March 15, 2010
The UK’s biggest mortgage lender, Lloyds Banking Group, is encouraging homeowners to pay off their mortgages early.
Borrowers are being invited to overpay their mortgages by up to 20%.
Currently, Lloyds’ annual limit is a 10% overpayment per year but in the current ...
Lloyds encourages mortgage overpayments
Permalink: Lloyds encourages mortgage overpayments
by Kay Murchie
March 12, 2010
The Council of Mortgage Lenders (CML) has today revealed a fall in mortgage lending for the month of January.
According to the Council, there were just 32,000 loans approved for house buyers during the month – a fall of ...
Mortgage lending falls in January as buyers desert market
Permalink: Mortgage lending falls in January as buyers desert market
by Kay Murchie
March 9, 2010
According to property website, Rightmove, the proportion of people who plan to buy a home who are first-time buyers has fallen for the second quarter in a row to almost 26%.
Rightmove said the situation is worse in Scotland, where only one ...
First-time buyer numbers continue to dwindle
Permalink: First-time buyer numbers continue to dwindle
by Kay Murchie
March 8, 2010
According to financial information service, Moneyfacts, the number of mortgage products have increased over the past month.
The news will undoubtedly be welcomed by first-time buyers - many of whom have been locked out of the market as a result ...
Mortgage availability increases over the past month
Permalink: Mortgage availability increases over the past month
by Kay Murchie
March 4, 2010
According to the Council of Mortgage Lenders (CML), home ownership in the UK continues to fall - as a result of affordability pressures and a shortage of new homes.
During the 10-year period, 1999 and 2009, the number of new homes built ...
CML: Home ownership continues to fall
Permalink: CML: Home ownership continues to fall
by Kay Murchie
March 2, 2010
Persimmon, which is the UK's largest housebuilder by market value, has today reported a pre-tax profit of £77.8 million compared with a £780 million loss in 2008.
The latest result was fuelled by the reversal of £74.8 million of its previous provisions.
The ...
Persimmon reports £77.8m FY profit
Permalink: Persimmon reports £77.8m FY profit
by Kay Murchie
March 1, 2010
The Bank of England has today revealed a sharp fall in the number of new mortgages approved in January.
According to the Bank, mortgage approvals for the month stood at 48,198, down from 58,223 in December and slightly under ...
BoE reports sharp fall in January mortgage approvals
Permalink: BoE reports sharp fall in January mortgage approvals
by Kay Murchie
February 24, 2010
Spanish banking giant Santander, which is the UK’s second-largest mortgage lender behind Lloyds Banking Group, has today showed signs that lending criteria is loosening.
The bank has announced it will increase the maximum loan sizes for first-time buyers.
The limit for first-time buyers of ...
Santander enhances mortgage product range
Permalink: Santander enhances mortgage product range
by Kay Murchie
February 23, 2010
The British Bankers’ Association (BBA) has today revealed a sharp fall in the number of new mortgages approved by the major banks in January.
According to the BBA, mortgage approvals for the month stood at 35,000 - down from ...
BBA reports sharp fall in January mortgage approvals
Permalink: BBA reports sharp fall in January mortgage approvals
by Kay Murchie
February 18, 2010
The Council of Mortgage Lenders (CML) has today revealed a fall in January mortgage lending - primarily due to the end of the stamp duty holiday, which prompted a rush to buy homes in December.
In autumn 2008, the Government opted to ...
Mortgage lending dives to 10-year low
Permalink: Mortgage lending dives to 10-year low
by Kay Murchie
February 15, 2010
Housebuilder Taylor Wimpey is offering potential homebuyers to own their own home with a 5% deposit.
Since the onset of the credit crunch over two years ago, first-time buyers have been struggling to get a foot on the property ladder since ...
Taylor Wimpey offers incentives for potential homebuyers
Permalink: Taylor Wimpey offers incentives for potential homebuyers
by Kay Murchie
February 11, 2010
The Council of Mortgage Lenders (CML) today revealed that the number of people who had their homes repossessed in 2009 was the highest since 1995.
According to the Council, 46,000 homes were repossessed last year - an increase of 6,000 on the ...
Repossessions reach highest level since 1995
Permalink: Repossessions reach highest level since 1995
by Kay Murchie
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