Apple Finance

Confidence Is Still Building In Wolverhampton Property Market
Confidence is building in the local property market with house prices stable, no significant discounting and average asking price up 3.1%. Smaller homes are the most popular and new instructions are up nearly 7% year on year while the use of online estate agent is rising.
In the second quarter of 2018 interest rates remained on hold, and a strong labour market and wage growth finally picking all contributed to an i...ncreasing number of home owners entering the market. A review of 2017 listed prices compared to the price actually achieved shows an average discount of up to 4% for properties sold for less than £1 million, suggesting there is no significant property devaluation occurring. https://www.applefinance.co.uk/confidence -is-still-building…
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https://www.applefinance.co.uk/wolverhamp ton-mortgage-news Demand for ten-year fixed rate mortgage deals increases
IT’S difficult for many of us to imagine what we’ll be doing this time next year, let alone in 2028. But for an increasing number of forward-thinking borrowers, taking a ten-year fixed rate on their mortgage makes a lot of sense.
... The thing is, many consumers don’t actually know that a decade-long fixed rate product is available.
In a recent survey, 60 per cent of homeowners weren’t aware that they could take out such a product, even though they have been well established in the market for quite some time. However, once they knew they were available, more than a third of those polled said that they would consider fixing their mortgage for ten years.
So why are ten year fixed-rate mortgages gaining in popularity all of a sudden?
Mainly because although the current interest rate is still historically low, due to forward governance from Bank of England Governor Mark Carney, we know that the aim is to increase them – once the economy can withstand such a move – to a more ‘normal’ level. For those who can remember life BCC (Before Credit Crunch) the average Bank of England Bank base rate between 1998 and 2008 was 5.5 per cent.
“For example, at the moment, the difference between a five-year fixed rate and a ten-year fixed rate can be less than a half per cent, which for customers who are comparing their options, does tend a make them a very appealing choice.”
“What ever your mortgage needs are contact Apple Finance based in Wolverhampton who will be happy to discuss finance needs”. Apple Finance 01902 213201
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Buying A Property In Wolverhampton
Property is the dream for many Britons, owning their own home and feeling financially secure. Research has shown that buying with a partner could be the only way to get on the housing ladder. https://www.applefinance.co.uk/wolverhamp ton-property

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August interest rate rise gets closer
Its time to fix those mortgage rates, come August there could be some people in Wolverhampton who have a shock to their monthly finances. August interest rate rise moves step closer the Bank of England has held interest rates but signalled an August rate rise is more likely than previously thought. In a decisive move, Andrew Haldane, the Bank’s chief economist, joined two other Monetary Policy Committee members in voting to raise rates to... 0.75%. The nine-member MPC was split 6-3, with Bank governor Mark Carney leading the group who voted to hold rates at 0.5%. The last time three people “dissented” from the overall view, in June 2017, rates rose the following November. But economists believe that if the economy does show signs of picking up, an August rise is in play. Government borrowing figures published on Thursday boosted hopes among some economists that the economy may be gaining momentum. The pound jumped by about a cent against the dollar following the Bank’s decision, climbing back above the $1.32 level, as the possibility of an August rate rise appeared to increase. https://www.applefinance.co.uk
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Mortgage lenders return to interest only
Mortgage companies are warming up to interest-only loans as several lenders have re-entered the market in the last year.
Data published by Moneyfacts, the financial analysts, showed the number of lenders offering interest-only loans increased to 33 in the last year. This charge has largely been driven by the mutual sector with Accord (part of the Yorkshire Building Society) and the Hanley Economic, Hinckley & Rugby and Leek United bu...ilding societies entering the market. “I have clients in Wolverhampton who have used these particular building society’s and been very happy with the product and the recommendations regarding the mortgage”.
Interest-only mortgages are loans where the borrower is not required to pay down the overall debt each month, instead they merely pay the interest accrued on the loan. While this makes the monthly payments much cheaper, it means the customer has to pay off the entire cost of the property at the end of the term. However, things have changed and lenders are looking to satisfy the needs of borrowers the City watchdog, the Financial Conduct Authority, had recently loosened the rules on retirement interest-only mortgages, which would also boost the sector. “At Apple Finance we’ve seen an increase in the demand for interest-only mortgages, in the Wolverhampton area, due to lifestyle changes, equity releases and niche customer situations.
“More lenders are coming back into this area to offer interest-only mortgages. Seeing mainstream lenders in this space means that the criteria has expanded, so interest-only mortgages are no longer restricted to high income earners or those with lots of equity.” Of the big banks, Barclays, NatWest, Royal Bank of Scotland and Santander all offer interest-only loans, but only to wealthy borrowers with a large amount of equity in their properties or sizeable deposits. If you do have a mortgage enquiry for a no obligation chat contact Apple Finance on 01902 213201 www.applefinance.co.uk/mortgageadvice
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The Art Deco Statue, the Lone Rider Wolverhampton, AJS built bikes at the Graisley Works site between 1914 and 1931 Now in 1931 the average house price was as a rough estimate £600 that’s right £600 for the whole house. Well things have changed and house prices in Wolverhampton have increased a tad! Since then. The one thing that has not changed is the need to find the right mortgage for your home or future home. Regardless of your financial circumstances if that’s a low credit rating or previous defaults don’t worry. Contact Apple Finance and we will find a solution to your mortgage problem. www.applefinance.co.uk/contact 01902 213201

Food for thought, if your current mortgage deal is coming to an end, time is running out so to speak don't let it run onto the standard rate, contact Apple finance instead. Have a good afternoon. https://www.applefinance.co.uk/specialist -mortgages/

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I have always wanted to buy a property but my bad credit history made it difficult to get a mortgage from the bank. I did a research on how to build my credit and I came across Apple Finance. At first I thought it was one of those brokers who will give you all the sweet talks to get you into sign a contract with them and later leave you. I gave them a call and the person who answered took his time to explain all my questions. He then gave me time to think about it and get back to them.

Apple Finance got me a good mortgage deal from one of their trusted lenders and I am now a house owner.

In a nutshell, I would say if you want to buy a property, no matter how bad your situation is just call them and their well trained team will advice you on what to do. They are very professional and they mean business.

I would recommend Apple Finance. Thanks guys

Great service here, Therefore they are always our first choice of support. First class, approachable & professional- highly recommended.and catered for all my needs.

I have always wanted to buy a property but my bad credit history made it difficult to get a mortgage from the bank. I did a research on how to build my credit and I came across Apple Finance. At first I thought it was one of those brokers who will give you all the sweet talks to get you into sign a contract with them and later leave you. I gave them a call and the person who answered took his time to explain all my questions. He then gave me time to think about it and get back to them.

Apple Finance got me a good mortgage deal from one of their trusted lenders and I am now a house owner.

In a nutshell, I would say if you want to buy a property, no matter how bad your situation is just call them and their well trained team will advice you on what to do. They are very professional and they mean business.

I would recommend Apple Finance. Thanks guys

Great service here, Therefore they are always our first choice of support. First class, approachable & professional- highly recommended.and catered for all my needs.