According 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. [...]

The 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.

Earlier this month the High Street banking giant HSBC brought back one of its popular mortgage products, the Rate Matcher mortgage, which promised to match or beat a homeowner’s current rate and fix it for two, three, or five years.

It has been reported that as many as 65 percent of would be first time buyers that may have been hoping to get onto the property ladder before house prices start increasing again may have little or no luck, as they do not think that they will be able to afford to do so.

A recent report has claimed that many of the UK’s banks are exploiting their mortgage customers, with the banks’ profit margins soaring to the highest levels seen since the onset of the global credit crunch.

It has been claimed recently that many homeowners with mortgages in the UK will be able to benefit from paying their mortgage loans off far earlier than the scheduled repayment date thanks to the historically low base rate, which has stood at o.5 percent for some months.

Over recent years a variety of mortgage lenders have launched special deals for people living in council houses who are interested in buying their homes and getting onto the property ladder.

According to official from a mortgage broker group more and more people in the UK are now looking to take mortgage loans out over longer terms. The officials claim that over half of the people that came to get help in finding a mortgage product were looking for terms of at least three years.

According to a recent report the borrowing levels of consumers in the UK are being affected by uncertainty over their finances. Officials from the British Bankers Association have said that households’ uncertainty over their finances is leading to lower levels of borrowing, with net mortgage lending amongst UK lenders at its lowest level in [...]

Since the onset of the global credit crunch in 2007 mortgage related fraud has become increasingly prevalent in the UK, as well as in other countries such as the United States.

A recently released report claimed that whilst the mortgage rescue scheme launched by the government had been aimed at stopping many families from losing their homes, only one family had actually benefited from it.

Recently released figures relating to the mortgage market and housing activity have shown that during the month of March mortgage approvals for people that were buying properties increase by around one third.

A recent report released by the Council of Mortgage Lenders has claimed that the level of mortgage lending for the month of April fell back again, following a surprise increase in mortgage lending for the month of March.

Despite the doom and gloom that has been surrounding the mortgage markets over the past year or do, recent figures have shown that there was an increase in mortgage approvals for the months of April, brightening the dark mood that has been surrounding the mortgage industry over recent months.

According to figures that were recently released in relation to UK property values house prices for the month of May edged up slightly from April, rising by 1.2 percent for the months.

According to recent report some industry officials are encouraging homeowners and new buyers to fix their mortgage interest rates amidst speculation that the base interest rate could rise sharply in the future having been slashed over the past seven months and having falling to its lowest level in the three hundred and fifteen year history [...]

Earlier this month the nationalised bank, Northern Rock, was accused of making ‘obscene’ profits from its mortgage customers.

Lenders have recently stated that the number of property transactions and home moves is set to be seriously hampered by the fact that so many people are now in or facing negative equity as a result of plunging property valued.

Whilst people that have had bad credit ratings in the past have found that there is far less choice when it comes to getting finance such as mortgages, there is little doubt that since the onset of the global credit crunch things have got far worse for this group.

The UK’s financial regulator, the Financial Services Authority, has recently taken action against a mortgage broker that was said to be involved in fraudulent activity.

The number of mortgages that are being rejected has increased by around four times, according to a national newspaper report. It is said that despite the fact that these mortgage applications fit with the lenders’ criteria on paper, an increasing number of lenders are still finding reasons to turn them down.

Recently released figures for the month of April have shown that whilst interest from buyers in the housing market increase the pace of house price falls slowed down.

Figures that were recently released by the Nationwide Building Society have shown that despite the surprise increase in house prices in March, property prices in England and Wales are continuing to fall, with April seeing a slight dip in house prices.

Surveyors from the Royal Institute of Chartered Surveyors have stated that whilst property sales levels in the UK still remain low there has been rising interest from would be buyers. Officials from RICS said that rising interest from potential buyers was gaining ‘real momentum’.

Britain’s largest building society, Nationwide, decided earlier this month to increase its interest rates on standard variable rate mortgages, which has sparked fears that other lenders will follow suit.

Recent reports have indicated that the cost of buying a home in the UK has soared by around £2000 in the past five years, and this has come as a result of rocketing fees, low valuations, and more.

A couple of weeks ago the Council of Mortgage Lender released worrying figures with regards to negative equity levels amongst homeowners in the UK, claiming that 900,000 homeowners had been plunged into negative equity as a result of falling house prices.

Nobody can argue about the fact that the past year has been a particularly turbulent one for estate agents and other industries connected to the property market, as the slump in property sales has made things very difficult.

A recent report has highlighted how millions of working homeowners could be facing a whopping 40 percent rise in the cost of insurance cover that they took out to make their mortgage repayments in the event that they were unable to make repayments themselves for a period of time due to illness, accident, or redundancy.

Some industry experts have recently claimed that many banks are now making profits from fixed rate mortgage loans by increasing their profit margins sharply on these popular loans.