
Archived Mortgage News - November 2007
Government figures confirm house price slowdown
House prices in London dipped more than those of any other areas of the country in October, new figures suggest.Data from the government's Land Registry suggested ...
Published: 30-Nov-2007
Nationwide alters tracker mortgage rates
Nationwide Building Society has revealed that it is increasing the rates on some of its range of tracker mortgages.The lender said that the new rates would be available ...
Published: 30-Nov-2007
Bank publishes mortgage lending figures
Decreases in mortgage lending in the UK in October were less severe than many experts had predicted, new figures show.Data from the Bank of England indicated that ...
Published: 29-Nov-2007
More people opting for bad credit mortgages
More and more consumers in the UK are considering bad credit mortgages, a new study has suggested.Analyst Mintel carried out a survey which suggested that 1.5 million ...
Published: 29-Nov-2007
House prices drop in November
New figures showed that house prices in the UK dropped considerably in November.According to Nationwide, house prices in the country fell by their sharpest rate ...
Published: 29-Nov-2007
Homeowners want to fix mortgage deals
Faced with uncertainty about future interest rates, many consumers would like to fix their current mortgage deal, a new study has suggested.Research from Abbey ...
Published: 28-Nov-2007
First-time buyers forced into areas they are not keen on
First-time buyers often have to use their mortgage to buy a property in an area that they do not want to live in, an industry expert has said.A spokesperson from ...
Published: 28-Nov-2007
Buy-to-let investors enjoying increasing demand
People with buy-to-let mortgages can expect their rental yields to improve in the coming months as demand from tenants is particularly strong at the moment, a new ...
Published: 27-Nov-2007
Expert: Building societies often offer best mortgage deals
Building societies offer higher levels of customer service than banks for consumers looking for the best mortgage deals, an industry expert has said.Neil Johnson, ...
Published: 27-Nov-2007
Consumers dont understand the impact of different mortgage rates
A new report has indicated that the majority of consumers in the UK could be ignoring the best remortage deals because they do not understand the impact of different ...
Published: 26-Nov-2007
Mortgage borrows need reassurance about the market
Mortgage borrowers need to be reassured that the market in the UK is stable and that lenders are financially secure, an industry expert has said.Chris Cummings, ...
Published: 26-Nov-2007
Market for bad credit mortgages could improve in 2008
At the moment the global credit crunch is making it harder for people to obtain adverse credit mortgages, but the situation is likely to improve during 2008, an ...
Published: 26-Nov-2007
Interest rate cuts are looking more likely
It is looking increasingly likely that the Bank of England will cut interest rates in the near future and ease pressure on those with mortgages, an industry expert ...
Published: 23-Nov-2007
More people opting for joint mortgages
More and more young people are only able to get on the property ladder by opting for a joint mortgage, a new report has warned.Scottish Widows Bank found that 72 ...
Published: 23-Nov-2007
Hips have not put people off buying homes
It is false to claim that fewer people are taking out mortgages and buying properties as a result of the recent introduction of Home Information Packs (Hips), an ...
Published: 22-Nov-2007
Agents report housing market slowdown
A study has indicated that fewer people are taking out mortgages and looking to buy a new home.The latest research from the National Association of Estate Agents ...
Published: 22-Nov-2007
EU considers sub-prime mortgage shake-up
It seems that the European Union could be about to introduce rules to limit sub-prime mortgage lending in the continent.Previously, it was thought that the EU's ...
Published: 22-Nov-2007
More homes for shared ownership completed in London
Figures have been published which show that a record number of new homes for shared ownership were completed last year in London.The capital's major, Ken Livingstone, ...
Published: 21-Nov-2007
Buy-to-let can still be profitable for investors
People can still make significant profits by using buy-to-let mortgages to invest in property, an industry expert has said.A recent study by the Royal Institution ...
Published: 21-Nov-2007
Mortgage lending jumps in October
Gross mortgage lending in the UK rose significantly last month, a new study shows.The Council of Mortgage Lenders (CML) published data which indicates that gross ...
Published: 20-Nov-2007
Landlords are planning on expanding portfolios
There could be an increased demand for buy-to-let mortgages in the coming years, as landlords are planning on expanding their portfolios of property, a study has ...
Published: 20-Nov-2007
EU unlikely to reform mortgage rules
It is unlikely that the European Union will drastically reform the continent's mortgage regulations in its long-awaited policy paper.EU internal market commissioner ...
Published: 20-Nov-2007
First-time buyers would move to get a property
A quarter of first-time buyers would consider moving to a different part of the country in order to use their mortgage to buy a home they can afford, a new study ...
Published: 19-Nov-2007
Government plans will impact equity release mortgages
Recent government announcements about inheritance tax thresholds could have an impact on the provision of equity release mortgages.As part of his comprehensive ...
Published: 19-Nov-2007
Report indicates gloomy housing outlook
People might not have to take on such large mortgages in the future, as a new study has indicated that house prices started to drop last month.Data from Rightmove ...
Published: 19-Nov-2007
Industry welcomes Banks forecast of rate cuts
An industry body has welcomed a Bank of England report which indicated that interest rates could be cut by as much as 0.5 per cent by next summer.Yesterday (November ...
Published: 16-Nov-2007
House prices to stagnate in 2008
Annual rates of house price growth are expected to stagnate in 2008, a report has warned.Mortgage lender Nationwide said that it expects house price inflation to ...
Published: 16-Nov-2007
More people need mortgage insurance
More people in the UK should consider insurance that would help them with mortgage repayments if they became unable to work, an industry expert has said.Writing ...
Published: 15-Nov-2007
UK mortgages have been hit by credit crunch
More and more consumers are finding that the global credit crunch has affected their ability to get the best mortgage deal, a new study has shown.GE Money Home ...
Published: 15-Nov-2007
Equity release mortgages most popular with pre-retired generation
Equity release mortgages are becoming more popular with people approaching the age of retirement, a new study has shown.Norwich Union questioned 1,600 people aged ...
Published: 15-Nov-2007
Consumers head online for mortgage advice
More and more consumers in the UK are turning to the internet to get advice about potential mortgages, a new report has indicated.According to Birmingham Midshires, ...
Published: 14-Nov-2007
People should buy rather than rent property
It is still cheaper in the long term to get a mortgage and buy a property, rather than rent, a new report has indicated.Abbey's latest UK Rent Versus Buy Index ...
Published: 14-Nov-2007
Remortgaging remains robust in September
While the total value of mortgages lent to consumers in the UK in September declined, remortgaging activity remained strong, a new study has shown.The Council of ...
Published: 13-Nov-2007
Hips have put people off buy-to-let mortgages
An industry expert has suggested that the government's Home Information Packs (Hips) have put people off using buy-to-let mortgages to invest in rented property.Hips ...
Published: 13-Nov-2007
Report suggests fewer people are looking to buy
Another report has indicated that house prices in the UK dropped last month.According to the Royal Institution of Chartered Surveyors (Rics), 22.2 per cent more ...
Published: 13-Nov-2007
Homeowners should consider changing mortgage provider
Homeowners that do not look to change their mortgage providers in search of a better deal could potentially be throwing away hundreds of pounds a month, according ...
Published: 12-Nov-2007
House price growth slows
UK house price inflation continued to slow in September, with prices rising by just 0.3 per cent compared with rises of 0.5 per cent in August and two per cent ...
Published: 12-Nov-2007
Mortgage holders would have liked an interest rate cut
People with mortgages would have liked the Bank of England to have reduced interest rates yesterday (November 8th), an industry body has suggested.The Bank's ...
Published: 09-Nov-2007
House prices drop in October
House prices in the UK fell in October, a new study has suggested.According to Halifax, house prices dipped by 0.5 per cent during the month. This means that the ...
Published: 09-Nov-2007
Buy-to-let mortgages are getting more expensive
It is getting more and more expensive for people to get buy-to-let mortgages, a new report has indicated.A study by the Royal Institution of Chartered Surveyors ...
Published: 09-Nov-2007
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