February 3, 2010
First-time buyers (FTBs) received a boost today after financial website, Moneyfacts, revealed mortgage availability is rising.
Since the onset of the credit crunch over two years ago, first-time buyers have been struggling to get a foot on ...
FTBs receive a boost as hundreds of new mortgage products launched
Permalink: FTBs receive a boost as hundreds of new mortgage products launched
by Kay Murchie
February 1, 2010
The Bank of England has today revealed that the number of mortgages approved for house purchases fell in December compared with the previous month.
The fall, which was the first in over a year, came as a surprise to many analysts as ...
BoE: Mortgage approvals dip in December
Permalink: BoE: Mortgage approvals dip in December
by Kay Murchie
January 26, 2010
Under new proposals by the Financial Services Authority (FSA), mortgage holders who are in arrears will be better protected.
The FSA said it wants lenders to guarantee they will use repossession a last resort and they will not be able to ...
FSA to protect mortgage holders in arrears
Permalink: FSA to protect mortgage holders in arrears
by Kay Murchie
BBA reports rise in December mortgage approvals
Permalink: BBA reports rise in December mortgage approvals
by Kay Murchie
January 21, 2010
The Council of Mortgage Lenders (CML) has today announced a rise in December mortgage lending - traditionally a quiet month for house purchase.
However, the CML attributed the rise to homeowners rushing to beat the stamp duty rise on 1 ...
CML: Mortgage lending sees surprise rise in December
Permalink: CML: Mortgage lending sees surprise rise in December
by Kay Murchie
January 20, 2010
According to mortgage broker, John Charcol, variable rate mortgage deals are proving to be extremely popular in the current low interest rate environment.
The Bank of England has held interest rates at the historically low level of 0.5% since ...
Variable rate mortgages popular in low interest rate environment
Permalink: Variable rate mortgages popular in low interest rate environment
by Kay Murchie
January 18, 2010
Figures from moneysupermarket.com have revealed a rise in the number of mortgage products available but numbers are still way off the levels seen prior to the credit crunch in August 2007.
According to the price comparison website, last week ...
Mortgage products increase but way off pre-credit crunch levels
Permalink: Mortgage products increase but way off pre-credit crunch levels
by Kay Murchie
January 14, 2010
The Council of Mortgage Lenders (CML) has today revealed that the number of home loans approved for house purchase fell 4% in November compared with the previous month.
According to the CML, there were 53,000 mortgages granted to buyers, a fall ...
CML: Mortgage lending down 4% on month
Permalink: CML: Mortgage lending down 4% on month
by Kay Murchie
January 11, 2010
A report from the homeless charity, Shelter, has revealed that in the last year, up to 1 million families have paid their mortgage or rent on their credit card.
An exclusive YouGov survey for the charity's ROOF magazine reveals the ...
1m households using plastic to pay mortgage/rent
Permalink: 1m households using plastic to pay mortgage/rent
by Kay Murchie
January 8, 2010
Alliance & Leicester (A&L) has been named the most consistently competitive mortgage lender during the final quarter of 2009, according to research by mortgage search software firm, Evaluate Technologies.
A&L replaced HSBC as the UK’s most consistently competitive mortgage lender during the ...
A&L named most competitive mortgage lender
Permalink: A&L named most competitive mortgage lender
by Kay Murchie
Lenders increase SVRs despite rate freeze
Permalink: Lenders increase SVRs despite rate freeze
by Kay Murchie
January 4, 2010
The Bank of England has today revealed that the number of mortgages approved for house purchases rose for the twelfth consecutive month in November.
Mortgage approvals for house purchases grew to 60,518 in November, up from the 57,718 in October and ...
BoE: Mortgage approvals continue to rise
Permalink: BoE: Mortgage approvals continue to rise
by Kay Murchie
January 3, 2010
First-time buyers (FTBs) may be interested to learn that in 39% of local authority districts, property is now affordable to them.
According to this year's Halifax First-Time Buyer Annual Review, someone on average earnings could now afford the ...
Four in 10 UK areas see improved affordability for FTBs
Permalink: Four in 10 UK areas see improved affordability for FTBs
by Kay Murchie
December 29, 2009
The closure of a legal loophole means that lenders will not be able to repossess a home unless they are in possession of a court order.
Following a period of consultation, the Government plans to close the loophole that previously allowed ...
Loophole closure means thousands saved from repossession
Permalink: Loophole closure means thousands saved from repossession
by Kay Murchie
December 23, 2009
The British Bankers’ Association (BBA) has today revealed a rise in the number of new mortgages approved by the major banks in November.
According to the BBA, mortgage approvals for the month stood at 44,713, up 2,161 compared with October - ...
BBA: Mortgage approvals up in November
Permalink: BBA: Mortgage approvals up in November
by Kay Murchie
December 18, 2009
The Council of Mortgage Lenders (CML) has today announced a fall in mortgage lending for the month of November.
According to the CML, UK mortgage lending fell by 10% in November compared with October and was the lowest level since May. ...
CML: Mortgage lending plummets 10% on month
Permalink: CML: Mortgage lending plummets 10% on month
by Kay Murchie
December 17, 2009
Figures published by the National Association of Estate Agents (NAEA) have revealed that the proportion of first-time buyers purchasing property in November fell to its lowest level for a year.
According to the NAEA, 19% were first-time buyers in November - down ...
First-time buyers fall to one-year low
Permalink: First-time buyers fall to one-year low
by Kay Murchie
December 15, 2009
Figures published today by the Financial Services Authority (FSA) revealed that 13,987 homes were repossessed in the three months to the end of September.
The figure was a rise of 3% when compared with the previous quarter but was 6% lower than in ...
FSA reveals rise in repossessions
Permalink: FSA reveals rise in repossessions
by Kay Murchie
Charities report reveals lenders ‘too fast to repossess’
Permalink: Charities report reveals lenders ‘too fast to repossess’
by Kay Murchie
December 10, 2009
The housing market received a further boost today after the Council of Mortgage Lenders (CML) revealed that the number of home loans approved for house purchase rose 9% in October compared with the previous month.
Furthermore, it was an increase of ...
CML: Mortgage lending up 9% on month
Permalink: CML: Mortgage lending up 9% on month
by Kay Murchie