Mortgages Articles: News, Guides & Advice

A consortium including JPMorgan might soon acquire the UK's biggest lender.

Stamp duty should be eliminated for first-time buyers in order to boost the market as a whole, the agents said yesterday.

A new low in mortgage approvals has been marked by a monthly survey from banks.

Banks, independent financial advisors and estate agents are effectively failing mortgage customers, it has been alleged.

Mortgage firms must help out in the war against corrupt brokers, the financial watchdog has said.

Homes could be becoming more affordable to those who do not yet own property, estate agents have said.

A mortgage firm has decided to reduce loans for some customers by eight per cent - in order to encourage redemptions.

Houses in the market town of Beaconsfield have an average value of £704,724 with properties in similar areas also attracting high prices.

One expert has suggested that house prices in the UK and the US will continue to fall for the next two years.

Mortgage lending fell last month, with experts expecting the trend to continue for the remainder of the year.

TV shows such as Sarah Beeny's Property Ladder inflated the house price bubble, which burst last year in the credit crunch.

The mortgage market is set to benefit from fresh rate reductions - as the sector continues to enjoy positive sentiment stemming from the takeover of Alliance & Leicester.

New home-building and "rent then buy" initiatives were unveiled today by housing minister Caroline Flint.

A new plan to shift hard-to-sell financial instruments from banks' balance sheets has been unveiled by mortgage lenders.

Buyers are in a new position of strength due to the continuing woes of the housing sector, surveyors have indicated.

Yet more bad news for homeowners looking to sell up as house prices fall another 2%.

The lender confirmed today that it will be bought out in a £1.25 billion deal.

A majority of mortgage brokers banned by the FSA this year is located in an area of east London, an investigation has shown.

America's two largest mortgage lenders are to receive public backing, due to concerns over their balance sheets.

Some lenders have taken the initiative and reduced rates, after the Bank failed to implement its own reduction to the base rate of interest.

Despite the well documented fall in house prices, first time buyers are still struggling to get on to the housing ladder - with some couples having to save an entire year's pay just for a deposit.

Britain's biggest lender, Halifax, now claims that the average house price is six per cent lower than it was last year.

A mortgage with a record breaking arrangement fee of up to £137,500 was launched today by mortgage broker John Charcoal.

A leading figure in the house building industry has said the housing market looks set to experience a worse crash than that of the early 1990s.

Couples who have split up are still physically having to stay together as they are finding it impossible to sell their jointly owned homes.

The decline in the value of houses in the UK will be welcomed by first time buyers, it has been claimed.

The chancellor has suggested that a new tax-free savings scheme could be put in to place to help first time buyers save for a deposit.

The mortgage market is still showing signs of a slowdown, according to the latest figures from the Council of Mortgage Lenders (CML).

A shift in power has taken place in the property market, it has been suggested.

Increasing numbers of people are exercising the option to switch to interest-only repayments for a limited period.

Despite the recent housing gloom, the lender has announced reductions to some of its tracker deals.

The average monthly cost of mortgage repayments in the UK have risen by 78 per cent over the past five years, an accountancy firm said today.

The mortgage market in the UK could be put under further financial strain by recently-announced troubles at some of the UK's biggest new home builders.

Prospective homebuyers should take their time, Firstrung has suggested.

The sector is facing a severe drought in home loans, an expert has suggested.

Nationwide provided further evidence of a housing downturn today.

The Land Registry and Hometrack have released differing findings on house prices.

Renting a home rather than taking out a mortgage is more expensive over the long term, it has been claimed.

Britons are predicting modest house price drops over the months to come, a study has shown.

Three UK lenders announce increases to their repayment rates.

The new-builds are needed in order to reduce demand for housing, a group has said.

Fewer and fewer people are taking out home loans, banks said today.

The cost of property fell this month, an online property portal has suggested.

With inflation spiralling above target the Bank of England Governor suggests the only way for interest rates is up, sending waves of panic throughout the housing market.

The CML confirms that last month saw a decline in the total amount loaned for mortgages.

The market will be "subdued" this year, Britain's biggest mortgage lender has said.

Fewer new properties are to be built in 2008 than at any time for 60 years.

Local authorities should provide below market rate lending to people who face repossession, a new report suggests.

Home loans remain down on last years levels, new statistics from lenders have affirmed.

The government has released good news regarding the UK property market.