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Mortgage Market Blog

Volcanic Growth Needed in Mortgage Market

Paul Hajek
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We have all had enough of the ash cloud, but what the housing market could do with is a cash cloud in the form of increased mortgage approvals. The housing market continues its snail like progress from the depths of 2008 and 2009. But data released this...

New Mortgage Proposals: More Common Sense Required, Not More Regulation!

Paul Hajek
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The news that the Financial Services Authority has issued its plans to repair the barn doors of the mortgage industry has received a mixed response. Leaving aside obvious jibes about more points scoring than credit scoring, there is at least a return to a...

Mortgages: the Good Guys are Back and Cooking on Gas!

Paul Hajek
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The demise of the Cheltenham & Gloucester C&G , it would appear has been greatly exaggerated. On the news of the decision to close the network of C&G offices in June spurred me into eulogising in a post at the loss of the good guys in the...

Mortgage Blockade: The Cavalry are coming; from the East!

Paul Hajek
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The most recent statistics for the mortgage market in England and Wales have shown a small increase in lending. Lending was up 26% in July, but this was still 36 % down from the monies the Banks and Building Societies lent in July 2008 More in depth...

Mortgage Famine: A Simple Way to Alleviate Some of the Stress of Moving Home.

Paul Hajek
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The mortgage thaw may be underway, but it is clear to me as a Conveyancing Solicitor based in Chipping Sodbury South Gloucestershire , that the pace of issuing a mortgage offer is still painfully slow. Figures issued last week by the British Bankers...

Mortgages: He who hesitates loses the Best Deal!

Paul Hajek
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The turmoil in the mortgage market has thrown up some interesting statistics. Moneyfacts has published data showing that the average shelf life of a mortgage product in June was down to just 14 days from a previous 23 days. The suggested thaw in the...

The demise of the C&G-the good guys lose out.

Paul Hajek
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It came as a great shock and with considerable disappointment to learn of the demise of the the Cheltenham & Gloucester, part of the Lloyds Banking Group C&G . As a Conveyancing Solicitor , I found them to be the epitome of a well run mortgage...