Archived Mortgage News - January 2008

Egg has launched what, it claims, will be a market-leading product among fixed rate mortgages.The three-year deal will be made available to homeowners tomorrow ...
Published: 31-Jan-2008

House prices fell by just 0.1 per cent this month, with the price of a property still 4.2 per cent higher than a year ago, new figures have revealed.The statistics, ...
Published: 31-Jan-2008

Norwich Union has announced a series of price cuts across its mortgage life insurance and term assurance product ranges.The firm highlighted the impact of the credit ...
Published: 31-Jan-2008

More than one million mortgages held by UK homeowners offer "cause for concern", a new report has claimed.The study, published by the Financial Services ...
Published: 30-Jan-2008

Mortgage approvals for new home purchases fell last month, reaching their lowest level since 1995, according to new figures published today (January 30th).The Bank ...
Published: 30-Jan-2008

Mortgage repayments are the single biggest financial burden on households across the UK, new figures have revealed.A report, published by the Office for National ...
Published: 29-Jan-2008

Stroud and Swindon has expanded its range of tracker and fixed rate mortgages, with the addition of three new products.Homeowners can now take advantage of two ...
Published: 29-Jan-2008

Average mortgage costs have risen significantly over the past few years, according to newly published figures.The UK Housing Review, compiled by the Chartered Institute ...
Published: 28-Jan-2008

Demand for buy to let mortgages looks set to increase this year, with new figures revealing growing rents, yields and portfolios over the course of 2007.Data published ...
Published: 28-Jan-2008

Mortgage Express has re-priced its lifetime mortgages, with the lender claiming that the products now represent some of the best buys in the sector.Its Lifetime ...
Published: 28-Jan-2008

Scarborough Building Society is the latest mortgage provider to be offering a new range of fixed rate deals to the millions of homeowners whose current deals are ...
Published: 25-Jan-2008

Leeds Building Society has unveiled a new range of three and five-year fixed rate mortgages, with rates starting from 5.35 per cent.The mortgage provider is offering ...
Published: 25-Jan-2008

Mortgage provider Alliance & Leicester has introduced a range of newly priced two, three and five-year residential fixed rate mortgages, with interest rates ...
Published: 24-Jan-2008

Mortgage lending remained weak in December, mirroring the situation over the previous few months, according to new figures published today (January 24th).Statistics ...
Published: 24-Jan-2008

Mortgage approvals fell significantly last month, new figures have revealed, adding to calls for a reduction in interest rates by the Bank of England.Figures published ...
Published: 23-Jan-2008

Abbey have announced reduced mortgage interest rates for a number of their fixed rate products, while also adding a series of new offerings to its range.The lender's ...
Published: 23-Jan-2008

Nationwide has increased the mortgage interest rates payable on its tracker products, citing the effects of higher funding costs on their inability to keep rates ...
Published: 22-Jan-2008

Skipton Building Society has re-launched its range of fixed rate mortgages, offering homeowners rates starting from 5.34 per cent.Products are available for two, ...
Published: 22-Jan-2008

Gross mortgage lending hit record levels last year, with new figures revealing an above-estimate total of £362 million was lent over the course of 2007.The ...
Published: 21-Jan-2008

Just Retirement has made changes to its products available for homeowners looking to take out equity release products such as lifetime mortgages.As of today (January ...
Published: 21-Jan-2008

Five million UK homeowners admit to not being on the most competitive mortgage deal available, according to a new study.Research published by Abbey claimed that ...
Published: 21-Jan-2008

Demand for first time buyer mortgages looks set to grow with the news that the share of the property market taken by those buying their first home increased last ...
Published: 18-Jan-2008

NatWest has offered a boost to landlords and investors by doubling its property limit for buy to let mortgages.In a move that aims to attract landlords with larger ...
Published: 17-Jan-2008

Woolwich has acted on its belief that the market for fixed rate mortgages is set to increase by launching three new products in the category.The lender has made ...
Published: 17-Jan-2008

The Post Office has announced the second cut to its mortgage interest rate for three-year fixed rate lenders in the past two months.Yesterday's (January 15th) ...
Published: 16-Jan-2008

The equity release sector continued to increase in size last year, with new research revealing that demand for the service has grown by nine per cent in the past ...
Published: 16-Jan-2008

Despite the global credit crunch, and its effect on mortgage lending, leading to a fall in house prices, interest rate cuts could help to inject life into the UK ...
Published: 16-Jan-2008

More than two-thirds of mortgage brokers expect the baseline interest rate to end the year below its current level of 5.5 per cent, according to new research.A ...
Published: 15-Jan-2008

As the number of residential mortgages has fallen, the demand for buy to let mortgages has continued to increase, new figures have revealed.Research from Hamptons ...
Published: 15-Jan-2008

Less than a fifth of new mortgages approved last year were either labelled 'sub-prime' by their lender or given to a homeowner with no proof of income, ...
Published: 14-Jan-2008

Scottish Widows has launched a new ten-year fixed-term product, looking to target homeowners who are coming to the end of their current mortgage deals this year.The ...
Published: 14-Jan-2008

Despite concerns over high mortgage repayments, a new survey has revealed that mortgage debt is not increasing as fast as the value of the UK's housing assets.Figures ...
Published: 14-Jan-2008

While homeowner's initial reaction to yesterday's (January 10th) decision by the Bank of England to hold interest rates at 5.5 per cent may have been negative, ...
Published: 11-Jan-2008

The Business Mortgage Company (TBMC) has launched a new buy-to-let product for landlords aiming to purchase discounted properties.Aiming to satisfy the needs of ...
Published: 11-Jan-2008

A new range of fixed-rate mortgages has been launched today (January 10th) by Leeds Building Society, offering two, three, five and ten-year products.Both the two ...
Published: 10-Jan-2008

The Bank of England's Monetary Policy Committee has decided to keep interest rates on hold at 5.5 per cent.Today's (January 10th) announcement follows last ...
Published: 10-Jan-2008

Homeowners should not expect reductions in the interest base rate to automatically cause lenders to reduce their own mortgage interest rates, a leading industry ...
Published: 10-Jan-2008

Less than half of Britons expected a financially significant event to affect them over the past two years, according to new research.This comes despite the figures, ...
Published: 09-Jan-2008

The chancellor, Alistair Darling, has called on banks and building societies to pass on any cuts in interest rates to homeowners.Speaking at Prime Minister Gordon ...
Published: 09-Jan-2008

Buy-to-let mortgages look set to maintain their popularity in 2008 with the news that four out of ten landlords expect to invest further in rental property this ...
Published: 08-Jan-2008

While mortgage affordability has been hit by the global credit crunch, business levels in the market remain relatively healthy, according to a leading industry ...
Published: 08-Jan-2008

The surprise rise in house prices in December indicated today (January 8th) by new figures from the Halifax should not be taken as a sign of a longer-term upward ...
Published: 08-Jan-2008

Specialist buy-to-let lender CHL Mortgages has expanded its range of fixed rate and tracker products.The company has added four fixed rate and two tracker mortgages ...
Published: 07-Jan-2008

Monthly mortgage repayments have increased to their highest level in seven years, according to new figures published today (January 7th).The statistics, published ...
Published: 07-Jan-2008

New mortgage industry regulations suggested by the financial services watchdog could do more harm than good, an industry association has claimed.Last June the Financial ...
Published: 04-Jan-2008

The number of new mortgages approved for house purchase fell to their lowest level in three years last November, according to new figures published by the Bank ...
Published: 04-Jan-2008

Yesterday's (January 3rd) figures revealing worsening credit conditions make it even more imperative for homeowners to plan ahead in 2008, according to a leading ...
Published: 04-Jan-2008

House prices in England and Wales were broadly stable in November, according to new figures, rising by 0.6 per cent.Statistics from the Land Registry revealed that ...
Published: 03-Jan-2008

People in the UK looking to secure a mortgage could find that credit is harder to come by as we go into 2008, according to figures from the Bank of England.The ...
Published: 03-Jan-2008

Buy-to-let mortgages are set to grow to represent 15 per cent of all new mortgages by the end of this year, according to new research.The figures, published by ...
Published: 02-Jan-2008

As many as one in four homeowners do not know where to turn for advice about equity release mortgages, a new study has indicated.However, the survey by the Newcastle ...
Published: 02-Jan-2008