Since April of this year the base interest rate has been at its lowest rate in the history of the Bank of England, which spans over three hundred years, and currently stands at just 0.5 percent. (more…)
Tags: interest rates, bank of englandSince April of this year the base interest rate has been at its lowest rate in the history of the Bank of England, which spans over three hundred years, and currently stands at just 0.5 percent. (more…)
Tags: interest rates, bank of englandIt has been revealed in a recent report that the prices of homes in the country and in rural areas are holding better than the value of homes in urban areas during the property slump. (more…)
Tags: house prices, property pricesAccording to recently released figures the prices on home loans in the UK are continuing to increase even though the base interest rate has now been at record lows of 0.5 percent for many months. (more…)
Tags: home loans, mortgage costsThe stamp duty holiday that was brought in by the UK government last year is set to come to an end at the end of this year, and as a result many potential property purchasers may need to move quickly in order to avoid having to pay a hefty amount of tax on the home that they purchase. (more…)
Tags: mortgage costs, stamp duty, stamp duty holidayIt has been reported recently that the prices at which properties are going at auction now are around 30 percent lower than the market value of the property, which industry officials have said is a gap that has trebled over the past few months. (more…)
Tags: house auctions, property valuesWhilst it is true that property prices in the UK have fallen over the past eighteen months the cost of purchasing a home in the UK is still high, which makes things difficult for first time buyers. (more…)
Tags: house prices, property pricesAccording to figures that were recently released by the mortgage lender Halifax there was a significant increase in property prices in the UK between April of this year and August, with the average property price said to have increased by around £6000. (more…)
Tags: house prices, property valuesWith the September Monetary Policy Committee meeting having been held last week the Bank of England has announced that there is to be no change in the current base interest rate, which will remain at its record low of just 0.5 percent for yet another month. (more…)
Tags: interest rates, mortgages, bank of englandIt has been reported that up to four hundred thousand homeowners in the UK could be defaulting on their mortgage repayments by 2011 partly as a result of soaring unemployment levels. (more…)
Tags: unemployment, mortgage defaults, mortgagesFigures that were recently released by the Council of Mortgage Lenders have indicated that mortgage lending in the UK is continuing to rise following a very volatile eighteen months where lending levels plummeted. (more…)
Tags: mortgages, mortgage lendingAccording to industry officials there could be serious problems ahead for many middle class families who took out interest only mortgages, with many facing the prospect of being unable to move for many years to come due to plummeting property prices and negative equity. (more…)
Tags: mortgage repayment, interest only mortgages, mortgagesIt has been revealed in a recent industry report that many first time buyers have been seeking mortgage related advice in the current difficult financial climate, as they desperately try and get their foot onto the property ladder. (more…)
Tags: first time buyers, mortgagesAccording to recent surveys many landlords are now selling their properties albeit reluctantly, and this is driving the cost of rents up for tenants who wish to rent a property. (more…)
Tags: rent increase, rental market, rental propertiesIndustry officials have recently predicted that property values in the UK could be higher at the end of this year than they were at the end of last year. (more…)
Tags: house prices, property marketWhilst much of the news relating to mortgage and housing affordability in the UK has been bleak for quite some time, there has been a little good news for consumers recently. (more…)
Tags: mortgage arrangement fees, arrangement fees, mortgagesOver recent years mortgage fraud has become a big problem in the UK as well as in other countries and the UK’s financial regulator, the Financial Services Authority, has been clamping down on this sort of activity through taking various measures including hefty fines and bans for those industry officials that are found to be involved in mortgage related fraud. (more…)
Tags: Goldsparkle Consulting Services Limited, mortgage broker, Grace Nmadibechi Ada Ukala, FSA, mortgagesIt has been reported that whilst UK banks are restricting lending to borrowers from the UK some foreign banks are hoping to increase business by taking on some of the UK consumers who are struggling to get the finance that they need from UK lenders. (more…)
Tags: mortgages, bank of china mortgages, prime mortgages, bank of chinaAccording to recent figures that have been released by the Council of Mortgage Lenders the number of mortgage defaults in the UK has been rising, and have hit a twelve year high.
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Banks in the UK have been accused recently of ‘choking’ the housing market by failing to hand out mortgage loans, even to the best buyers with five star credit. (more…)
Tags: mortgage approvals, housing market, mortgagesOne bank has recently reported that there has been an increase in mortgage applications as well as mortgage approvals, with the rock bottom base interest rate and relatively low property prices continuing to create a flurry of interest in the property market. (more…)
Tags: mortgages, mortgage applicationsIt has been revealed that almost all endowment policies will not actually cover the cost of repaying the mortgage at the end of the term. (more…)
Tags: endowments, stock market, endowm, mortgagesA warning has been issued by lenders with regards to the expense of mortgages, with officials stating that restraints on mortgage lending are set to continue, and certainly aren’t likely to ease up in the near future. (more…)
Tags: mortgages, first time buyers, mortgage applicationsOfficials from the Royal Institute of Chartered Surveyors have predicted that there will be an increase in property prices over the coming three months, bringing fresh hope to the millions of people that have been affected by falling property prices since the onset of the global credit crunch. (more…)
Tags: mortgages, property prices, housing marketAccording to industry experts problems are arising for surveyors when it comes to accurately providing property valuations, and this is because of the fluctuation in property prices. (more…)
Tags: house prices, house survey, house valuationsAccording to a recent report around 10 percent of property sales in the UK are being stopped as a result of problems with mortgages. (more…)
Tags: mortgage applications, mortgagesThe British Banker’s Association has recently reported that whilst mortgage lending did hit rock bottom levels over the past couple of years June saw mortgage lending levels increase to their highest level in around fifteen months. (more…)
Tags: mortgage lending, mortgage approvals, mortgagesWith lending conditions amongst banks in the UK still highly restricted it has been revealed that some of us may have to learn to rely on foreign banks for our financial needs until the UK lending system sees some form of improvement. (more…)
Tags: foreign mortgages, mortgages, bank of china mortgages, bank of chinaA recent report has suggested that the stringency in the mortgage lending industry, which has been seen over the past two year since the onset of the global credit crunch, is now being relaxed slightly, as many are concerned that if it continues it could hamper the possibility of recovery within the property market. (more…)
Tags: mortgages, loans, home loansIn response to the rising number of homeowners that have fallen into negative equity since the house price crash in the UK one leading lender has re-introduced the 125 percent mortgage. (more…)
Tags: negative equity mortgages, nationwide, mortgagesA 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: prop, house prices, property marketAccording 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: homeowners, mortgagesThere 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: property sales, housing marketIt 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: British Bankers Association, mortgages, home loans, mortgage approvalsIt 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 buyers, mortgages, first time buyer mortgagesEarlier 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, bank of england, base rateAccording 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: housing market, property pricesOver 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: interest rates, base, mortgagesSince 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: base rate, mortgage repayments, interest rate, bank of englandA 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, buy to let mortgagesmThe 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: first time buyers, mortgagesIt 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: mortgages, home loans, repossessionsRecently released figures have shown that every month thousand of mortgage applications in the UK are being turned down by lenders. (more…)
Tags: bank of england, council of mortgage lenders, mortgage approvals, lendersAccording 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: wiltshire homeowners, mortgages, 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: mortgages, housing market, fixed rate 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: sale and rent back, sell 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: mortgage deposit, mortgagesAn 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: mortgages, fixed rate 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 approvals