Category: Uncategorised

Getting help gaining a re-mortgage with a poor credit rating

Here at Solution Mortgages Ltd we have an axtenive range of products to help clients who have a poor credit rating. We can help in a number of circumstances;- Self employed 1 years accounts most recent years figures generally used Inland revenue SA302 acceptable Remortgages Capital raising for a broad range of purposes Debt consolidation Free valuations and free legals…

Secured Loans the way forward

Unfortunately the mortgage market looks set to remain subdued for 2011. How can we help clients raise capital? The simple answer to this is secured loans. Secured loan lending continues to grow with better rates and more flexibility being the obvious attractions. Here at solution mortgages we have over 10 years experience, with a quality panel of lenders who can…

Interest rates held at 0.5%

Earlier today the Bank of England's Monetary Policy Committee (MPC), which has nine members, met today to discuss the Bank of England base rate. The decision was to hold the rate at 0.5%. This is now unchanged for the 23rd consecutive month. At the meeting two members voted for a rate rise, and one for more quantitive easing. Last month,…

Are you hitting a brick wall when trying to raise finance with a poor credit rating?

Here at Solution Mortgages Limited we appreciate the problems caused with having a poor credit rating. It can be a very daunting task especially when every where you try you get rejected. Unfortunately we live in very difficult times where lenders are still licking there wounds in the wake of the largest financial melt down since records began. We at…

New improved criteria from GE Money

GE Money have recently improved there criteria to enable them to help more people. First Time buyers Maximum loan to value increased to 80% (75% for interest only) Capital raising Increase maximum limit from £25,000 to £50,000. This is over and above any debt consolidation Unemcumbered properties No current mortgage on the property Debt utilisation Criteria No restriction on the…

Product numbers have risen again

As at 31st January 2011 the number of mortgage products available to the general public via mortgage intermediaries has risen to 9744. This is up 21% from December 2010. This again shows positive signs that things are slowly getting better. Yes we are million miles from where we want to be considering we had 77983 products available in early 2007.…