Tuesday 5 June 2007

Introduction to FruitMortgages.com

FruitMortgages.com is an independent mortgage broker specialising in giving advice for First Time Buyer Mortgages, Buy to Let Mortgages, Self Cert Mortgages, Adverse Credit Mortgages, Home Mover Mortgages & Re-Mortgages. We offer a free online resource to people wanting to know more about mortgages and have “Whole of Market” access to lenders giving you impartial advice on current deals and offers. We have a learning section of the site giving advice on Fixed Rate, Variable Rate, Capped Rate, Discount Rate Tracker Rate, Cash Back & Flexible Rate Mortgages. No matter what your circumstances, we can help. The mortgage industry has changed dramatically over the last few years offering products to employed, self employed & Retired people with a range of credit histories. We’ll search & select from thousands of options and advise you based on your current circumstances on an Independent Basis.Contact us now for a Free Quote.
Based in south wales we offer a special face to face advice on mortgages and can arrange for an advisor to come and visit you in your home or arrange for you to pop into one of our offices. Out fees are extremely competitive, often less then £100. Give us a call to find out if you can save money from your mortgage payments.

Monday 4 June 2007

Interest rates reach a six year high

Homeowners with a mortgage of £100,000 have seen their monthly repayments rise by £16 on average after interest rates rose on 10 May, the fourth rise since last August. With some experts predicting the Bank of England Base rate will rise before levelling out, homeowners in Wales may soon feel the pinch.
Many local families have already been negatively affected by the rise in interest rates, while mortgages which are not fixed are the most likely to be affected, with some families, paying an extra £83 a month since rates began to rise. A rise to 6% may increase the financial hardship, with the threat of reposition a real possibility.
The Shadow Monetary Policy Committee, a group of economists from academia and financial firms, recently voted to hold interest rates at their current rate of 5.5%. However, three of the eight members want a quarter-point rise now, and Sunday Times Economics Editor David Smith reported an “overall bias to raise rates in the near future”.
My advice to anyone who feels they may have difficulty in keeping up with mortgage payments would be to contact your lender before they contact you. Your lender has a duty of care to advise you on your options with repossession always being the last resort.
Speaking to John Quesy, Director of Shelter Cymru, agreed that higher interest rates will have ab adverse effect on Homeowners with Mortgages in Wales.

By considering the affordability of a mortgage before committing yourself, interest rate rises should not have a detrimental effect on your finances. If you prefer knowing the exact monthly payments you should consider changing to a fixed rate mortgage where payments are fixed for a set period of time.
Daniel Morgan

If you have any questions for Daniel or would like to discuss your mortgage needs please feel free to visit www.fruitmortgages.com, email info@fruitmortgages.com or call 01685 873238.You can contact Shelter Cymru on 0808 800 4444 or visit www.sheltercymru.org.uk.

Sunday 3 June 2007

Welcome to my first blog

Hi and thank you for visiting my blog. My name is Daniel Morgan and I'm a 23 year old Mortgage Broker from Swansea in South Wales, UK. I set up a mortgage brokers called FruitFinance Mortgages recently. It is an Independent Mortgage Brokers with whole of market access to over 6,000 mortgages and insurance products. The reason I started the company was to provide good, honest and independent advice to people living in the UK. I have been a first time buyer, second time buyer and investment buyer thus understanding the ups and downs of being a financial consumer. I wanted my company, FruitFinance Mortgages, to provide the things that other did not. Firstly many mortgage brokers/mortgage advisers based in call centres have not got a mortgage themselves. How can an 18 year old part time student living with mum and dad, understand a middle ages man's family needs from a mortgage or insurance product? He can't and more often than not, the client will become frustrated at the mortgage advisers lack of understanding to his situation. My Mortgage Brokers will only have Mortgage Advisers with plenty of Mortgage experience. My website Fruit Mortgages - Independent Mortgage Brokers is a great resource for anyone looking to finance a property via a mortgage. I have also set up a Welsh micro site aimed at clients based in Wales. Mortgages Wales - Cheap Mortgages for Welsh Customers can be a great site for anyone living in Swansea, Cardiff, Newport, Aberdare, Merthyr, Bridgend, Neath or other parts of South Wales, North Wales, West Wales, etc.