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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 'mortgage news'
Fall of 10 percent in mortgage lending
Figures that have been recently released have shown that for the month of November there was a drop of 10 percent in mortgage lending in the UK compared to the previous month. The figures suggest that mortgage lending in November hit the lowest level...
First time buyers at lowest level in a year
Recent figures have suggested that the level of first time buyers in the UK have fallen to the lowest in the period of a year. The National Association of Estate Agents has stated that the number of first time buyers entering the property market has ...
Homeowners better off due to low interest rates
Just eighteen months ago many homeowners in the UK were facing crippling mortgage repayments because of the high base interest rate, and many found that they were unable to keep on top of these repayments fuelling a surge in property repossessions ac...
House prices to fall again next year
Whilst there has been a great deal of speculation with regards to whether recent house price increases in the UK can be sustained over recent months, a report has now suggested that many economists and estate agents are now in agreement that property...
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...
Cumberland Building Society gets national award
The banking industry has suffered a series of knock backs over the past couple of years, and as a result of a number of factors many consumers have lost confidence in banks and building societies, which have come under fire for a variety of things. ...
Mortgage lending in October increased compared to previous month
Figures that were recently released by the Council of Mortgage Lenders have shown that there was a month on month increase in mortgage lending for the month of October, with mortgage lending for the month rising by around 5 percent compared to Septem...
Consumer should not switch mortgages without banking fees
Consumers are being warned that they should avoid switching their mortgage loans without first checking the fees that they will be charged for the privilege. According to one recent report around thirty thousand homeowners a month have to decide whe...
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 ...
Property market more active than usual for this time of year
It has been reported that the property market in the UK is more active than usual for this time of year, with many people putting their Christmas shopping on hold to get on with the more important matter of getting a house. Officials have said that ...
Rent to Home-buy scheme deemed unsuccessful
The Rent to Home-buy scheme that was launched by the government in the hope of enabling more people to get onto the property ladder has been deemed unsuccessful. According to a recent report the scheme has cost taxpayers tens of millions of pounds y...
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 ...
Bloomberg survey suggest up to five years for full house price recovery
Since property prices reached their peak in the UK in October of 2007 the value of homes in the nation have plunged, with many homeowners seeing tens of thousands of pounds being wiped off the value of their homes. Over recent months there has been ...
Fake Payslips Beig Bought Online For Mortgage Fraud
Following an investigation by the Observer newspaper it has been revealed just how quick and easy it is for criminals to purchase fake payslips via the Internet and then go on to commit mortgage fraud. A reporter from the newspaper said that getting...
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...
Nationwide predicts downward spiral for house prices
The leading building society Nationwide has recently warned that we should expect downward pressure on property prices in the UK over the coming year. The warning came as the building society posted details of its profits, which have plunged by arou...
Stamp duty suspension was not as useful as hoped
Last year the government in the UK suspended stamp duty on properties between £125,000 and £175, 000 in value in the hope of helping to revive the struggling property market by increasing affordability for first time buyers. Properties under the v...
Woolwich tightens affordability calculations
The mortgage sector of Barclays, the Woolwich, has announced that it has recently tightened up its mortgage affordability calculations, which could potentially make it difficult for many borrowers to get a competitive mortgage loan from the lender. ...
Bank of England throws more money at economy
Following the most recent Monetary Policy Committee meeting the Bank of England announced that it was throwing even more money at the economy in the form of quantitative easing, which has already cost £175 billion. Originally the maximum amount put...
Homeowners given advice on making money from their home
In the past many people with their own homes were reliant on the equity in their properties to provide them with financial stability in the future. However, with the onset of the global credit crunch and the property market crash all of this has cha...
Platform withdraws from self cert mortgage market
Conditions within the mortgage sector have changed dramatically since the onset of the global credit crunch, with popular mortgages such as 100 percent mortgages and even 95 percent mortgages disappearing from the shelves and being replaced with high...
Increased demand for mortgage advice from first time buyers seen as sign of recovery
According to a recent report there has been a rise in the number of enquiries for mortgage advice from first time buyers of late, and this has been seen as a sign of recovery in the property market. The number of enquiries from first time buyers is ...
Borrowers being pushed onto costly fixed rates by lenders
A recent report has claimed that lenders are being accused to pushing customers onto expensive fixed rate mortgage deals that could see the amount that they owe go up by thousands of pounds. Lenders are being accused to encouraging customers to come...
Mortgage lending propped up by first time buyers
It has been claimed that the mortgage lending sector for the month of August was largely propped up by first time buyers. The month saw a drop in the number of people looking to remortgage, but there was a return to the market – albeit a gradual on...
Property prices see annual rise
Figures that were recently released by Nationwide have shown that there has been an increase of 2 percent in property prices in the UK. The lender has confirmed that house prices are now higher than they were at the same time last year by around 2 pe...
Rise for Northern Ireland homes unlikely
An industry report has recently claimed that it is unlikely that homes in Northern Ireland will see any price increase next year. The report was released by Davy stockbrokers, and claims that even if there is a property value increase it will not be ...
Northern Rock tries to tempt more customers
Nationalised mortgage lender Northern Rock is said to be on an aggressive drive to try and increase its customer base by cutting the rates on some of its mortgage products a number of times within a short period of time. The lender recently cut the ...
Turnaround with buy to let reference checks
For many years landlords in the UK who have been looking to rent their properties out to potential tenants have always been careful to ensure that a credit reference check is carried out on any potential tenant to make sure that they are not experien...
90 percent mortgages withdrawn by Britannia
First time buyers have faced a number of problems when it comes to getting onto the property ladder, even though property prices have come down. Over the past couple of years banks and lenders have become reluctant to hand out mortgage loans, and fir...
First time buyers get some good news
Earlier this month struggling first time buyers in the UK received some good news after Abbey, which is owned by Spanish bank Santander, accounted that it was scrapping the legal fees on some of its mortgage loans. The news comes just as many first ...
