mortgage products. This ensures that your application and purchase are dealt with by lawyers entirely familiar with the legal processes in the country concerned, and that you have a tried and tested resource to guide you - who also speaks your language!
Buildings insurance for the building you are purchasing will normally be a requirement of any mortgage offer. We can direct you to intermediaries who specialise in providing insurance for both Buildings and Contents in all the countries in which we operate. The policy will be provided in the UK, written in English, and by an insurer regulated in the UK by the Financial Services Authority.
Part of the mortgage process may involve setting up a bank account in the country where you are purchasing, and it will be in your interests to obtain the best possible exchange rates into the local currency. We have a facility with one of the biggest Currency Exchange companies in the UK to assist you with this.
For more information on finances in your chosen country and to find out how much you can borrow, please explore the links below:
Labels: home loans, Loan calculator, loans, mortgage calculator
Friday, August 07, 2009
Refinance Mortgage for self employed and people with bad credit histories
Refinance Mortgage- If you are looking for a remortgage for any purpose you've come to the right place.
We are confident we can provide you with a competitive quote for your remortgage. You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Mortgage Finance- If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages? Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: consolidate debt loans, home loans, Loan calculator, mortgage calculator, refinancing rates
Wednesday, August 05, 2009
Mortgage Refinance for the self employed and people with bad credit histories
Mortgage Refinance- If you are looking for a remortgage for any purpose you've come to the right place.
We are confident we can provide you with a competitive quote for your remortgage. You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
For UK mortgage holders looking for a fast online mortgage calculator MORTGAGE REFINANCE, APPLY NOW please click here now
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Mortgage Finance- If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages? Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, mortgage calculator, refinancing rates
Tuesday, August 04, 2009
Mortgage Interest Rates for the self employed and people with bad credit histories
Mortgage Interest Rates- If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages?
Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
For UK mortgage holders looking for a fast online mortgage calculator MORTGAGE INTEREST RATES APPLY NOW please click here now
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Any Purpose Remortgages If you are looking for a remortgage for any purpose you've come to the right place. We are confident we can provide you with a competitive quote for your remortgage. You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, mortgage calculator, UK loans rates, uk recession, US mortgage rates
Monday, August 03, 2009
Mortgage Calculator for the self employed and people with bad credit histories
Mortgage Calculator- Any Purpose Remortgages 
If you are looking for a remortgage for any purpose you've come to the right place.
We are confident we can provide you with a competitive quote for your remortgage. You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
For UK loans seekers looking for a fast online loans calculator MORTGAGE CALCULATOR APPLY NOW please click here now
For UK mortgage holders looking for a fast online mortgage calculator APPLY NOW please click here now
House Purchase Mortgages- If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages? Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, mortgage calculator, UK loans rates, US mortgage rates
Wednesday, July 08, 2009
Mortgage Loans for self employed and people with bad credit histories
Mortgage Loans-If you want to purchase a house and you’re looking for a mortgage why not take a look at our house purchase mortgages?
Our team of advisors will help you to select the best mortgage from our range of lenders to suit your individual circumstances.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored-in to our mortgage search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable house purchase mortgage available to suit your particular circumstances.
Once we have all the details, your house purchase mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay. If you need a mortgage for your house purchase urgently you may like to consider a taking out a bridging loan to ensure your house purchase can go ahead quickly.
For UK mortgage holders looking for a fast online mortgage calculator APPLY NOW please click here now
For UK loans seekers looking for a fast online MORTGAGE LOANS APPLY NOW please click here now
Self Certification Mortgages- If you’re looking for a mortgage and can’t prove your income, a self certification mortgage may be just what you need.
Self certification mortgages are ideal if you can’t prove your income. This may be because you are self-employed, a freelancer, contractor or seasonal worker, or you may be paid on a commission-only basis, be an un-salaried company director or you may have more than one source of income such as income from investments.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
Any Purpose Remortgages If you are looking for a remortgage for any purpose you've come to the right place. We are confident we can provide you with a competitive quote for your remortgage. You can use the money you borrow for any purpose and we will process your application quickly so your money can be made available as soon as possible.
You may want your loan for major home improvement work, a holiday, to pay school or university fees, to consolidate debts or to provide financial support for your children. Whatever you need to loan the extra money for we will be happy to listen.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Labels: home loans, Loan calculator, loans, mortgage calculator, UK loans rates
Thursday, June 25, 2009
Business Finance- an easy solution to your commercial requirements.
Should your overall position be sufficiently strong then we may be able to step outside these guidelines.
KEY AREAS OF INTEREST:
Commercial mortgages
100% Commercial Loans (With Extra Security)
Property development for land purchase & development
BTL (No rental calculation) up to 75% LTV
Agriculture commercial
Standard BTL 85% (with 125% rental calculation)
Healthcare commercial & care homes
Large Commercial Loans available at rates from 2% above BBR
Hotels & restaurants
HMO’s (House of Multi Occupation) up to 70% LTV
Retail & franchising
Student and rental accommodation
Please remember business finance do not have stringent underwriting criteria. All cases vary and one lender may look at one risk differently from another. If you are in any doubt please contact us today on 0845 467 0127 quoting Wise Money)
Or for UK loans seekers looking for a fast online loan calculator APPLY NOW please click here now
Not sure what to do? Simply complete the form for a free no obligation quote and you can talk through your alternatives with our trained advisors.
If you are looking for a mortgage, even if you have a poor credit history, come to us first to see what we can do. Your poor credit history does not exclude you from getting a mortgage or remortgage.
Even if your poor credit rating has meant you’ve had special terms imposed on remortgage quotes in the past, we have access to a number of suppliers of poor credit remortgages and have been able to help many customers with a poor credit rating to arrange a suitable remortgage.
If features such as no early repayment penalties, transfer flexibility, or payment holidays are important to you these will be factored in to our search. If these features are not important to you, our team of advisors will base the search on finding you the most suitable mortgage available to suit your particular circumstances.
If you’ve had problems finding a regular mortgage because you can’t prove your income please talk to our lenders about a self certification mortgage. We work with a number of suppliers who are happy to consider self certification mortgages. If this sounds like the type of mortgage you need talk to one of our advisers today to see what we can do for you.
Once we have all the details, your self certification mortgage will be processed as soon as possible to ensure your funds are available so you can complete your house purchase without delay.
For UK loans seekers looking for a fast online loans calculator APPLY NOW please click here now
Your loans can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive loans in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once yourapplication has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: Loan calculator, mortgage calculator, UK loans rates
Monday, June 22, 2009
Bad Credit Mortgage Refinance available for you now
If you have, or suspect you have been refused credit because of a bad credit history, we can still help. A bad credit history does not mean that you can’t get an unsecured bad credit loan. Every month literally 1000’s of people who have a bad credit history get granted a bad credit loan by using us.
* Bad Credit Mortgage Refinance are available to home owners
* Bad Credit Mortgage Refinance are available from £500 to £25,000
* Bad Credit Mortgage Refinance are available even if you have CCJ's, defaults, or a generally bad credit history.
For UK loans seekers looking for a fast online Loans Calculator APPLY NOW please click here now
For UK mortgage refinance fast online Mortgage Calculator APPLY NOW please click here now
Being refused credit or having a bad credit rating is nothing to be ashamed of and we won't judge you either.
We may still be able to arrange an unsecured Bad Credit Loans for you even if you've been turned down or refused credit many times.
A bad credit history is just that, history. So why not fill in our online form today for a free unsecured bad credit loan quotation and perhaps we can turn your bad credit history into a positive result.
We specialise in helping those previously refused by other companies and high street lenders. Finance for tenants, homeowners, and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
We even arrange loans for the self-employed and those who have difficulty in proving their income.
No matter what you need, experienced and friendly advisors will guide you every step of the way - so your loan application goes ahead quickly, easily and completely hassle free.
What is an unsecured bad credit home loan?
An unsecured bad credit loan is for people who have had problems in the past, and now have a less than perfect credit rating. An unsecured bad credit loan does not require you to use your property as a guarantee or security for the loan either. As it is unsecured, the loan offers a little more flexibility to the borrower that does not wish to put their home at risk.
Who are the loans for?
Unsecured Bad Credit Home Loans are in the first instance, best suited to those with a bad credit history who do not wish to secure the loan against their property. In the second instance, an unsecured bad credit loan is often the only option for people or tenants who suffer with a bad credit history and have no property to secure the loan against.
Who can apply for a loan?
The simple answer is anybody can apply for an unsecured bad credit loan, however in reality before an application can be processed your age and employment status are taken into consideration.
You may need to arrange finance for a new car, a well-deserved holiday, home improvements, to pay school or university fees, or to pay off credit cards or an overdraft.
Your finance can be for any purpose and your application will be processed quickly to ensure your monies are granted as soon as possible. Once your loans are granted you are free to spend the money on anything you wish.
As long as you are employed and you are over 18, you can apply. Please contact us today for a free no obligation quote.
Our lenders provide some of the most competitive finances in the UK. So if you’re looking for a help and you’re a UK resident why not ask for a quote?
At Wise Money we work with a number of different financial services providers. As a result we find that we are able to provide competitive rates and terms for a wide range of different personal circumstances.
You can choose between a secured or an unsecured credit and it can be for any purpose. All we ask is that you can meet the monthly repayments and that you’re a UK resident.
You can expect a prompt and efficient service. An in-principle decision will be made as soon as possible and once your application has been fully processed your money is made available to you as quickly as possible which you are then free to spend as you wish.
Please click here now to APPLY NOW online here now
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: credit crunch, home loans, Loan calculator, mortgage calculator, refinancing rates, UK loans rates, uk recession
Wednesday, June 03, 2009
Wall Street lower on gloomy data
Gloomy housing sector data and continued layoffs led to a subdued Wall Street opening as investors played safe with their profits after a succession of session gains.
Investors were also reacting to a warning from Federal Reserve chairman Ben Bernanke that Congress and the Obama administration must start plotting a strategy to curb record-high US budget deficits.
Failing to do so could eventually erode investor confidence and endanger the economy’s prospects for long-term health, he said.
Testifying before the House Budget Committee, Mr Bernanle said: “Even as we take steps to address the recession and threats to financial stability, maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance.”
The White House estimates that the government will rack up an unprecedented $1.8 trillion budget deficit this year. That would be more than four times last year’s all-time high.
The Dow Jones industrial average was down 71.76points, or 0.82 per cent, lower at 8,669.11.
A survey by ADP, a payroll business, revealed that the US private sector shed 532,000 jobs in May - better than 545,000 in April but slightly higher than the 525,000 estimated.
The US Mortgage Bankers Association also said mortgage applications fell 16.1 per cent for the week ended May 29.
The CIPS/Markit purchasing managers' monthly survey on the services sector did little to help the FTSE 100, which continued its downward spiral, slumping by 108.8 points, or 2.43 per cent, by mid-afternoon.
Heavyweight blue chips were to blame for part of the fall as they began to trade ex dividend.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: Bernanke, FED, mortgage calculator, US loans rates, US mortgage rates
Tuesday, June 02, 2009
Home mortgage approvals rise third month in a row
The Bank of England said that 43,201 mortgages were approved in April, up from 40,038 in March.
The figure was better than analysts' forecast of 41,000 and marked the third consecutive monthly rise.
Although the number of mortgage approvals was still down by 21.9 per cent year-on-year, from 55,280 in April 2008, the Bank of England figures are the latest in a spate of more upbeat data about the housing market, bolstering hopes that activity is picking up.
Separate data today showed that the decline in the construction sector eased in May to its slowest level in more than a year.
The influential purchasing managers index (PMI) rose to 45.9 in May, from 38.1 in April and a record low of 27.8 in February.
The index is heading towards the critical 50.0 dividing line between contraction and growth.
This week data from the Land Registry showed that property values edged down by only 0.3 per cent in April, the smallest monthly drop in nearly a year.
A separate survey from Hometrack, the property intelligence group, recorded that house prices remained unchanged in May, the first time in 20 months that the survey has not recorded price falls.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: Bank of England, home loans, mortgage calculator, UK loans rates
Friday, May 29, 2009
UK buoyed with positive house price data
Firstly we have seen the Nationwide House price index survey show a surprise bounce as the average house price rose 1.2% in May- this is the strongest monthly gain for 19 months.
Although this is a good indicator that the severe downturn in the property market may be bottoming out- Nationwide noted that it is still too early to call as unemployment is still rising and credit conditions remain tight.
In the wider markets we have seen more leveraging into Oil and Gold which both rose sharply- Gold is closing in on $1,000/oz again and Oil has hit a new 6 month high above $65 a barrel.
This morning we also saw German retail sales rise unexpectedly in April by 0.5%- a hopeful sign for the German economy to curb the sharp contraction in recent GDP data witnessed in the Q1.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: credit crunch, Gold, home loans, mortgage calculator, Oil, recession
Thursday, April 16, 2009
US housing data puts Obama's hopes on hold
Stock markets were little changed as US consumer prices posted their first annual decline since 1955. Trader John Cetera of Hamilton Executions on the floor
Hopes of a recovery were also damped down as the US registered its first year-on-year fall in inflation for more than half a century in March, due to falls in energy prices.
Recovery of the housing market is central to the recovery of the US economy, and the latest data puts paid to comments this week by President Obama that he saw "glimmers of hope" in the economy. His views were largely based on earlier housing surveys.
The number of US citizens losing their homes leapt by 44pc last month, as banks pursued delinquent borrowers after federal mortgage lenders Fannie Mae and Freddie Mac lifted temporary bans on foreclosures. A survey by Foreclosures.com found that 175,199 homes were repossessed by lenders in March.
In spite of major banks promising to work with troubled mortgage holders to keep them in their homes, almost 370,000 families have lost their homes so far this year.
Mortgage applications also fell last week for the first time in more than a month, suggesting that even with borrowing costs at record lows, potential house buyers are staying out of the market.
The bearish outlook was compounded by the Federal Reserve's Beige Book, which provides an assessment of regional economic activity. It said the US economy continued to weaken in March – albeit at a slower rate – and found that the housing market remains "depressed overall".
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: Barack Obama, inflation, mortgage calculator, new home sales, US loans rates
Thursday, March 05, 2009
House prices fall a further 2.3pc in February
The sharp fall wiped out any optimism created by the surprise 2pc rise reported for January following a sustained period of falls.
Average house prices in February slid to £160,327, down from £194,953 in the same month a year ago. This takes average prices back to levels last seen in August 2004 and 20pc lower than the peak in late 2007.
One of the biggest problems for the housing market has been the inability among potential buyers to secure mortgages, with banks remaining risk averse and unwilling to lend. The number of first time buyers is now at the lowest level in 35 years.
While the latest mortgage approvals data suggest that activity may have bottomed out, and the Royal Institution of Chartered Surveyors has reported an increase in people making enquiries about buying a house, economists said house prices had further to fall.
Citigroup estimates that about 1.2m homeowners are now in negative equity, where the mortgage is more than the value of the house.
The Bank of England is expected to cut interest rates by half a percentage point to 0.5pc when it announces its monthly decision at midday, which will help some homeowners but further erode savings accounts.
Attention will be focused on the Bank's plans to increase the money supply by billions of pounds by buying Government debt and other assets, details of which are expected alongside the bank rate decision.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: Bank of England, falling interest rates, home loans, inflation, interest rates, mortgage calculator
Thursday, October 30, 2008
Loans Calculators live online- OFT licensed
Having waited over six months for clearance from the UK's Office of Fair Trading (OFT) , we are pleased to announce our new loan calculator daily online service.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: consolidate debt loans, Loan calculator, mortgage calculator, US mortgage rates
Friday, November 16, 2007
Mixed data wobbles mortgage converters
US CPI inflation met expectations with a rise of 0.3 % in October from September, giving a 3.5 % annual rate, the highest in 14 months. Strong inflation will make it harder for the Fed to cut interest rates again, following its 0.75 points worth of reductions since September, even though economic growth is expected to slow sharply in the coming quarters.
The monthly increase in inflation is actually the calm before the storm, inflation could hit a 16-year high of 5.0 % by the end of the year as gasoline prices continue to rise.
Jobless claims also painted a gloomy picture for the economy. Data showed there were 339,000 new claims for the week ending Nov 10, up 20,000 from the prior week and higher than expectations for a broadly unchanged reading.
On the flipside, the New York Fed's manufacturing survey for November suggested business conditions remained firm in October, with the reading dipping to 27.37 from 28.75 in October. Expectations were for a sharper pullback to 19.00.
Elsewhere, the UK currency suffered particularly badly against the euro, which hit a four-year high of 0.7166 stg shortly after the data were released. Retail sales fell by 0.1 % in October from September, the first monthly fall since January and confirming the widespread belief that UK consumer spending is on a firm downward trend.
After Wednesdays dovish Bank of England inflation report, which all but confirmed that two UK interest rate cuts will be forthcoming next year, the weak figures will add to speculation that the first move could come as early as next month.
The BoE's position contrasts with that of the European Central Bank, which has defiantly maintained its anti-inflationary stance despite the economic slowdown in the region.
Loan Calculator Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: FED, mortgage calculator, US mortgage rates
Thursday, November 15, 2007
Mortgage calculators see lower interest rates for consolidate debt loans
Equities were helped by US retail sales figures that showed a 0.2 % monthly rise in October, in line with the market consensus. At the same time PPI was up only 0.1 %, below expectations for a 0.3 % rate.
The encouraging news helped further improve risk appetite among investors, who returned to selling lower-yielding currencies like the dollar and the yen in favour of the higher-yielding euro and commodities-based currencies.
On top of this, the euro was helped early yesterday by robust 3Q GDP data, which showed a 0.7 % quarterly gain for a 2.6 % yearly rate. The data have powered up the euro against the dollar... and with central banks and sovereign wealth funds eyeing an increased allocation into euro-denominated assets, the latest euro zone releases continue to show no considerable drag on growth as has been the case in the US and UK.
Meanwhile, a dovish Bank of England inflation report gave a clear hint UK interest rates will need to fall.
The BoE's inflation report forecasts showed that, if UK interest rates follow market expectations and fall to 5.1 % by the end of 2009, inflation will meet the BoE target rate of 2.0 %. If, on the other hand, interest rates stay as they are at 5.75 %, CPI inflation would undercut the target, coming in around 1.75 %.
November's BoE Inflation Report gives a clear signal that a series of interest rate cuts lie ahead. The timing of the move is uncertain, particularly given Tuesdays stronger-than-expected UK inflation data, but the dovish inflation report will spark talk that a move could come before February.
The European single currency, in particular, hit a four-year high low sterling of 1.4010 The European Central Bank is not expected to cut interest rates for some months as inflation remains significantly above target.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and consolidate debt loans.
Labels: consolidate debt loans, credit crunch, mortgage calculator
Monday, November 12, 2007
Credit crunch weighs mortgage calculator down
Unfortunately the situation is likely to deteriorate further given the ongoing deterioration in the housing market, the negative effects of falling equity markets and the erosion of purchasing power caused by the surge in energy costs, consequently we suspect the Fed will be forced into a December rate cut with rates likely to move below 4 % in the second quarter of 2008.
Rumours that UK banks have sustained heavy losses as a result of the US sub-prime crisis has caused risk aversion to rise, pushing the pound sharply off the recent highs and sending shares in London and Wall Street lower.
The Pound dropped sharply due to speculation of large losses in the UK banking sector, this in turn boosted the yen as increasingly cautious investors pull out of the risky carry trade, where they sell the Japanese currency to invest in higher yielding ones.
Nervousness in financial markets has also been exacerbated by reports that a collateralised debt obligation (CDO), a specialist security made up of repackaged debt owned by State Street Corp is liquidating its assets. Many CDOs contain assets linked to the troubled US sub-prime sector.
The ECB last week kept its rate at 4 %, though the European Union has raised the 13-country euro zone's inflation forecast for 2008 to 2.1 % from 2 % this year. Consumer prices in the euro area rose 2.6 % in October from a year ago on record high oil prices. That was faster than September's 2.1 % gain.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and debt consolidation.
Labels: credit crunch, mortgage calculator, US mortgage rates
Thursday, November 08, 2007
China worries mortgage calculators
Mr Siwei told a conference in Beijing: "We will favour stronger currencies over weaker ones, and will readjust accordingly."
Besides sterling, the dollar was down against 14 of the world's 16 biggest currencies this morning, hitting the lowest since the 1950s versus the Canadian dollar, reaching a new record against the euro and its weakest in more than 20 years against the Australian dollar.
Sterling's move higher comes a day before Bank of England Governor Mervyn King and the rest of the Monetary Policy Committee are due to give their latest decision on interest rates.
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While the majority of economists expect interest rates to be left at 5.75pc, the surge in the currency is likely to put parts of the country's manufacturing industry under pressure.
The flight from the dollar is helping to fuel oil's assault on the $100-a-barrel mark and investors' appetite for gold, which is denominated in the US currency. The dollar was also hit yesterday by a report that the Fed's loan officer survey reported evidence of an incipient credit crunch across broad reaches of the US economy, with banks tightening lending standards on prime mortgages.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and debt consolidation.
Labels: china, credit crunch, mortgage calculator
Thursday, November 01, 2007
FED cuts US interest rates to 4.5pc
Although lower interest rates can jump-start an economy, they can also weaken a currency as investors transfer funds to countries where their deposits and fixed-income investments bring higher returns.
Mortgage calculators are not buying into the relative hawkishness cropping up in this month's statement. While the outlook for the Fed is between further rate cuts and no rate cuts ... rates will remain unchanged if not go up for foreign banks.
The rate-cut announcement, while expected, drove the dollar down, even as new U.S. data showed the economy grew at a 3.9 % pace in the third quarter, the fastest pace in 1 1/2 years. A second report showed that construction spending rose 0.3 % in September, the best showing in four months.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and debt consolidation.
Labels: falling interest rates, FED, mortgage calculator
Thursday, October 18, 2007
US data worries mortgage calculator worries
The Commerce Department said housing starts and permits for future construction fell to the lowest level in September since 1993, with a 10.2 % drop in starts to a 1.191 mln unit annual rate, and a 7.3 % fall in building permits to a 1.226 mln unit annual rate.
The credit crunch may only have had a limited impact on the rest of the economy but it has devastated an already weak housing sector. The data will likely support Federal Reserve chairman Ben Bernanke and Treasury Secretary Henry Paulson's concerns that the US housing market is a threat to economic growth.
The data offset key inflation figures that came in more or less in line with forecasts.
Overall consumer prices rose 0.3 % in September, a touch above consensus expectations for 0.2 %, while core prices rose 0.2 %.
The release of the Fed's Beige Book last night, which measures business activity and sentiment, reported cooling third-quarter economic activity and lower business confidence. The report, coming on top of mixed third-quarter corporate earnings and continuing worries over the housing sector, intensified investors' recession worries.
Loan Calculator has mixed feelings about the Fed's next move. Employment reports for September have been positive, but the lingering credit crunch and signals of economic slowdown may trigger further rate cuts.
Lower interest rates, used to jump start the economy, can also weaken a currency as investors transfer funds to countries where their deposits and fixed-income investments bring higher returns.
In the meantime, any other data from the world's largest economy in the run up to the G7 meeting this weekend is likely to be sidelined.
Elsewhere, the UK remained on the backfoot after it was revealed that one UK rate setter voted for a rate cut earlier this month. Additionally, the rate setting deliberations were seen as dovish.
The minutes to the rate setting meeting showed that the debate of the meeting centred on how the turmoil in the financial markets over the past couple of months has affected the economy and whether a "precautionary" rate cut was necessary. This has increased speculation of lower rates from the BoE next month, particularly after Tuesday’s soft inflation reading.
Also out yesterday, UK labour market data showed a modest pick up in wages but the gains are still too small to spark off inflationary concerns. Retail sales figures due today will shed further light on whether spending on the high street has managed to hold up since confidence was hit by the run on the Northern Rock building society.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and debt consolidation.
Labels: mortgage calculator, UK loans rates, US mortgage rates
Tuesday, October 09, 2007
Mortgage lenders take notice of currency weaknesses
Euro zone finance ministers will be plotting a way to get the US to do more about the weak dollar. However, we believe this will come to nothing as long as the US remains intent upon having China stop intervening in foreign exchange markets. The most likely result, therefore, will only be more pressure on China.
The euro weakened yesterday after comments by Rodrigo de Rato, head of the International Monetary Fund, who said the dollar was undervalued. The currency also took a hit from weak data for German manufacturing orders. These rose by a modest 1.2 % in August from July, below analysts' forecasts for a bigger 1.7 % increase to correct July's very disappointing 6.1 % decline. The figures echoed other indicators which show euro zone growth slowing down.
Elsewhere, economic data from the UK yesterday morning showed input prices rose sharply for companies, although output prices remain subdued. The figures failed to move markets much in anticipation of the Pre-Budget Report today.
Markets are digesting the news that Prime Minister Gordon Stalinist Brown will not hold snap elections this autumn. The decision raises questions over what economic measures will be included in the Pre-Budget Report.
Loans rates may be on hold until the end of this year as investors bet that September retail sales and other data coming out this week will support the view that the US economy won't plunge into a recession as earlier feared, right after the subprime mortage crisis erupted in August.
On Friday, investors cheered and gobbled up US stocks after an unexpectedly high jobs report for August and September. The US economy added 110,000 jobs in September, more than the 100,000 gain that most analysts have predicted.
Revised figures for August also showed a gain of 89,000 jobs instead of an earlier estimated loss of 4,000.
The better than expected jobs data followed earlier reports that the manufacturing and services industries in the US continued their expansion last month.
The dollar plunged to record lows against major currencies after the Fed's surprisingly deep 50 basis point rate cut on Sept 18. The dollar fell to an all-time low of 1.4283 to the euro on Oct 1 as investors dumped dollar-denominated assets in favor of high-yielding currencies.
Finally, the Bank of Japan will meet this week and most analysts expect the policy makers to maintain its key rate at 0.5 %, the lowest among industrialised countries.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and debt consolidation.
Labels: mortgage calculator, US loans rates
Wednesday, February 14, 2007
UK inflation data weaker than expected by mortgage refinanciers
Eurozone gross domestic product expanded 0.9 per cent in the fourth quarter, moving the annual rate to 3.3 per cent. In Germany the ZEW investor confidence survey pointed to a pick-up in the economy later in the year once the impact of value added tax in January starts to wear off.
U.S. retail sales are released today and they are expected to have risen for a third successive month in January as Americans redeemed holiday gift cards and took advantage of lower fuel prices. Sales are forecast to have increased by 0.3 per cent in January after a 0.9 per cent in the previous month.
The figures may show that the economy is growing at a moderate pace, a description Fed chairman Ben Bernanke is likely to share when he begins his testimony and Fed policy report later on today.
The Australian dollar jumped in early trading this morning following a rise in US trade deficit and strong European economic growth worked in the currencies favour.
Loans Calculators Blog- loans rates blog for news about interest rates- unsecured and secured loans, mortgages, remortgages and refinancing including home loans, equity release and debt consolidation.
Labels: BoE, FED, mortgage calculator, UK loans rates
