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Britannia reduces fixed-rates
Britannia building society has announced it will reduce the rates of some of its mortgage deals.The lender is set to drop the price of its three and five-year fixed-rate mortgages, as well as reducing...
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Lending declines in August
Mortgage lending in the UK has dropped to its lowest level since April 2005, according to new figures from the Council of Mortgage Lenders (CML).The CML claims that lack of sales in the housing sector...
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Lack of mortgage funding must be addressed
"High octane volatility" in the money markets is making predictions on the future of the housing market more difficult, according to the Council of Mortgage Lenders (CML).The CML claims the latest...
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New mortgages from UCB
Independent lender UCB Home Loans has launched a selection of new self certification and buy-to-let mortgage products.The lender said rates start from 5.54 per cent on its new deals.With loan-to-value...
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Standard Life Bank drops rates
Standard Life Bank is cutting rates and fees on several of its Freestyle flexible mortgage deals.Products included in Standard Life Bank”s discounted range include three, five and ten-year Freestyle...
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Endowment providers cut bonuses
Three leading endowment providers have cut their final payouts by as much as ten per cent in the last six months, according to new research.Fairinvestment.co.uk claims Norwich Union, Friends Provident...
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11.9 billion spent on DIY
More than four million people are visiting DIY stores every week, according to new research by Apacs.The trade association claims that £11.87 billion was spent on credit and debit cards at DIY stores...
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First-time buyers ‘need patience’
Buyers considering waiting before securing a mortgage on a new property should see purchasing a house as a sound investment, according to the National Association of Estate Agents (NAEA).The NAEA...
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Stamp duty ‘compounding slow-down’
Government indecision on stamp duty has reduced the number of sales in the housing market, according to the National Association of Estate Agents (NAEA).The NAEA claims the number of first-time buyers...
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20k to get on the ladder
First-time buyers are expecting to rent for the foreseeable future as the average amount of savings required to get on the property ladder reaches almost £20,000, according to Co-operative Financial...
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‘Brits avoid doom and gloom with foreign property’
Britons are looking to avoid the slump in the UK”s property market by buying abroad, according to Cater Allen Private Bank.The independent banking services provider claims that more than three million...
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Fixed rates are ‘bad value’
Buyers unsure about which mortgage to sign up to should steer clear of fixed-rate deals, according to a mortgage expert.Drew Wotherspoon, of independent mortgage firm John Charcol, said with rates...
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Approval rates plummet
Mortgage approval rates in the UK have plummeted, with growth in the market half the average for the first six months of the year, according to the British Bankers” Association (BBA).The association...
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Small deposits are a ‘costly option’
Mortgages available to would-be buyers are much more expensive and far less common, according to one industry expert.As lenders focus on low-risk customers, the number of homeowner loan products...
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‘The show must go on’
Uncertainty in the market does not mean homeowners can stop repaying their mortgage, according to the Financial Services Authority (FSA).The FSA has reminded property owners that a mortgage is just a...
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Britannia ‘continues cutting prices’
Mortgage lender Britannia Building Society has announced further cuts to many of its mortgage products.The building society has dropped the cost of its tracker homeowner loans and some of its...
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Mortgage lender fined
Mortgage lender GE Money Home Lending has been fined more than a million pounds by the Financial Services Authority (FSA).The FSA said that on top of the £1.12 million fine slapped on it by the...
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Mortgage intermediaries struggle to satisfy
Some two-thirds of independent mortgage brokers are unable to satisfy their customers, according to new research.The Intermediary Mortgage Lenders” Association (IMLA) claims the problem is most severe...
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Mortgage lending plummets 95 per cent
Mortgage lending in August fell by 95 per cent when compared with July”s figures, according to the Bank of England.The figures show that banks and building societies in the UK handed out just £143...
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Mortgage intermediaries condemn advance fees
Mortgage intermediaries have condemned lenders for the use of unfair mortgage fee practices, it has been reported.Head of the National Association of Commercial Finance Brokers Adam Tyler has told the...
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