Latest Mortgage News

The Royal Institute of Chartered Surveyors (RICS) has today released a report indicating that the housing market has improved slightly. In their Housing Market ...
Published: 12-May-2009

In an announcement made earlier this morning, the Nationwide has announced the launch of a new variable rate mortgage product priced at 3.99%. The new product ...
Published: 27-Apr-2009

Rightmove have today released data which conflicts with other major house price indices, and reports an increase in the last month. The survey, which records the ...
Published: 16-Mar-2009

The Council of Mortgage Lenders (CML) has today confirmed that mortgage lending has continued to fall during the first part of the year. The figures show significant ...
Published: 12-Mar-2009

In a report released yesterday the Council of Mortgage Lenders (CML) urged the government to simplify the various Homebuy affordable housing schemes. For some while, ...
Published: 11-Mar-2009

In a statement earlier this morning, the Coventry Building Society announced changes to their current range of mortgages, including the introduction of two new ...
Published: 04-Mar-2009

In what is seen as an attempt to pre-empt any reduction in the Bank of England base rate later this week, the Woolwich have today made sweeping changes to the mortgage ...
Published: 03-Mar-2009

Whilst mortgage costs have fallen for some borrowers, the full effects of the cuts in Bank base rate is not yet evident according to Andrew Sentance who is a member ...
Published: 25-Feb-2009

As a result of an announcement earlier today, Northern Rock may bizarrely go from sinner to saint and become the saviour of the UK mortgage market. Having previously ...
Published: 23-Feb-2009

The Coventry Building Society has today announced a surprisingly pragmatic solution to some customers reaching the end of their current mortgage deal. The new scheme ...
Published: 18-Feb-2009

House buyers in the United Kingdom are becoming more enthusiastic according to the Royal Institute of Chartered Surveyors (RICS). In a statement released today, ...
Published: 17-Feb-2009

Abbey have announced the launch of a new mortgage range available immediately. The changes include a reduction to some two and three year fixed rates, and some ...
Published: 13-Feb-2009

In a report published today, the Council of Mortgage Lenders (CML) reported the lowest number of new mortgages for house purchase in the last thirty four years. ...
Published: 12-Feb-2009

The Council of Mortgage Lenders has indicated that the number of repossessions last year could well be lower than expected. The CML issued its initial estimate ...
Published: 11-Feb-2009

The Royal Institute of Chartered Surveyors (RICS) has today released the results of its Housing Market Survey for January. Whilst the majority of the results suggested ...
Published: 10-Feb-2009

According to the Abbey, the credit crunch is having the effect of drawing some families back together. In a statement released today, the Abbey said that last year ...
Published: 09-Feb-2009

This lunchtime the Bank of England announced a further reduction in the base lending rate to 1%. The announcement today means that the Bank of England has now set ...
Published: 05-Feb-2009

In a change from the ongoing dismal economic news, Abbey have announced a significant jump in pre-tax profits. The figure of £991 million represents an increase ...
Published: 05-Feb-2009

The Woolwich, the mortgage brand of Barclay Bank has today announced a new lower fixed rate mortgage which is believed to be the lowest in the brand's history. ...
Published: 29-Jan-2009

In a welcome move, a number of mortgage lenders have today announced a reduction in the interest rates which will be charged to new customers. It has been noticeable ...
Published: 23-Jan-2009

In an announcement released late yesterday afternoon, the Nationwide Building Society has announced a relaxation of its previous stance concerning the collar applied ...
Published: 09-Jan-2009

The Bank of England has today announced a reduction in the base lending rate of 0.5%, moving the Bank of England base rate to 1.5%. The cut today takes the base ...
Published: 08-Jan-2009

As Christmas approaches, there could be the tiniest glimmer of hope for the housing market in the New Year according to Margaret Beckett, Minister for Housing. ...
Published: 16-Dec-2008

According to the Royal Institute of Chartered Surveyors, it is the banks and mortgage lenders who are making the house price crash worse than it need be. In particular, ...
Published: 10-Dec-2008

In a report published yesterday, the Council of Mortgage Lenders has tried to fight back against government demands by saying that their policy objectives are conflicting ...
Published: 10-Dec-2008

The Council of Mortgage Lenders have released statistics showing a slight increase in the level of mortgage lending in October. Gross mortgage lending was £18.7 ...
Published: 20-Nov-2008

Announcements from both the Abbey and Alliance & Leicester would seem to indicate that attempts by the government and Bank of England to lower the cost of borrowing ...
Published: 12-Nov-2008

The Bank of England's rate setting body the MPC surprised many with a 1.5% reduction to the base rate, bringing it down to 3% due to growing concerns over the downturn ...
Published: 06-Nov-2008

Business Development Managers for Woolwich (Barclays) have been contacting mortgage brokers today to provide advance warning of an increase to their tracker rates ...
Published: 05-Nov-2008

The Council of Mortgage Lenders yesterday called on the Treasury to publish the findings of the Crosby review of mortgage funding. The results of the review have ...
Published: 29-Oct-2008