Homeowners who live in listed buildings can expect to face higher barriers to securing a mortgage, one leading IFA has said. Lansdown Place warned that unconventional properties are always seen as high-risk areas for mortgage lenders as they can be harder to resell should the borrower default on their payments. Such properties include listed buildings… Read more

The number of new mortgages approved in the UK for home buying has fallen again in November 2007, according to the Bank of England. The credit crunch and rising house prices have continued to have an effect on homebuyers who are shying away from new homes, while mortgage lenders are also drying up and tightening… Read more

HSBC provided the cheapest mortgages in 2007, according to a new report from Defaqto. The annual survey, which compares the prices of mortgages and home loans from banks and building societies in the UK, found that HSBC had the lowest mortgage interest costs on a £50,000 loan for existing borrowers at the standard variable rate,… Read more

Property seekers looking to take advantage of the Bank of England base rate cut to find cheaper mortgages are looking at several property hotspots in the UK, according to reports. The Halifax study has identified ten towns in which house prices are set to rise over the coming months, including Hackney in London and Newport… Read more

Mortgage lending in the UK has fallen to £30.7 billion in November, suffering their first year-on-year fall since 2005, according to reports. The credit crunch is still having an affect on the mortgage industry, with the latest figures from the Council of Mortgage Lenders (CML) confirming that lending fell some eight per cent on the… Read more

First-time buyers are facing a tough new year as prices for those looking to get onto the housing market have risen by three per cent over the last month, according to MoneyExtra.com. The firm claims that, with four out of five first-time buyers looking to purchase a property on their own rather than with a… Read more

People desperate to get on the housing ladder are being warned not to enter into a joint mortgage agreement without considering all aspects of the deal. With the credit crunch and current economic factors making it increasingly difficult for first-time buyers to get on the market, many are considering entering into a deal with friends… Read more

Homebuyers looking to get on the housing ladder and take out a mortgage in 2008 will have a “challenging year”, according to experts. Louise Cuming of Moneysupermarket.com explained that, although interest rates have been cut slightly at the end of the year, the availability of funding and lending between banks and lenders will have an… Read more

Mortgages are at the most expensive for 16 years as lenders warn the future for borrowers will only get worse. Latest figures from the Council of Mortgage Lenders (CML) have revealed that the affordability issues currently hitting the UK is filtering through to the mortgage market, with higher interest rates and rising house prices pushing… Read more