During the third quarter of last year the number of people that were losing their homes nearly doubled, according to recent reports.

According to officials from the Council of Mortgage Lenders, mortgage lending over the course of last year fell by around 30 percent, taking it to its lowest levels since around 2002.

According to recently released figures 2008 saw house prices in the UK fall by 15.9 percent. The figures come from a survey from the Nationwide Building Society.

HSBC has enjoyed being named the top mortgage lender of 2008 recently, taking the title from the 2008 winner, which was the Furness Building Society.

According to recent reports a major Irish bank plans to cut back on its mortgage lending operations in the UK, further impacting on the already struggling mortgage market and increasing the difficulties that borrowers face when it comes to getting a mortgage.

According to recent reports many people may be able to get their hands on bargain properties as a result of the ongoing property slump. Consumers are being advised that if they have the available cash or are able to get a mortgage loan now may be the ideal time to buy a property that was [...]

The Land Registry has recently released figures that show that house prices fell by a nearly 2 percent in November, taking another tumble of around 1.9 percent. Officials said that as market activity fell for yet another month the value of homes also fell.

The results of a recent poll have revealed that an increasing number of middle class homeowners are concerned that they will not be able to keep on top of their mortgage repayments over the coming year, according to a recent report.

According to recently released reports many of the estate agents in the London area have been selling an average of less than one property per month, as the housing downturn continues its downward spiral.

According to recent reports many banks are now using a range of excuses to turn down mortgage applications, as more and more banks shy away from lending money as a result of the ongoing financial crisis. Reports have claimed that lenders are using any excuse to turn down mortgage applications from consumers, adding that potential [...]

Following the recent Monetary Policy Committee meeting held last week the Bank of England has announced that the UK base interest rate has been cut yet again, falling by 0.5 percent from 2 percent to just 1.5 percent.

Two major UK lenders have decided that they are going to postpone making any house price forecasts for next year in the current climate, even though they have been forecasting house price movement for years. Usually the Halifax and the Nationwide tend to forecast prices for the coming year, but this has all changed following [...]

According to a recently released report house price falls in the UK are coming at a faster pace than the hour price falls during the crash of the 1990s. November saw the property market go through a sharp and rapid deterioration, with data from the Halifax suggesting that house prices had fallen by over 2.5 [...]

According to a recent report the number of mortgage products being offered by lenders across the UK is continuing to fall, with lenders favouring those with higher deposits to put down in the current financial climate, resulting in fewer mortgage products being made available by lenders for those that do not fit into this group. [...]

A recently released report has shown that mortgage lending in the UK has shrunk yet again, with figures indicating that the level of mortgage approvals is now around 60 percent lower than it was for the same period last year. Mortgage approvals have plummeted over the course of this year with banks too wary to [...]

Over the past year the UK has seen its property prices plummet month on month, with prices now having fallen by far more than many had originally predicted and with further house price falls expected over the coming year by many industry experts. Many sellers have either had to accept lower offers for their properties [...]

Nationalised lender Northern Rock, which was nationalised earlier this year after becoming one of the first major victims of the global credit crunch in the UK, has been accused of selling off repossessed home at knock down prices in a bid to try and get back as much money as possible as quickly as possible [...]

According to recent reports the 100% mortgage could be on its way back through a government backed scheme aimed at first time buyers and low income households after being wiped from the shelves earlier this year by worried lenders that did not want to take the risks associated with these mortgages during the ongoing global [...]

Lenders who deal with home loans have been given a fairness deadline, and have been told that they could face hefty fines if they fail to treat customers fairly when it comes to dealing with arrears on home loans. Lenders have been told that they must prove that customers that are in arrears or are [...]

Recent reports have indicated that despite the base rate cuts that have been applied by the Bank of England over the past few weeks some homeowners may not actually benefit from these reductions, as many lenders have not passed the rate cuts on. The central bank is expected to cut rates further next year, but [...]

Officials from the Council of Mortgage Lenders have recently stated that the situation with mortgage lending levels may get worse, stating that whilst mortgage lending has certainly been rationed over the course of this year as a result of the global credit crunch and tighter lending conditions the likelihood was that it would be further [...]

Recent figures have shown that rental prices on homes are being driven down as a result of the many homes that remain unsold on the UK’s property market. Property sales have been very low over recent months, and although they have increased slightly over recent weeks due to more realistic pricing from sellers, they did [...]

For many years first time buyers have struggled to get onto the property ladder for one reason or another. For a number of years the problem has been the soaring price of property in the UK, but more recently, even thought house prices have been falling, other problems have emerged for first time buyers. This [...]

As part of the package of measures that was announced in the recent pre-budget report, homeowners who lost their jobs are set to get extra help from the government to ensure that they do not lose their homes. Previously, the government covered interest payments on mortgages for those that had been out of work for [...]

According to the results of a recent survey HSBC is the most competitive mortgage provider, having made forty two appearances in a top ten poll of mortgage providers by an online comparison site. The results were up to the end of September of this year, and resulted in the bank being dubbed the most consistently [...]

Officials from the Nationwide Building Society have recently stated that the fall in house prices in the UK could continue over the course of 2009 and even into 2010. The building society, which has slashed mortgage lending like many other lenders since the onset of the global credit crunch, has said that the housing market [...]

Following the recent 1.5% base rate cut, and in response to calls from the Prime Minister, Gordon Brown, a number o major lenders in the UK have said that they will be passing on the full 1.5% rate cut to borrowers over the coming weeks. As hoped by the government this could help to ease [...]

According to recent figures house prices have fallen for yet another consecutive month, and after a fairly small price fall in September figures show that house prices have now fallen by a further 2.2 percent in October. The figure comes from the Halifax, and officials from the lender have said that the October fall has [...]

Figures that have recently been released have shown that mortgage lending for the month of October rose by around 7 percent, with gross mortgage lending totalling £18.7 billion for October compared to £17.5 billion for September. However, whilst mortgage lending for the month has risen compared to the previous month officials have said that lending [...]

According to an industry expert people with commercial mortgages could enjoy some good news, as it has been predicted that in the coming months interest rates could fall to as low as 2.5 percent. One industry experts has said that it is likely that the Bank of England will soon cut the base rate by [...]