‘Mortgages’ News
Hunt around for best mortgage deal, expert advises
Posted 2008-05-21
Mortgage-buyers are being urged to hunt around for the best deals, as it could save them thousands of pounds. According to Moneyextra.com, the total annual saving made by opting for the best product on the market rather than the worst is up to £3,363. ...
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Fixed-rate mortgages prove popular
Posted 2008-05-20
Five-year, fixed-rate mortgages are increasing in popularity, it has emerged. Abbeys latest mortgage index shows that demand for fixed-rate deals has grown for the fifth consecutive month, with 30 per cent of buyers questioned saying they would opt for such a mortgage. ...
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Mortgage lending falls 8% in April
Posted 2008-05-20
Mortgage lending in April fell by eight per cent compared to the same month last year, according to new figures from the Council of Mortgage Lenders. The groups statistics show that lending also fell five per cent when compared to March, leaving the gross lending figure for the month at £25.3 billion. ...
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Mortgages ’still available for self-build homes’
Posted 2008-05-19
Mortgages are still available for self-build homes despite the effects of the credit crunch being felt elsewhere in the market, it has emerged. Jason Orme, editor of Homebuilding.co.u...
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Fixed-rate mortgages increase by £300
Posted 2008-05-15
The cost of monthly repayments on fixed-rate mortgage deals has increased by £300 over the last two years, new research has found. Personal finance website MoneyFacts has revealed that the average interest rate on a two-year product is around 6.64 per cent. ...
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Fixed-rate mortgages increase by £300
Posted 2008-05-15
The cost of monthly repayments on fixed-rate mortgage deals has increased by £300 over the last two years, new research has found. Personal finance website MoneyFacts has revealed that the average interest rate on a two-year product is around 6.64 per cent. ...
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Use of mortgage intermediaries increases
Posted 2008-05-14
The number of first-time buyers turning to mortgage intermediaries for advice has increased, according to the industry body. According to the Council of Mortgage Lenders (CML), in the first quarter of 2008, more than 82.5 per cent of first-timers used the services of an agent, an increase of ten per cent on the same period in 2007. ...
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Mortgage seekers told not to expect any perks
Posted 2008-05-14
Mortgage providers are unlikely to offer any perks or incentives in order to win business, an industry figure has claimed. According to Darren Cook, head of mortgages at Moneyfacts, lenders have rarely offered add-ons to their mortgage products and are less likely to do so in the current financial environment. ...
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Firstrung: Lack of affordable mortgages responsible for repossession numbers
Posted 2008-05-11
The number of people having their homes repossessed is due to the fact that there is a shortage of affordable mortgages on the market, an industry figure has claimed. Paul Holmes, operations director at Firstrung, has claimed that the recent figures released by the Ministry of Justice, showing that repossessions in the UK have increased, is due to the fact that mortgage lenders have removed many of their products from the market. ...
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Northern Rock reports increase in arrears
Posted 2008-05-11
Northern Rock has revealed that the number of mortgages three months in arrears at the end of April rose to 0.95 per cent. The nationalised lender cited the current economic turbulence coupled with a diminishing loan book for the figure, which stood at 0.57 per cent at the end of December. ...