Archived Mortgage News - December 2007

Joint mortgages can offer an excellent option for first time buyers looking to move onto the property ladder, according to a leading mortgage provider.The product ...
Published: 31-Dec-2007

Leeds Building Society is offering a discount of over £1,000 on its two-year fixed term mortgage product in January.As well as an interest rate of 5.4 per ...
Published: 28-Dec-2007

The rate of increase of mortgage lending fell in November, while the number of mortgage approvals also fell, according to new figures published today (December ...
Published: 27-Dec-2007

The number of first-time buyers entering the UK housing market is at its lowest since 1980, according to the fifth annual First Time Buyer Review from Halifax.Approximately ...
Published: 24-Dec-2007

Homeowners coming to the end of their fixed term mortgages should use the Christmas and New Year break to carefully consider their options, according to a leading ...
Published: 21-Dec-2007

Further cuts in the interest rate would play an important role in helping to boost the mortgage market and improve the situation for those looking for a new deal ...
Published: 21-Dec-2007

Gross mortgage lending fell in November, the first time monthly lending levels have dropped below the same month in the previous year since July 2005, according ...
Published: 20-Dec-2007

Alliance and Leicester has announced it will launch a new range of residential, buy-to-let and PlusMortgage products tomorrow (December 21st).Included among the ...
Published: 20-Dec-2007

An oversupply in rental flats has contributed to a slow-down in demand within the buy-to-let sector, according to new figures published yesterday (December 18th).Tenant ...
Published: 19-Dec-2007

A new European Commission (EC) decision not to recommend a directive on the European mortgage market has been welcomed by the Council of Mortgage Lenders (CML).However, ...
Published: 19-Dec-2007

Lloyds TSB has launched a new two-year fixed term re-mortgage deal that offers homeowners £500 cash-back.The deal offers borrowers the cash-back in a lump ...
Published: 19-Dec-2007

Abbey has announced plans to reduce interest rates by up to 0.1 per cent on a number of its fixed rate mortgages.The change will be introduced this Thursday (December ...
Published: 18-Dec-2007

Halifax has launched two new mortgage products that look to reward homeowners who buy their new property from builders with strong green credentials.The three year ...
Published: 18-Dec-2007

The percentage of borrowers reporting problems in keeping up with mortgage repayments has remained low this year, though repayments are beginning to rise, according ...
Published: 17-Dec-2007

Landlords are increasingly choosing to re-mortgage their existing properties instead of seeking to take out buy-to-let mortgages on new property purchases, according ...
Published: 17-Dec-2007

Processing mortgages electronically is set to be made a priority by a government agency charged with overhauling the system of house purchase.Earlier this year ...
Published: 17-Dec-2007

Buy-to-let investors had a good year in 2007, with total annual returns generated by the average residential property reaching the highest level for 28 months at ...
Published: 14-Dec-2007

High levels of employment and strong housing demand are set to ensure the mortgage market remains strong in 2008, according to a new survey.Research undertaken ...
Published: 13-Dec-2007

Mortgage lenders and intermediaries should do as much as possible to help homeowners experiencing difficulties as they come to the end of their current fixed term ...
Published: 13-Dec-2007

Homeowners need to consider their financial position carefully and be fully aware of all the conditions of any deal they are entering into before taking out a mortgage, ...
Published: 12-Dec-2007

Conservative leader David Cameron should advocate the reversal of cuts in homeowner support first introduced by a Tory government in 1995, according to the Council ...
Published: 12-Dec-2007

The leader of the Conservative Party, David Cameron, has called on mortgage lenders to exercise leniency when dealing with homeowners who struggle to meet their ...
Published: 11-Dec-2007

In the wake of the Northern Rock crisis and high interest rates, a mortgage protection provider has reported an increase in enquiries relating to its services from ...
Published: 11-Dec-2007

The number of fixed rate mortgages taken out by borrowers fell in October, according to new figures published today (December 11th).Homeowners are increasingly ...
Published: 11-Dec-2007

The value of residential properties in the UK continued to increase in October, according to government figures published today (December 10th).However, while the ...
Published: 10-Dec-2007

While last week's interest rate cut is undoubtedly a good thing for borrowers, its beneficial effects in 2008 are dependant on individual circumstances, a mortgage ...
Published: 10-Dec-2007

NatWest, the buy to let lender for RBS Intermediary Partners, has announced plans to introduce three fixed rate buy to let mortgages on Monday December 10th.The ...
Published: 07-Dec-2007

The Co-operative Bank has today (December 7th) launched a new two-year fixed rate mortgage.Introduced as part of the lender's range of green mortgages, the ...
Published: 07-Dec-2007

Yesterday's (December 6th) decision by the Bank of England to reduce the interest rate to 5.5 per cent has been welcomed by a leading mortgage industry association.The ...
Published: 07-Dec-2007

The Bank of England's Monetary Policy Committee (MPC) has announced that it has cut rates by 0.25 per cent so that they now stand at 5.5 per cent."Although ...
Published: 06-Dec-2007

Remortgaging has become increasingly popular in the last few years, it has been claimed.Ray Boulger, senior technical manager at a UK mortgage broker, says that ...
Published: 06-Dec-2007

The current slowdown in the housing market may offer benefits to some first time buyers, but most will still face difficulties securing finance such as mortgages, ...
Published: 05-Dec-2007

Homeowners with short-term fixed rate mortgages set to expire next year may find it difficult to find an affordable deal, according to the industry watchdog.As ...
Published: 05-Dec-2007

UK house prices fell in November, representing the third consecutive monthly decrease in prices, according to new figures published today (December 5th).Last month ...
Published: 05-Dec-2007

Lower levels of pension provision are set to make equity release mortgages increasingly popular among older people looking to fund their retirement, an expert has ...
Published: 04-Dec-2007

House prices are set to fall by up to 10 per cent next year, representing the biggest full year decline since records began in 1969, according to a sector expert.The ...
Published: 04-Dec-2007

Fixed rate mortgages remain the most popular choice of product amongst homeowners, with 42 per cent of people favouring them, and 43 per cent of those expressing ...
Published: 03-Dec-2007

Areas with a relatively high number of empty homes are likely to have lower property prices, a new survey has claimed.The study, undertaken by Halifax, revealed ...
Published: 03-Dec-2007

Nearly two out of three re-mortgagers are planning on cutting back on their festive spending in an attempt to meet increased mortgage payments, a new study has ...
Published: 03-Dec-2007