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We offer free no obligation loan and mortgage applications along with a host of helpful articles on these subjects. Also, the blog is updated with regular news on the UK personal finance market.
Recent Posts Tagged With 'council of mortgage lenders'
Lenders offer 125 percent mortgages to existing customers
Over recent weeks a number of lenders have decided to bring back 125 percent mortgages, but these will only be made available to existing borrowers who have very good credit and need to move home. The measure has been put into place by the Nationwid...
Ban on self cert mortgages will not cut off everyone with an irregular income
Since the UK’s financial regulator the Financial Services Authority announced plans to ban self certification mortgages in their current form there has been a lot of controversy. Agencies such as the Council of Mortgage Lenders attacking these ...
Rise in the number of landlords obtaining buy to let mortgages
Figures that have recently been released by a mortgage group have suggested that a rising number of landlords are adding to their property portfolios by obtaining buy to let mortgages. The number of landlords that are now adding to their portfolios ...
FSA accused of treating lenders like drug dealers
The UK’s financial regulator, the Financial Services Authority, has been accused by the banking industry of treating both banks and building societies like ‘drug dealers at the school gates’. In a scathing verbal attack Matthew Wyl...
FSA voices concerns over recklessness of some lenders
The UK’s financial regulator, the Financial Services Authority, has commented on the extent of the recklessness of some of the UK’s lenders. The regulator stated recently that some lenders had been so reckless with their lending that bet...
Thousands of mortgages a month being turned down by banks
Recently released figures have shown that every month thousand of mortgage applications in the UK are being turned down by lenders. The figures were released by the Bank of England, and showed that in all around sixteen thousand mortgage application...
Bank of England confirms negative equity figures
The Bank of England has recently confirmed figures relating to the levels of negative equity amongst homeowners in the UK following around twenty months of house price falls. The figures from the Bank of England have shown that around 1.1 million ho...
Regulator continues to crack down on mortgage fraud
Since the onset of the global credit crunch in 2007 mortgage related fraud has become increasingly prevalent in the UK, as well as in other countries such as the United States. This has led regulatory authorities to put measures in place to help the...
Home sales restricted by negative equity
Lenders have recently stated that the number of property transactions and home moves is set to be seriously hampered by the fact that so many people are now in or facing negative equity as a result of plunging property valued. With around two millio...
House price decline slowest in a year in March
According to industry official the decline of house prices across England and Wales continued in March, but was at its slowest level in the space of a year. In addition to this there was also an increase in sales levels, which picked up from record l...
CML releases official negative equity figures
A couple of weeks ago the Council of Mortgage Lender released worrying figures with regards to negative equity levels amongst homeowners in the UK, claiming that 900,000 homeowners had been plunged into negative equity as a result of falling house pr...
Increase of two thirds in home repossessions
Figures from the Financial Services Authority have shown that over the course of 2008 the level of home repossessions increased by around two thirds, as an increasing number of homeowners struggled to keep up with their mortgage repayments in the dif...
Loan and mortgage fees could increase due to reforms
Industry experts have predicted that the fees and charges associated with loans and mortgages from banks could soar in the future as a result of sweeping reforms planned by the government to stop a future financial crisis similar to the one that the ...
Increased availability of home loans unlikely in the near future
A recent report has indicated that it is unlikely that there will be any significant increase in the availability of home loans in the near future. Lenders have stated that home loan values have reached their lowest levels since April 2001, and that ...
CML wants lower cap on mortgage interest rate reduction
The Council of Mortgage Lenders has asked for a lower cap to be introduced, which would mean that mortgage lenders would not be expected to reduce their mortgage interest rates beyond a certain level. The group has described the fall in the base int...
92% increase in home repossessions in one year
During the third quarter of last year the number of people that were losing their homes nearly doubled, according to recent reports. The figures show that in the three months up to September, which was the third quarter of the year, there were 13,16...
