FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

Mortgage market continues to tighten

News that Halifax, the largest mortgage provider in the UK, has cut its mortgage range by half overnight should be a wake up call to those dithering about taking on a mortgage. A number of prominent City figures have come forward to suggest that while international money markets will benefit from the US bailout (if it goes ahead), the cost of capital for the UK's banks could remain high for up to two years. If this was to happen we would see more and more mortgage products disappearing from the market, costs moving higher and deposit levels increased.



The words of doom and gloom come from those within high positions at Halifax and HBOS and should dampen down the growing hopes of an overnight US led bailout of the worldwide financial industry. The truth is that the US plan would inject billions of dollars back into the system but more importantly it would allow confidence in the worldwide economy to improve. This is the key fact which may people seem to be missing.



The next few weeks in the world of UK mortgages are sure to be interesting with volatility and changes expected by many.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue