‘Mortgages’ News
Bank of England keeps base rate steady
Posted 2008-06-5
The Bank of England opted to freeze its base interest rate at five per cent yesterday. Economists had not been expecting a cut, despite the need to boost the economy and stop the restrictions on mortgage lending, due to the recent jump in inflation. ...
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Not having mortgage life insurance is a “risky strategy”
Posted 2008-06-5
An expert has warned that not taking out life insurance with a mortgage is a “risky strategy”. Plan Insure states that that due to the credit crunch fewer people are willing to part with the extra money it costs each month to have a life insurance plan in place. ...
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Expert: Always worth searching for a better mortgage deal
Posted 2008-06-4
It is always worth comparing mortgage deals to find a more competitive rate, according to one expert. Your Mortgage has stated that despite the tightening of the mortgage market in the past six months it is still worth hunting for a good deal. ...
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Borrowers ‘taking more mortgage holidays’
Posted 2008-06-3
Homeowners are increasingly hoping to take a mortgage holiday to relieve their financial pressures, it has emerged. The Times reports that a number of major lenders have noted a rise in borrowers taking such a break, which enables them to skip payments for up to a year. ...
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First-time buyers ‘unable to get on the property ladder’
Posted 2008-06-3
First-time buyers are being squeezed out of the housing market and are unable to afford homes in their local area, it has emerged. A report from Hometrack asserts that 28.3 per cent of would-be homeowners are unable to afford a property in their locality. ...
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250,000 homeowners ‘are in negative equity’
Posted 2008-06-2
A financial expert has estimated that 250,000 homeowners are in negative equity and predicts that the figure will reach more than a million by the end of next year. Citigroup adds that this would mean one in 12 homeowners with a mortgage would be affected. ...
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FSA: People need to take control of their finances
Posted 2008-06-1
A watchdog has warned borrowers they must stay in control of their mortgages and loans. The Financial Services Authority (FSA) is campaigning to help people stay on top of their mortgage payments and act to stabilise their finances before it is too late. ...
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Homeowners urged to hunt down mortgage deals
Posted 2008-05-29
Money website Fool.co.uk has advised homeowners to make overpayments on their mortgages to avoid not having access to good mortgage deals when their current loan ends. ...
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Mortgage approvals for April fall from 2007
Posted 2008-05-27
The number of mortgage approvals in the UK remains low, according to recent research. A report by the British Bankers Association (BBA) has highlighted that the uncertainty regarding property values and few available attractive loans has reduced the demand for property ? ...
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Mortgage products ‘not available for long’
Posted 2008-05-27
Home buyers have an average of 11 days to decide whether a mortgage is right for them before it is taken off the market, it has emerged. Research by Moneyfacts.co.u...