An 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 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: 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: mortgages, mortgage lending, mortgage approvalsEarlier 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. (more…)
Tags: HSBC mortgages, rate matcher, mortgagesIt 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. (more…)
Tags: mortgages, first time buyersA 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. (more…)
Tags: bank claims, British Banker's Assocation, mortgagesIt 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. (more…)
Tags: mortgage debt, mortgages, pay off mortgage, mortgage balanceOver 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. (more…)
Tags: dundee tenants, dundee right to buy, mortgagesAccording 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. (more…)
Tags: mortgages, tracker mortgages, fixed rate mortgages, credit crunchAccording 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 eight years in April, standing at £2.7 billion. (more…)
Tags: mortgages, remortgagesA 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. (more…)
Tags: mortgage rescue scheme, mortgag rapayments, mortgagesRecently 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. (more…)
Tags: mortgages, march mortgagesA 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. (more…)
Tags: mortgages, mortgage lendingDespite 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. (more…)
Tags: mortgages, mortgage approvalsEarlier this month the nationalised bank, Northern Rock, was accused of making ‘obscene’ profits from its mortgage customers. (more…)
Tags: northern rock mortgages, mortgages, northern rock, mortgage customers, northern rock profitsLenders 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. (more…)
Tags: negative equity, mortgages, council of mortgage lenders, house4 valueWhilst 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. (more…)
Tags: Association of Mortgage Intermediaries, bad credit, mortgagesThe 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. (more…)
Tags: mortgage rejections, mortgages, mortgage applicationRecently 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. (more…)
Tags: house prices, mortgages, house marketThe interest rates for mortgages in the UK are at the lowest level they have been in 300 years. Many homeowners are wondering if they should lock in their mortgage at these lower rates in an attempt to save money on their mortgage payments. (more…)
Tags: interest rates, base rate, lock mortgage rates, mortgages, fixed rate mortgages, variable rate mortgagesFigures 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. (more…)
Tags: house market, house prices, mortgagesSurveyors 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’. (more…)
Tags: house market, mortgages, surveyorsA 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. (more…)
Tags: negative equity, mortgages, council of mortgage lendersSince October of 2007 house prices in the UK have been falling month on month, and have so far plunged by around 20 percent compared to their peak. (more…)
Tags: mortgages, house prices, property marketA 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. (more…)
Tags: mortgage insurance, Association of British Insurers, mortgagesSome 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. (more…)
Tags: mortgages, bank profits, fixed rate mortgagesOfficials from the Royal Institute of Chartered Surveyors have called for an increase in funds to be injected into the mortgage sector. (more…)
Tags: Royal Institute of Chartered Surveyors, bank of england, mortgagesRecently released figures have shown that the level of mortgage approvals for the month of February increased by more than many industry officials had been expecting. (more…)
Tags: Royal Institute of Chartered Surveyors, bank of england, mortgages, mortgage approvals