A recent report has shown that there is mixed news about the property market in the UK, with good news about increased mortgage lending being hampered by bad news about negative equity levels. (more…)
Tags: house prices, property market, propA recent report has shown that there is mixed news about the property market in the UK, with good news about increased mortgage lending being hampered by bad news about negative equity levels. (more…)
Tags: house prices, property market, propA recent report has suggested that banks in the UK are slyly trying to make more money from customers by increasing their personal loan rates, which some campaigners have described as being underhand. (more…)
Tags: interest rates, loans, loan ratesAccording to recently released figures there was a drop in property prices for the month of June, following four months of price increases. (more…)
Tags: house prices, property pricesEarlier this month a report was released that indicated that almost a quarter of all homeowners in the UK were unable to find a new home loan deal. (more…)
Tags: mortgages, homeownersIt has been revealed recently that the lack of credit card availability for many consumers could spell good news for unscrupulous loans sharks out there, as an increasing number of consumers may find themselves having to turn to loan sharks when they are struggling financially simply because they cannot see any other option. (more…)
Tags: loan sharks, credit cards, loansA major UK lender recently took a month’s pension money from an old age pensioner to use the money for repayment of her daughter’s debt. (more…)
Tags: pensioner account, debt, caroline connorThere has been a continued increase in the number of properties being sold in the UK according to recently released figures from HM Revenue and Customs. (more…)
Tags: housing market, property salesIt was recently reported by the British Banker’s Association that the level of new home loans for the month of May jumped to its highest level in over a year. (more…)
Tags: mortgage approvals, British Bankers Association, home loans, mortgagesIt has been suggested that first time buyers could finally see some light at the end of the tunnel this summer, as there may be mortgages available that do not demand impossibly high deposits from borrowers. (more…)
Tags: first time buyer mortgages, mortgages, first time buyersEarlier this week the Monetary Policy Committee met up for the July monthly meeting with regards to reviewing the base interest rate. (more…)
Tags: interest rates, base rate, bank of englandAccording to a recent report the average price of property in the UK fell in June following four months of increases. The data comes from the property website Right Move, which claims that in the weeks leading to 13th June property prices fell by 0.4 percent, which took the average property price to £226,436. (more…)
Tags: property prices, housing market125% mortgage. Just when most of us thought that we would never see figures even approaching 100% with regards to mortgages ever again, Nationwide appear to be thinking outside the box with this, distinctly against market trend, deal it’s offering to those trapped in the misery of negative equity. (more…)
Tags: nationwide, 125% mortgages, mortgagesOver the past eight months a series of base rate cuts by the Bank of England have seen the base interest rate plummet to its lowest level in the three hundred and fifteen year history of the Bank of England, standing at just 0.5 percent. According to recent reports many industry experts are now expecting the base interest rate to remain at this historic low level well into the course of next year. (more…)
Tags: base, mortgages, interest ratesSince the onset of the global credit crunch the government and the Bank of England have been trying to find ways of boosting the ailing economy, housing market, and mortgage sector. (more…)
Tags: bank of england, base rate, interest rate, mortgage repaymentsA recent survey has shown that many people believe that the ongoing recession in the UK is going to have an adverse effect on buy to let investors, with many expected to make significant losses on their property investments. (more…)
Tags: mortgages, buy to let mortgages, buy to letmThe number of mortgages available for first time buyers is dwindling according to a recent report, dealing yet another blow to the many first time buyers that are already struggling to get onto the market. (more…)
Tags: mortgages, first time buyersIt has been reported recently that some lenders in the UK could face questioning from MPs next month over two issues that have been at the forefront of the news for some time, and this includes the rising levels of repossessions in the UK and the plunging levels of home loans available to consumers. (more…)
Tags: repossessions, home loans, mortgagesRecently released figures have shown that every month thousand of mortgage applications in the UK are being turned down by lenders. (more…)
Tags: council of mortgage lenders, lenders, bank of england, mortgage approvalsIt has been well noted recently that one of the healthiest areas of lending is ‘buy now pay later’ finance available on the high street. People taking advantage of low or no interest deals are shopping prudently are making their cash go further by spreading the cost of high-value essentials such as sofas and white goods over a period of months. With the downturn in high-street spending, it seems that every retailer is getting in on the act and offering tempting finance deals. (more…)
Tags: buy now pay later, brighthouseAccording to a recent report a new scheme has been rolled out across Wiltshire to try and help the many struggling homeowners in the area that could be at risk of losing their homes through repossession. (more…)
Tags: homeowners, mortgages, wiltshire homeownersMany industry officials have recently been speculating about whether any recovery in the housing market can be sustained, after figures released showed that mortgage interest rates have been increasing for the first time in the space of a year. (more…)
Tags: housing market, fixed rate mortgages, mortgagesSale and rent back schemes have been at the centre of controversy over the past couple of years. Since the onset of the global credit crunch, and with property prices falling, an increasing number of people have turned to these sale and rent back firms in order to avoid losing their homes altogether through repossession. (more…)
Tags: sell and rent back, sale and rent back, mortgagesAn industry expert has recently claimed that an increase in the number of lower deposit mortgages is urgently required in order to help the ailing mortgage market in the UK. (more…)
Tags: mortgages, mortgage depositAn industry expert has recently stated that fixed rates on mortgages in the UK are set to continue to increase, even though the base interest rate remains at the all time low of just 0.5 percent. (more…)
Tags: fixed rate mortgages, mortgagesAccording to recently released figures mortgage lending in the UK fell back again in the month of May. The figures were released by the Council of Mortgage lenders, and the data on the report showed that gross lending was around 2 percent lower in May than it was in April, standing at around £10.3 billion. (more…)
Tags: mortgage lending, mortgages, mortgage approvalsThe Bank of England has recently confirmed figures relating to the levels of negative equity amongst homeowners in the UK following around twenty months of house price falls. (more…)
Tags: negative equity, bank of england, council of mortgage lenders