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News Archive - Articles Published in Mortgages

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Interest Rate Cut Expected01 Dec 2008 | by Peter Wakeford
A cut in interest rates is widely expected when the Bank of England's Monetary Policy Committee meets on Thursday.

RBS to Give Customers Six Months' Grace01 Dec 2008 | by Peter Wakeford
The chief executive of the Royal Bank of Scotland has announced that struggling mortgage customers will be given six months' grace before repossessions begin.

Mortgage Firms Could Face FSA Action28 Nov 2008 | by Peter Wakeford
Mortgage lenders and administrators have been warned that they will risk punishment if they do not make sure that customers in arrears are being treated fairly.

Land Registry Reports 10.1% Annual House Price Drop28 Nov 2008 | by Peter Wakeford
The Land Registry has reported that annual house prices in England and Wales dropped by 10.1 percent during October.

Prime Minister in Housing Talks28 Nov 2008 | by Peter Wakeford
The prime minister has met with senior figures in the housing industry to discuss what can be done to help the sector.

Mixed News on House Prices27 Nov 2008 | by Peter Wakeford
The latest figures from the Nationwide have offered mixed news on house prices.

Northern Rock Increases Rates26 Nov 2008 | by Peter Wakeford
Nationalised bank Northern Rock has increased interest rates on its mortgage offers

Mortgage Approvals 'Drop by Half'26 Nov 2008 | by Peter Wakeford
Mortgage approvals in October dropped by more than a half compared with the previous year, according to the British Bankers' Association.

Property Sales Rise during October25 Nov 2008 | by Peter Wakeford
Official figures have revealed that property sales during October were up by eight percent on September's total.

Mixed Reaction to Darling Plan25 Nov 2008 | by Peter Wakeford
The PBR's welcome from the mortgage industry has been muted - but Citizen's Advice has welcomed the plan.

Lloyds 'Looks for Buyers of HBOS Holdings'24 Nov 2008 | by Peter Wakeford
Asset sales at the bank are reportedly being planned, in order to smooth the process as the two firms merge.

Homeowners 'Forced to Downsize'21 Nov 2008 | by Peter Wakeford
Some homeowners have been left with no choice but to downsize, according to a new survey.

Home Repossessions up 12%21 Nov 2008 | by Peter Wakeford
Repossessions have risen again, although the mortgage industry insists numbers are in line with expectations.

Banks Must Start Lending Again, MP Warns21 Nov 2008 | by Peter Wakeford
Banks have been told to resume lending or face state control.

October Sees Increase in Mortgage Lending20 Nov 2008 | by Peter Wakeford
There was a slight increase in mortgage lending in October, new data shows.

Survey Highlights Growing 'Mortgage Gap'19 Nov 2008 | by Peter Wakeford
Interest-only mortgage customers could be in trouble if they fail to put aside enough money to pay back what they owe.

Northern Rock Promises to Help Struggling Mortgage Borrowers18 Nov 2008 | by Peter Wakeford
Action on repossessions has been promised by Northern Rock.

Buy to Let Market is Closed, Claims B&B Boss18 Nov 2008 | by Peter Wakeford
Buy-to-let investors are finding it increasingly difficult to get mortgages, it has been claimed.