Mortgage News
Record number of landlords experience tenant demand growth
A record number of landlords are experiencing growing levels of tenant demand, with many predicting that demand will continue to rise over the next 12 months....
More seeking help with mortgage and fuel arrears says Citizens Advice
New figures released today by national charity Citizens Advice reveal that more people are seeking advice on how to manage mortgage and secured loan arrears and fuel debts. ...
Tidying up clutter will increase the saleability of your home
The National Association of Estate Agents (NAEA) today published research of its members to determine what they believe is the best way to increase the saleability of a home. ...
Nationwide reports September house price fall
House prices fell by 1.7% in September. This brings the price of a typical house in the UK to £161,797, 12.4% less than at this time last year....
Britannia cuts mortgage rates
Britannia has reduced the rate of its three and five year fixed rate mortgages, including its member only option, as well as cutting its two year discount tracker. ...
Lloyds TSB and HBOS merger another brick in the wall for the UK financial market
Commenting on the planned £12.2bn takeover of Lloyds TSB and Halifax Bank of Scotland (HBOS), Graham Spooner, Investment Adviser at The Share Centre, said:...
50% more borrowers taking variable rates
Legal & General's third report in the 'Mortgage Purchase Index' series analyses trends from over 19,000 mortgage applications made in the last quarter....
92% of estate agents say an extension could increase the value of your home
With the current state of the market, home owners are losing confidence and as a consequence want to make the most of their current home. ...
Prepaid cards: The future of debt management?
As consumer debt reached £1.44 trillion this summer, Newcastle Building Society Card Solutions, one of the premier providers of MasterCard® prepaid cards in the UK and Europe...
Abbey cuts rates for customers with smaller deposits
Abbey is cutting rates by 0.6 per cent on its mortgages for customers with a 15 per cent deposit, as well as introducing five new deals to this range. It is also reducing fees on these products by up to £1,000, so the 85 per cent LTV range - which is available for borrowing of up to £550,000 - now starts at:...
Tighter lending criteria and falling house prices discourage first-time buyers
Remortgaging rose and lending for house purchase held steady in July, by comparison with June, although loans to first-time buyers continued to decline according to the latest survey from the Council of Mortgage Lenders....
Invest in your garden to beat housing slump
New research from Yorkshire Bank has found that homeowners think their garden is worth over £9,000 - with those currently without one willing to shell out over a third of their annual salary to add one to their property....
Over 650,000 UK businesses struck by crime in the last year
No company likes to be a victim of crime but a new survey by insurer RSA has found that it's a regular occurrence for a significant number of businesses and they are incurring thousands of pounds of damage as a result. ...
The Cheshire slashes rates on its fixed rate mortgages
Cheshire Building Society has slashed the rates on the majority of its fixed rate mortgages by 0.50%, offering borrowers competitively priced options to suit a range of needs....
RBS and Natwest Give Mortgage Borrowers a Boost
RBS and NatWest announces they are to cut rates by up to 0.30% - with the prices on the majority of new fixed and tracker mortgages lowered by at least 0.10%....
Buy-To-Let Yields Remaining Stable
Buy-to-let yields remained stable at 6.4% for the second consecutive month in June, according to Paragon Mortgages' Buy-to-Let Index. Average UK rents, which had been rising rapidly, have stabilised just short of £1,000 a month, and remain 9.3% higher than a year ago....
Lloyds TSB and Cheltenham and Gloucester reduce mortgage rates
Lloyds TSB and Cheltenham & Gloucester will reduce a number of mortgage rates on Tuesday 29 July by up to 0.38%.
Both brands will also introduce a new product range for loans between £50,000 and £250,000....
Advisers warn clients to come out of insurance bonds
Almost half of all advisers with clients who have Insurance Bonds are considering reviewing their policies with a view to switching them where appropriate into Mutual Funds, according to a recent surv...
Coventry cuts offset rates
Coventry will reduce the rates on its offset range by up to 0.30%, this Thursday (31 July)....
Mortgage lenders respond to Crosby report
Responding to today's release by the Treasury of Sir James Crosby's interim review of the mortgage finance markets, the Council of Mortgage Lenders welcomes the analysis and the recognition that a shortage of mortgage funding will persist for years without intervention....
Germany tops property risk reward outlook according to latest SWIP research
SWIP has today launched an analyis of the European property market on a risk-adjusted basis and finds that Germany remains at the forefront, with the best sector outlook over the next five years being...
Financial compensation service handles 22,000 claims
The Financial Services Compensation Scheme (FSCS) improved its service to consumers while cutting its costs during 2007/08, according to its annual report out today. At the same time, the Scheme passe...
House prices fall one per cent in June
Average house prices in England and Wales fell one per cent in June, taking the average price to £180,781, according to the latest figures from Land Registry.
Annual house price growth sh...
Online banking usage shoots up
Just released figures (for 2006) from APACS, the UK payments association, reveal that in the past 5 years the greatest proportion of new internet banking users has been in the over-55 age group. Stats...
Market volatility fails to dent confidence
Turbulent markets have failed to rock consumer confidence and may even have prompted a turn in optimism over interest rates, according to the latest Consumer Barometer from Lloyds TSB Corporate Market...
