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
December 1, 2009
Research carried out by Liverpool Victoria (LV) has found that more than one million Britons over the age of 50 are planning to cash in on the rising value of their property to help fund retirement.
However, the ...
Over 50s planning to use their home to fund pension
Permalink: Over 50s planning to use their home to fund pension
by Kay Murchie
November 30, 2009
The Bank of England has today revealed that the number of mortgages approved for house purchases rose for the eleventh consecutive month in October.
Mortgage approvals for house purchases grew to 57,345 in October, a marginal rise from the ...
BoE: Mortgage approvals see slight rise in October
Permalink: BoE: Mortgage approvals see slight rise in October
by Kay Murchie
November 25, 2009
According to research carried out by Moneyfacts.co.uk, the average two-year fixed rate mortgage has dropped to the cheapest level since June.
The financial comparison website said the cost of the average fixed rate mortgage surged in the summer, reaching a ...
Two-year fixed rate mortgages drop below 5% mark
Permalink: Two-year fixed rate mortgages drop below 5% mark
by Kay Murchie
November 24, 2009
The British Bankers' Association (BBA) has today revealed a small rise in the number of new mortgages approved by the major banks in October.
According to the BBA, approvals increased by just 165 during the month from 42,073 in ...
BBA reports slight rise in October mortgage approvals
Permalink: BBA reports slight rise in October mortgage approvals
by Kay Murchie
November 19, 2009
The Council of Mortgage Lenders (CML) today revealed a slight rise in mortgage lending for the month of October.
According to the CML, mortgage lending grew by 5% during the month compared with September but was down 27% compared with October ...
CML reports 5% rise in mortgage lending
Permalink: CML reports 5% rise in mortgage lending
by Kay Murchie
November 12, 2009
The Council of Mortgage Lenders (CML) has today revealed that there were 11,700 properties repossessed during the third quarter of the year - a rise of just 3% on the 11,400 homes repossessed in the second quarter of the year.
The figures have led ...
CML slashes repossession forecast
Permalink: CML slashes repossession forecast
by Kay Murchie
November 11, 2009
The Council of Mortgage Lenders (CML) has today reported that 51,000 mortgages were agreed for house purchase in September - a rise of just 1,000 compared with August’s figure.
According to the Council, first-time buyers are still struggling to secure ...
Mortgage lending still below ‘normal’ levels says CML
Permalink: Mortgage lending still below ‘normal’ levels says CML
by Kay Murchie