Mortgage News Archive History

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  • 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
  • Index shows UK house prices to have fallen over the past year
    Average house prices have decreased across the year in all UK countries, according to the latest index from the Department for Communities and Local Government.   The index, which includes data based on mortgage completions ...
    Tue 15th Nov, 2011
  • Housing shortage set to raise prices and change living arrangements
    Research continues to show that the shortage of housing is set to raise property prices and the cost of mortgages, and change the way Britain's residential structure will operate.     In September, studies were suggesting ...
    Mon 14th Nov, 2011
  • New mortgage studies reveal a mixed picture
    New mortgage research data reveals some interesting insights into the current state of the market.   Generally, the signs are positive. Figures from the Finance & Leasing Association show that second charge mortgage ...
    Thu 10th Nov, 2011
  • Remortgaging your property could save £1,200 per year
    Although the majority of homeowners are looking to save money, they are missing out by not remortgaging, a Barclays report has suggested.     In the report, 58% of those surveyed said that they have only remortgaged their ...
    Wed 9th Nov, 2011
  • House prices up, while rental demand soars
    House sales and rentals both show the housing market to have found signs of resilience in the face of a struggling economy.   The Halifax House Price Index shows that property prices rose by £2,000 (1.2%) last month, to ...
    Tue 8th Nov, 2011
  • The return of the 90% mortgage
    The housing situation in Britain has received a boost after major lenders returned to the market with 90% mortgages. Lenders underwent a strict tightening of their credit criteria in the aftermath of the credit crunch, ...
    Mon 7th Nov, 2011
  • Signs of recovery? Moderate growth in housing and the wider economy
    Growth rates are up, but probably not for long, experts warn. Figures released today by the Office for National Statistics show the UK economy to have grown by 0.5% in the third quarter of 2011. This compares favourably with ...
    Tue 1st Nov, 2011 (1 Comment)