Mortgage News Archive History

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  • Shrinking housing market looks to 95% mortgages
    Lenders are preparing to offer a 95% mortgage to boost an ailing housing market that depends heavily on buy-to-let and those unable to afford their own homes.   Contraction in supply and demand has ground housing market ...
    Mon 30th Jan, 2012
  • Credit cards and mortgages signal low borrowing
    Net lending for consumers and businesses remains 'subdued' on the back of the tough financial climate.   Concerned consumers paid off more credit card debt than they borrowed in December, according to the British Bankers’ ...
    Thu 26th Jan, 2012
  • Mortgage lending up in 2011, but outlook remains uncertain
    Overall, mortgage lending increased in 2011 after lending activity increased for five consecutive months to December. The housing market faces a tougher 2012, experts warn, but there could be room for optimism.   Lending in ...
    Tue 24th Jan, 2012
  • UK debts highest in the world
    Huge household debts in the UK are just part of a chilling picture that sees overall debt levels in the UK and Japan soar far beyond all other major economies.   Household, business and Government debts have seen UK debt as ...
    Fri 20th Jan, 2012
  • HSBC to provide £15 billion in mortgages
    HSBC hopes to take the largest market share of mortgages that the bank has ever had by making £15 billion available for UK homeowners in 2012, with help for first-time buyers.   This sum is expected to increase HSBC’s ...
    Fri 20th Jan, 2012
  • Homeowners enjoying cheaper mortgages, though concerns remain
    Despite the negativity surrounding housing affordability and the stagnant growth of the housing market, homeowners are enjoying some of the cheapest mortgages on record.   Historically low interest rates have enabled ...
    Fri 13th Jan, 2012
  • Private landlords exploiting mortgage difficulties
    Cash-rich landlords have been exploiting the lack of mortgage lending and people’s inability to get onto the housing ladder during the financial crisis by buying up property to let.   The tightening of mortgage lending in ...
    Mon 9th Jan, 2012
  • UK House Prices Register Slight Increase in 2011
    Though house prices saw a slight decline in December, they still rose 1% over the year on average, according to the Nationwide.   The Building Society’s House Price Index reports that the price of a typical home is now ...
    Tue 3rd Jan, 2012
  • Tougher new rules to end ‘self-certified’ mortgage applications
    New proposals by the Financial Services Authority will mean tougher checks for mortgage applicants to ensure that they can afford to pay their loans.   The regulator wants to ban the 'self-certifying' practice which saw ...
    Mon 19th Dec, 2011
  • First-time buyers needing more help to secure first home
    The number of first-time buyers who have required help to secure their mortgage has leapt significantly in recent years.   The Council of Mortgage Lenders recently revealed that first-time buyer mortgages had reached their ...
    Wed 14th Dec, 2011
  • Positive signs for "highly resilient" housing market
    With property demand is on the rise and lenders continuing to return to the market, signs look positive for the "highly resilient" housing market.   November’s rising demand for property in November saw buyer enquiries ...
    Tue 13th Dec, 2011
  • Mortgage payments at most affordable level since 2004
    Monthly mortgages payments for first-time buyers were at their most affordable level for eight years in October, figures have shown.   Data from the Council of Mortgage Lenders shows that confidence in persistently low ...
    Fri 9th Dec, 2011
  • Mortgage rates up for new borrowers, but tide could change
    Homeowners set to take out a new mortgage are likely to pay more than they would have done just a month, as mortgage lenders nudge up rates on new products.   The past week has seen mortgage providers including Nationwide, ...
    Mon 5th Dec, 2011
  • Mortgages could soar as Eurozone reaches a ‘systemic crisis’
    The Bank of England governor, Sir Mervyn King, has spoken candidly about the dire consequences for the British economy should the eurozone fail.   The governor warned that banks needed to act swiftly to accumulate capital ...
    Fri 2nd Dec, 2011
  • Mortgages and housing stable but subdued
    UK homeowners repaid mortgages at a record rate during the second quarter of 2011, but the housing market remains subdued. According to figures released by the Bank of England, a total of £9.1 billion was paid off mortgage ...
    Thu 1st Dec, 2011
  • Housing market still proving resilient
    The Nationwide House Price Index shows prices to have risen slightly in October, despite crumbling economic conditions for the housing market.   The price of an average home currently stands at £165,798 (non-seasonally ...
    Tue 29th Nov, 2011
  • Eurozone crisis could force up price of loans and mortgages
    The eurozone crisis could force up the price of loans and mortgages for already struggling households, the Nationwide has warned.   Nationwide said that wholesale money markets are tightening as Europe leaders struggle to ...
    Thu 24th Nov, 2011
  • Housing market 'unlikely to recover', says Bank of England expert
    The housing market may not recover from the financial crisis, a Bank of England expert has warned, though it may prove a benefit in disguise.   According to David Miles, a member of the Bank’s Monetary Policy Committee, ...
    Wed 23rd Nov, 2011
  • Government housing scheme aims to help first-time buyers
    The government has launched a £400 million 'Get Britain Building' programme designed to help first-time buyers, create jobs, and propel the economy forward.     The scheme should introduce taxpayer-supported 95% ...
    Tue 22nd Nov, 2011
  • Mortgage lending falls in October but remains stable
    Mortgage lending is showing a fall from September, but a hefty raise from last year.   According to the Council of Mortgage Lenders, gross mortgage lending was an estimated £13.1 billion in October. This represents a 4% ...
    Fri 18th Nov, 2011
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