Archived Mortgage News - February 2009
Full effects of base rate cuts not yet evident
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
Could Northern Rock go from sinner to saint
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
Coventry Building Society launches pragmatic solution
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 more enthusiastic
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 launch new mortgage range
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
Lowest house purchase mortgages for thirty four years
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
Repossessions could be lower than expected
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
More buyer enquiries may help sales
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
Youngsters return home as home cooking increases
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
Bank of England cuts rates again
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
Huge jump in Abbey profits
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
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Latest News:
UK Financial Solutions New Mortgage Sourcing System Goes Live
UK financial Solutions has partnered with Evaluate Technologies to embed their online mortgage comparison service that ensures you get the best mort...
Published: 15-Sep-2009
BOE increases quantitative easing and holds the base rate
The Bank of England announced today that for the fifth consecutive month the base rate will be held at 0.5%, and that quantitative easing will be incr...
Published: 06-Aug-2009
Rise in Intermediary Mortgage Products Signals a Stabalising Market
Further news that the market may be stabilising has come from Mortgage Brain, one of the main sourcing systems available to intermediaries. Their fi...
Published: 06-Aug-2009
