19

May

What is a Fixed Rate Mortgage?

May 19, 2023AVRilloBlog, Conveyancing, Mortgages

Basics of a Fixed Rate Mortgage in the UK Are you considering purchasing a new home or refinancing your existing mortgage in the UK? If so, you may have come across the term "fixed rate mortgage." In this comprehensive guide, we will delve into the ins and outs of fixed-rate mortgages, explaining what they are,...

07

Nov

The Conveyancing Process on the Sale of a Property

November 7, 2022AVRilloBlog, Conveyancing, Mortgages

Conveyancing Process When Selling a House Selling a property in the UK can be a confusing and stressful process, especially if you're not familiar with the conveyancing process. In this blog post, we'll give you a brief overview of the conveyancing process for the sale of a property in the UK so that you can...

27

Oct

How Long Does Conveyancing Take After A Mortgage Offer In The UK?

October 27, 2022AVRilloBlog, Mortgages

The average time it takes to complete the conveyancing process is 8 to 12 weeks. However, this can vary depending on the type of property you are buying, your mortgage lender, and the solicitors involved. In this blog post, we will outline the different stages of conveyancing and give you an idea of how long...

28

Jan

Which? claim most mortgage holders don’t know their interest rate

The mortgage advice division of the consumer group Which? have released new research revealing that 32% of mortgage holders are unaware of the rate of interest on their mortgage with 29% knowing their exact rate. Related: House Conveyancing Solicitors Redditch In a separate analysis by Which?, it found that there has been a 55% increase...

28

Jan

Mortgage lending data released

According to new data, Mortgage lending for home buyers plunged by 9% in November, but has risen by 18% over a full 12 month period. The Council of Mortgage Lenders also say there were 27,900 loans to first time buyers in November, which is a decreased figure of 8% month-on-month, but increasing 10% on the...

28

Jan

Mortgage lending is up!

Chartered surveying company e.surv says overall house purchase approvals, on a seasonally adjusted basis, decreased to 68,218 in December. Though, the second half of the year saw a strong monthly average of 69,572 approvals, compared to the 64,047 in the first six months of 2015. Related: House Conveyancing Solicitors Portsmouth The whole of 2015 has...

28

Jan

Mortgage Lenders Return with New Deals

A recent article in the Guardian suggests that Banks and Building Societies are slowly returning to the UK Property market with new Mortgage deals. Access to mortgages is another vital step towards a confident booming property in the wake of the COVID-19 epidemic. At AVRillo Conveyancing we know there are many reasons why transactions fail, but your...

28

Jan

Fixed Rates and Mortgage Fees on the Rise

According to Financial Reporter, Fixed Rate Mortgages and Mortgage Fees in general have begun to rise. Research by Moneyfacts shows that average rates for fixed mortgage deals, both with and without a fee, have increased by 0.25% and 0.33% respectively since July. However, these remain 0.35% and 0.19% lower than in March of this year....