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Interest-only mortgages are becoming more popular with borrowers, particularly buy to let investors, according to research by Paragon Mortgages.

The lender has found that, over the past four years, the proportion of broker business made up of interest-only mortgages has risen from 11% to 26%.

 
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Focus on Mortgages offers professional independent mortgage advice from our offices in Park Grove, Cardiff. We have access to the whole market place, with over 100 lenders and 10,000 mortgages.  Focus on Mortgages compares mortgages from all the leading high street Banks, Building Societies and Specialist Lenders. We also offer advice on a range of insurance products from our extensive panel of Insurance Companies.

We use our up to the minute sourcing systems to compare the whole market place and find a mortgage to meet your needs..  You can choose how you prefer to do business with us, telephone, email, our office or your home.  We will submit the mortgage application and then liase with the lender and solicitor on your behalf.

 

 

 
Repossessions set to soar by a quarter
Home repossessions are set to climb by nearly a quarter this year, a report from the Centre for Economics and Business Research warns.
The quarterly report, released yesterday under the title Consumer and Housing Prospects, predicts more than 33,000 home owners stand to lose their home in this year alone.
Read more...
 
MPC slashes base rate to 5.00%
The Bank of England's Monetary Policy Committee has slashed the base rate by 0.25%, bringing it down to 5.00%.

The cut has been predicted by many across the financial industry.

 

 

 

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