Bank of England has cut rates in an attempt to keep the economy moving. The US Federal Reserve has recently cut rates from 4.25% to 3%. Anyone looking to remortgage can expect to get a better deal especially some one with a bad credit mortgage.

It will be a welcome cut for homeowners and anyone arranging a first time buyer mortgage as energy prices are increased, and Council Tax rates are set to rise in certain areas of the country.  

The Woolwich is one of the first big Lenders to announce it will be cutting its Standard Variable Rates (SVR) by the full 0.25% following the Bank of England’s announcement. This has an effect on anyone on a base rate tracker mortgage.

A further cut is likely, inflation will be watched closely. It currently stands at 2.1% but rising energy costs and food prices are expected to push the inflation up further past the 2% target.

The Thames gateway is regarded as being as one of the government’s solution to the housing crisis in the South East. They are looking to build 120′000 homes and create 180′000 jobs by 2016 in one of the biggest growth initiatives in the UK.    

Gordon Brown has unveiled plans to investment £9 billion in the Thames Gateway project. The Prime Minister Mr Brown has said that the money will be used to fund infrastructure such as transport, education and new homes. The properties at the Thames gateway will need funding with mortgages.

“The Thames Gateway is about housing but it is more than a housing project. It’s about transport but it is more than a transport project,” said the prime minister.

“It is a historic endeavour to bring so many people of determination and initiative together to create one of the most vibrant and successful areas in the world,” Mr Brown added.

The government plans to build three million new homes by 2020 in an effort to meet the demand for housing. Will investors try to get in on the act and try and buy properties in the Thames gateway with buy to let mortgages?

Looking for a 100% mortgage. Every one wants the best mortgage deal at the best rates available. Fixed 100% mortgages deals help individuals become financially stable. Tracker 100% mortgages offer borrowers the chance of having a reduced payment if the lender drops the rate in line with any decreases that the Bank of England make.

If you want to borrow above the property value, here are some of the 100% mortgages deals available.

Birmingham Midshires are currently offering a Tracker at 6.74% a 2 year fixed rate at 6.99% and a 5 year deal at 6.69% they all come with a £1995 arrangement fee.

If you want to borrow just up to the property value, here are some of the 100% mortgages deals available.

Cheltenham & Gloucester are currently offering a tracker at 6.18% and a 3 year fixed rate at 6.18 they both have a £2750 arrangement fee. The Mortgage Works have a 5 year fixed rate with a £499 arrangement fee.

100% mortgages are currently very hard to secure due to lenders increasing the credit score you need to get the amount you require to purchase a house at today’s values.

Looking to remortgage your council house.  Are you looking for a council house remortgage which suits your needs?  Every one wants a cheap council house remortgage deal at the best rates available. 

Cheap council house remortgage rates enable a borrower the following benefits, Low interest rates, easy repayment options. Remortgage loans replace the existing council house mortgage with a new one from either the same lender or a new lending company. It helps to reduce monthly payments and release home equity. Competitive council house remortgage deals help individuals become financially stable.

Getting a cheap council house remortgage could be a way of reducing your monthly outgoings or freeing up equity in your property for other expenses.  Many lenders are now offering more competitive interest rates to attract new business, and switching lenders can be easier than you might expect.

Please note that once a property has been sold under a Right to Buy purchase program, the local Council will no longer retain the title deeds, and these will be passed across to the mortgage lender. If you remortgage your council house within the first 3 years you will not be able to increase the amount you borrow, unless it’s for additional home improvements. You must obtain quotes and get the additional borrowing agreed by the local authority.