More help for people facing repossession

Thursday, January 31, 2008

Calls have been made for the government and lenders to do more to aid people facing repossession.

Free confidential advice should be available for those in this predicament to help them explore all the options available to them.

It has been suggested that 1 million people in the UK could be repossessed this year. Last year was also an extremely busy year for helping people with mortgage difficulties.

The government, mortgage lenders and the Financial Services Authority have been asked to provide somewhere to turn and get advice in this situation.

If you have any questions on this article or others like it, please feel free to contact Solution Mortgages on 0845 123 1260 or visit us at www.solution-mortgages.co.uk

The cost of missed mortgage payments

Wednesday, January 30, 2008

The cost of missed mortgage payments could be costing you more than you think.

Depending on your lender you could be receiving a £50 charge for each missed mortgage payment but you must also factor in other additional costs.

In the event of missed mortgage payments it is likely the lender will want to address the situation early on. If you incur 3 or more months arrears the lender would be likely to instruct a councillor to discuss the arrears and set up an appointment at your property. This could cost anything from £150 to £370 which would have to be borne by you.

Borrowers who end up in this unfortunate position will face these arrears charges and will also incur charges for every call and letter the lender makes, when trying to recover the arrears.

It is therefore paramount that you give priority to your mortgage over any other debts and try to avoid any missed payments on your mortgage.

If you are struggling with your payments, speak to your lender early on and try and come to an arrangement to clear the arrears. If your lender is unwilling to help (which is unlikely) please feel free to contact Solution Mortgages on 0845 123 1260 or apply online at www.solution-mortgages.co.uk

Use your bonus to make overpayments on your mortgage

If you get a quarterly or annual bonus from work you could do a lot worse than paying off a chunk of your mortgage.

Overpayment's can reduce the term of your mortgage and save you a vast amount in interest.

If possible you should try and resist the temptation to whittle away your bonus or pay rise and save yourself thousands of pounds in interest in the future.

If you have managed to survive all year without that additional money you may be able to use the money to make regular overpayment's on your mortgage.

By paying an extra £50 per month on a £150,000 mortgage over 25 years would reduce your term by 3 years and save you £17,415 in interest.

If you would like to discuss this article or others like it, please feel free to contact Solution Mortgages on 0845 123 1260 or visit our website at http://www.solution-mortgages.co.uk/

Income Protection Insurance

Solution Mortgages through Assurant Solutions offer the ideal cover for those seeking the same flexible benefits of Mortgage and Payment Protection Insurance (MPPI) yet not wanting to apply for a mortgage.

The key benefits are as follows:-

• Replaces up to 50% of gross salary or up to £1,000 a month, whichever is the lesser
• Choice of premiums
• Back to day one cover
• Choice of terms available
• Covers all employment types
• Flexible monthly benefit splits

The cover is available for a maximum 12 months per claim.

If you are interested in Income Protection Insurance speak to Solution Mortgages on 0845 123 1260 to see how we can help or apply online at www.solution-mortgages.co.uk

Mortgage and Payment Protection Insurance (MPPI)

Solution Mortgages through Assurant Solutions, offer one of the most flexible accident sickness and unemploymnet products available. We can tailor the product to suit your needs.

As well as your mortgage payments, cover can also be used to protect other regular monthly commitments including insurance, loans, utility bills and council tax. It can also be used for residential rental payments.

It also offers true added value when compared to other products as well as being competitively priced. Our cover works out at £3.95 for every £100 of benefit. For example, to cover your mortgage payment of £600 per month, the monthly premium for your ASU policy would be £23.70 a month. This is extremely good value when you consider the benefits as follows:-

• All employment types covered, including self employed and contract workers, directors or business partners
• Provides a maximum benefit of 75% of salary or £2,500 a month whichever is the lesser (higher sums may be available on request)
• Choice of excess - in addition to back to day one cover, clients can select an excess to suit them, for example, 30 or 60 days
• Extended monthly benefits, giving cover for between 12 and 24 months benefit for Accident and Sickness
• Life and Terminal Illness benefit options
• Choice of terms available - in addition to a monthly premium product, guaranteed premium rates can be supplied over term of up to 84 months
• Flexible monthly benefit splits - in the case of joint applicants, the monthly benefit can be split to meet individual client needs

If you are interested in looking at Mortgage and Payment Protection Insurance (MPPI) please feel free to call Solution Mortgages on 0845 123 1260 to discuss your options. Alternitavely if you already know the type and amount of cover you require and would like an instant quotation you can apply on line by clicking on the ASU button and follow the simple steps.

Reassuringly Comprehensive Home Insurance

Tuesday, January 29, 2008

At Solution Mortgages we can offer reassuringly comprehensive Home Insurance through our provider Assurant Solutions which is backed by Lloyds TSB.

For cover you can rely on call 0845 123 1260 or apply online at www.solution-mortgages.co.uk

The benefits are as follows:-

• New for old policy
• Bedroom rated policy - no need to specify amount of cover
• Contents cover up to £50,000
• Buildings cover up to £400,000
• Discount for combined Buildings & Contents cover
• Sum insured rates also available on application

Contents cover includes:

• Outbuildings, Garden sheds & Greenhouses £2000
• In the open £1000
• Freezer £250
• Money & Credit Card £500
• Locks & Keys £250
• In a vehicle £1000
• Visitors personal Possessions £250
• 10% extra cover for your contents over Christmas and family weddings

Other benefits are as follows:-

• 3 year No Claim Discount
• Monthly payments by Direct Debit at No Extra Cost - subject to eligibility
• 24 hours claim and emergency helpline

Optional extras to add to your policy include:

• Accidental damage to both contents and buildings
• Family legal expenses up to £50,000
• Personal possessions away from home
• Bicycles away from the home
• Increased voluntary excess to reduce your premiums

If you would like to review your Home Insurance and would like an instant quote, go to our website www.solution-mortgages.co.uk and click on the Home Insurance page and follow the links. You will be able to get a personalised quote within 5 minutes and even put yourself on cover if you wish to.

Great Home Insurance deals

If you are currently considering reviewing your Buildings & Contents Insurance, ask Solution Mortgages for a competitive quote today.

When reviewing your Home Insurance there are some considerations you should factor in.

The festive season brings many new gifts and gadgets, from mobile phones, laptops and Ipods to the more traditional pieces of jewellery and cycles. You could identify a need to review the level of contents insurance or just a number of specific items.

The summer months saw floods from Hull to Upton on Severn, with a number of tragic results. Make sure your policy has adequate cover to replace all lost possessions as this could make the world of difference in the event that you are flooded.

With our Buildings & Contents policy, we are able to offer benefits which may hold a wider appeal to you. From time to time you may need help with legal matters, whether it be employment advice, a personal injury claim or a consumer contract dispute.

Finally with many insurance companies increasing premiums over the past 12 months it is important that you shop around and find the best cover at the right price. At Solution Mortgages we are very confident that the insurance we can arrange for you will be both of the above. We will review your policy for you and it is likely we will be able to save you a significant amount in the premium but not at the expense of your cover.

If you would like to discuss Home insurance, please feel free to contact Solution Mortgages on 0845 123 1260 or feel free to obtain an on line instant quotation via our website www.solution-mortgages.co.uk. by clicking on the Home Insurance button.

The definition of a commercial mortgage

A commercial mortgage can be defined as the transfer (or conveyance) of land (or another tangible asset) from a borrower to a lender in order to secure a loan. The land or property in question is intended for business use. Our focus will be on mortgages secured on land.

While the land is transferred to the lender during the term of the loan, there will be a condition that, once the loan has been repaid, the transfer will become void or the property will be transferred back to the borrower.

The mortgage will be created by the signing of a charge form by the borrower. The borrower is known as the 'mortgagor' and the lender as the 'mortgagee'.

The wording of the charge form will vary according to the nature of the asset. In many cases, the lender will also want to take documents that prove ownership of the land - deeds in the case of unregistered land or the land certificate in the case of registered land.

If you have any questions about this article or others like it, please feel free to contact Drew Mitchell at Solution Mortgages on 0845 123 1260.

Commercial Property - Practical issues

Monday, January 28, 2008

Commercial property takes time to build, often years, and certainly longer than residential property due to the more stringent planning and building regulations.

This means that the supply of commercial property is fixed in the short term while the economy can change quite quickly. In terms of economic boom this means that the supply of suitable property may lag behind the surge in businesses requiring accommodation.

Conversely, new property may be well under construction in response to a boom, only to find the economy loses momentum just as wealth of new property hits the market.

The lack of development in the 1990's, primarily due to the struggling economy, has left a shortage of suitable property even today, particularly in the South.

Commercial sectors will also affect the value of property and the market. Over the past few years the office sector has been weaker than the retail or industrial sectors, in part because there is a relatively good supply of office space. In London and the South-East, for example, there is plenty of office space available due to recent developments.

The area is also vulnerable to business migration, where the costs of running a business and employing staff can be reduced by moving to a cheaper area. Many areas are now offering financial incentives to incoming businesses.

If you have any questions on this article or others like it, please feel free to contact Drew Mitchell at Solution Mortgages on 0845 123 1260.

Advantages of buying a commercial property

Friday, January 25, 2008

There are many advantages to buying a commercial property for your business. We have listed some of the main one's below:-

Retention of ownership - the business is able to raise funds without resorting to selling a share in the company, either to an interested investor or by issuing shares. This allows the original owners to retain ownership and control. The lender has a right to interest on the loan, but not to a share in the business or the profits. The lender can only call in the loan in the event of default, and even then only has a charge on the property, not the rest of the business.

Taxation - mortgage interest payments are made with pre-tax money and are deductible for tax purposes as expenses. In contrast, purchases made from profits are taken from taxed income.

Financial leverage - using a mortgage to buy the property is likely to free up capital held in the business and cash flow for other uses. Borrowing outside a mortgage is likely to be more expensive. In addition, an increase in the value of the property will allow the business to borrow against it, if necessary.

Cost and cash flow management - mortgages allow access to capital that would not normally be available. They require limited initial payments and offer a degree of flexibility in designing a repayment schedule to suit the needs of the business, which could include fixing or capping payments for a number of years. Mortgage payments are often lower than rent, and the borrower will know what the payments will be in advance. This fixed overhead helps with cash flow and managing costs. Rental tenants are exposed to market conditions, which means that rents could rise at a review.

Security of tenure - those businesses that rent have few guarantees beyond the end of the current agreement.

Potential asset appreciation - property has long been seen as a sound investment. The business will have an asset that has the potential to grow in value which, in turn, will increase the value of the business.

Potential to sublet - the business might not need all the space the property offers. In this case, running costs could be offset by sub-letting the excess space to another business. The owner business would need to ensure an appropriate rental agreement is used, in order to retain control of the space and ensure it can be reclaimed with minimal effort if expansion is planned.

If you are considering buying a commercial property for your business, please feel free to call Drew Mitchell at Solution Mortgages on 0845 123 1260.

Commercial Mortgages

Thursday, January 24, 2008

Solution Mortgages have now expanded their Commercial Lending department and have a wealth of knowledge and skills in the commercial mortgage sector. All members of the department have passed the Advanced CEMAP examination in Commercial Mortgages.

Perhaps you are renting your business premises and felt that ownership wasn’t possible due to the large deposits normally required or income verification (self-cert); perhaps you were put off by the high monthly payments. You may already own property and would benefit from raising capital for further expansion or for upgrading your existing property.

Here at Solution Mortgages, we can help you with your commercial mortgage. We consider each individual’s circumstances and will research the commercial mortgage market on your behalf. We’ll then recommend the most appropriate mortgage to suit your needs while assisting you every step of the way.

Here’s a guide to our commercial mortgage offerings:

Commercial mortgages from £50,000 to £600,000
Self certified loans – no need to prove your income
Available with no lender application or completion fees
Conditional offer within 24 hours from enquiry
Purchase or Remortgage
Terms 15, 20, 25 and 30 years
Lending on a wide variety of properties e.g. shop with flat above, trading estate units, B&B, takeaways, restaurants, pubs
As little as 15% deposit needed.

Even if you have been turned down by the bank, we still have financing options for you!

If you are looking for a commercial mortgage speak to Drew Mitchell on 0845 123 1260.

Commercial Mortgage Market

The reduction in the London Interbank Offered rate (LIBOR) will be received well by borrowers who are looking for a commercial mortgage.

The 3 month LIBOR has now come down to 5.59% down from a peak of nearly 7% in September. This should be a clear indication that the issues in the credit markets are easing and should be able to return to some normality in the following months.

The reduction in LIBOR is good news for borrowers, lenders and brokers and with potential Bank of England base rate cuts on the horizon there should be further relief.

Solution Mortgages specialise in commercial mortgages and can offer a wide range of commercial lending facilities.

If you are looking to purchase or remortgage a commercial property, please feel free to call Solution Mortgages on 0845 123 1260 and ask to speak to Drew Mitchell who is head of Commercial Lending at the company.

US Federal Reserve Cuts Interest Rates

Wednesday, January 23, 2008

The Federal Reserve cut interest rates yesterday by 75 basis points to 3.5%. This was in response to the deterioration in the US economy and the prospect of recession.

It was expected that a rate cut may occur on the 30th January but it would seem that a cut could not wait until then. This was the largest single cut since 1982 and the first that was unplanned since 2001.

Economic conditions in the US have continued to weaken and it is hoped that a rate cut of the size will try and kick start the situation.

The cut in interest rates in the US will now shift the emphasis onto the Bank of England to make further cuts. There are expectations of further cuts in the US on the 30/01/08.

Our view is that given the sudden decision by US Federal Reserve to cut rates to 3.5%, it is sure extremely likely that the UK will follow suit. As no rate cut was made in January, a rate cut in February is now highly likely, with some predicting as much as half a percentage point.

If you have any questions on this article or others like it, please feel free to contact Solution Mortgages on 0845 123 1260.

FSA power to seize cash if banks fail

Tuesday, January 22, 2008

The Financial Services Authority (FSA) is to be given new powers to intervene with failing banks. They will be able to seize depositors cash which should avoid a repeat of the problems with Northern Rock.

There are likely to be key triggers that would lead to such action, including if a bank makes a request for an emergency loan. This would allow the regulator to take a closer look and potentially step in at this stage.

The FSA would be able to seize depositors cash which could then be repaid, moved to another bank or returned to the original institution.

Banks will also have to divulge more information to the FSA about their liquidity.

The issues with Northern Rock and how the affair has been handled has been questionable. It has highlighted that the current systems in place need changing and it looks like prime responsibility in future will be taken by the regulator and not the Bank of England.

If you have any questions about this story or others like it, please feel free to contact Solution Mortgages on 0845 123 1260.

Dealing with the credit crunch

Monday, January 21, 2008

Most people have seen the word credit crunch mentioned many times in the press.

Since the problems in the credit markets, mortgage providers have had to reassess their lending criteria and make a decision on whether they are still effective.

Borrowers are obviously finding it difficult to achieve the loan sizes they would like, which is no more prevalent than people looking for a bad credit remortgage.

Pressure is also added to borrowers from other areas, such as rising fuel and food costs. This means they have even less disposable income to repay their mortgages. This will not help lenders when making their criteria decisions.

It is likely that things will start to get better towards the middle of the year which may see some changes in criteria for the better.

If you are considering a bad credit remortgage and would like to discuss your circumstances, please feel free to call Solution Mortgages on 0845 123 1260 or apply online at http://www.solution-mortgages.co.uk/

Signs of recovery emerge

Friday, January 18, 2008

The UK mortgage market saw some positive signs recently, including the purchase of Money Partners by US investment firm Goldman Sachs from Investec.

Goldman Sachs has been a keen player during the credit crisis and has emerged a clear winner from the downturn in the sub prime markets, unlike many of its competitors.

The purchase of Money Partners is a clear sign that Goldman Sachs can see value in the UK mortgage market. The market has been suffering from a lack of confidence rather than the issues of liquidity in the US sector.

Money Partners now has a high powered owner who can help it through these turbulent times. It also gives brokers confidence that such a major player has pledged commitment to the sector.

There was also news last week that John Charcoal has put itself up for sale. This demonstrates that they see value in their business regardless of market conditions.

While some mortgage intermediaries see a bleak outlook with business volumes down, some players outside of the industry see investment opportunity and value.

Hopefully these two stories provide some signals that conditions may be improving after five months of doom and gloom.

If you have any questions on this story or others like it, please feel free to contact Solution Mortgages on 0845 123 1260

Get your finances in order

Thursday, January 17, 2008

The credit crunch is here but there are ways in which you can weather the financial storm.

Look to cut back on your expenses and free up as much cash as possible. If you have debts on credit cards, transfer them to a credit card company offering 0% interest on balance transfers before it is to late.

Check how much you are paying for your gas and electricity. You may be paying more than you need to. You can check your energy supplier against others using a price comparison website.

Other things you can do are cancelling services you no longer use and consider doing without some luxuries you don't really need.

You will also need to look at your mortgage. If you have bad credit you do not necessarily need to panic.

If you need a bad credit remortgage, speak to Solution Mortgages today. You may have come out of your discount period with your existing lender and are paying to much on your mortgage. There are still lots of competitive deals around despite the credit crunch but they are likely to become harder to find.

You should allow yourself around 1/2 months to switch your mortgage, so do not delay in sourcing a new mortgage.

If you need a bad credit remortgage, please contact Solution Mortgages on 0845 123 1260 or apply on line at www.solution-mortgages.co.uk

Avoid paying your lender's SVR

Wednesday, January 16, 2008

Try to avoid paying your current lenders Standard Variable Rate (SVR) as you will be paying thousands more per year than you need to.

If you are currently on this expensive rate in the current climate you are also unlikely to benefit from any reduction in interest rates that occur when the Bank of England drop their rates. This makes them even more expensive.

If you need to review your options and have bad credit, get in touch with Solution Mortgages today. We have access to a range of lenders who will consider applications from people who have bad credit.

Please feel free to contact Solution Mortgages about a bad credit remortgage on 0845 123 1260 or apply on line at www.solution-mortgages.co.uk

Lenders slashing loan to values

Tuesday, January 15, 2008

Bad credit remortgage lenders have taken a cautious approach to lending in order to protect their figures.

They have been reducing their loan to values on products and are taking a wait and see approach to the credit markets.

Since the beginning of December 2007, 11 mortgage lenders have reduced the maximum loan to value on their mortgage products.

This approach is likely to continue through the first half of 2008.

There are some positives that have been announced recently such as the entry into the marketplace of Goldman Sachs. They purchased Money Partners last week and are likely to want to attract business again over the coming months.

If you have bad credit and are looking for a bad credit remortgage, feel free to contact Solution Mortgages on 0845 123 1260 or apply on line at www.solution-mortgages.co.uk

Calls for greater powers for Bank of England

Monday, January 14, 2008

Calls have been made for greater powers to be given to the Bank of England in a new act that is hoped will prevent another Northern Rock crisis.

It is the Bank of England and not the Financial Services Authority that should have the power to intervene when a bank begins to struggle.

This would see an end to the tripartite system which exists at the moment.

There are also calls for Bank of England governor's to be given an eight-year term in the future.

These are the views of the Conservative party in the wake of the Northern Rock crisis.

The Northern Rock affair has been a costly exercise for the UK government and many believe it has been handled badly. The beleaguered lender is on the brink of being nationalised as any private buyers have been unable to agree terms with the lender.

It is also believed that due to the tough credit market the two parties who were interested in purchasing the bank would be unable to raise enough funds to pay back the £25 billion that Northern Rock has borrowed from the Bank of England.

If Northern Rock is nationalised it would be an embarrassing situation for the UK government and also the UK as a financial hub of the world.

If you have any questions about this article, please feel free to call Solution Mortgages on 0845 123 1260.

Plan and protect now for 2008

Friday, January 11, 2008

Homeowners will need to protect themselves in 2008 to make sure their borrowing is properly protected to weather the financial storm of rising fuel costs and stalling retail figures.

The threat of inflation continues to loom and although the next move for UK interest rates is likely to be down, unemployment could rise and put the squeeze on consumers finances.

Many consumers have overspent at Christmas and with soaring gas and electricity prices, some people could be beginning to struggle with their borrowing.

Taking a gamble on losing your income through illness, accident or unemployment can cost homeowners their home if they have no form of protection.

Solution Mortgages offer well priced and effective Accident, Sickness and Unemployment insurance either via it's website or via telephone. You can get a quotation at www.solution-mortgages.co.uk and purchase the insurance on a pay monthly basis if you wish. Alternatively if you would like to speak to someone about the cover offered you can call 0845 123 1260.

Bank of England holds rates at 5.5%

Thursday, January 10, 2008

The Bank of England's Monetary Policy Committee have voted to keep UK interest rates at 5.5%.

After the cut in December 2007 they have chosen to leave the base rate unchanged. However we anticipate that this will not be the end of the rate decrease cycle, as the Bank need to make sure the economy starts to move forward. A rate cut should come soon.

The members are likely to review the statistical evidence over the coming weeks and digest this before making any decision. The statistics that have been seen recently have been very conflicting, in terms of which direction the economy is pointing.

The post Christmas sales figures have surprised many people and will no doubt weighing heavily on the MPC's mind, as well as the surge in oil prices and the price of the euro.

We expect a quarter point cut in the base rate next month to 5.25%, followed by a further move in the second quarter of the year.

If you have any questions on this story, please feel free to contact Solution Mortgages on 0845 123 1260.

Goldman Sachs acquire bad credit remortgage lender Money Partners

Wednesday, January 9, 2008

Money Partners has been bought outright by Goldman Sachs.

The lender specialises in mortgages for people who need a bad credit remortgage. The sale of Money partners came after a strategic review was announced late last year. Money Partners had hired PricewaterhouseCoopers to look for a buyer which has now come to a successful conclusion.

The US investment bank does not have a presence in the UK mortgage market and was rumoured to be looking at the specialist market (bad credit remortgage) before the credit crunch hit in August.

Goldmans will likely be taking a medium to long term view of recovery in the sector and have decided to act now while they could effectively pick up a bargain. The purchase is good news for the bad credit remortgage sector.

If you have any questions about this article or others like it, please feel free to call Solution Mortgages on 0845 123 1260.

Lenders obliged to warn indebted borrowers

Tuesday, January 8, 2008

Under new banking rules, lenders will have to start warning borrowers if they are in danger of falling into serious financial difficulty.

The new Banking Code requires borrowers with finance problems to contact the bank immediately, if they feel they may be unable to meet their payments.

The rules will also require the bank to contact customers they think may be struggling and recommend that they speak to each other. The bank will also offer free money advice providers contact details.

The banks will be obliged under the code to consider granting concessions on interest, fees and charges. This will be treated on a case by case basis.

If you have any questions on this article or others like it, please feel free to contact Solution Mortgages on 0845 123 1260.

Credit crunch forces banks to rethink

Monday, January 7, 2008

International investment banks with UK mortgage interests are currently reviewing their exposure to the sector with rumours indicating their could be further casualties in the sector.

The reviews come in the wake of the collapse of the sub prime sector in the US and the subsequent credit turmoil experienced worldwide since September 2007.

Over the past few years confidence had been strong in the sector and funding was secure but this has now reversed. There are likely to be some banks who will not want to participate in the sector and sustain their mortgage operations in the current climate.

There are also likely to be vulture firms who will see the current environment as an opportunity to capitalise on the situation and will take a medium to long term view on conditions improving.

If you have any questions about this article or others like it, please feel free to contact Solution Mortgages on 0845 123 1260.

North/South divide in house prices

Friday, January 4, 2008

The gap in house prices between the north and south is widening according to latest figures.

The average house in the UK costs £183,959 at present which equates to an annual increase of 6.9%.

London is the most expensive area to live in the UK, while the north of England is the cheapest. Yorkshire and Humberside deliver the weakest annual price growth.

A house in the south is usually worth nearly £90,000 more than in the north. The price of a typical house in the north is now 64% of the value of an average southern house.

If you have any questions in relation to this article or others like it, please feel free to call Solution Mortgages on 0845 123 1260.

Bad credit

Thursday, January 3, 2008

At Solution Mortgages, we provide mortgage solutions for people who are having problems finding a mortgage or remortgage.

We deal with a number of specialist lenders who can offer competitive rates to people in difficult circumstances, e.g. can't prove income, CCJ's, a bad credit history or mortgage arrears.

We know that people who have had problems in finding a mortgage or remortgage need specific help. To cater for this need, we offer a no-obligation face-to-face meeting with one of our experienced Mortgage Consultants to discuss individual circumstances.

At our Head Office in Congleton, we also have our own mortgage and insurance application processing teams. This means that if you decide to proceed with us, we will hand-hold you through the entire application process, deal with it fast, efficiently and keep you advised of key stages all the way through.

If you have mortgage problems we could provide a solution:


Debt consolidation
County Court Judgements or defaults
Mortgage or rent arrears
Bad credit rating
No proof of income
Self employed
Short employment history
Individual Voluntary Arrangements
Previous bankruptcy

If you would like to discuss any of the above, please feel free to call Solution Mortgages on 0845 123 1260 or apply on line at www.solution-mortgages.co.uk

Remortgages for any purpose

Wednesday, January 2, 2008

At Solution Mortgages we pride ourselves on the fast and efficient service we provide. We believe that we will not be beaten on service standards and strive to meet the specific needs of all our customers, and will endeavour to provide you with all the information you require to enable you to choose a mortgage to suit your individual circumstances.

Solution Mortgages can offer remortgages for any purpose, whether you want to consolidate your debts and reduce your monthly outgoings, pay for home improvements or splash out on that dream holiday you've always promised yourself. And with a wide range of adverse products you may still qualify even if you have a poor credit rating.

Remortgages can be for any of the following:-

Home improvements

A new car or motorcycle

A dream holiday

For a conservatory

Debt consolidation

For double glazing

If you wish to discuss any of the above, please feel free to call Solution Mortgages on 0845 123 1260 or apply online at http://www.solution-mortgages.co.uk/

Borrowers urged to ask for help

Tuesday, January 1, 2008

The British Bankers' Association (BBA) has advised that borrowers who get into difficulty making their repayments in 2008 should ask for help.

2008 is likely to be a difficult year for finances and borrowers need to talk to banks to get through it.

Banks subscribe to the Banking Code and are ethical about their lending practices.

Borrowers also need to be wary in 2008 and try to start budgeting and saving where possible as the credit crunch currently shows no sign of abating.

If you have any questions on this story or others like it, please feel free to contact Solution Mortgages on 0845 123 1260.