
Archived Mortgage News - Lender/General Mortgage 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 mortgage rates ...
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 increased by £50bn ...
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 figures showed ...
Published: 06-Aug-2009
Housing Market Improves Slightly
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
Nationwide launch new variable rate mortgage
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 will ...
Published: 27-Apr-2009
Conflicting data on house prices
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
Mortgage lending continues to fall
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
CML wants simplified Homebuy
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
Coventry announce new capped rate mortgage
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
Woolwich change mortgage rates
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
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
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
Woolwich announce lowest ever fixed rate mortgage
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
Mortgage rates start to fall
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
Nationwide Announce Reduced Tracker Collar
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
Bank of England Reduces Rates
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
HomeBuy Direct offers housing hope
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
Lenders make house price crash worse
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
Banks Squeal Under Government Pressure
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
Rate cuts have limited success
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
Two year fixed rates tumble
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
No sign that rate cuts to be passed on
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
Woolwich to raise interest rates
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
CML impatient for action
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
Mortgage Approvals rise in September
In an announcement made earlier today, the British Bankers' Association confirmed that there was a 10 per cent increase in the number of new loans approved for ...
Published: 23-Oct-2008
Mortgage Lending Falls
In a statement released yesterday, the Council of Mortgage Lenders confirmed that the total number of new mortgages in September amounted to an estimated £17.7 ...
Published: 21-Oct-2008
UCB Home Loans to close
In an announcement earlier today, Nationwide confirmed that it is to close its specialist lending arm UCB Home Loans. UCB Home Loans have been part of the Nationwide ...
Published: 20-Oct-2008
RBS reduce mortgage rates
RBS have today announced a reduction in a number of their mortgage rates for those who apply via a broker. The reductions apply to a number of fixed rate products ...
Published: 15-Oct-2008
Britons with mortgages should insure
The British Chambers of Commerce yesterday warned that Britain is already in a recession and that unemployment rise by 350,000 by next year. Whilst this may not ...
Published: 08-Oct-2008
Norwich Union withdraw unemployment cover
Norwich Union and its administrator Paymentshield have instructed British Insurance, without notice, to remove the unemployment only option from the whole of their ...
Published: 07-Oct-2008
Grab cheap mortgage rates now
Over the last few weeks, the UK mortgage market has started to benefit from an increase in competition between lenders. Fixed rates in particular have seen a number ...
Published: 24-Sep-2008
Exclusive fixed rates from Skipton
The Skipton has announced the launch of two new fixed rate mortgage schemes available exclusively through their packager BDS Mortgage Group. Both deals offer applicants ...
Published: 23-Sep-2008
Coventry reduces fixed rate mortgages
The Coventry Building Society, whose motto is TLC not PLC has today announced the introduction of three new fixed rates at 5.99%. The new schemes consist of a three ...
Published: 16-Sep-2008
Abbey indicates some important changes to their mortgages
An announcement from Abbey today indicates that from 15th September 2008 they will be cutting their mortgage rates and fees on their 85% mortgage deals as well ...
Published: 12-Sep-2008
Northern Rock cuts two year fixed rate
The Northern Rock has today announced a cut in interest rate for its two year fixed rate mortgage deal to 5.54%. The scheme, which is only available via intermediaries, ...
Published: 12-Sep-2008
Nationwide cuts mortgage rates
The Nationwide have today announced a reduction in a number of their fixed rate mortgages, and a reduction in their two year remortgage trackers. The new rates ...
Published: 10-Sep-2008
Nationwide merges with Derbyshire and Cheshire
The Nationwide, already Britain's biggest building society continues to grow and expand. Following its takeover of the Portman last year, the Nationwide has now ...
Published: 08-Sep-2008
Millions of borrowers dissapointed
GE Money Home Lending, the parent company of mortgage and loan brands First National and IGroup, has released statistics which claim that up to 3.5 million borrowers ...
Published: 21-Aug-2008
New fixed mortgage rate from Northern Rock
Northern Rock has today announced a new three year flexible fixed mortgage rate available exclusively through intermediaries. The new rate is available from today, ...
Published: 21-Aug-2008
BM Solutions launch new mortgage rates
In a surprise announcement last week, HBoS, the group which includes the Halifax and the Bank of Scotland, confirmed the closure of their TMB brand. At the time ...
Published: 18-Aug-2008
HBoS close TMB
HBoS, the group which includes Halifax, Bank of Scotland and Birmingham Midshires, has today announced the closure of TMB, also known as The Mortgage Business. ...
Published: 13-Aug-2008
New offset mortgage rates from Coventry
The Coventry Building Society has today announced the launch of two new offset mortgage rates. An offset mortgage allows borrowers to offset the balance of a designated ...
Published: 13-Aug-2008
New Mortgage Rates from Northern Rock
Northern Rock announced further reductions in some of their mortgage interest rates. The new rates became available on Monday 11th August and continue the trend ...
Published: 12-Aug-2008
Mortgage Market Slows
In a report released yesterday, the Council of Mortgage lenders has confirmed that the mortgage market slowed even further in June. In addition to reducing volumes, ...
Published: 12-Aug-2008
Abbey launch new remortgage deals
Abbey announced yesterday very strong performance in the mortgage market for the first half of the year, and follows on today with an announcement that they will ...
Published: 31-Jul-2008
Mortgage rates change with Northern Rock
Northern Rock will be repricing their range of residential mortgages from 28 July 2008. The best rates will be available to customers who are able to provide a ...
Published: 25-Jul-2008
Association of Mortgage Intermediaries responds to Which? Survey
The Association of Mortgage Intermediaries (AMI) has today responded to a Which? study of mortgage advisers. The study found that although there was a general ...
Published: 24-Jul-2008
Increase in First Time Buyers
The National Association of Estate Agents has recently released figures which indicate that first time buyers may be returning to the housing market. With falling ...
Published: 23-Jul-2008
Abbey reduce mortgage rates
Abbey have today announced the launch of two new tracker rates, available exclusively through mortgage brokers. The new rates will be available from tomorrow July ...
Published: 22-Jul-2008
New mortgage rates from the Woolwich
The Woolwich have today announced the launch of a new market leading lifetime tracker rate for those who wish to borrow up to 60% of the value of their property. ...
Published: 21-Jul-2008
Rent and save scheme for affordable housing
Yesterday, the housing minister Caroline Flint announced a package of measures designed to rescue the UK's failing housing market. Central to her proposals is a ...
Published: 17-Jul-2008
Nationwide cut mortgage rates
The Nationwide Building Society has announced reductions to a number of its more popular mortgage rates. With effect from Friday July 18, the Nationwide will lower ...
Published: 17-Jul-2008
Government must act now
Within the last twenty four hours, The Council of Mortgage Lenders has announced it has drawn up a plan to address the funding problems in the mortgage market. ...
Published: 16-Jul-2008
Accord announce new fixed rates
Accord Mortgages have today announced a new range of fixed rate mortgages. The range includes a two year fixed rate at 5.99% which is available for both purchases ...
Published: 15-Jul-2008
House sales lowest for thirty years
Figures from the Royal Institute of Chartered Surveyors report a fall in house sales to the lowest level for the last 30 years. The continuing difficulties in the ...
Published: 15-Jul-2008
Halifax announce cheaper mortgage rates
The Halifax has today announced a number of reductions in their mortgage rates. With effect from Sunday 12th July, many rates across their range will be reduced, ...
Published: 11-Jul-2008
Bank of England holds rates
The Bank of Englands Monetary Policy Committee today voted to maintain the official Bank Rate at 5%. The announcement has been widely predicted by economists who ...
Published: 10-Jul-2008
Woolwich launch new mortgage rates
Woolwich announced today a new and highly competitive product range designed to offer long term value, flexibility and security, and available through mortgage ...
Published: 09-Jul-2008
Coventry launches new Offset mortgage deals
The Coventry Building Society has today announced the launch of three new offset mortgage deals. The new rates will be available from Friday 11th July and consist ...
Published: 09-Jul-2008
New mortgage rates from the Halifax
The Halifax have today announced a new three year base rate tracker mortgage which is available for both those wishing to purchase a home, and those who wish to ...
Published: 08-Jul-2008
Northern Rock launch new mortgage range
Northern Rock have today announced changes to their mortgage products, including a completely new range of remortgage products offering free basic valuations and ...
Published: 08-Jul-2008
Abbey launch semi exclusive tracker rate
Abbey have announced the launch of a Semi Exclusive mortgage deal available through intermediaries such as The Mortgage Warehouse.The rate is a 5.84% tracker rate ...
Published: 04-Jul-2008
Abbey mortgage rates reduced
Abbey have today announced improvements to their range of mortgage deals, especially those aimed at borrowers who wish to borrow less than 75% of the value of their ...
Published: 03-Jul-2008
100 Percent Bridging Loans for undervalued property
Tiuta, the specialist provider of bridging loans has announced the launch of a new product called Underbridge. The new scheme has been especially designed for those ...
Published: 02-Jul-2008
Suspend Stamp Duty
The Association of Home Information Pack Providers has called for a halt to the charging of stamp duty on all house sales of less than £200,000. With reports of ...
Published: 01-Jul-2008
Buildloan expands broker team
For many years, Buildstore have built a reputation as being the number one information portal for those wishing to build their own home or renovate a dilapidated ...
Published: 01-Jul-2008
House Prices holding up
According to the latest figures from the Land Registry, average house prices remained flat in May, with the price of the average house remaining at £183,266.Surprisingly, ...
Published: 27-Jun-2008
Alliance and Leicester announce new tracker mortgage
The Alliance and Leicester have today announced a new two year tracker mortgage priced at less than 6%. The new scheme is available to both new and existing customers ...
Published: 27-Jun-2008
New discount rate from The Chelsea
The Chelsea have today announced the introduction of a new two year discount rate which is available for both house purchases and those who wish to remortgage to ...
Published: 26-Jun-2008
Inflation will return to 2 per cent
In a statement to the treasury Committee earlier today, the Bank of England Governor Mervyn King stated that whilst he expects to see inflation top 4% this year, ...
Published: 26-Jun-2008
Deep Blue launch new range of super loans
In an announcement earlier today, Deep Blue heralded the launch a new range of loans designed for high earners who wish to purchase homes at the top end of the ...
Published: 25-Jun-2008
Halifax fees to be more transparent
Earlier today, Halifax announced they will be introducing a new Mortgage Account Fee with effect from the 29th June. The Fee will apply to all new mortgages taken ...
Published: 25-Jun-2008
Darling hits out at arrangement fees
Mortgage arrangement fees have increased month on month for over a year, and Chancellor Alistair Darling says enough is enough. With some lenders charging up to ...
Published: 25-Jun-2008
RBS revise credit policy on Buy to Let
At a time when many other lenders are withdrawing or pulling back from lending in the buy to let market, RBS Intermediary Partners announced today that from Thursday ...
Published: 19-Jun-2008
Mortgage lending lower in May
In a statement issued earlier today, the Council of Mortgage Lenders announced that gross lending in May was an estimated £25.5 billion, which is 2% lower than ...
Published: 19-Jun-2008
Abbey announces exclusive two year tracker mortgage
The Abbey have recently announced another sub 6% mortgage deal which will be available through a selected number of mortgage brokers. The rate which is set at the ...
Published: 19-Jun-2008
Mortgage lenders flock to withdraw rates
Mortgage lenders up and down the country have flocked to withdraw mortgage rates, allowing only hours for customers and brokers to get applications in. In most ...
Published: 17-Jun-2008
Fixed rate mortgages highest for ten years
In a report released today, emoneyfacts.co.uk, the financial advisers portal has revealed that the average two year fixed rate is now 6.75%, higher than at any ...
Published: 17-Jun-2008
HIPS not fit for purpose
In his review of the housing market, published this morning, Sir Bryan Carsberg has called for the scrapping of home information packs (HIPs), and regulation of ...
Published: 16-Jun-2008
New exclusive deals for existing Halifax customers
The Mortgage Warehouse has today announced improved rates for Halifax customers who reach the end of their current mortgage deal, or those who wish to increase ...
Published: 13-Jun-2008
Royal Bank of Scotland launches new fixed rates
In an announcement earlier today, RBS intermediary Partners announced the launch of three new fixed rate mortgage deals. RBS IP is the part of the RBS Group which ...
Published: 13-Jun-2008
Scarborough Building Society announce new rates
Following their decision to remove all existing rates earlier this week, the Scarborough Building Society have today announced new rates available from Friday 13th ...
Published: 12-Jun-2008
Fixed rate mortgages more popular
In an announcement made earlier today, the Council of Mortgage Lenders has revealed that fixed rate mortgages became more popular in April, suggesting that borrowers ...
Published: 12-Jun-2008
CML act to restore new build confidence
For some considerable time, it has been apparent that the valuation and conveyancing processes have not always taken full account of discounts and other
incentives ...
Published: 11-Jun-2008
New Fixed Rates from the Skipton
The Skipton has today announced the launch of a range of new fixed rate products.The range includes three and five year fixed rate schemes at 7.39% with both being ...
Published: 10-Jun-2008
Rics reports that house price falls decrease slightly
Rics housing market survey published today indicated that the balance of Chartered Surveyors reporting house price falls decreased slightly in MayThe RICS house ...
Published: 10-Jun-2008
Catholic and Chelsea Building Societies to merge
According to a recent announcement, the directors of Chelsea Building Society and the Catholic Building Society have agreed in principle that the two societies ...
Published: 09-Jun-2008
C&G for All Weathers
The Cheltenham & Gloucester have today announced that with effect from Tuesday 10th June, their successfull All Weather mortgage will be available via intermediaries ...
Published: 09-Jun-2008
IMLA jumps to the defence of mortgage lenders
The Intermediary Mortgage Lenders Association (IMLA) has today jumped to the defence of mortgage lenders who are the subject of the latest attack by the Liberal ...
Published: 06-Jun-2008
House prices down says the Halifax
According to the latest results from the Halifax House Price Index, house prices fell by 2.4 per cent in May and are 3.8 per cent lower on an annual basis. This ...
Published: 06-Jun-2008
Estate Agents want MIRAS back
The National Association of Estate Agents is urging the government to take immediate action to assist the housing market out of the doldrums. In doing so it has ...
Published: 05-Jun-2008
Exciting new self build mortgage launched
Self build specialist BuildLoan and lender The Mortgage Business announced today the launch of an exciting new Self Certification Lifetime Tracker mortgage for ...
Published: 03-Jun-2008
Remortgages still strong
Data released by the Bank of England shows that in April, loans for the purchase of homes fell by around 8%, and is now around 50% lower than this time last year. ...
Published: 03-Jun-2008
Abbey launches exclusive five year fixed rate
Abbey have announced the launch of a new five year fixed rate at 5.69%. The scheme is available for both house purchase and remortgage, and is available for loans ...
Published: 03-Jun-2008
Abbey launches exclusive five year fixed rate
Abbey have announced the launch of a new five year fixed rate at 5.69%. The scheme is available for both house purchase and remortgage, and is available for loans ...
Published: 03-Jun-2008
House price statistics called into question
The recent announcement by the Land Registry House Price index of a 0.2% drop in house prices for the month calls into question statistics received from elsewhere. ...
Published: 02-Jun-2008
Halifax mortgage rates to go down
Halifax announced today that they will be reducing their tracker rates and arrangement fees from Monday 2nd June, with rates from 6.24% on their 5 year tracker ...
Published: 30-May-2008
Woolwich launch new base rate tracker
The Woolwich have today announced the launch of a base tracker rate at less than 6%. The new deal is designed to track at 0.99% above the Barclays Bank base rate ...
Published: 28-May-2008
Abbey enhance support for mortgage brokers
Abbey have today announced it is expanding the number of mortgage brokers who will be able to access their exclusive three and five year fixed rate mortgage deals. ...
Published: 28-May-2008
Home Improvements increase in popularity
With reports of an improvement in the housing market still few and far between, it appears that home owners are turning to home improvements as a way to increase ...
Published: 27-May-2008
Property Market Showing Signs of Stability
In figures released today, members of the National Association of Estate Agents (NAEA) reported that whilst regional variations are still significant, the first ...
Published: 27-May-2008
Savings increase as spending falls
In research published by Birmingham Midshires earlier this week, it was revealed that on average, we are saving more than we did this time last year. The figures ...
Published: 23-May-2008
West Bromwich launch new fixed rate mortgages
The West Bromwich Building Society has today announced that it has introduced three new fixed rate mortgages.
All the new deals are two year fixed rate schemes, ...
Published: 23-May-2008
Independent research highlights mortgage broker could save consumers £1,830 per year
The Association of Mortgage Intermediaries (AMI) 'value of mortgage advice' report produced by independent financial services research company NMG has estimated ...
Published: 21-May-2008
Mortgage Securitisation still viable
HBOS, the group which owns both the Halifax and the Bank of Scotland along with specialist lenders Birmingham Midshires, Intelligent Finance and The Mortgage ...
Published: 21-May-2008
Future mortgages to stop lending
Citigroup, the owners of Future mortgages have announces that with effect from the 21st May Future will no longer be offering secured loans and mortgages in ...
Published: 20-May-2008
Halifax reduce mortgage rates for existing customers
Halifax have announced that they will reduce interest rates for existing customers by an average of 0.15 per cent with effect from the 21st May. Interest rates ...
Published: 20-May-2008
Cheltenham & Gloucester increases rates again
The Cheltenham & Gloucester, part of Lloyds TSB has announced that it is to raise interest rates for mortgage customers for the fourth time in two months.
As ...
Published: 20-May-2008
Housing Market to Stagnate
The Royal Institute of Chartered Surveyors (RICS) has released figures which suggest the number of sales could fall by as much as 40% this year. Additionally, ...
Published: 19-May-2008
Property asking prices hit a record high
Rightmove, the well known property website have announced that asking prices for property in England and Wales rose to a record high in May.
According ...
Published: 19-May-2008
Royal Bank of Scotland announces changes to The One Account
Royal Bank of Scotland has announced today that they will be capping lending for their flexible mortgage The One Account at 90% loan to value (LTV), as well as ...
Published: 19-May-2008
First time buyers seek out independent mortgage advice
For many years, experienced home owners have known the value of an independent mortgage broker when seeking advice about the best mortgage deals. However, research ...
Published: 16-May-2008
Abbey Cuts Mortgage Rates
Abbey Cuts Mortgage Rates
The Abbey have today announced cuts in its mortgage rates.
All flexible and tracker rates are being cut by 0.05% while new borrowers ...
Published: 16-May-2008
New buyers seek advice from intermediaries
First-time buyers who are trying to get a mortgage quote are increasingly turning to mortgage intermediaries for advice.That is according to the Association of ...
Published: 15-May-2008
Govt shared ownership scheme expanded
The government has expanded a scheme, aimed at helping first-time buyers to make it into the housing market.Caroline Flint, housing minister, has announced that ...
Published: 15-May-2008
Good time to make long term investments
Now may be a good time for people to take out buy-to-let mortgages and invest in the property market.The Property Investment Network (PIN) said that falling house ...
Published: 14-May-2008
Rates should be cut soon
The base rate of interest should be cut to 3.5 per cent as soon as possible so that mortgage interest rates fall.That is according to Assetz, which said that it ...
Published: 14-May-2008
Prime market remains stable
The prime property market is in good health and is much more stable than the wider UK housing market.That is according to London Central Portfolio (LCP), which ...
Published: 13-May-2008
Housing market supported by fundamentals
The UK housing market is supported by strong underlying fundamentals, according to the National Association of Estate Agents (NAEA).It is good news for anyone considering ...
Published: 13-May-2008
Nationwide cuts mortgage interest rates
Nationwide has announced that it will reduce the mortgage interest rates on some of its deals.The building society is cutting the rates on many of its fixed-rate ...
Published: 13-May-2008
Rise in million pound properties
A new study shows that the number of million-pound properties in the UK rose markedly between 2006 and 2007.The Halifax Estate Agents Million Pound Property Report ...
Published: 12-May-2008
Advisors have role to play
People concerned about their mortgage interest rates should seek advice from an independent financial advisor.That is according to the Association of Independent ...
Published: 12-May-2008
New buyers least likely to be repossessed
First-time buyers are the group which are least likely to have their homes repossessed.That is according to Firstrung, which said that most new buyers take out ...
Published: 12-May-2008
New mortgages launched by Alliance&Leicester
A number of new mortgages have been launched by Alliance & Leicester and will be available to borrowers from today (May 9th).The lender has launched a two-year ...
Published: 09-May-2008
Renting makes sense for many
It makes sense for potential homebuyers in London to rent before purchasing a property.That is according to Property Finder, which said that huge price growth in ...
Published: 09-May-2008
Treasury launches advice package
The UK Treasury has launched a multimillion-pound package to help borrowers who may be facing financial difficulties.Although very few people are in a difficult ...
Published: 09-May-2008
MPC holds rates
The Bank of England's Monetary Policy Committee (MPC) has decided to maintain the base rate of interest in May.Members of the MPC met today (May 8th) to announce ...
Published: 08-May-2008
First-time buyers urged to tread carefully when securing first-time buyer mortgages
First-time buyers have been urged to exercise caution before they commit to taking out a first-time buyer mortgage.Research conducted by iammoving.com suggests ...
Published: 07-May-2008
Credit crunch fails to prevent record year for mortgage lending
The effects of the credit crunch on the mortgage market may have been over-exaggerated, it has been revealed, as recently released data from the Council of Mortgage ...
Published: 07-May-2008
First-time buyers teaming up to secure first-time buyer mortgages
An increasing number of first-time buyers are choosing to club together in order to secure a first-time buyer mortgage, it has been revealed.According to Moneyextra, ...
Published: 07-May-2008
MPC may wait until June
It looks as though the Bank of England will be cautious when it comes to cutting interest rates in the coming months.A new poll of nine of the UK's major financial ...
Published: 02-May-2008
Boost for those with buy to let mortgages
People with buy-to-let mortgages are benefiting from rising rents, according to new figures.Paragon's Buy-To-Let Index revealed that average rents have increased ...
Published: 01-May-2008
Rate cut is on the cards
It is very likely that the Bank of England will cut the base rate of interest sooner rather than later.Global Insight has said that the Bank is coming under increasing ...
Published: 01-May-2008
Property market still supported
The UK property market is not in as bad shape as some recent figures suggest, according to the National Association of Estate Agents (NAEA).Nationwide revealed ...
Published: 30-Apr-2008
Hope that SLS will lead to reduced mortgage interest rates
The Bank of England's Special Liquidity Scheme (SLS) has the potential to make a real impact on the UK mortgage market.According to the Council of Mortgage ...
Published: 30-Apr-2008
Positive outlook for the mortgage market
A new survey shows that many mortgage lenders and intermediaries are confident about the future prospects of the housing and mortgage markets.According to the report ...
Published: 30-Apr-2008
Lenders cut mortgage interest rates
Natwest and Royal Bank of Scotland (RBS) have announced reductions to some of their mortgage interest rates.All new fixed-rate mortgages and tracker-rate mortgages ...
Published: 29-Apr-2008
New deal aimed at new buyers
Nationwide Building Society is to launch a new deal aimed at helping first-time buyers onto the property ladder.New buyers will receive a £300 discount on ...
Published: 28-Apr-2008
Farmland prices rise
People with first-time buyer mortgages may want to consider buying a property on farmland.New figures show that this section of the housing market is doing very ...
Published: 25-Apr-2008
New build prices rise
A new study shows that new property prices increased marginally in March, spelling good news for those with first-time buyer mortgages.The price rises will be well ...
Published: 25-Apr-2008
Families help those with first time buyer mortgages
People with first-time buyer mortgages are managing to make it onto the property ladder with some help from their families.Although it cannot be denied that the ...
Published: 24-Apr-2008
Skipton cuts SVR
Skipton Building Society has announced the reduction of some of its mortgage interest rates.The firm has lowered is standard variable rate (SVR) following the Bank ...
Published: 24-Apr-2008
University towns attractive to those with buy to let mortgages
People with buy-to-let mortgages have been advised to invest in university towns.According to the website Buy Association, there are a number of good areas in which ...
Published: 23-Apr-2008
Housing boost for people with first time buyer mortgages
The number of properties available on the market rose in March, giving people looking to take out first-time buyer mortgages more choice.Figures from the National ...
Published: 23-Apr-2008
Abbey cuts mortgage interest rates
Abbey has announced that it is to cut some of its mortgage interest rates.It follows yesterday's (April 21st) Bank of England announcement that it is to launch ...
Published: 22-Apr-2008
TDP benefits those with buy to let mortgages
People with buy-to-let mortgages are reaping the rewards of Tenancy Deposit Protection (TDP).According to the National Landlords Association (NLA), the scheme has ...
Published: 21-Apr-2008
Asking prices up annually
The latest figures show that property asking prices rose in the year to April 2008, spelling good news for people with first-time buyer mortgages.According to the ...
Published: 21-Apr-2008
Some mortgage interest rates remain attractive
It is still possible for borrowers to get their hands on deals with attractive mortgage interest rates.That is according to Persimmon Homes, which said that competitive ...
Published: 18-Apr-2008
Good mortgages are still out there
There is still a wide choice of first-time buyer mortgages available in the UK.That is according to the Building Societies Association (BSA), which said that many ...
Published: 18-Apr-2008
HSBC mortgage rates matcher can be harmful to your finances says The Mortgage Warehouse
A comparison of available mortgage rates from the market as a whole by The Mortgage Warehouse, has revealed that the HSBC mortgage rates matcher is little more ...
Published: 17-Apr-2008
Rate boost may be on the cards for people with first time buyer mortgages
People taking out first-time buyer mortgages will be boosted by big reductions in interest rates over the coming months.That is according to Capital Economics, ...
Published: 17-Apr-2008
Chancellor makes housing pledge
Chancellor Alistair Darling has promised to continue to support the UK housing market.It is good news for people with first-time buyer mortgages and Mr Darling ...
Published: 16-Apr-2008
Brown working towards making mortgages more easily available
Gordon Brown wants to make it easier for people to get their hands on first-time buyer mortgages.The prime minister told Channel Four News that he wants to see ...
Published: 16-Apr-2008
Housing market underpinned by strong fundamentals
People with first-time buyer mortgages and all other mortgage borrowers should not be too concerned about the state of the UK property market.That is according ...
Published: 15-Apr-2008
Banks will not stop lending
Britons will still be able to get a mortgage quote and take out a loan despite the global credit crunch.That is according to Equifax, which said that it has not ...
Published: 15-Apr-2008
Detached properties account for a fifth of all sales
Nationwide has revealed that 22 per cent of all UK house sales are detached properties.The firm has published a report, showing that detached properties remain ...
Published: 15-Apr-2008
PM wants lenders to pass on rate cuts
Gordon Brown wants to introduce new measures aimed at ensuring mortgage interest rates fall alongside the base rate of interest.In an interview with the News of ...
Published: 14-Apr-2008
Attractions of buying near an airport
People taking out first-time buyer mortgages may benefit from buying a property close to an airport.That is according to global property advisor DTZ, which said ...
Published: 14-Apr-2008
Homeowners in good position
UK homeowners are in a strong position financially, according to the Council of Mortgage Lenders (CML).The organisation has revealed that the UK's combined ...
Published: 11-Apr-2008
Lenders cut rates
The UK's largest mortgage lenders have reduced their mortgage interest rates in line with the reduction to the base rate of interest.Members of the Bank of ...
Published: 11-Apr-2008
Mortgage working group launched
The government has launched a new scheme aimed at improving the function of mortgage finance markets.Alistair Darling, chancellor of the exchequer, said that the ...
Published: 10-Apr-2008
MPC cuts interest rates
The Bank of England's Monetary Policy Committee (MPC) has decided to cut the base rate of interest in April.Interest rates now stand at five per cent, following ...
Published: 10-Apr-2008
PM offers grants to new buyers
The government has set out plans to help first-time buyers onto the property ladder.Gordon Brown unveiled plans which are designed to help people with first-time ...
Published: 09-Apr-2008
Tracker mortgages back in fashion
Britons are less keen on taking out fixed-rate mortgages because they expect the base rate of interest to fall.New research from the Council of Mortgage Lenders ...
Published: 09-Apr-2008
Annual price inflation rises
A typical UK property was worth £191,556 in March, according to the latest Halifax House Price Index.That is an annual increase of 1.1 per cent, with monthly ...
Published: 08-Apr-2008
New deals launched by Alliance&Leicester
Two new mortgages have been launched by Alliance & Leicester, one each aimed at owner-occupiers and buy-to-let investors.The first deal is aimed at attracting ...
Published: 08-Apr-2008
Fixed rates proving popular
Mortgage lenders are set to see a large increase in the number of people seeking long-term fixed-rate mortgages, according to new research.Abbey has published a ...
Published: 07-Apr-2008
Deposit protection is 1 year old
The Tenancy Deposit Protection (TDP) scheme is one year old and its success has been welcomed by many industry figures.Around one million deposits are now protected, ...
Published: 04-Apr-2008
April rate cut is on the cards
It looks increasingly likely that many people will see their mortgage interest rates fall in April.That is according to a new poll of UK financial institutions, ...
Published: 04-Apr-2008
Top end housing doing well
The top-end of the UK housing market has yet to be affected by the global credit crunch and it is not clear if it ever will be.That is according to Prime Location, ...
Published: 04-Apr-2008
Homeowners 'should prepare' for rate rises
Homeowners are being told they should prepare for "significant" rate shocks if they have been on fixed-rate deals for the past few years. Ongoing credit ...
Published: 03-Apr-2008
Total net lending rises
Total net lending rose in February, according to figures from the Bank of England.A total of £9.8 billion was lent, above the £8.3 billion lent in January ...
Published: 02-Apr-2008
Brown attacked over affordable housing
Gordon Brown has been urged to make his mind up when it comes to the provision of affordable housing.The Federation of Master Builders (FMB) has accused the prime ...
Published: 01-Apr-2008
Prices stabilise in February
House prices stabilised in February, potentially bringing to an end months of turbulence.Figures from the Land Registry House Price Index for the month show that ...
Published: 01-Apr-2008
Property auctions are here to stay
Property auctions will continue to attract buyers, despite the global credit crunch.That is according to Savills, which said that there will always be a market ...
Published: 31-Mar-2008
Lenders alter mortgage deals
Two of the UK's largest lenders have withdrawn some of their mortgages and repriced others.Alliance & Leicester has announced that it is no longer offering ...
Published: 31-Mar-2008
Life quality is highest in Bucks
The housing market in Buckinghamshire is increasingly attractive to buyers due to the high quality of life experienced by residents.That is according to a new survey ...
Published: 31-Mar-2008
Fewer mortgages to benefit new buyers
First-time buyers are set to benefit "hugely" from the global credit crunch and the resulting reduction in available mortgages.That is according to Firstrung, ...
Published: 28-Mar-2008
Interest only mortgages have many benefits
There is an increased demand for interest-only mortgages and the benefits of such deals have been highlighted by a leading independent mortgage advisor.Alexander ...
Published: 28-Mar-2008
Houses, weddings and babies...
Young people are prioritizing issues such as buying their first house, according to research by Alliance & Leicester.It has been revealed that 57 per cent of ...
Published: 27-Mar-2008
Bank of England chief hints at cut in base rate
Mervyn King, the governor of the Bank of England, has indicated that an interest rate cut is in the pipeline, meaning that mortgage interest rates are also likely ...
Published: 26-Mar-2008
Market steady in face of pressures
While the property market is going through a difficult patch, it remains "steady" and the outlook is hopeful for first-time buyers in particular, according ...
Published: 25-Mar-2008
House prices rise 0.8 per cent
The average asking price for a property in England and Wales has risen by 0.8 per cent this month, new figures reveal.However, the research by Rightmove.co.uk shows ...
Published: 25-Mar-2008
Buyers in a good position
Potential homebuyers have been advised that now is a good time to invest in property.Miller Homes believes that buyers can land themselves a bargain in the current ...
Published: 20-Mar-2008
Leeds mortgage is flexible and secure
Leeds Building Society has launched a new fixed-rate mortgage product, which offers flexibility as well as security.The firm has announced its new market-leading ...
Published: 20-Mar-2008
Retirement property market doing well
The market for retirement properties is doing well, despite the global credit crisis.That is according to Linden Homes, which said that its age-restricted homes ...
Published: 20-Mar-2008
MPC minutes published
The Bank of England's Monetary Policy Committee (MPC) voted 7-2 in favour of maintaining the base rate of interest in March.Minutes from the MPC meeting show ...
Published: 19-Mar-2008
New mortgage set to help FTBs
A new mortgage product has been launched with the aim of helping first-time buyers (FTBs) onto the property ladder.Persimmon Homes South Midlands has joined forces ...
Published: 19-Mar-2008
Property still offers investment opportunities
The UK property market holds many good investment opportunities, according to one expert.In addition, total returns are set to pick up markedly in the final six ...
Published: 19-Mar-2008
House prices rise in February
The UK housing market befitted from increased prices in February, according to the latest house price report.Assetz has published its House Price Watch for the ...
Published: 18-Mar-2008
New buyers opt for tracker mortgages
There is an increased appetite for tracker-rate mortgages among first-time buyers.That is according to the Council of Mortgage Lenders (CML), which said that predictions ...
Published: 18-Mar-2008
Investor confidence high
Confidence is high among property investors in the UK, particularly when it comes to the London market.New research from the Young Group shows that 86 per cent ...
Published: 17-Mar-2008
Mortgage rates report slammed
A report suggesting that many mortgage lenders are set to see their rates increase by 35 per cent has been rubbished.The report claimed that people who took out ...
Published: 17-Mar-2008
Investor confidence remains
Property investors remain confident about the state of the UK housing market.That is according to the organisers of the Homebuyer and Property Investor Show, who ...
Published: 13-Mar-2008
Budget helps new buyers
This year's Budget will help first-time buyers onto the property ladder, according to the Department for Communities and Local Government.Alistair Darling delivered ...
Published: 12-Mar-2008
Renting market is buoyant
The UK buy-to-let market remains buoyant and the future looks good for the market too.That is according to Blevins Franks Mortgage Services, which said that increased ...
Published: 12-Mar-2008
Fixed mortgages prove popular
Britons are more inclined to take out fixed-rate mortgages, despite the fact that most analysts anticipate that the base rate of interest will be cut again soon.Abbey ...
Published: 11-Mar-2008
House prices up in February
The latest Financial Times House Price Index makes good reading for UK homeowners.According to the index, the average UK property price increased by 0.5 per cent ...
Published: 11-Mar-2008
Buyers told to purchase now
First-time buyers should take advantage of the current UK housing market conditions.That is according to Connells, which said that now is actually a good time to ...
Published: 10-Mar-2008
Remortgaging activity surges
There was a large increase in remortgaging activity between March 2007 and February 2008.That is according to the latest figures from Spicerhaart Financial Services, ...
Published: 07-Mar-2008
Housing market is well supported
The average price of a property in the UK housing market was £196,649 in February.That is according to the latest Halifax House Price Index, which showed that ...
Published: 06-Mar-2008
Graded mortgages to boost market
Alistair Darling will attempt to revitalise the mortgage markets by introducing a kite mark scheme.It is being widely reported that the chancellor will announce ...
Published: 06-Mar-2008
Base rate is held
The Bank of England's Monetary Policy Committee (MPC) has announced that the base rate of interest will remain unchanged in March.The move was widely predicted ...
Published: 06-Mar-2008
New deals from Alliance&Leicester
Alliance & Leicester has launched a new range of mortgage deals, which are available from today (March 5th).The lender has announced a number of new buy-to-let ...
Published: 05-Mar-2008
Confidence grows in the UK housing market
Estate agents remain confident in the future of the UK housing market.That is according to the Agents' Confidence Index from Hot Property, which shows that ...
Published: 04-Mar-2008
Co-op launches competitive fixed-rate mortgage
The Co-operative Bank has launched a new two-year fixed-rate mortgage at a rate similar to that of its best buy tracker mortgage.Borrowers can take advantage of ...
Published: 04-Mar-2008
The most affordable home in Yorkshire
A new home has been put on the market in Halifax, with many claiming that it is the UK's most affordable new property.The one-bedroom, two-floor home is officially ...
Published: 04-Mar-2008
March rate cut may happen
Mortgage borrowers may be boosted by a cut to the base rate of interest in March after all.That is according to New Star, which has published a report which appears ...
Published: 03-Mar-2008
Student mortgage product launched
A new product has been launched which will allow students to purchase the property they live in while at university.Capital Fortune is offering students the opportunity ...
Published: 03-Mar-2008
Support for rural housing target
A government target to build 10,300 new rural homes in the next three years has been welcomed.Campaign to Protect Rural England (CPRE) has given its support to ...
Published: 03-Mar-2008
Bank publishes positive lending figures
Mortgage lending rose in January, according to the latest figures from the Bank of England.According to the data, 74,000 loans were approved for house purchase ...
Published: 29-Feb-2008
Base rate likely to be frozen
The majority of major financial institutions believe that the base rate of interest is set to remain unchanged in March.A new poll of eight institutions revealed ...
Published: 29-Feb-2008
Positive housing market figures
There was positive news for the English and Welsh housing market in January, according to the latest figures.The Land Registry has published its housing report ...
Published: 28-Feb-2008
Post Office cuts mortgage rate again
The Post Office has announced a further reduction to it three-year fixed-rate mortgage.It means that the deal now comes with a 5.34 per cent rate, with the firm ...
Published: 27-Feb-2008
New buyers urged to invest
People considering taking out first-time buyer mortgages could benefit from investing in the property market as soon as possible.That is according to Smart New ...
Published: 26-Feb-2008
Mortgage lending up in January
The latest British Bankers' Association (BBA) figures show that mortgage lending increased in January.According to the organisation, gross lending hit £18 ...
Published: 25-Feb-2008
Stamp duty changes called for
The stamp duty threshold should be increased, according to Halifax.The bank has published figures which show that stamp duty bills have increased at a much faster ...
Published: 25-Feb-2008
Positive outlook for housing market
The latest indicator suggests that the UK housing market is on the road to recovery.Figures from the National Association of Estate Agents (NAEA) for January show ...
Published: 22-Feb-2008
Borrowers prefer fixed-rate mortgages
The majority of borrowers would rather be on a fixed-rate mortgage, according to new research.A total of 57 per cent of those questioned by the Fair Investment ...
Published: 21-Feb-2008
Stamp duty change needed
The National Association of Estate Agents (NAEA) wants changes to be made which it believes will benefit people taking out first-time buyer mortgages.According ...
Published: 21-Feb-2008
Borrowers confused over mortgages
New research suggests that many British mortgage borrowers are confused about which type of deal to take out.Abbey has revealed that confusion among analysts about ...
Published: 20-Feb-2008
Mortgage lending rises
Gross mortgage lending rose in January, as borrowers took advantage of falling mortgage interest rates.It is thought that the Bank of England Monetary Policy Committee's ...
Published: 20-Feb-2008
MPC minutes suggest further rate cuts
It appears that mortgage interest rates could be set to fall further in the coming months.The Bank of England's Monetary Policy Committee (MPC) has published ...
Published: 20-Feb-2008
London market starts the year well
Estate agencies in London are reporting that the capital's property market has picked up in 2008.It appears that doom and gloom predictions for the next 12 ...
Published: 19-Feb-2008
Optimism remains robust amongst sellers
Rightmove announced today that optimism remains robust amongst the fewer sellers who came to the market over the last month. The lowest February level of new ...
Published: 18-Feb-2008
February provides house price boost
The average price of a UK property increased in the four weeks leading to February 9th, according to new figures.Rightmove has published its latest house price ...
Published: 18-Feb-2008
Legal & General Mortgage Club prove the value of Independent Mortgage Advice
Legal & General Mortgage Club have announced that they completed a staggering £26bn worth of mortgages last year representing a double figure increase ...
Published: 15-Feb-2008
Buyers attracted to suburbs
The UK's suburban towns are attracting more people with first-time buyer mortgages.That is according to Savills, which claimed that more and more first-time ...
Published: 15-Feb-2008
Big plans for smaller mortgages
Standard Life research shows that 2008 looks set to be the year in which up to 9.6 million Brits give their finances a spring clean and look to shed pounds from ...
Published: 14-Feb-2008
Buyers search for property in record numbers
People in the UK are as hungry as ever for property ownership, according to Hot Property.The firm has revealed that traffic through its property website reached ...
Published: 14-Feb-2008
Fixed-rate deals offer peace of mind
There is a "reasonable consumer appetite" for long-term fixed-rate mortgages but more could be done to improve their popularity.That is according to the ...
Published: 14-Feb-2008
Housing market picks up significantly
The UK housing market is on the road to recovery, according to the National Association of Estate Agents (NAEA).Preliminary figures from the organisation's ...
Published: 14-Feb-2008
London outperforms rest of the market
The average English or Welsh property increased in value by 0.1 per cent month-on-month.That is according to Acadametrics, the firm behind the Financial Times House ...
Published: 13-Feb-2008
May rate cut on the cards
The base rate of interest looks set to be cut again in May, spelling good news for those concerned about mortgage interest rates.Global Insight economist Howard ...
Published: 13-Feb-2008
Tracker mortgages more popular in January
There was an increase in the number of people taking out tracker-rate first time buyer mortgages in January.That is according to figures from estate agency Andrews, ...
Published: 13-Feb-2008
Inflation rises but rates still look set to be cut
People with first time buyer mortgages and other mortgage deals may benefit from further cuts to the base rate of interest.That is what is suggested by the latest ...
Published: 12-Feb-2008
Rate cuts will help borrowers
The latest round of cuts to the base rate of interest will help mortgage borrowers to service their debt in 2008.That is according to the Council of Mortgage Lenders ...
Published: 12-Feb-2008
Rates may drop to 4 per cent
Capital Economics is confident that the base rate of interest will fall to a very low level but may take some time to get there.The firm has revealed that it believes ...
Published: 12-Feb-2008
Housing market cooling but prices rise in December still rising
House prices in the UK augmented by 0.4 per cent in the month of December, it has been revealed.Conversely, annual house price inflation has receded from 9.7 per ...
Published: 11-Feb-2008
FTBs account for more of the market
The number of first-time buyers (FTBs) entering the UK property market increased by two per cent in January.New figures from Spicerhaart Financial Services reveal ...
Published: 08-Feb-2008
London housing partnership launched
A new partnership has been launched in order to develop affordable housing in London.The UK's most expensive city has traditionally been extremely difficult ...
Published: 08-Feb-2008
Repossession figures lower than expected
The Council of Mortgage Lenders (CML) has revealed that repossessions were lower in 2007 than had previously been forecast.According to the organisation, 27,100 ...
Published: 08-Feb-2008
Locally built homes better for the environment
Using local builders and local materials to construct a house is far more sustainable than constructing mass-produced flat-pack properties.That is according to ...
Published: 07-Feb-2008
Rate cut joy for borrowers
The base rate of interest has been cut by 0.25 percentage points, taking it down to 5.25 per cent.Borrowers have not benefited from a rate this low since January ...
Published: 07-Feb-2008
Rate cut would imbue industry with renewed confidence
With the Bank of England set to announce its latest base rate decision for the month ahead tomorrow (February 7th), many industry analysts feel that a rate cut ...
Published: 06-Feb-2008
Oldest child receives most help with home buying
New research reveals that first-born children receive the most help when buying a property.Abbey has published a study, showing that first-borns are far more likely ...
Published: 05-Feb-2008
Positive impact of Hips
The introduction of Home information packs (Hips) is helping to speed up the home buying process for many.That is according to the National Association of Residential ...
Published: 05-Feb-2008
Manchester has plenty to offer new buyers
People preparing to take out first time buyer mortgages may wish to consider looking at properties in Manchester.That is according to Savills, which said that the ...
Published: 04-Feb-2008
Northern Irish counties see huge price growth
The average property in county Armagh, Northern Ireland, increased in value by 331 per cent between 1997 and 2007.That is according to the latest Halifax County ...
Published: 04-Feb-2008
Best mortgage deals key to financial fitness
Homeowners looking to improve their personal finances should pay particular attention to shopping around for the best mortgage deals available.That's the message ...
Published: 01-Feb-2008
Experts predict interest rate cut
A poll of representatives from seven UK financial institutions has revealed a consensus that the Bank of England will reduce interest rates next Thursday (February ...
Published: 01-Feb-2008
Egg adds to fixed rate mortgages
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 largely unchanged in January
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
Mortgage approvals continue to fall
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 payments represent biggest burden for households
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 expands tracker and fixed rate mortgages
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 hit first time buyers
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
Scarborough offering new fixed rate deals
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
New product range from Leeds Building Society
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
Alliance and Leicester offer new fixed rate mortgages
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 weakened in second half of 2007
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 down in December
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 improves fixed rate mortgages
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 raises rates on new tracker mortgages
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 re-launches fixed rate mortgages
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
Five million Britons on unsuitable mortgages
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
Gross mortgage lending hits record levels in 2007
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
Demand for first time buyer mortgages set to rise
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
Woolwich offers new fixed rate mortgages
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
Housing market feeling the pinch
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
Post Office cuts fixed rate mortgage interest rates
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
Mortgage brokers expect further rate cuts in 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
Mortgage debt less than a third of UK housing value
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
Scottish Widows launches new long-term fixed-rate product
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
Interest rate decision not all doom and gloom
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
Leeds Building Society offers new fixed-rate mortgage range
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
Bank leaves interest rates unchanged
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
Base rate changes do not automatically lead to mortgage rate cuts
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
Flexible mortgage useful in the event of unexpected events
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
Chancellor calls on lenders to pass on interest rate cuts
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
Mortgage market holding up well
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
House price increases not a turning point
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
Mortgage costs hit seven-year high
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
FSA recommendations not suitable for mortgage market
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
Mortgage approvals fall to three-year low
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
Homeowners must plan ahead for 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
November house prices stable
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
BoE: Mortgage availability worsens
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
Joint mortgages beneficial for first time buyers
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 offers £1,000 fixed term January sale
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
Mortgage lending and approvals low in November
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
First-time buyer numbers dwindling
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
Festive period perfect for thinking about mortgage in 2008
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
Interest rate cut important for mortgage market
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 drops in November
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
New EC mortgage directive has wrong focus
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 launches cash-back offer for re-mortgagers
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 announces rate reductions on fixed-rate deals
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
New Halifax deals look to reward green property purchases
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
Mortgage difficulties still relatively rare
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
Mortgages set for electronic processing
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
Employment and demand set to drive 2008 mortgage market
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
Lenders should support borrowers in difficulties
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
Mortgage repayment requires personal responsibility
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
Call for Cameron to champion Tory mortgage policy reverse
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
Lenders should act responsibly with rising borrowing costs
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
Borrowers move away from fixed rate mortgages
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
House price growth slows in October
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
Borrower circumstances affect the effectiveness of interest rate cut
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
Co-operative Bank launches new fixed rate mortgage
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
Interest rate reduction welcomed
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
Interest rates cut
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 becoming more popular
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
Falling house prices will not benefit all first time buyers
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
Borrowers face a tough time in 2008
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
House prices fall for third month running
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
House prices to fall by 10% in 2008
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
Long-term fixed rate mortgages have a future
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
Empty homes hit house prices
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
Re-mortgage increases force homeowners to cut festive spend
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
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
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
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
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
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
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
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
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
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
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
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
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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