News Archive - Articles Published in Mortgages
Council Mortgages 'Show Banking System Failure'09 Feb 2009 | by Peter WakefordThe decision by local councils to set up municipal banks to offer mortgages is a sign that the banking system has failed, one expert has said.
Mortgage Savers Move Home09 Feb 2009 | by Peter WakefordYoung people saving for mortgage deposits are moving in with their parents, according to new research form Abbey.
Barclays Drops Mortgage Rates09 Feb 2009 | by Peter WakefordAfter announcing changes to its credit card rates, Barclays has revealed plans to cut its mortgage charges.
House Prices Up 1.9% in January06 Feb 2009 | by Peter WakefordThe latest figures from the Halifax have suggested that January saw an increase in the average house price - but warned that it did not necessarily signal the start of a recovery.
Councils Have 'Good Sense' on Mortgages05 Feb 2009 | by Peter WakefordA local government thinktank has suggested that councils will make good mortgage providers, following a move from the government to encourage them to lend.
Bank of England Reduces Base Rate to 1%05 Feb 2009 | by Peter WakefordThe Bank of England's base rate has been lowered to one percent, a move widely predicted by analysts.
First-time Buyers 'Should Avoid Property Raffles'04 Feb 2009 | by Peter WakefordAn advice website has said that first-time buyers should avoid entering property raffles and instead save up money for a mortgage deposit.
Interest Rate Cut 'Could Hit Mortgage Availability'02 Feb 2009 | by Peter WakefordThe Building Societies Association has warned that a further cut in interest rates from the Bank of England could affect mortgage availability.
OFT Looking into Sale and Rent Back Firms02 Feb 2009 | by Peter WakefordThe Office of Fair Trading is looking into the advertising used by 16 sale and rent back companies.
Buyer Interest 'Not Translating into House Sales'02 Feb 2009 | by Peter WakefordMore potential buyers are enquiring about homes, but this is "not translating" into a jump in sales.
Homeowners 'Should Talk to Lender Before Defaulting'30 Jan 2009 | by Peter WakefordA money advice charity has said that homeowners who are concerned about mortgage repayments should talk to their lender before they start defaulting.
House Prices Fall But Mortgage Approvals Up30 Jan 2009 | by Peter WakefordThere was good and bad news in the property market as reports revealed that house prices dropped by 13.5 percent in 2008 but mortgage approvals rose in December.
First-time Buyers 'Confused by Jargon'28 Jan 2009 | by Peter WakefordNew research has found that some of the "jargon" used in the mortgage market is confusing for first-time buyers.
Mortgage Overpayments 'Can Protect Equity'28 Jan 2009 | by Peter WakefordMortgage holders have been advised that making overpayments while interest rates are low can potentially help protect their equity "in the short term".
Possession Orders Double but Thousands Overpaying Mortgages23 Jan 2009 | by Peter WakefordThe number of possession orders in the UK has nearly doubled in year but one of the country's biggest lenders has revealed that thousands are taking advantage of low interest rates to overpay their mortgages.
Mortgage Lending Drops Again22 Jan 2009 | by Peter WakefordThe latest figures from the Council of Mortgage Lenders show that mortgage provision dropped again in December, reaching its lowest figure since 2001.
Co-op Financial Services & Britannia Building Society to Merge22 Jan 2009 | by Peter WakefordA proposed merger between the Britannia Building Society and Co-operative Financial Services will lead to increased mortgage lending, the firms have said.
Northern Rock to Boost Mortgages20 Jan 2009 | by Peter WakefordState-owned bank Northern Rock is to offer more mortgages following the government's decision to reduce the repayment rate of its debt to the taxpayer.
Nationwide Reduces Fixed-Rate Mortgage Price20 Jan 2009 | by Peter WakefordNationwide Building Society has announced that it is lowering the cost of its fixed-rate mortgage agreements by up to one percent.
Property 'To Lose a Third of Value'19 Jan 2009 | by Peter WakefordHouse prices will have dropped by a third from their peak value before a recovery begins, according to the Ernst & Young Item Club's winter forecast.