Major financial institutions which hold billions of pounds in mortgage backed securities have been watching mortgagors default on their home loans in record numbers in recent times Surprisingly these investors have not shored up their defenses against the rogue borrowers enough and as a result have been losing money hand over fist

The current mortgage and loan market has undergone a period of turmoil recently that has been felt all around the world The full damage from the fallout from the turmoil has yet to be assessed and this is partly because the pattern of behaviour in the lending market is somewhat different to what it should be

Approvals for home loans in the UK have hit the lowest level ever recorded for a single month The blame has been set squarely on the credit crunch as lenders are not only finding it difficult to obtain the funds to lend to home owners but they seem unwilling to lend the funds they do have available

What do you do with a massive package of adverse credit mortgages that no one wants to buy This is the dilemma facing many financial institutions in the current economic climate

The flagging property market has claimed many scalps over the past year or two Most notable of these are specialist lenders who opened their doors to borrowers of questionable worth and home owners who have since been issued with repossession orders in record numbers

With the credit crunch forcing lenders to evaluate their loan books and reassess the types of products they offer it would appear sensible to anticipate the demise of the self-certification mortgage However the market for self-certs remains buoyant as lenders have not tightened the reigns as much as expected and as much as they have for other products

There are a growing number of people in our society who choose to work for themselves and are therefore regarded as self-employed Such individuals may be required to apply for specialist self-employed mortgages when buying a home rather than traditional mortgages

The attractiveness of self-certification mortgage products is boosting the overall number of home loan applications in the UK For true self-cert products, the applicant does not need to fully prove their income by way of documentary evidence such as pay slips and tax records

While the overall mortgage market has slowed in the wake of recent interest rate rises, buy-to-let mortgage lending has surged This is a clear indication that buy-to-let property investing has returned to favour following a recent period of uncertainty

People who are discharged bankrupts are usually required to apply for an adverse credit mortgage when searching for a home loan to fund the purchase of their property It is highly unlikely that an applicant with such a poor credit record will ever be able to apply for a standard product again

Remortgages comprise a significant and ever-growing proportion of the overall mortgage market Property owners are always on the lookout for ways to save money, and with remortgages being relatively simple to organise, it has emerged as a popular method for helping home owners restructure their personal finances

There are a growing number of lenders who will consider applications for problem remortgages This is an indication of the growth in the market for home loan applications from borrowers with non-standard credit histories and financial situations over the past few years

Much has been written about the sub prime mortgage crisis in the US and even more has been said Most analysts placed the blame for the implosion in the credit market on the adverse credit mortgage

In recent years, adverse credit remortgages have become a popular choice for people seeking to refinance their property who suffer from impairments to their credit files Regular high-street banks will usually not refinance your property if you have a poor credit history

What a great life it would be if we could predict future interest rates Imagine being able to wait it out on your remortgage until such a time as interest rates dropped by several percentage points, just as you knew it would

One of Australia’s largest non-bank lenders has been offered up for sale by its owner GE Money – the giant American corporation with an international financial services arm The mortgage lender has apparently been put on the market to stave off a takeover bid by its previous owner however it is likely that the sale has been triggered in part by the credit crunch

Equity has long been the golden egg of the property investing world Build up enough equity in your property portfolio and you will never need to work again

Self-certification mortgages have not enjoyed a good reputation in the property market in recent years Several years ago evidence emerged that some applicants were exaggerating their incomes in order to achieve bigger loans

There are signs in the financial markets that it may soon become more difficult to obtain adverse credit mortgages For several years now lenders have been issuing adverse credit mortgages to people with low documentation and adverse credit histories almost at will

Suffering from bad credit can cause problems when looking to remortgage your property The number of lenders who will consider a remortgage if you suffer from adverse credit diminishes as the level of damage to your credit file increases

One of the world’s biggest finance companies has pulled its self certification mortgage range from the market with immediate effect The huge lender has their fingers in many different financial pies all around the world which means their UK self-cert loan book is tiny in the grand scheme of things

It has been all doom and gloom in the remortgage market for nearly two years now The sub prime lending crisis in the US signalled the beginning of the end of a long period of prosperity in the worldwide property market in which mortgage lenders flourished

Getting into the buy-to-let property club can be difficult for novices particularly if they don’t have much money to fund the enormous costs traditionally required to gain entry These costs include substantial deposits, stamp duty, legal fees, mortgage fees, and potentially furniture and fixture costs depending on how the property is going to be set up for renting out to tenants

Non-status mortgages are designed for people who either cannot prove their income or who suffer from adverse credit “Non-status mortgages” is a term that is loosely used to describe all home loan products that are not standard high-street products

If you are an existing home owner with an adverse credit history and you wish to remortgage your property, you may be required to apply for one of many specialist remortgage products Because of your credit impairments you may be excluded from applying for standard high street home loans and will therefore need to shop around