Size Mega

Mortgages. The Return Of The Mega-Mortgage.

With the housing market is now showing marked signs of recovery, especially in the South and London, the number of homeowners mortgaging for more than £500,00 is increasing. (Also see Latest Market Facts at the end of this article.)

Previously, prospective borrowers for these mega mortgages have experienced a mixed reception from the lenders - sometimes the lenders would provide the facility but viewed them as higher risk. For that reason lenders typically charged a premium rate of interest. But no longer. The tide has turned.

Mega mortgages have well and truly joined the mainstream and lenders are now competing hard for the business. Instead of facing a premium, borrowers are being offered around a quarter of a percent less than comparable deals for more normal sized mortgages. This is because lenders are increasingly basing their lending decisions on the borrowers ability to afford the mortgage with lesser emphasis being placed on the security provided by the property. It also helps that interest rates remain low.

If you're a potential mega mortgage borrower, you'll find that the banks will generally be the most welcoming. Compared to building societies and other mortgage lenders, banks tend to set higher lending limits. Some smaller lenders still set a cap at £500,000 whilst others restrict the amount they'll lend against an individual property. But perhaps the best way of finding a really competitive mega mortgage is to go through a specialist mortgage broker. In the current market, any broker worth their salt will be able to source a great deal on six and seven figure mortgages.

For example, the Halifax will lend up to 90% on a 4.49% fixed rate for a two years on mortgages up to £2 million. And the arrangement fee is just £499. If you've got a larger deposit, at least 25%, then there are several other deals around at 3.99% - again for a two year fix usually with a fee of just a quarter of a percent.

Latest House Market Facts

In March, the average achieved sales price was 94% of the asking price.

The average number of viewings to sales was 11.

During March house prices in England and Wales rose by 0.5% driven by buoyant London market. London prices grew by 1.1%.

This is the fourth month in succession of house price growth. It's also the highest monthly rise since the summer 2004.

Over the last 12 months house prices rose by 0.1%.

The performance of the London market results from of a number of factors:

· A shortage of new housing coming onto the market

· London has underperformed in terms of house price growth over the last few years. This in turn has meant that incomes and house prices in the capital are more closely aligned than in other regions.

In other parts of England and Wales, levels of affordability remain stretched.

At a local level away from London, prices have picked up - mainly in cities in the South of England. Berkshire (0.7%) and East Sussex (0.6%) performed well.

Cities in the North saw slower price growth, with Newcastle, Liverpool, and Manchester all reporting growth of just 0.1%.

The under-performing counties were Derbyshire (-0.1%) and the Isle of Wight (-0.1%).

The areas reporting the highest rises in March were all across London: Central London

About the Author

Scrouge Life Insurance offer you access to deals on mortgages, remortgages and much much more.

Mega Clapboard Cutout $29.99 Mega Clapboard Cutout Size: 42' x 33'

Mega Director's Gift Basket $74.99 Mega Director's Gift Basket contains adorable accessories for the individual who fancies of being a movie director. Includes wearable and decorative director's paraphernalia. Director Cap, One Size Fits All Director License Plate, 12" W x 6" H Authentic Film Reel, 9" Dia. Clapboard Picture Frame, 6" W x 7" H, Fits 5" H x 3.5" W Photo Movie Camera Pen Hollywood Mug, 12 oz. Hollywood Star Teddy Bear, 8" H Large Clapboard, 11" W x 11.5" H Large Decorative Director Megaphone, 7.25" Dia. X 12.5" H Director Tshirt, Please select a size S-XXL

Legolas Door Size Poster $14.99 Legolas Door Size Poster

Beatles Door Size Poster $14.99 Long poster of the Beatles. Size: 21x62".

Scarface Door Size Poster $14.99 Long Scarface poster features movie scenes. Size: 21x62".

Britney Spears Door Size Poster $14.99 Long poster of Britney Spears in a leather jacket. Size : 21x62".

Mega Mega Mega $12.49 Mega Mega Mega

Policewoman Cutout $29.99 Life-size cardboard cutout of a policewoman.

Fighter Pilot Cutout $32.99 Fighter Pilot Cutout SIZE: 6'

The Wolfman Poster $7.99 The Wolfman poster. Size: 22"x34"

Scooby Doo Poster $7.99 Scooby Doo skateboarding. Size: 23x35".

Comic Heroes Poster $7.99 Marvel characters and superheroes. Size: 22x34".

Tom Berenger Print $5.99 Tom Berenger print Size : 8x10".

Mega Star Trophy Cutout $29.99 Mega Star Trophy Cutout Height: 6'.

Phillies Mega Ticket $74.8 Phillies Mega Ticket Officially licensed by Major League Baseball, Mega Tickets are cutting-edge wall art for the true sports aficionado. Each Mega Ticket is an exact replication of an authentic MLB ticket that is enlarged 500%, printed on archival canvas, and professionally stretch-mounted using state-of-the-art technology and equipment on to wood frames. Mega Tickets are the next big thing in sports collectibles. Mega Tickets are ideal for autographs. Your friends will be jealous. Overall size: 13 (W) x 35 (H) x 3/4 (D).

Marilyn Framed Print Poster $7.99 Marilyn Monroe in a classic pose. Size 24x35".

James Dean, 'Jacket' Poster $8.99 The legend, James Dean, 'Jacket' poster. Size: 24x36".

Tupac Framed Print Poster $7.99 Tupac poster 1971 - 1996 Size: 24x35"

Lucy 'Hero' Poster $7.99 Lucille Ball as a 'Superhero' Poster Size : 22.5x34.5"

Mach 5 Cutout $29.99 Mach 5 Cutout Size : 80" x 21"

Dumbo Cutout $32.99 Dumbo Cutout Size 36" x 41"

Jasmine Cutout $32.99 Jasmine Cutout Size 5'1" x 25"

Mulan Cutout $32.99 Mulan Cutout Size 5' 2" x 24"

Pocahontas Cutout $32.99 Pocahontas Cutout Size 5' 2" x 24" "

Carmen 'Chain' Poster $7.99 Erotic Carmen wrapped in chains Size: 22.5"x34.7"

Peter Pan Cutout $32.99 Peter Pan Cutout Size 5'3".

Lady and the Tramp Cutout $32.99 Lady and the Tramp Cutout Size 3' x 35" "

Belle and Beast Cutout $32.99 Belle and Beast Cutout Size 6' x 56"

John McCain Cutout $32.99 John McCain Cutout Size 69" x 24"

Legolas Poster $7.99 Legolas from 'Lord of the Rings' Size: 22.3"x34.5"

Extreme Zombies Poster $7.99 Extreme Zombies Getting Wild Size: 22.3"x34.7"

Hilary Duff Poster $7.99 Actress/Vocalist Hilary Duff Size: 22.2"x34"

Underworld Movie Poster $7.99 A movie poster of 'Underworld' Size: 22.3"x34"

Evanescence Poster $7.99 Alternative rock band, Evanescence Size: 24"x36"

Jenna Jameson Poster $7.99 Poster of Hot Jenna Jameson Size: 22.5"x34.5"

Beyonce Poster $7.99 Beyonce' in 'Crazy in Love' Size: 22.3"x34.5"

Britney Spears Poster $7.99 Teenage Star: Britney Spears. Size: 24x36".

The Sopranos Poster $7.99 HBO's The Sopranos': Family, redefined. Size: 23x35".

Kill Bill Montage Poster $7.99 Uma Thurman in 'Kill Bill'. Size: 24"x34"

Rocky Movie Poster $7.99 Rocky movie poster with Sylvester Stallone. Size: 24x36".

This entry was posted on Thursday, December 10th, 2009 at 11:00 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.