London Mortgage Rates Down Friday, 16th May 2008

Following Nationwide’s announcement earlier this week that it will also reduce some of its rates by up to 0.3% from today,Abbey has reduced the rates on all flexible and tracker-ra... read more

CUTS IN MORTGAGE RATES FOR LONDON ARE UNLIKELY Thursday, 15th May 2008

The chances of more Base Rate cuts are unlikely for the foreseeable future. Charcol. The Bank of England is now in a Catch 22 situation: leave the Base Rate where it is and the... read more

Mortgages in London and elsewhere, down Wednesday, 14th May 2008

The number of loans for house purchase declined to 46,500 in March, down 1% from 47,200 in February. The continued decline in lending for house purchase has been partly attributed ... read more

Advice on Mortgage Possessions in London and the rest of the country Friday, 9th May 2008

During the first quarter of 2008,more than 38,000 mortgage possession claims were issued 16% higher than in the first quarter of 2007, according to the Ministry of Justice. Mo... read more

MORTGAGE IN LONDON AND ELSEWHERE Wednesday, 7th May 2008

London homeowners face mortgage rises of up to £230 a month as lenders ratchet up the price of credit, the Bank of England warned yesterday. Many borrowers whose fixed-rate mor... read more

Buy to Let Mortgages in London Tuesday, 6th May 2008

The credit crunch is set to make rents climb higher. They are 12% higher than a year ago. Over the first quarter of 2008, rents rose by an average of 4%, while they are now 12%... read more

REPOSSESSIONS Friday, 2nd May 2008

25,264 people have already fallen victim to the insolvency epidemic in 2008 with 9,614 Individual Voluntary Arrangements (IVAs) and 15,651 bankruptcies reported. Individual i... read more

Mortgage Protection Tuesday, 29th April 2008

Homeowners sould review their insurance. Income protection could help homeowners protect their ability to make repayments on their mortgage and any other loans. Homeowners n... read more

Mortgage News and Halifax Monday, 28th April 2008

Industry sources said Halifax is drawing up plans to raise up to £5bn of fresh money with a rights issue. HBOS, which owns the Halifax and Bank of Scotland brands, will admit thi... read more

Mortgage Approvals Down Saturday, 26th April 2008

New figures from the British Bankers Association have showed mortgage approvals for house purchase in March tumbling to 35,417 – the lowest figure since the organisation began comp... read more

MORTGAGES IN LONDON FOR FIRST TIME BUYERS Thursday, 24th April 2008

The market share for the first-time buyers reduced in March. More positively, the number of houses available rose giving more choice to potential buyers but the number of sales... read more

Mortgage Advice Wednesday, 23rd April 2008

The Chancellor of the Exchequer, the chief secretary to the Treasury and the housing minister hosted a meeting at 11 Downing Street yesterday with members of the mortgage and len... read more

Mortgage Rescue Package Tuesday, 22nd April 2008

A scheme to allow banks to temporarily swap their high quality mortgage-backed and other securities for UK Treasury Bills is to be launched by the Bank of England. The move wil... read more

House Prices Monday, 21st April 2008

House prices have taken their worst battering since records began.Prices are falling at the fastest pace for 30 years. It is a picture of lower prices, few buyers and desperate sel... read more

Bank Rate Cut-No Effect Thursday, 17th April 2008

The recent Bank Of England Base Rate cut had no helpful effect. LIBOR continues to loiter stubborn and high in relation to the Base rate, symbolic of a fallen system where banks l... read more

Mortgage Action Tuesday, 15th April 2008

Fears are running high that the mortgage market is in freefall, and that the Bank of England has lost control over the real loan rates that many families face.Alistair Darling has ... read more

House Prices Monday, 14th April 2008

House prices remained static in March across England and Wales, according to the latest Financial Times House Price Index. The index, which uses published Land Registry figures... read more

Fixed Rates Friday, 11th April 2008

Sixty two percent of those coming off a fixed-rate mortgage this year hope to secure another fixed-rate deal. A customer survey found that41% have a fixed-rate mortgage that co... read more

FIRST TIME BUYERS Wednesday, 9th April 2008

The average age of a first-time buyer, currently 34 years old, is likely to increase over the next two years. Recent developments in the mortgage market, whereby lenders have incr... read more

Risk of Repossessions Tuesday, 8th April 2008

A rise in unsecured personal borrowing may result in a repossessions increase this year. Bank of England figures, which reveal a rise in unsecured personal borrowing, show the pres... read more

Mortgage Squeeze Monday, 7th April 2008

The squeeze on the availability of mortgages is expected to continue in the next three months, the Bank of England has warned. But it also predicted that demand for home loans ... read more

Fixed Rates Saturday, 5th April 2008

An estimated 37% of people would go for a 25-year fixed-rate mortgage, according to a recent survey. Research also found that a further 28% would be willing to choose a medium-... read more

Tracker Mortgages Thursday, 3rd April 2008

The number of mortgages that track the Bank Base Rate have dropped by almost a quarter since July 2007. Before the credit crunch, people took out mortgages that tracked the bas... read more