Mortgages News

Claims that lenders are restricting mortgage access - Fri, 12 Dec 2014
There have been claims made by brokers that lenders are rejecting mortgage applications for trivial reasons on the run up to the end of the year because they have already met their yearly targets. By rejecting mortgages now, the demand for them will be higher ...read more

Stamp duty land tax reforms benefit those seeking to buy cheaper houses - Fri, 05 Dec 2014
The big news in the "housing market" recently is the shake-up George Osborne has brought about for tax on the sale of a property. "Stamp Duty Land Tax" (SDLT), a long vilified tax payout, has been changed in order to favour those buying smaller houses. Previo...read more

Ten year fixed rate mortgages at record low levels - Fri, 28 Nov 2014
More low, long term mortgage rates are available than ever, according to research by Moneyfacts, with decade long fixed rate mortgages on offer for below 3.5 per cent interest. On average, 10 year fixed rate mortgages are available for 4.33 per cent, with extr...read more

Interest rate hike pushed back and gross mortgage lending increases - Fri, 21 Nov 2014
Gross mortgage lending in the UK reached £19 billion in October, according to figures released by the Council of Mortgage Lenders (CML). This is 5 per cent higher than in September, and up by 8 per cent on October last year. This is the highest lending t...read more

Mortgages difficult to access for first time buyers without huge savings - Fri, 14 Nov 2014
The financial gap between the rich and the poor has been highlighted in a report regarding mortgages. First time buyers could be paying a record £2,800 per year extra as a result of only being able to put down a small deposit. People who can afford large...read more

Housing market could be set to steady - Fri, 07 Nov 2014
House building firm Bovis are predicting a rise in profits next year, despite claims that the mortgage market will be more subdued than previously thought. They expect they will build 30 per cent more homes during this year overall, putting them on the track f...read more

Worries as mortgage lending rate takes a dip - Mon, 27 Oct 2014
The housing market ran out of steam towards the end of the summer, as high street banks approved the lowest number of mortgages in over a year. The number of mortgages approved fell to 39,271 in September, which is the lowest number seen since July 2013, and i...read more

RBS boss calls for banks to support customers - Fri, 17 Oct 2014
The boss of the Royal Bank of Scotland (RBS), Ross McEwan, has spoken about the banking industry and the effect that an interest rate rise could have on customers. McEwan has said that a lot of bank customers are worried about the interest rate rise, which is ...read more

The housing market is bracing itself for the imminent interest rise - Fri, 10 Oct 2014
Housing market activity has dropped over the last year, according to reports. There was a decrease of 12 percent in market activity over the last 12 months to September, despite an increase in valuations. September was a good month for valuations, as they incr...read more

Mortgage survey highlights worries over possible interest rate rise - Fri, 03 Oct 2014
A fifth of mortgage holders in the UK would be unable to repay their mortgages, so says The Money Advice Service, if and when the expected interest rate rise occurs. The public advice body released the results of a survey inquiring into how people would cope i...read more

Rules on second charge mortgages to be tightened - Fri, 26 Sep 2014
The Financial Conduct Authority (FCA) is set to tighten the rules on acquiring a second charge loan, otherwise known as a second mortgage. This somewhat niche financial product is used to borrow money secured against the equity you own of a property. Unfortuna...read more

Mortgage worries for an independent Scotland - Fri, 12 Sep 2014
The UK's eyes are going to be fixed on Scotland next week as they vote on whether to break away from the rest of the UK and become independent or to stay put.. One thing to consider is how mortgages will be affected. A successful vote to break away could make ...read more

Fixed mortgage charges drop low - Fri, 05 Sep 2014
5 year fixed mortgage rates have dropped to their lowest level in months, finally dipping back below the 3% mark. The charges for 5 year fixed rate variables had slowly been climbing due to an expected rise in interest rates. However, this hasn't come about, a...read more

Free cats for Russians getting a new mortgage - Fri, 29 Aug 2014
A Russian lender has created a great publicity stunt to convince people to get a mortgage with them by offering a free cat when you buy a mortgage product. Everyone loves cats, the internet has enough videos to prove that, and so why not use them to advertise?...read more

Bank of America fined for mortgage mis selling - Fri, 22 Aug 2014
The Bank of America is in trouble with regards to mis-selling mortgages. Breaking records, the bank has agreed to pay out $16.65 billion (£9.9 billion) in order to settle charges set against them as a result of their mortgage selling antics. The issues s...read more

Repossession rates could rise in face of predicted interest rate rise - Fri, 15 Aug 2014
This year, the number of homes repossessed throughout the spring fell, according to figures by the Council of Mortgage Lenders (CML), but there are fears this will rise again in the face of rising interest rates. 5,400 homes were repossessed in the second quar...read more

Property sales apparently on the rise - Fri, 08 Aug 2014
Property sales hit a seven year high last month, according to the LSL House Price Index. Sales were up by 21% in July 2014 compare to the same time last year, and an increase in 10% from the June 2014, showing a sharp upward trend. This also makes it the highe...read more

New building society to help out families with mortgages - Fri, 01 Aug 2014
Building societies could be the ones picking up the slack when the second phase of the government's Help to Buy 2 Mortgage Guarantee scheme draws to an end in 2016. The Family Building Society based in Epsom has recently opened its doors for the first time. Th...read more

Think tank fears of rising interest rates - Fri, 25 Jul 2014
A report has warned of new housing market struggles that could be on the horizon. The Resolution Foundation aims to improve the living standards of the 15 million people in Britain on low and middle incomes, by doing research and bringing to light certain issu...read more

Mortgage lending dip in recovery - Wed, 23 Jul 2014
After the recent restrictions on mortgage lending, the rate at which applications were being passed dropped, but is now rising again. The British Banker's Association (BBA) approved 41,881 mortgages in May, but increased to 43,265 in June. This is still 13.5% ...read more

Mortgage brokers call for regulation of 35 year mortgages - Fri, 18 Jul 2014
There have been fears of lengthening mortgage terms, with brokers urging regulators to crack down on the lengthening deals. It used to be that a 20-25 year mortgage term was the maximum that you were likely to encounter, however, mortgage brokers are now worri...read more

People over 40 suffering with mortgage refusals - Fri, 11 Jul 2014
Recent alterations to the mortgage market were expected to impact young people the most, especially first time buyers and those who will struggle to get together a deposit or prove that they are earning enough to keep up with the rate of inflation. It is now t...read more

Figures Show the Curbs on Mortgage Lending - Fri, 04 Jul 2014
The Bank of England (BoE) have release figures indicating that the recent mortgage restrictions are now truly hindering the rate of mortgage approvals. So far this year May saw the lowest rate of mortgage approvals since June 2013. Approvals dropped from 62,80...read more

Bank of England Announces Lending Limits - Fri, 27 Jun 2014
In an attempt to prevent irresponsible lending, the Bank of England will impose limits on how much people can borrow. On Thursday, the Bank announced the limits that would apparently make Britain the biggest economy to ever impose these kinds of restrictions. ...read more

FPC Survey and Mortgage Predictions - Tue, 24 Jun 2014
Mortgage approvals are set to "fall significantly" in the coming quarter as banks aim to reduce the risks of lending, according to a survey by the Bank of England. The survey came just a few days before the Bank of England announces whether it will be clamping...read more

Mortgages are Becoming Unaffordable - Fri, 06 Jun 2014
New research suggests that people are vastly underestimating the amount of money that a mortgage will cost, and that the average household does not have enough disposable income to spend on mortgage payments. According to the financial service Experian, the av...read more

House Market Momentum Falling and New Mortgage Restrictions - Fri, 30 May 2014
Figures indicate that the housing market may be losing some momentum, as Britain's banks approved the lowest number of mortgages last month since August last year. Over the last year it has been reported that house prices have increased by ten per cent and som...read more

FPC Expected to Work to Reduce House Prices - Fri, 16 May 2014
Experts predict that intervention by the Bank of England's Financial Policy Committee (FPC) will help to slow down the rapid pace of house price growth in the UK. Reuters carried out a poll of 30 property analysts and they found that a significant amount feel ...read more

Ex Chancellors of the Exchequer Warn of Help to Buy Danger - Fri, 09 May 2014
Controversy has risen once again over the Help to Buy scheme, as past Chancellors have spoken out against Osborne's Help to Buy scheme. Alistair Darling, Lord Lamont and Lord Lawson, all of whom are Osborne's predecessors, have all spoken out, worried at the e...read more

New Lending Guidelines Come into Play - Fri, 25 Apr 2014
We reported at the beginning of March that mortgages would likely become a lot harder to be granted because of new lending guidelines that are to crack down on irresponsible lending by banks and other lenders. These measures are now coming into play, and peop...read more

New CML Figures on the Housing Crisis - Fri, 11 Apr 2014
The Council of Mortgage Lenders have released new figures indicating how hard it is for first time buyers to get on the property ladder, judging by the typical mortgage size of February. With the average salary coming in at £26,500, it is going to be dif...read more

New Pension Allowances Could Save Interest Only Borrowers - Fri, 04 Apr 2014
Experts believe that the April budget announcement will boost mortgage payments as people can now access their pension pots all in one go. Interest-only borrowers in particular may be able to use this new freedom to their advantage and pay off the capital in f...read more

Fixed Rate Mortgages get a Popularity Boost - Fri, 28 Mar 2014
Fixed rate mortgages are on the rise as an unprecedented number of house buyers opt for fixed rates over variable rates. 19 out of 20 borrowers chose a fixed mortgage rate in February, according to the Mortgage Advice Bureau, a new record that exceeded the pre...read more

Mortgage Market is Strengthening - Fri, 21 Mar 2014
The mortgage lending market has hit its highest point since 2008, having lent a reported £15.2bn in February, which was an increase of 43% from February 2013, so say the Council of Mortgage Lenders (CML). This is a strong figure for this time of year, as...read more

First Time Buyer Numbers are on the Rise - Fri, 14 Mar 2014
The number of first-time buyers is on the rise, with a 38% rise in the amount of first-time buyers over the last 12 months. However, this may lead to a housing bubble, experts fear. The increasing amount of mortgages acquired by first-time buyers has led to an...read more

New Lending Guidelines Could Stump the Housing Recovery - Fri, 07 Mar 2014
From April, new "affordability rules" are coming into play which could majorly boost the amount of mortgage rejections. New guidelines by the City regulator as a consequence of the Mortgage Market Review will see lenders looking into the incomings and outgoing...read more

UK mortgage approvals at highest since September 2007 - Tue, 25 Feb 2014
British banks approved more mortgages in January than any other month since September 2007. New data from the British Bankers' Association (BBA) said mortgages for home purchases reached 49,972 in January, nearly 3,000 more than December's total of 47,086, acc...read more

Households must prepare for interest rate rise - Tue, 18 Feb 2014
While many households have saved a fortune on their mortgage due to low interest rates in the last few years, things may be about to change. David Miles, a member of the central bank's Monetary Policy Committee (MPC), warned borrowers and lenders to prepare fo...read more

Lending for first time buyers up in December - Fri, 14 Feb 2014
The number of first-time buyers taking out loans continued to grow in December 2013, rising by 37 per cent compared with the same period of the previous year. According to new data from the Council of Mortgage Lenders (CML), the UK property market continued on...read more

Rates start to rise on 5 year fixed mortgages - Tue, 11 Feb 2014
Rates are beginning to accelerate from their record lows in preparation for a base rate rise. A number of the leading lenders - such as NatWest, Nationwide and Tesco Bank - have put up the rate on their five-year fixed deals recently or withdrawn the product c...read more

Young buyers feeling positive about property - Tue, 04 Feb 2014
Over a third of individuals aged between 18 and 34 are feeling more positive about the state of the UK property market, with many hoping to take the first step on to the ladder sooner rather than later. According to new research from the Post Office, younger p...read more

Skipton reduces its mortgage rates - Tue, 28 Jan 2014
Skipton Building Society is reducing the interest rates on its two and three-year fixed residential mortgages by up to 0.4 per cent. The two-year residential fixes are now available at 2.59, 2.89 and 3.29 per cent, having previously been 2.99, 3.28 and 3.58 pe...read more

Post Office announces new mortgages - Tue, 21 Jan 2014
The Post Office has announced a new range of mortgages, which are available with immediate effect. It has a range of 90 per cent loan-to-value (LTV) mortgages aimed at helping aspirant first-time buyers onto the property ladder and come with either a two or th...read more

Mortgage range announced for contract workers - Tue, 14 Jan 2014
A new range of mortgages has been launched that is aimed at the growing number of contract workers - a figure that has surged by approximately 230,000 since 2005. Contractors of any profession will be eligible to apply for the new products from specialist lend...read more

January range of mortgages launched - Tue, 07 Jan 2014
Mortgage Trust, the specialist buy-to-let lender, has launched a limited range of products. The limited quota products are only available in January and benefit from no early repayment charges (ERC). A two-year tracker is available at 3.85 per cent with a &pou...read more

Labour calls on government to build more homes - Mon, 06 Jan 2014
The shadow housing minister has criticised the government's lack of action in regard to building new homes. Emma Reynolds commented that the Help to Buy mortgage scheme was creating higher demand for new-build houses and that the government needed to act quick...read more

Help to Buy comes into effect in Wales - Fri, 03 Jan 2014
A £170 million Help to Buy scheme has been launched in Wales to help aspirant first-time buyers onto the property ladder. The scheme is very similar to the one launched in England and hopes to increase demand for new-build properties. One key difference ...read more

Rising interest rates biggest risk to housing market - Tue, 17 Dec 2013
Over a quarter of people have said that interest rates rising is their biggest concern for 2014. This figure (27 per cent) is higher than it was three months ago, which reflects concerns about the rising cost of living and an increase in energy bills, accordin...read more

Mortgage rates could rise after FLS change - Tue, 10 Dec 2013
Mortgage experts have warned that interest rates could surge now the Bank of England has refocused the Funding for Lending Scheme (FLS). Experts do not think that volume lending will suffer as a result of the change, but they have expressed concern that intere...read more

Virgin Money to cut buy to let rates - Tue, 03 Dec 2013
Virgin Money has reduced its buy-to-let mortgage rates as part of a new range of mortgages. It is launching a new buy-to-let mortgage range, with rates reduced by up to 0.9 per cent, and two-year fixed rates are available from 2.89 per cent. It is also going t...read more

1 in 5 Brits overpaying on their mortgage - Tue, 26 Nov 2013
One-fifth of Britons are overpaying every month on their mortgage repayments, according to Santander. This equates to 2.5 million people, who each overpay an average of £181 a month - meaning collectively they are paying £455 million a month on top...read more

Two thirds of first time buyers rely on financial support - Tue, 19 Nov 2013
Nearly two thirds of first-time buyers are having to depend on family members or loans to help them secure a mortgage, according to research by Clydesdale and Yorkshire Bank. Half of the 63 per cent are relying on their parents to help them obtain a deposit, w...read more

Charities warn BBC investigation over unaffordable housing - Tue, 12 Nov 2013
Over one in three people who rent or have mortgages spend around a third of their disposable income on paying them off, according to a new report. Two housing charities have told a BBC Panorama investigation - which airs tonight (November 12th) that, for many ...read more

Santander to reintroduce large mortgages - Tue, 05 Nov 2013
Santander has revealed that it is to offer a new range of products to cater for larger mortgages again. Customers will be able to apply for loans of up to £2.5 million, with interest rates starting from 2.34 per cent. The bank has said that mortgages wor...read more

FCA to review decision to increase tracker mortgage rates - Tue, 29 Oct 2013
The decision by two mortgage lenders to increase their interest rates on their tracker mortgages is to be looked at by the City watchdog. Both West Bromwich Building Society and Bank of Ireland announced that they would be hiking up the charges for the product...read more

Mortgage lending on the up - Tue, 22 Oct 2013
Mortgage lending is now the highest it has been in the last five years. The Council of Mortgage Lenders (CML) has published its quarterly figures - which show an increase of almost a third compared with the same period in 2012. Its figures for the third quarte...read more

Mortgage approvals hit five year high - Tue, 01 Oct 2013
Mortgage approvals in the UK last month hit their highest levels since the start of the global financial crisis, according to Bank of England figures. The institution stated lenders approved some 62,226 mortgages in August and this is up from 60,914 in July. H...read more

West Bromwich BTL tracker mortgages rise - Tue, 24 Sep 2013
Thousands of landlords across the UK have been hit by an increase in the base rate of one of West Bromwich Building Society's most popular products. Around 6,700 rental property owners who hold buy to let (BTL) mortgages will now face a two per cent rise in th...read more

Cable urges caution over Help to Buy - Thu, 12 Sep 2013
Business secretary Vince Cable has said the Help to Buy mortgage scheme should not be introduced in January. While the Liberal Democrat wants first-time buyers to have better access to the market, he now believes that the programme might cause a housing bubble...read more

Mortgages most expensive direct debit expenditure for Brits - Mon, 19 Aug 2013
Mortgages remain by far the most expensive use of direct debits in the UK, with just over £500 million a year spent on repayments through the automatic system. Figures from the Halifax bank show that direct debits are now the most popular method for settl...read more

JPMorgan faces probe over mortgages - Thu, 08 Aug 2013
The US Department of Justice has opened up a new legal probe into the sale of a number of JPMorgan's mortgage-backed securities. New investigations into the firm come as the Obama administration cracks down on supposed criminal activity in the American banking...read more

Renters dream of buying property - Tue, 06 Aug 2013
Some 96 per cent of those living in privately rented properties currently "dream of owning a home someday", according to new research released by Rightmove. Despite affordability problems, 70 per cent of Britons surveyed said they will never stop trying to mak...read more

Mortgage lending by mutuals strong in H1 - Thu, 01 Aug 2013
Some £18 billion was lent by building societies and other mutuals for mortgages in the first six months of 2013. Research by the Building Societies Association (BSA) revealed the positive results, which represent a 28 per cent year-on-year increase. The ...read more

Half of Britons do not understand offset mortgages - Thu, 25 Jul 2013
One in two UK homeowners don't understand the basics of offset mortgages. This is according to the latest Mortgage Mood report, which was published by the Legal and General Mortgage Club. A survey of 1,000 people shows that 52 per cent of respondents couldn't ...read more

Help to Buy to be extended to Wales - Thu, 18 Jul 2013
The Welsh government has announced it is planning a similar scheme to Help to Buy. So far in England, the programme has been a big success and has led to a boom in the construction industry, which had previously struggled at the hands of the recession. Welsh h...read more

Barratt hails Help to Buy - Thu, 11 Jul 2013
Barratt Developments has issued a trading update that shows sales of its homes were up 17.9 per cent in the second half of 2012. While a number of economic factors helped the housebuilder to improve its balance sheets, it said since the launch of Help to Buy i...read more

Demand for mortgages increases - Thu, 04 Jul 2013
UK mortgage demand rose in the second quarter of 2013. The Bank of England, which has recently changed its leadership structure, surveyed major banks across Britain and found more loan applications had been sent by householders in April, May and June than in t...read more

YBS reduces rates on long term mortgages - Thu, 27 Jun 2013
Yorkshire Building Society (YBS) has announced it will be making price reductions on a number of its long-term mortgage products. The ten-year mortgage at 75 per cent loan-to-value has been cut to a new low of 3.89 per cent and there will also be a new five-ye...read more

Poor maths skills linked to mortgage defaults - Tue, 25 Jun 2013
People with poor maths skills are more likely to get behind in meeting mortgage repayments - often to the point of repossession. Scientists from the University of Lausanne in Switzerland found that those who displayed a fundamental lack of skills when it came ...read more

Nearly all homeowners struggle with mortgage details - Thu, 20 Jun 2013
Even though mortgage rates are at a historic low, the vast majority of homeowners are struggling to identify the cost of deals. New research published by Which? has found that, of 1,001 people, only five (0.5 per cent) correctly ranked a list of five products ...read more

Average house prices rise - Tue, 18 Jun 2013
The average price of a house has risen above £250,000 for the first time. According to new figures released by Rightmove, the average asking price for a home in the UK currently sits 1.2 per cent higher in the last month at £252,798. However, this ...read more

Mortgage firm in recruitment push - Thu, 13 Jun 2013
Just Mortgages is to recruit 25 mortgage advisers this year. The independent high street mortgage broker, which has staff in Spicerhaart estate agency branches across the UK, aims to increase its workforce by around 25 per cent in 2013. This is in response to ...read more

Mortgage team in fundraising cycling trip - Tue, 11 Jun 2013
The managing director of the Legal and General Mortgage Club and some of his staff are set to cycle 1,800 miles to raise money for charity. Ben Thompson and nine other employees at the firm will begin the 17-day bike ride and aim to cycle 100 miles a day in th...read more

Analyst says Help to Buy scheme is moronic - Thu, 06 Jun 2013
An analyst at Societe Generale has called George Osbourne's new Help to Buy mortgage scheme "moronic". Albert Edwards also said the initiative was an "unusually misguided piece of government interference in the housing market". The new Help to Buy scheme will ...read more

Barclays lending increases significantly - Tue, 04 Jun 2013
Barclays' lending rates have increased significantly since the introduction of the Funding for Lending Scheme (FLS). Net lending by the bank, which includes loans and mortgages, has risen by £6.8 billion since the government introduced FLS to the market....read more

Nationwide offers Help to Buy mortgages - Thu, 30 May 2013
Nationwide Building Society has signed up to the coalition government's Help to Buy mortgage scheme. The programme offers equity loans of up to 20 per cent for buyers of new homes who in return must pay a deposit of at least five per cent on the property. One ...read more

First time buyers make up more than half of Q1 London mortgages - Wed, 29 May 2013
First-time-buyers (FTB) made up more than 50 per cent of all mortgages arranged in the first quarter of 2013 in the capital. Around 9,400 mortgages were taken out by FTBs - unchanged from the same point last year, according to the Council of Mortgage Lenders (...read more

Nationwide increases lending in Q1 2013 - Thu, 23 May 2013
The Nationwide building society has reported a 17 per cent rise in gross national and expat mortgage lending in the first quarter (Q1) of 2013. Experts believe government-funded programmes, including the Bank of England's Funding for Lending Scheme, have helpe...read more

Strong mortgage uptake forces house prices upwards - Tue, 21 May 2013
More and more people are successfully taking out a mortgage and this is forcing property prices upwards in certain parts of the UK. Rightmove has confirmed the average asking price for a house is now £249,841, surpassing the previous record set in June 2...read more

Buy to let mortgage sector continues to grow - Thu, 16 May 2013
The buy-to-let (BTL) mortgage sector has continued to grow in the first quarter of 2013. Between January and March more than 33,500 mortgages were taken out - an increase of £500 million from the first quarter of 2012. Lending in the BTL sector represent...read more

Average mortgage debt rises as consumer concern reduces - Tue, 14 May 2013
The average debt on a UK property has risen sharply since the beginning of the financial crisis, according to new figures. Office for National Statistics (ONS) figures released yesterday (May 13th) show that the median outstanding mortgage has increased from &...read more

MAS says mortgages remain biggest source of concern - Fri, 10 May 2013
The Money Advice Service (MAS) has said it received more requests for advice on the subject of mortgages than from any other product. MAS' new chief executive, Caroline Rookes, stated continuing changes to the mortgage market - including the prevalence of high...read more

HSBC releases lending figures - Wed, 08 May 2013
HSBC has released its quarterly lending figures, which show a moderate decrease from 2012 figures. More than £2.8 billion was lent to UK homeowners in the first quarter of 2013 according to the bank. HSBC said the UK residential market is a highly import...read more

Over a million mortgage owners face shortfalls - Thu, 02 May 2013
More than a million homeowners with interest-only mortgages are likely to reach the end of their loan period without repaying their debt. This is according to new report published by the Financial Conduct Authority (FCA), which found that although 2.6 million ...read more

Yorkshire Building Society unveils new fixed mortgage - Tue, 30 Apr 2013
Yorkshire Building Society has rolled out a competitive new ten-year fixed rate mortgage product for borrowers looking for a long-term investment. The offer - which was introduced on Friday (April 26th) - comes with a best buy rate of 3.99 per cent for mortgag...read more

Norwich and Peterborough Building Society reveals new mortgage - Thu, 25 Apr 2013
A competitive new fixed rate mortgage has been rolled out by the Norwich and Peterborough Building Society (N&P). As of today (April 24th), customers are able to take advantage of the low-fee three-year product, which comes with a best buy rate of 2.49 per cen...read more

Gross mortgage lending saw boost in March - Tue, 23 Apr 2013
Gross mortgage lending rose to £11.6 billion in March, according to new estimates from the Council of Mortgage Lenders (CML). Figures from the trade association have showed this is nine per cent higher than in February (£10.6 billion), but eight pe...read more

Co-operative Bank launches new mortgage deals - Thu, 18 Apr 2013
The Co-operative Bank has rolled out a range of competitive mortgage rates for both new and existing customers. As of Tuesday (April 16th), the financial institution boasts a host of fixed three-year and five-year deals, including a three-year fixed rate produ...read more

Homeowners urged to beware falling mortgage rates - Tue, 16 Apr 2013
Despite the fact mortgage rates are continuing to fall, homeowners need to remain on their guard, uSwitch.com has warned. According to the price comparison website, even though borrowers are likely to be relieved by the news rates are dropping, some deals will...read more

Millions would struggle to pay mortgage if jobless - Thu, 11 Apr 2013
Around one-third of homeowners would not be able to pay their mortgage for more than a month if they lost their job, according to new figures. Housing charity Shelter published the results of a YouGov survey that showed 35 per cent of respondents - 8.6 million...read more

Halifax announces new fixed mortgage deal - Tue, 09 Apr 2013
Halifax has rolled out a new mortgage deal that it hopes will strengthen its support for people trying to enter the UK housing market. The latest offer from the financial institution, which was launched on Friday (April 5th), is a five-year 60 per cent loan-to...read more

Tesco Bank announces mortgage rate reductions - Thu, 04 Apr 2013
Tesco Bank has launched a new line of competitive mortgage deals across its entire product range. As a result of several reductions, customers will be able to benefit from a two-year fixed rate mortgage at a maximum loan-to-value (LTV) of 80 per cent at 3.19 p...read more

One in five homeowners considering remortgaging - Tue, 02 Apr 2013
One in five homeowners are thinking about remortgaging at some point this year, new research has revealed. A study carried out by Lloyds TSB discovered 19 per cent of respondents say 2013 is a "good time" to consider the move and more than one-quarter (28 per ...read more

Yorkshire Building Society cuts mortgage rates - Thu, 28 Mar 2013
Yorkshire Building Society has announced it is slashing mortgage rates for first-time buyers with small deposits. From today (March 28th), the financial institution is helping people get onto the property ladder by reducing interest rates by up to 0.2 per cent...read more

Mortgage lending drops in February - Tue, 26 Mar 2013
More mortgages were repaid in February than they were taken out, according to data released by the British Bankers' Association (BBA). The body has announced the total number of mortgages granted during the month was six per cent lower than the same time a yea...read more

Lloyds Banking Group embraces Osborne mortgage scheme - Thu, 21 Mar 2013
Lloyds Banking Group has welcomed the Help to Buy mortgage guarantee scheme announced in George Osborne's Budget speech yesterday (March 20th). Mortgage director of the financial institution Stephen Noakes said the initiative is set to give the housing market ...read more

Banks put stop to foreign currency mortgages - Tue, 19 Mar 2013
A number of private banks have scrapped the foreign currency mortgages they once offered as borrowers have been significantly affected by a fall in the value of the pound. Loans in foreign currencies were offered by Royal Bank of Scotland, Lloyds International...read more

Barclays rolls new out first-time buyer mortgages - Thu, 14 Mar 2013
Barclays has launched two new mortgages aimed at first-time buyers looking to get onto the property ladder. The lender has introduced a three-year fixed-rate deal at 4.75 per cent and a five-year product that carries an interest rate of 4.95 per cent. Managing...read more

Less people giving up homes due to mortgage payments - Tue, 12 Mar 2013
The number of homeowners forced to give up their properties after struggling to keep up with mortgage payments dropped by more than half (54 per cent) between 2010 and 2012. According to new statistics released by housing investment and shared equity mortgage ...read more

Legal and General boosted mortgage market share in 2012 - Thu, 07 Mar 2013
Legal and General (L&G) claimed a 25 per cent share of the UK mortgage market last year, marking a 20 per cent rise from 2011. This is according to the group's preliminary results, which were published yesterday (March 6th) and showed the firm facilitated lend...read more