|
Information Centre
 The 'LoanXpress' website is owned by 'The Mortgage Directory', and led by Brian Abbott  and Paul Grieveson who have both attained qualifications of 'Financial Planning Certificate' and 'CeMap' (certificate of mortgage advice and planning).
Together, Brian and Paul have many years experience in the finance industry dealing with mortgages, investments, pensions, general insurance, life and critical illness cover, commercial mortgages and bridging finance. During the years links with many well-established banks and financial organisations have been forged. Now we have partnered with those companies to meet our clients' needs through this website; so our company is well placed to get you what you want fast.
'LoanXpress' is your link to UK secured loans, UK commercial mortgages and UK bridging finance. We are also your prime link to Spanish Property, Florida property and mortgages for properties in Spain and Florida; and even commercial mortgages in Spain.
We have tried to make this website as convenient as possible for you to use and you should be able to do everything online. All your questions should be answered by using the FAQs page, our Glossary page or using the contact information relevant to each subject on the corresponding pages, but in the unlikely event that there are unanswered questions, please contact us on the number below or e-mail us with your query.
Head Office:
The Mortgage Directory
25 Albany Street West
South Shields
Tyne and Wear
NE33 4BE
Consumer credit license number: 482776
Data Protection registration number: Z4761272
Phone:0800 083 2756
Fax from UK:0191 500 6700
From the US:316 223 8978
Phone from international:44 191 4275888
e-mail:
info AT themortgagedirectory.co.uk
PLEASE NOTE THAT 'AT' HAS BEEN USED IN THE EMAIL ADDRESSES SHOWN ABOVE, BUT OBVIOUSLY YOU SHOULD USE @ AND OMIT THE SPACES. WE HAVE FOUND IT NECESSARY TO DO THIS BECAUSE OF UNSCRUPULOUS PEOPLE HARVESTNG OUR EMAIL ADDRESSES AND THEN SPAMMING US WITH JUNK.
....................
Brian Abbott's thoughts:
22 September 2007: What a turbulent time it's been in the UK mortgage market. It's certainly right what they say about if the US sneezes the UK gets a cold. I looked with disbelief at the queues outside Northern Rock branches, which were reminiscent of the old Tory 'Saatchi and Saatchi' ad 'Labour isn't working'.
This panic was in response to the Bank of England supporting Northern Rock. How ridiculous. Did they really think that the Bank of England was going to go bust? They were actually making the situation worse and before long there were sane people in the queues, because of the fear of the insane people bringing Northern Rock to its knees.
This illogical response to Northern Rock's problems was just down to human nature. This can be seen in many other situations in day to day life. There is a hard core of people out there to whom you can talk to and try to persuade them to see a certain point of view, but you will get nowhere fast. Many a time in the past I've had potential mortgage clients drop me like a hot cake and not proceed with their mortgage application. Why? Answer: "Because my dad's advised me to go to the Halifax" (or some other well known bank) . But I was 'Whole of Market'!? I've learned not to let it get to me. It's a law of nature. A certain percentage of the population have got their minds made up. Sod logic.
.......................
24 October 2007: Well, since the Northern Rock disaster it's been fun in the mortgage market. Er, no it hasn't. I was being ironic. Most lender's in the adverse mortgage market have withdrawn products, reduced loan-to-value (indeed some have limited lending to 75%), one lender has withdrawn all products, some have increased interest rates and so on. I think some changes were necessary, but I think overall there has been an over reaction, but I am being told that it is necessary, because lenders would not otherwise be able to sell on their 'mortgage book'; this process is known as securitisation. It hasn't helped business for me, that's for sure. I look forward to the next sitting of the Bank of England. You never know, they may just drop the base rate by 0.25%. I hope so, it will be good for me personally and also for my clients. Everybody is being squeezed to bursting point, what with oil hitting $90 a barrell and anything car related being taxed to the hilt. Thank you, Gordon Brown (how come the Scottish parliament is doing a much better job than the English one, sorry British one, or is it English? I'm confused).
By the way, I failed to mention that apart from being co-owner of this website, which deals in non-regulated financial products, I am a self employed independent mortgage broker. My company name is Mortgage Finance UK and based in South Shields. I specialise in adverse credit mortgages. I can be contacted on 0844 870 0573 8am - 8pm week days and 8am - 5pm weekends. Email contact is brian.abbott5 'AT' btinternet.com (replace 'AT' with '@'obviously; I've got to display it like that, because of those imbeciles using software to harvest emails from websites only to subsequently bombard the emails with spam). I haven't got round to setting up a website yet, because it's so damn boring creating one and it's so much work (I refuse to engage a professional, because most are useless and haven't got the all round skills to create a successful site - but that's a totally different subject, which I could rant about ad nauseum, so that's it for now).
.........................
25 October 2007: It's coming up to the time of year when people start thinking of loans. If it's the secured variety you can apply through this site at http://www.loanxpress.co.uk/loans.aspthere's an online enquiry form, which you'll find if you click the 'Apply Now' button. Please provide as much information as possible.
A secured loan is not for everybody, obviously you have to be a homeowner and you'll need equity in your property (the difference between the mortgage amount and the property value). A secured loan is suitable in certain circumstances, e.g. where you may have failed to qualify for an unsecured loan; where you want a longer term than an usecured loan (maximum 7 years for unsecured); where you may wish to borrow more than £25000 (this is the maximum for unsecured loans); where a remortgage is not viable, because you would suffer early repayment charges and it would be too long for you to wait till the end of the expiry period; where you cannot prove income. Those are some examples. You can borrow from £5000 - £250000 if your income allows and you can take it over the remaining term of your mortgage if you wish. There are plans for adverse credit loans and self-certification loans for the self-employed. A bad credit does not automatically stop you from getting a loan, however if you have been bankrupted, you must have been discharged. Completing the enquiry form does not commit you, so there is no need to hesitate.
We can also arrange unsecured loans, but you'll need to ring us on the freephone number for those types.
..........................
I meet regularly with representatives of mortgage lenders in order to keep abreast of the ever changing criteria. Todays meeting with a business development manager representing an adverse credit lender wasn't very spectacular, because they had pulled in the reins on most of their product range. Previous to the crisis in the american mortgage market, they used to lend to 95%, but now it's 80% maximum. However, one gem came out of the meeting. It is possible to remortgage with one of their products and complete in 5 days! This is the perfect product to pull somebody from the brink if they are facing repossession.
It alarms me that so many people bury their head when in financial trouble. On occasions in the past I have been able to save clients from repossession by simply remortgaging. Obviously, this cannot help everybody facing the prospect of losing their home, but I am sure that a significant proportion can be saved. There are products which allow for a significant amount of credit problems including county court judgements, defaults and mortgage arrears. Indeed, there are plans which allow an unlimited amount of county court judgements and arrears. The caveat is that the interest rates will be higher and loan to value will be limited. Each case will be different, but the important thing is that people should talk to professionals when they find themselves in trouble; the sooner the better. Brian Abbott 0844 870 0573
...........................
Useful Resource Page 1Useful Resource Page 2Useful Resource Page 3
Free web directory, accepting free link submissions.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
| 
