Eight year low for mortgages in April
June 29, 2009
A recent report released by the British Banker’s Association has shown that the level of net mortgage lending for the month of April from UK lenders slipped to its lowest level in eight years. Read more
Mortgage lenders try and boost markets by cutting costs
June 25, 2009
According to a recent report a number of mortgage lenders have recently been trying to boost the mortgage markets by cutting costs for those looking to purchase a property. Read more
Lenders told to stop selling single premium PPI right away
June 23, 2009
It was recently reported that regulators had brought in a ban on the sale of single premium Payment Protection Insurance from lenders, with the ban officially coming into force in October of next year. Read more
No change in interest rates for June
June 20, 2009
Following the Monetary Policy Committee meeting, which was held earlier this week, the Bank of England has announced that the UK base rate is to be kept on hold for yet another month. Read more
Broker and lender optimistic about housing market
June 18, 2009
A major High Street lender and a well known mortgage broker have both made optimistic predictions about the housing market recently, predicting that by the end of this year house prices could start to increase again. Read more
Deposit level drop from Abbey
June 15, 2009
Earlier this month the High Street banking giant which has recently enjoyed taking a larger share of the mortgage market, Abbey, announced that it was cutting its deposit levels for access to its most competitive deals. Read more
Industry should learn from reckless lending
June 13, 2009
A report that was released earlier this month has blamed the ongoing financial crises on reckless lending, and has claimed that lenders should learn by further restricting their lending regulations to ensure that this sort of problem does not arise again in the future. Read more
Extra Costs Causing Hardship for Tenants
June 12, 2009
Tenants renting flats and houses in England have recently been faced with a rash of charges that is cutting into the money they have allotted for their expenses. One charity in England has labelled these extra charges by the letting agents as unjust and excessive. Read more
28% fall from peak to trough for house prices
June 10, 2009
Earlier this month figures were released that showed there would be a fall of 28 percent in house prices from the time at which they peaked in October of 2007 to the time at which the property downturn comes to an end. Read more
Mortgage lenders attempt to cut costs
June 3, 2009
There has been evidence that competition in the mortgage market is hotting up again, with lenders striving to increase their share in the mortgage market by trying to cut costs for potential buyers. Read more
Monetary Policy Committee keeps rates on hold
June 1, 2009
The base interest rate in the UK is to stay on hold for the first time in seven months, with the Bank of England announcing that it is leaving the rate on hold at 0.5 percent following the April Monetary Policy Committee meeting earlier this week. Read more