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Mortgage News - Spetember 2007

Knock on affect of US sub-prime mortgage meltdown on UK market
Potential homeowners with bad credit histories are going to find it a lot harder to get a mortgage as a result of the sub prime mortgage crisis in the US, warn financial experts.

Aggressive mortgage brokers and naïve consumers in the US striving after the American Dream of ownership, has seen people borrowing far more than they can afford, which has in turn led to a massive increase in the number of houses being repossessed.

more news to follow...

 

 
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
For customers with previous credit problems the overall cost for comparison is 8.6% APR. The actual rate available will depend upon your circumstances. Please ask for a personalised illustration.
Where consolidating other loans into one mortgage, this may increase the amount repaid overall and the term over which these loans are repaid.
A service fee of £3595 will apply. 60 Minute Mortgage is a trading style of Smile Money Limited.  Smile Money Limited is an Appointed Representative of Infinity Mortgages Limited which is Authorised and Regulated by the Financial Services Authority. FSA Number: 306581

                         

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