Figures have recently been released showing that around 50 percent of all new mortgages issued in the UK are now arranged through the Spanish based lender Santander, which owns banks such as Abbey and Alliance & Leicester in the UK. (more…)
Posts Tagged ‘mortgage’
Half of all new mortgages issued by Santander
Wednesday, March 10th, 2010
13 percent drop in UK repossessions
Saturday, March 6th, 2010Recently released figures have shown that in the final three months of last the number of properties in the UK falling into repossession fell significantly, as did the levels of mortgage arrears in the UK. (more…)
154 percent increase in deposits required by first time buyers
Thursday, March 4th, 2010According to recent reports the average amount of deposit that is required by first time buyers in Scotland has increased by a shocking 154 percent since 2007. (more…)
Increased protection could be put into place for homeowners in debt
Thursday, February 25th, 2010It has been revealed that action being taken by the Ministry of Justice could result in a greater degree of protection for homeowners that could otherwise be at risk of losing their homes because of their inability to make repayments on personal debts such as credit cards. (more…)
Mortgage availability on the increase
Tuesday, February 23rd, 2010Over the past couple of years the mortgage industry has been through some tough times, and both consumers and the economy as a whole have been affected by the lack of mortgage finances that has been available. (more…)
Are you thinking of selling your home?
Thursday, February 18th, 2010With house prices having increased over the latter part of this year many people may be considering selling their homes next year, and with interest from buyers on the increase the New Year could prove to be a good time to sell. (more…)
FSA proposes new rules for those in mortgage arrears
Thursday, February 18th, 2010Over the past couple of years, with the credit crunch, recession, and pay freezes affecting so many households, a rising number of homeowners have fallen behind with repayments on their mortgages, and for many this has resulted in the loss of their homes through repossession. (more…)
Continued popularity for variable rate mortgages
Monday, February 15th, 2010Whilst there was a time when people wanted to avoid variable rate mortgages because of the high rate of interest attached to them many people at the moment are finding that these are the most cost effective mortgage types to opt for because of the record low interest rate that is still in place. (more…)
Older homeowners warned about eviction threat from sale and rent back operators
Thursday, February 11th, 2010A warning has been put out for older homeowners that may be looking to release equity from their homes, with officials concerned that many of these homeowners could end up at the mercy of sale and rent back operators that are nohttp://www.glitec.co.uk/wp-admin/post.php?action=edit&post=1680&message=6t operating to FSA regulations. (more…)
Estranged coupled being forced to live together due to negative equity
Monday, February 8th, 2010As most homeowners will know falling into negative equity can bring with it many problems, not least of which is being tied to the home because the value of the property has fallen below the amount that is still owed on it. However, another problem that has been highlighted with regards to negative equity is that in some cases couples that have drifted apart or no longer want to be together are being forced to continue living under the same roof as a result of being in negative equity. (more…)
Generate money from your home whilst you are away
Saturday, February 6th, 2010It is no secret that many homeowners these days are experiencing difficulties when it comes to making their mortgage repayments and making ends meet financially, even with the base rate at an all time low of just 0.5 percent. (more…)
Lenders pushing more expensive deals
Tuesday, January 19th, 2010A recent report has suggested that lenders may be pushing their more expensive mortgage deals onto consumers, with deals such as short term fixes, which are being pushed by lenders, proving to be costly for consumers. Many lenders are said to be focussing on pushing deals where rates are fixed for two years or less, and which tend to be the most expensive for consumers. (more…)
Up To 4 Percent Increase In House Prices Says CEBR
Friday, January 15th, 2010It has been forecast by the Centre for Economic and Business Research that house price increases next year will start to moderate and stabilise after a series of increases over recent months. (more…)
Cost Of Personal Loans Increased By Banks
Monday, January 11th, 2010Recent figures have shown that since the start of this year the cost of personal loans has been increased by banks, and this is despite the fact that the base interest rate has been at an all time low of just 0.5 percent for the past nine months. Since the start of this year the cost of a best buy loan for £5000 is said to have increased by around 1.54 percent to 10.78 percent according to reports. (more…)
Could shared ownership be the answer to your property dreams?
Saturday, December 19th, 2009For many would be first time buyers the dream of homeownership has never been quite within reach. For many years the price of property in the UK was so high that most first time buyers did not have the income to get the mortgage that they needed, despite the fact that many lenders were increasing income multiples to as high as six or seven times the income. (more…)
Repossessions relating to credit card debt could increase
Friday, December 18th, 2009There are concerns that the number of repossessions in the UK that stem from credit card debt rather than secured debt may start to increase, which means that many people that may have kept on top of their mortgage repayments and other secured debts could still end up losing their home because of other debts that they have defaulted in even if the debt was not a secured one such as credit cards. This is due to proposals that are set to go into consultation over the coming weeks. (more…)
Lenders offer 125 percent mortgages to existing customers
Wednesday, December 16th, 2009Over recent weeks a number of lenders have decided to bring back 125 percent mortgages, but these will only be made available to existing borrowers who have very good credit and need to move home. (more…)
Experts give opinions on FSA mortgage lending regulation changes
Tuesday, December 15th, 2009The mortgage markets have been turbulent to say the least over the past couple of years, and many of the problems that have almost brought the financial sector to its knees have been blamed on irresponsible mortgage lenders over the past decade, where high income multiples, extended repayment periods, lending to those with bad credit, jumbo mortgages, and high risk lending was all part and parcel of the mortgage lending sector. (more…)
Cumberland Building Society gets national award
Tuesday, December 15th, 2009The banking industry has suffered a series of knock backs over the past couple of years, and as a result of a number of factors many consumers have lost confidence in banks and building societies, which have come under fire for a variety of things. (more…)
Mortgage lending in October increased compared to previous month
Monday, December 14th, 2009Figures that were recently released by the Council of Mortgage Lenders have shown that there was a month on month increase in mortgage lending for the month of October, with mortgage lending for the month rising by around 5 percent compared to September. (more…)
Consumer should not switch mortgages without banking fees
Friday, December 11th, 2009Consumers are being warned that they should avoid switching their mortgage loans without first checking the fees that they will be charged for the privilege. (more…)
Ban on self cert mortgages will not cut off everyone with an irregular income
Friday, December 11th, 2009Since the UK’s financial regulator the Financial Services Authority announced plans to ban self certification mortgages in their current form there has been a lot of controversy.
Rent to Home-buy scheme deemed unsuccessful
Wednesday, December 9th, 2009The Rent to Home-buy scheme that was launched by the government in the hope of enabling more people to get onto the property ladder has been deemed unsuccessful. (more…)
Rise in the number of landlords obtaining buy to let mortgages
Monday, December 7th, 2009Figures that have recently been released by a mortgage group have suggested that a rising number of landlords are adding to their property portfolios by obtaining buy to let mortgages. (more…)
Bloomberg survey suggest up to five years for full house price recovery
Friday, December 4th, 2009Since property prices reached their peak in the UK in October of 2007 the value of homes in the nation have plunged, with many homeowners seeing tens of thousands of pounds being wiped off the value of their homes. (more…)
Fake Payslips Beig Bought Online For Mortgage Fraud
Wednesday, December 2nd, 2009Following an investigation by the Observer newspaper it has been revealed just how quick and easy it is for criminals to purchase fake payslips via the Internet and then go on to commit mortgage fraud. (more…)
FSA accused of treating lenders like drug dealers
Tuesday, December 1st, 2009The UK’s financial regulator, the Financial Services Authority, has been accused by the banking industry of treating both banks and building societies like ‘drug dealers at the school gates’. (more…)
FSA voices concerns over recklessness of some lenders
Monday, November 30th, 2009The UK’s financial regulator, the Financial Services Authority, has commented on the extent of the recklessness of some of the UK’s lenders. (more…)
Woolwich tightens affordability calculations
Thursday, November 26th, 2009The mortgage sector of Barclays, the Woolwich, has announced that it has recently tightened up its mortgage affordability calculations, which could potentially make it difficult for many borrowers to get a competitive mortgage loan from the lender. (more…)
Homeowners given advice on making money from their home
Monday, November 23rd, 2009In the past many people with their own homes were reliant on the equity in their properties to provide them with financial stability in the future. (more…)