UK and world daily Mortgages stories | Money Avenue Finance News

Yorkshire Building Society Cuts Rates for Borrowers with 10% Deposit

Thu, 27 Sep 2012 07:37:15 +0100

Following the example of other UK lenders that have already taken advantage of Funding for Lending scheme and cut mortgage rates for first-time buyers and borrowers...

Leeds Building Society Launches 10-Year Mortgage

Wed, 26 Sep 2012 06:28:10 +0100

Earlier, we have reported that demand for long-term mortgages in the UK has risen. Most banks were offering 7-year mortgages, but yesterday, Leeds Building Society...

High-Street Lenders in UK Offer Unacceptable Customer Service – Which?

Thu, 20 Sep 2012 07:19:28 +0100

The latest report by independent consumer agency Which? suggests that all major lenders in the UK offer poor customer service.Whereas the national average score...

7-Year Mortgages for First-timer Buyers Launched by Lloyds TSB and Halifax

Tue, 18 Sep 2012 07:17:26 +0100

Lloyds TSB and Halifax have reported the launch of a new 7-year mortgage for first-time buyers.The two deals are almost the same, as both are offered at a rate of...

CML Reports a Fall in Mortgage Deposit for First-time Buyers

Fri, 14 Sep 2012 06:40:19 +0100

The latest report by the Council of Mortgage Lenders (CML) published on September, 12th, suggests that the number of home loans increased in July.The month-on-month...

Santander Cuts Mortgage Rates for First-time Buyers

Tue, 11 Sep 2012 07:02:33 +0100

Last week, Santander followed the example of other lenders and announced reductions in mortgage rates for first-time buyers.Thanks to the Funding for Lending Scheme...

HSBC Launches New Attractive Mortgages for First-time Buyers

Wed, 05 Sep 2012 03:49:50 +0100

Earlier, we have already reported that HSBC bank - the one that was the first to slash mortgage interest rates upon the beginning of Funding for Lending programme...

Level of Mortgage Affordability in UK Hits 15-Year High

Fri, 31 Aug 2012 06:09:47 +0100

The latest report by Halifax bank suggests that home loans in the UK are now at their most affordable level for the past 15 years.As such, an average mortgage payment...

Leeds BS Launches Mortgages at Record Low Rates

Wed, 29 Aug 2012 06:10:55 +0100

Last week, Leeds Building Society was the first to announce the launch of 80% LTV mortgages at record low interest rates.Earlier this summer, such banks as HSBC...

UK House Prices Fall by 0.1% in July – Hometrack

Tue, 28 Aug 2012 07:02:35 +0100

According to the latest report by Hometrack, UK house prices have decreased by 0.1% in August, marking the second consecutive month of decline. On an annual basis...

HSBC Withdraws Its Cheapest Mortgage

Wed, 22 Aug 2012 06:24:58 +0100

Last month we have reported that HSBC was the first UK bank to bring the Funding for Lending programme by the Bank of England to borrowers as it launched its 60...

Skipton Building Society Cuts Mortgage Rates

Tue, 21 Aug 2012 06:46:19 +0100

Yesterday, on August 14th, Skipton Building Society announced a cut in mortgage interest rates.Skipton BS is another lender, that followed the suit of HSBC, Santander...

UK Mortgage Lending Rises 8% in July 2012 – CML

Tue, 21 Aug 2012 06:42:58 +0100

The latest report by the Council of Mortgage Lenders (CML) published on August, 20th, suggests that mortgage lending has increased by 8% in July and reached 12.7...

Hull Tops the List of Most Affordable Cities for First-time Buyers

Tue, 14 Aug 2012 06:04:30 +0100

The latest research by Adzuna revealed that Hull is the UK city with the most affordable properties for first-time buyers.Researchers calculated the property affordability...

Santander Cuts Mortgages Rates on a Range of Products

Thu, 09 Aug 2012 07:05:59 +0100

Earlier, we have already reported that Santander has cut interest rates on mortgages for first-time buyers and cash-rich buyers.Today, however, the bank made another...

Leeds Building Society Cuts Buy to Let Mortgage Rates

Tue, 07 Aug 2012 07:12:46 +0100

Yesterday, on August 6th, another lender announced a cut in mortgage rates.This time, Leeds Building Society said it slashes interest rates on buy to let mortgages...

Santander Cuts Mortgage Rates for First-time Buyers

Mon, 06 Aug 2012 06:51:48 +0100

While most UK banks are cutting interest rates on mortgages for cash-rich buyers, Santander has launched new mortgage deals for first-time buyers.The new deals for...

Nationwide Launches 4-Year Fixed Mortgage at 2.89%

Fri, 03 Aug 2012 03:17:57 +0100

On August 1st another UK lender announced a new mortgage deal at a record low rate.This time, existing Nationwide Flex account holders with 40% deposit can take...

NatWest Offers 5-Year Mortgage at 2.95%

Tue, 31 Jul 2012 07:07:04 +0100

Earlier, we have reported that UK banks are slashing interest rates on mortgage deals. For instance, HSBC and Barclays have cut interest rates to 2.99% for those...

First Direct Cuts Mortgage Rates on Standard and Fee-free Products

Mon, 30 Jul 2012 07:12:59 +0100

On Friday, July 27th, Coventry Building Society, announced a cut in mortgage interest rates on both, standard and fee-free deals.Now, the lender's leading deal Fixed...

Santander Launches 2.99% Fixed-rate Mortgage in the UK

Mon, 23 Jul 2012 07:24:38 +0100

Last week we have already reported that one of UK leading lenders - HSBC - has launched a fixed mortgage for cash-rich customers at a record low rate of 2.99%.Another...

HSBC Launches New Mortgage Deals at Record Low Rates

Mon, 16 Jul 2012 06:27:46 +0100

On July 12, one of the leading UK lenders - HSBC bank - launched two new mortgage deals at a record low interest rate.Now, borrowers who have a 40% deposit, can...

17% Of Retired Brits Still Repay Mortgage Debt

Fri, 13 Jul 2012 06:03:52 +0100

In its Real Retirement report, Aviva, UK leading insurance company, revealed that 17% of Brits aged 55+ are still paying off mortgages.The average amount of money...

Chelsea Building Society Launches New Long-term Mortgage Deals

Thu, 05 Jul 2012 07:24:14 +0100

Recently, Chelsea Building Society said that it has faced a boom in the number of customers enquiring about long-term mortgages. In the opinion of Chelsea experts...

Metro Bank to Offer Mortgage Loans via Brokers

Mon, 02 Jul 2012 06:46:47 +0100

UK lender, Metro Bank, announced last week its plans to launch a pilot project to offer mortgage loans via brokers.At the moment, the bank has signed an agreement...

Leeds Building Society Cuts Interest Rates on Buy to Let Deals

Fri, 29 Jun 2012 07:47:52 +0100

Yesterday, Leeds Building Society announced the launch of two new fixed rate buy to let deals.In fact, those are not the brand new mortgage deals, but rather existing...

Halifax to Offer Refund of Valuation Costs to Borrowers

Wed, 27 Jun 2012 09:22:16 +0100

Yestrday, on June 26th Halifax was the first British bank to announce that it offers refund of valuation costs to borrowers if their property purchase falls through...

Downgrades by Moody’s Might Lead to Increase in Mortgage Rates

Mon, 25 Jun 2012 07:09:33 +0100

Last Thursday Moody's downgraded 15 leading banks worldwide. In the UK, scores were slashed for Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Group because...

Yorkshire Building Society Cuts Rates on First-time Buyers Mortgages

Mon, 11 Jun 2012 06:24:01 +0100

Last week, the Yorkshire Building Society announced a cut in first-time buyer mortgage interest rates by 0.25%.From June, 8th, Yorkshire Building Society offers...

Virgin Money Reduces Fixed Mortgage Rates by 0.2%

Thu, 31 May 2012 07:13:24 +0100

Yesterday, we have reported that Barclays slashed mortgage rates by 0.2% unlike other banks that tend to increase rates.Now, however, we are happy to announce that...

Barclays Slashes Interest Rates on 2-Year Mortgage

Wed, 30 May 2012 07:01:53 +0100

Yesterday, on May 29th Barclays announced a cut in its 2-year fixed mortgage, Great Escape.The loan, available for borrowers with a 30% deposit, is mainly aimed...

First-time Buyers Priced out of London Property Market – RBS Group

Mon, 28 May 2012 07:03:38 +0100

RBS Group, one of the leading mortgage lenders in the UK, recently warned that first-time buyers are being priced out of the property market in London.According...

It’s Cheaper to Rent UK Prime Property than to Buy It

Tue, 22 May 2012 05:03:28 +0100

PrimeLocation recently published its latest Prime Rental Index, which revealed that it is cheaper to rent prime property in UK than to buy it.Company's data showed...

Nationwide Cuts Mortgage Interest Rates by 0.1%

Fri, 18 May 2012 07:32:29 +0100

Today, on May 18th UK-based Nationwide Building Society announced a cut in mortgage rates on fixed deals for 3 and 5 years.Now, borrowers can take advantage of a...

Halifax Offers to Pay Stamp Duty for Borrowers

Tue, 15 May 2012 06:56:00 +0100

Halifax bank launched a new offer for first-time buyers and all other borrowers willing to finance the purchase of a home priced at 125,000-250,000 pounds.The bank...

UK Commercial Property Sector Sees Increased Activity in March

Mon, 16 Apr 2012 07:12:52 +0100

The latest research performed by Markit for Savill's, the results of which were published on Friday April 13th, suggests that activity on the UK commercial property...

HSBC Approves 4.9 Billion in Mortgages in Q1

Fri, 13 Apr 2012 07:00:53 +0100

According to the latest report by HSBC, the bank is on the way to achieve its target of lending 15 billion pounds in mortgages.Peter Dockar, head of mortgages at...

UK Mortgage Fees Rise by 27% in 3 Years

Thu, 12 Apr 2012 07:33:34 +0100

The latest report by Moneyfacts suggests that UK mortgage fees have increased by almost one third in the past 3 years.Mortgage rates have been steadily falling since...

New Buyers’ Inquiries Increase in March – RICS

Wed, 11 Apr 2012 07:13:03 +0100

According to the latest report by the Royal Institute of Chartered Surveyors, activity on the UK property market increased in March. As many as 9% more surveyors...

UK Building Societies Increase Mortgage Lending in February

Tue, 03 Apr 2012 07:07:11 +0100

According to the latest figures revealed by Building Societies Association (BSA), the number of mortgages given out by UK building societies increased significantly...

RBS and NatWest Change Interest-only Mortgage Lending Rules

Thu, 29 Mar 2012 06:59:26 +0100

Following the example of Santander, Halifax and Nationwide, Royal Bank of Scotland and Natwest said that they are changing interest-only mortgage rules.The banks...

UK Property Next to Top Schools Is Priced Higher

Mon, 26 Mar 2012 06:42:30 +0100

We have already reported that house prices near UK schools are higher than in areas more remoted from the most sought-after primaries.Recently, PrimeLocation performed...

The Co-operative Bank Launches New Mortgages for First-time Buyers

Thu, 22 Mar 2012 04:26:57 +0000

The Government is to end the Stamp Duty holiday for first-time buyers in 2 days, on March 24th. If you have no chance to complete the house purchase by that time...

It’s Still Cheaper to Buy than to Rent in UK

Thu, 15 Mar 2012 07:15:01 +0000

We have already reported that buying is cheaper than renting in many UK regions. Now, that house prices have grown, property website Zoopla performed another research...

Half of Brits Are Unaware of Their Mortgage Rate

Tue, 13 Mar 2012 07:08:10 +0000

The latest survey performed by website Unbiased revealed that over 50% of Brits do not know how much they are paying for their mortgage loans.As many as 49% of mortgage...

Mortgage Fraud Levels in UK Fall by 11% - CIFAS

Wed, 07 Mar 2012 03:32:37 +0000

CIFAS recently revealed that mortgage fraud in the UK fell 11% last year.Even though application fraud remained the most popular type of fraud among Brits, its level...

The Bank of Scotland Tops Financial Ombudsman Service’s List

Wed, 29 Feb 2012 04:12:54 +0000

The latest figures revealed by the Financial Ombudsman Service yesterday, on February 28th suggest that the Bank of Scotland tops the mortgage complaints list. In...

Platform Slashes Rates on Buy to Let Mortgages

Mon, 20 Feb 2012 07:01:51 +0000

The mortgage arm of the Co-operative Bank, Platform, announced a cut in buy to let mortgage interest rates on Friday, February, 17th.Now, the lender's 2-year fixed...

Skipton Building Society Reduced Rates on Buy to Let Mortgages

Fri, 17 Feb 2012 03:33:19 +0000

Yesterday, on February 16th Skipton Building Society announced a reduction in interest rates on its buy to let mortgages.Landlords with 30% deposit can get a 2-year...

Prices on Newly Built Properties Rise by 3.2% in 2011

Tue, 14 Feb 2012 06:58:33 +0000

The latest research by Smart New Homes revealed that the asking price for newly built properties in the UK has risen by 1.2% in December 2011. On a quarterly basis...

84,000 Buy to Let Mortgages Issued in 2011 – CML

Fri, 10 Feb 2012 06:51:20 +0000

The latest report by the Council of Mortgage Lenders (CML) suggests that the number of buy to let mortgages has increased by 84,000 in 2011.Of these, almost 35 000...

Discounts on UK property Prices Reach 7.5%

Thu, 09 Feb 2012 04:29:40 +0000

The latest research by Zoopla showed that average property discounts in the UK were record high.Sellers were ready to slash asking prices by almost 20,000 pounds...

UK Mortgage Lending Up by 12% in December 2011

Thu, 26 Jan 2012 06:33:32 +0000

According to the latest report by the British Bankers' Association, the amount of money given out in mortgages in December 2011 was 12% higher than at the same time...

Platform Expands Buy to Let Mortgage Range

Wed, 25 Jan 2012 06:54:11 +0000

UK lender expands its range of buy to let mortgages with new deals for landlords looking to buy prime properties.Yesterday, on Tuesday, January 24th The Platform...

UK Mortgage Affordability Marks 14-Year Record – Halifax

Wed, 18 Jan 2012 07:45:50 +0000

Earlier, we have already reported that mortgage payments in the UK have become most affordable as the Bank of Scotland revealed its latest statistics.The data by...

Mortgage Availability to Remain Restricted in 2012 – BoE

Mon, 09 Jan 2012 06:07:30 +0000

According to the latest Credit Conditions Survey by the Bank of England, mortgage lending in the first quarter of 2012 will remain restricted.Many UK lenders have...

UK Commercial Property Values Fall in November 2011

Fri, 16 Dec 2011 05:25:30 +0000

On Wednesday, December 14th, Investment Property Databank Ltd published a report on its website, according to which the value of commercial property in Great Britain...

First-time Buyer Activity Increased in November

Mon, 12 Dec 2011 05:53:58 +0000

According to the latest Housing Market Activity Report by Connells Survey and Valuation, demand for UK property from first-time buyers has risen lately.In the opinion...

Mortgage Lending in Scotland Lags Behind UK Average

Fri, 25 Nov 2011 02:45:50 +0000

According to the latest figures revealed by the Council of Mortgage Lenders (CML) on November, 24th, mortgage lending increased by 8% in the third quarter of 2011...

UK Government Announces 400M “Get Britain Building Fund”

Tue, 22 Nov 2011 03:52:11 +0000

According to the latest BBC report, UK government has launched a 400 million pounds fund to help UK first-time buyers and property developers.The "Get Britain Building...

Landlords Positive about the Buy to Let Sector

Tue, 15 Nov 2011 05:55:46 +0000

Latest survey suggests British landlords are positive about the buy to let sector and its prospects.CHL Mortgages, a specialist buy to let lender, recently published...

Best-buy Mortgage Deal Launched by Leeds Building Society

Mon, 07 Nov 2011 06:27:47 +0000

Leeds building society launches a best buy fixed-rate mortgage.The Leeds building Society recently announced the launch of a unique mortgage product. The home loan...

Santander Publishes Mortgage Lending Report

Fri, 28 Oct 2011 07:11:51 +0100

This year, Spanish-based Santander carried out 16.8 billion pounds in gross mortgage lending.One of the leading UK mortgage lenders, Spanish bank Santander,...

Brits Need Long-term Mortgages – Grant Shapps

Fri, 21 Oct 2011 07:07:35 +0100

In his coming speech in London, Minister Shapps is expected to urge UK lenders to offer long-term mortgages for British borrowers.According to the latest...

The Number of UK Mortgage Deals Hits 41-Month High

Mon, 10 Oct 2011 06:28:20 +0100

British banks currently offer more than 14,300 mortgage deals suggests a report by Mortgage Brain.The overview of the British mortgage market, carried out by...

More Mortgages Available from UK Lenders

Tue, 27 Sep 2011 06:52:51 +0100

According to a research recently carried out by Moneyfacts, the number of mortgages offered by UK banks, rose significantly in 2011.UK comparison website...

Over 35,000 mortgages approved in August

Mon, 26 Sep 2011 06:53:13 +0100

UK banks approved over 35,000 mortgage applications in August, the highest number in the past 15 months.The number of mortgages approved in Great Britain in...

UK Mortgage Lending Up by 6% in August

Wed, 21 Sep 2011 06:48:23 +0100

UK mortgage lending recovered from the 6% slump in July as it improved by 6%, said the Council of Mortgage Lending in its Gross mortgage lending report.The...

Compare UK Mortgage by Google No Longer Available

Tue, 20 Sep 2011 06:41:45 +0100

Something strange happened to a mortgage comparison website launched by Google, say Mortgage Strategy analytics.The UK mortgage comparison website launched...

UK Banks Launch Lots of New Mortgage Products

Tue, 06 Sep 2011 13:52:08 +0100

The market analysis, performed by Mortgage Brain in the UK, the number of mortgage products available from lenders reached its 3-year high in 2011.The number of...

No Deposit Mortgage Makes it’s Return

Tue, 06 Sep 2011 07:00:00 +0100

In a surprise move which is sure to generate some waves in the lending market, a relative newcomer to the mortgage lending community has announced a 0% deposit...

UK Mortgages Now Available at 3.69% - Nationwide

Fri, 02 Sep 2011 09:55:24 +0100

UK potential home owners are urged to take advantage of the new offer by Nationwide: the lender has slashed rates on its 5-year fixed mortgages to 3.69!According...

Mortgage Lenders Remain Cautious

Tue, 23 Aug 2011 07:00:00 +0100

Any hope that relaxed lending could come to the rescue of the UK s beleaguered property market was dashed yet again recently, with the news that total mortgage...

Low Base Rate Fuels Falling Mortgage Costs

Fri, 12 Aug 2011 07:00:00 +0100

Fixed mortgage rates have fallen to their lowest rate in over 20 years, according to new research from Moneyfacts.co.uk. The personal finance information and...

UK Mortgage Rates Hit 23-Year Low

Tue, 28 Jun 2011 06:17:52 +0100

According to a report released by website Moneyfacts on June 27th, 2011, mortgage interest rates in UK reached their 23-year low. Both, fixed and tracker...

UK First-time Buyer Mortgages to Become More Accessible

Mon, 27 Jun 2011 06:37:04 +0100

It has recently been announced that UK first-time buyers will find it easier to get a mortgage loan as the Government launches a new support scheme,...

UK Mortgage Lending Up by 12% in May

Tue, 21 Jun 2011 05:54:23 +0100

The latest report published by the Council of Mortgage Lenders on Monday, June 20th suggests that gross mortgage lending increased in the UK by 12% in May...

Tougher Mortgage Regulation is Supported by First Time Buyers

Thu, 26 May 2011 07:00:00 +0100

Research from homelessness charity Shelter suggests that despite the negative impact that it could have on them trying to buy a house, 75% of first...

Mortgage Lending Slips Further

Mon, 23 May 2011 07:00:00 +0100

Prospects for a house price recovery were further dampened with announcement of another decline in mortgage lending levels for April 2011. The figures, from...

Remortgaging Increased in First Quarter

Thu, 19 May 2011 07:00:00 +0100

Figures released on Saturday by the Council of Mortgage Lenders show increased remortgaging activity in the 1st quarter of 2011. Remortgaging had increased 14%...

Nationwide Announces 95% Mortgage

Thu, 05 May 2011 07:00:00 +0100

In a move seen as beneficial for those looking for first time buyer mortgages, Nationwide Building Society has announced the launch of a new savings account...

UK Mortgages Fall by 10% in March 2011

Thu, 28 Apr 2011 08:13:12 +0100

The latest report by the British Bankers Association suggests that UK gross mortgage lending fell by more than 10% from March 2010 and reached 7.7 billion...

UK Mortgage Lending Weakens in March 2011

Mon, 25 Apr 2011 08:00:19 +0100

A recent report by the Bank of England revealed that mortgage lending in UK fell in March. The bank expects demand to further decline in the second quarter of...

Mortgage Arrangement Fees Are Too High – Uswitch

Mon, 18 Apr 2011 08:10:19 +0100

A recent research carried out by Uswitch - online comparison source - revealed that many Brits are paying too much in arrangement fees.Results of the research...

Mortgage Lending Increases

Mon, 11 Apr 2011 07:27:32 +0100

New figures from the Council of Mortgage Lenders have shown a slight increase in mortgage lending occurred in February. The announcement comes as good news for...

Brits Repay Mortgages at a Record Rate

Wed, 06 Apr 2011 09:28:25 +0100

The latest report by the Bank of England suggests that last year UK borrowers repaid the largest amount of money in mortgages in the past 40 years.The sum of ...

UK Mortgage Approvals Rise in February 2011 – BoE

Fri, 01 Apr 2011 08:33:45 +0100

Official data revealed by the Bank of England on March, 29th suggests that the number of mortgage approvals exceeded the expectations of analysts.As such,...

Firstbuy Direct Scheme Criticised by UK Property Experts

Fri, 25 Mar 2011 08:46:25 +0000

The British Parliament criticised the Firstbuy Direct schemed introduced in the Budget.UK economists and MPs are determined that this scheme, aimed to help...

FSA Concerned Over Growing Number of High LTV Mortgages

Fri, 18 Mar 2011 07:29:46 +0000

A recent report on UK financial system prospects, published by the Financial Services Authority (FSA) on March, 17th 2011, suggests that Great Britain might...

England Might Face Housing Crisis in 2025

Tue, 15 Mar 2011 09:35:46 +0000

The latest research by the Institute for Public Policy Research revealed that the country might face another housing crisis by 2025.Experts at the IPPR expect...

Mortgage Lending Fell 26% in January

Sun, 13 Mar 2011 07:00:00 +0000

A drop in the level of mortgage approvals in January has been reported by the Council of Mortgage Lenders, casting further negative light on the future of the...

Google Might Launch Mortgage Comparison Service

Thu, 10 Mar 2011 07:19:30 +0000

Only a few days ago it was revealed that Google, giant search engine, acquired UK-based mortgage comparison website BeatThatQuote, a price comparison...

Mortgage Deals from Big UK Lenders Tend to Be Expensive

Thu, 24 Feb 2011 08:08:06 +0000

A recent research carried out by UK-based online comparison source Moneyfacts showed that the most attractive are not always available from big...

CML Reports a Decrease in Home Repossessions

Fri, 11 Feb 2011 07:45:45 +0000

According to a report published by the Council of Mortgage Lenders on its official website on February, 10th, the number of repossessions fell by 24% in...

Santander Accounts for 20% of UK Mortgages

Mon, 07 Feb 2011 08:46:30 +0000

Santander, a Spanish bank, recently revealed its profits. They grew by 11% in 2010 compared to 2009 despite the fact that its gross lending fell. One of the...

1,600 Mortgage Deals Launched in January

Mon, 07 Feb 2011 08:08:15 +0000

According to the statistics available from online mortgage system, Mortgage Brain, the number of residential mortgage deals currently stands at almost...

Increase in Number of Mortgage Deals Available

Mon, 07 Feb 2011 02:32:37 +0000

New figures released by Moneyfacts.co.uk indicate a major rise in the number of mortgage products available on the market in the last two years. Although the...

Paragon Expects UK Buy to Let Mortgage Market to Improve

Mon, 10 Jan 2011 07:15:39 +0000

In the opinion of Mr. Terrington, chief executive of Paragon, access to buy to let financing will improve in 2011. According to estimates of Paragon, the...

Sustainable Commercial Properties Are Beneficial – Knight Frank

Wed, 01 Dec 2010 09:17:36 +0000

A recent report by Knight Frank suggests that British investors will soon pay more attention to sustainability of commercial property rather than to quick ROI...

Buy to Let Landlords Benefit from Limited Mortgage Availability

Wed, 24 Nov 2010 05:50:12 +0000

A recent research carried out by Rightmove, a property website, suggests that UK buy to let landlords are the ones who benefit from scarce mortgage...

Mortgage Availability Damages UK Property Market – Persimmon

Tue, 16 Nov 2010 06:02:20 +0000

Persimmon, one of UK-based housebuilding groups, published a report yesterday on November 15th, in which it blamed the mortgage market for the low level of...

New Lender to Enter UK Residential Mortgage Market

Wed, 27 Oct 2010 09:30:01 +0100

On Tuesday, October 26th, Precise Mortgages, a UK-based mortgage lender that aims to help mortgage market recover, announced it received an approval from the...

UK Buy to Let Properties Highly Demanded in Q3

Thu, 21 Oct 2010 07:03:54 +0100

According to a comparison portal Which4U, Paragon Group has published a new Private Rented Sector Trends report for the 3rd quarter of 2010.The figures...

UK First-time Buyer Mortgage Deposits Are Impossible

Thu, 14 Oct 2010 07:32:19 +0100

The new "Financial Barriers to Home Ownership" report published by Genworth UK - worldwide provider of lifestyle protection, mortgage protection insurance,...

Barclays Slashes Mortgage Interest Rates

Fri, 08 Oct 2010 07:46:33 +0100

Woolwich, the mortgage arm of Barclays, a leading UK bank, has increased its mortgage lending by 42% in 3 years, which compares to an industry average of...

Many Brits Rely on Equity Release, not Pension

Fri, 01 Oct 2010 08:33:24 +0100

A recent research by LV=, UK retirement specialist, showed that the vast majority of Brits still believes that property is the best way to save for pension. As...

Barclays Plans to Get Back on Commercial Mortgages Market

Tue, 28 Sep 2010 08:19:19 +0100

Barclays, the 4th largest lender in Great Britain, announced it plans to get back onto the commercial property market. Let us remind that the bank managed to...

Nationwide Abolishes Remortgage Fees

Mon, 27 Sep 2010 07:42:42 +0100

On Friday, September 24th, a range of new remortgage deals have been introduced by Nationwide in an attempt to support the customers.The new 2-, 3-, and 5-year...

CML Reports a Dramatic Fall In Mortgage Lending

Thu, 23 Sep 2010 07:51:38 +0100

The latest figures published by the Council of Mortgage Lenders (CML) on Monday, September 20th suggest that the number of mortgages given out by British banks...

Mortgage Rate Cuts Introduced by Halifax

Wed, 08 Sep 2010 09:05:13 +0100

One of the leading British mortgage lenders, Halifax of Lloyds Banking Group, announced a 0.5% cut on all its mortgage products.Those UK borrowers who apply...

CML Reports a Rise in Buy to Let Lending

Thu, 19 Aug 2010 07:43:08 +0100

The latest figures released by the Council of Mortgage Lenders (CML) suggest that buy to let mortgage lending has hit its highest level in the second quarter...

Northern Rock Reduces Mortgage Fees and Rates

Tue, 03 Aug 2010 07:30:00 +0100

Last week the UK-based lender Northern Rock announced that it has improved its terms on buy to let and residential mortgage offers.As such, the interest rates...

First-time Buyer Mortgages Less Demanded

Thu, 17 Jun 2010 08:42:53 +0100

The latest figures released by the Council of Mortgage Lenders show that first-time buyers accounted for the smallest proportion of UK borrowers since 2007.As...

Ambitious mortgage offer from Barclays

Mon, 14 Jun 2010 08:15:06 +0100

Barclays came up with a new 90% loan-to-value (LVT) mortgage offer available through Woolwich, Barclays’ mortgage arm, and is intended only for Bovis...

UK Home Equity Rises by £2bn

Fri, 11 Jun 2010 08:37:00 +0100

A recent research performed by Key Retirement Solutions –UK equity release company – showed that the value of property owned by British pensioners...

UK First-time Buyers Are Single

Wed, 09 Jun 2010 12:20:21 +0100

A recent research carried out by Santander Mortgages - one of the leading UK mortgage lenders for first-time buyers - showed that the majority of its customers...

Buy to Let Market Might Collapse

Mon, 07 Jun 2010 09:00:48 +0100

The past months have been characterised by a rapid recovery of the British buy to let market and growth of buyers' confidence. The overall number of new buy...

UK Mortgage Approvals Rise

Thu, 03 Jun 2010 13:21:41 +0100

Mortgage lending in the United Kingdom has been steadily growing in the past months, however, its level remains low compared to the 6 months' average....

UK Borrowers Prompted to Remortgage Now

Mon, 26 Apr 2010 08:00:18 +0100

Survey carried out by Equifax, one of the leading UK credit reference agencies, showed that almost 1.5 million of British homeowners, whose fixed mortgage is...

Retired Parents Give a Helping Hand

Thu, 22 Apr 2010 15:21:27 +0100

According to specialist IFA Key Retirement Solutions, people are increasingly using equity release to support their families.Due to the current economic...

Stamp duty holidays to attract first time buyers

Mon, 12 Apr 2010 12:08:31 +0100

This spring may become one of the busiest from over the last few years. The newly introduced two-year stamp duty tax holidays should attract more first-time...

US Commercial Mortgage Market Shows No Signs of Recovery

Sun, 04 Apr 2010 09:05:10 +0100

About 50% of American commercial mortgage lenders might be underwater by the end of 2010. There have been no positive changes in the sector during the first...

The Mortgage Works Offers New Buy-to-Let Mortgage Products

Sat, 03 Apr 2010 12:10:39 +0100

The Mortgage Works (TMW) is now offering some new buy-to-let and light refurbishment mortgage programmes. It has also lowered the rates on several existing...

CML views on mortgages data published by Bank of England

Wed, 31 Mar 2010 18:02:03 +0100

The Council of Mortgage Lenders (CML) comments on today’s Bank of England mortgage data that interest rates on new mortgages kept declining, whereas the...

Coventry Building Society merging with Stroud & Swindon Building Society

Wed, 24 Mar 2010 23:31:50 +0000

It was announced yesterday, that Coventry Building Society has finalised and agreed merger terms with Stroud & Swindon Building Society. Coventry Building...

Remortgage Activity Is on the Rise, According to John Charcol Index

Mon, 15 Mar 2010 10:25:26 +0000

The latest John Charcol Index shows that remortgages accounted for more than 50% of mortgages in the first two months of 2010. The figures suggest a revival in...

Stonehaven, Equity Release Provider Suspends New Lending

Mon, 15 Mar 2010 06:32:57 +0000

Stonehaven, Equity Release Provider has posted a message on its website saying that all new lending has been temporarily suspended. The company has been...

Commercial Mortgages Are Among the Loans with the Lowest Delinquency Rate

Sun, 14 Mar 2010 19:06:54 +0000

The Mortgage Bankers Association has announced their findings on delinquency rate on loans in the United States. Amazingly enough, commercial mortgages...

Figures from FSA Reveal High Default Rate for Buy-to-Let Mortgages

Sun, 14 Mar 2010 18:40:34 +0000

The Financial Services Authority (FSA) has published the data on the level of arrears on high LTV buy-to-let mortgages. Figures from 10 major lenders have been...

Coventry and Stroud and Swindon are on the Threshold of a Merger Deal

Thu, 11 Mar 2010 16:16:43 +0000

Coventry which is considered to be the third largest building society in the United Kingdom has revealed its plans to merge with a smaller competitor Stroud...

US Residential Mortgage Applications Fall by 2.1%

Fri, 19 Feb 2010 11:21:27 +0000

MBA survey showed a 2.1% fall in the number of residential mortgage applications filed in the 3rd week of February.

UK Mortgage Borrowers Are Better Off in 2009

Wed, 03 Feb 2010 12:02:02 +0000

According to the information revealed in the Quarterly Bulletin published by the Bank of England, UK mortgage borrowers are better off in 2009 than last year.

UK Remortgage Market Declined by 50% Last Year

Sat, 16 Jan 2010 10:36:18 +0000

Estimations of UK property market experts suggest that the sector of remortgages fell almost by half in 2009.

Yorkshire Building Society Announces New Mortgage Deals for First-time Buyers

Fri, 15 Jan 2010 10:35:00 +0000

UK first-time buyers are recommended to benefit from new low-cost mortgages offered by the Yorkshire Building Society.

Equity Release Providers to Enter the Sale and Rent Back Market

Thu, 14 Jan 2010 10:34:17 +0000

Experts believe that equity release providers will soon turn to the SRB market.

Leading Commercial Property Lenders Are Optimistic about the Industry’s Prospects

Wed, 13 Jan 2010 10:32:50 +0000

New commercial mortgages are being originated despite the fact that lenders remain cautious.

The Mortgage Works Launches Totally New Buy to Let Deals

Tue, 12 Jan 2010 10:32:00 +0000

UK buy to let landlords are encouraged to benefit from absolutely new mortgage deals launched by the Mortgage Works.