News Archive - August 2007

Data showing that the UK housing market continues to resist the calming influence of five successive base rate rises could increase the probability of...
Published: 31/08/2007

New mortgage approvals stayed strong through July in spite of a chain of five interest rate hikes over the last year which have brought the base rate ...
Published: 31/08/2007

Indications that house price growth is slowing at last under the impetus of successive base rate rises could create a window of opportunity for first ...
Published: 31/08/2007

Many homeowners re-mortgaging their properties ignore the new re-mortgaging deals flooding the market and remain with their existing lender, the Counc...
Published: 30/08/2007

Buy-to-let investors hoping to make a profit from renting to students could look beyond the UK for their next investment, BuyAssociation has suggested...
Published: 30/08/2007

The buy-to-let market in Carlisle is proving "very successful" for investors as the city prepares to host a new generation of university stu...
Published: 30/08/2007

Ten per cent of British parents would be willing to shoulder a buy-to-let mortgage to ease their children's entry onto the housing market, a study fro...
Published: 29/08/2007

People hoping to live in rural areas could increasingly turn to rental options over home ownership as the average price of a home in the country soars...
Published: 29/08/2007

Woolwich has launched a set of mortgage deals tailored to the specific needs of prospective homeowners at both ends of the buyers' market, from first-...
Published: 29/08/2007

The nation's ideal home is a detached, new-build house in the country, according to a survey by Halifax mortgages.Taking 'location, location, location...
Published: 28/08/2007

A record number of first-time buyers chose an interest-only mortgage in June, as almost one in three opted for this product type, figures from the Cou...
Published: 28/08/2007

Sub-prime mortgage lenders have begun hiking the rates borrowers must pay as a tumultuous credit market context compels them to limit their liabilitie...
Published: 28/08/2007

Intermediary mortgage lenders are far from confident about the Brown government's housing policy, member research from the Intermediary Mortgage Lende...
Published: 24/08/2007

The age of financial freedom arrives five years ahead of standard retirement age, according to a study from Birmingham Midshires - which notes a sharp...
Published: 24/08/2007

A number of recent studies have shown that many people seeking first-time buyer mortgages find themselves priced out of their desired property and set...
Published: 23/08/2007

Nationwide Building Society this week unveiled a raft of new pricings on its fixed-rate mortgage range, cutting interest rates and improving affordabi...
Published: 23/08/2007

Alliance & Leicester has launched a new range of prime mortgages, headed by a 'low start' two-year fixed-rate loan which lets customers pay intere...
Published: 23/08/2007

London prices are leading the way as a continuing wave of rising prices hits the UK, research from Academetrics has revealed, with 15 per cent growth ...
Published: 22/08/2007

An interest-only mortgage could give a first-time buyer a financial margin which helps them afford other outgoings after purchasing their property, th...
Published: 22/08/2007

For the first time in over one year, house prices in London have actually fallen, according to the property company Rightmove.And this month, estate a...
Published: 21/08/2007

The best investment in the UK so far this century is buy-to-let property, according to Landlord Mortgages.Buy-to-let property sees better return that ...
Published: 21/08/2007

People with bad credit ratings can expect to find it increasingly difficult to secure home loans, as seven UK sub-prime lenders have announced they ar...
Published: 20/08/2007

The Council of Mortgage Lenders (CML) has said that mortgage lending is still rising at a "robust" rate, despite five increases in the cost ...
Published: 20/08/2007

Mortgage lending stayed strong through July as homeowners borrowed £34.4 billion in total, the latest figures from the Council of Mortgage Lender...
Published: 20/08/2007

One in three landlords has cited control over their investment as a driving factor in their decision to invest in property instead of in unsecured ass...
Published: 17/08/2007

First-time buyers are shouldering unprecedented income multiples of mortgage debts to help them afford their first home, figures from the Council of M...
Published: 17/08/2007

UK banks may be seeing the crisis in the US sub-prime market impact on their ability to raise funds in capital markets and grow themselves in line wit...
Published: 17/08/2007

Asset Management firm New Star has predicted that interest rates have reached their peak at 5.75 per cent.The company made its forecast after minutes ...
Published: 16/08/2007

Brokers are expecting a buoyant remortgage market in the near future as millions of borrowers come to the end of their fixed-rate deals, it has been r...
Published: 16/08/2007

Investing in a buy-to-let property could be an option worth considering for parents whose children are attending university, according to financial co...
Published: 16/08/2007

Inflation in July fell below the Bank of England's target rate of two per cent, according to national statistics released today.The Consumer Price Ind...
Published: 15/08/2007

First-time buyers (FTBs) have been warned that an interest-only mortgage could be a dangerous option to take when moving into their first home.Accordi...
Published: 15/08/2007

Specialist lending firm DB Mortgages has denied that it is withdrawing from the sub-prime mortgage market.It was confirmed last week that the lender, ...
Published: 15/08/2007

The necessity of tailored first-time buyer mortgages to boost the number of people entering the property market has been illustrated by figures from t...
Published: 14/08/2007

Bank of Scotland has announced cuts in rates on selected buy-to-let mortgages, offering "very competitive deals" to intermediaries and their...
Published: 14/08/2007

Fears that the UK sub-prime mortgage market is headed for a crisis similar to that in the US and that lenders are engaging in irresponsible lending pr...
Published: 14/08/2007

Platform, the intermediary lender of Britannia, is launching a new fixed-rate buy-to-let mortgage with Legal & General (L&G).The package is av...
Published: 13/08/2007

New homebuyers are likely to turn to friends and family for advice on buying their house and getting a first-time buyer mortgage, according to researc...
Published: 13/08/2007

House price growth was strong in June, at an annual level of 12.1 per cent, up from 10.8 per cent in May, Communities and Local Government (CLG) has a...
Published: 13/08/2007

Despite rising interest rates and signs of slowing in the market, house prices continued to climb in July, rising by an average of £679 on a mont...
Published: 10/08/2007

New property buyers have been warned of the variety of costs that can emerge when moving into a house, outside those that are included in first-time b...
Published: 10/08/2007

Citizens Advice has urged mortgage lenders to offer all the help they can to people disadvantaged by the recent floods in central and southern England...
Published: 10/08/2007

Homeowners should do everything possible to keep up with mortgage repayments in the face of fluctuating interest rates but can consider approaching th...
Published: 08/08/2007

Buy-to-let landlords who let properties in student towns can earn higher returns than others on the market, with a new report finding that rental yiel...
Published: 08/08/2007

Leading UK bank Alliance & Leicester has announced a number of changes to its self-cert and near prime mortgage deals.Among the new deals is a sel...
Published: 08/08/2007

High street bank HSBC has announced that it will remove the fees on its mortgage products for two months in a bid to simplify the lending process.The ...
Published: 07/08/2007

Interest-only mortgages are the best option for anyone who is planning to invest in buy-to-let property, one expert has claimed.According to the direc...
Published: 07/08/2007

Standard Life has continued its series of enhancements to its buy-to-let mortgage range, with the introduction of free legal facilities to its Freesty...
Published: 06/08/2007

Interest in buy-to-let mortgages is as strong as ever as people continue to consider property as an investment opportunity, according to Standard Life...
Published: 06/08/2007

Woolwich has cut the borrowing rate on its two-year fixed mortgage, reportedly making it the best fixed-rate remortgage deal for this period from a hi...
Published: 06/08/2007

The Leeds Building Society has launched a ten-year fixed-rate mortgage with a headline rate of 5.89 per cent.Borrowers can use this product to cover u...
Published: 03/08/2007

The Intermediary Mortgage Lenders Association (IMLA) has responded to arrears figures published by the Council of Mortgage Lenders, stressing that the...
Published: 03/08/2007

The Council of Mortgage Lenders (CML) has revealed that the number of mortgages in arrears of three months or more at the end of June stood at 125,100...
Published: 03/08/2007

Skipton Building Society has claimed that its new capped-rate mortgages will offer first-time buyers and other borrowers added security in a climate o...
Published: 02/08/2007

The Bank of England's monetary policy committee (MPC) has announced that interest rates will be held at 5.75 per cent in August, a move welcomed by fi...
Published: 02/08/2007

The levels of debt that many graduates leave university with may be a barrier to those hoping to get on the property ladder, but a lack of equity is j...
Published: 02/08/2007

Building societies deliver better customer service and higher satisfaction than other financial service providers, new research claims.The Building So...
Published: 01/08/2007

Specialist intermediary lender UCB Home Loans has announced reductions in the rates on its entire range of adverse credit mortgages and certain near-p...
Published: 01/08/2007

The Coventry Building Society has launched a new 'fix and track' product which will commence with an interest rate of 5.89 per cent.This will be fixed...
Published: 01/08/2007