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Archived Mortgage News - Lender/General Mortgage News

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

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

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

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

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

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

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

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

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

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

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

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

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

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 ...
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