Revamp Your Finances in 2010
Posted:2010-01-07 11:34:59 - By Zopa
Want to start afresh this year, but don't fancy the high loan rates on the High Street? If you want to cut up the credit cards for good, invest in a new motor, or even want to give your home a fresh look,
Read More…July House Purchase Loans up 19% on Last Year - CML
Posted:2009-09-14 18:10:09 - By Liam Bailey
UK 14 September 2009 - Mortgage lending increased massively in July according to a new survey by the Council of Mortgage Lenders, who revealed the first significant increase in mortgage lending since July
Read More…Mortgage Data: First Time Buyers Prevalent in UK Housing Market
Posted:2009-08-22 10:04:06 - By Emma Louise Bailey
UK 22 August 2009 - The number of mortgages being approved for house purchases is continuing to increase at a steady rate this year. The British Bankers Association revealed that the value of house purchase
Read More…UK Housing Market: What's Really Behind Record Low Mortgage Lending
Posted:2009-05-29 07:34:58 - By Liam Bailey
Mortgage lending for new home purchases rose 4% last month according to the British Bankers Association, but is still at shockingly low levels with just over twenty-seven and a half home purchase mortgages
Read More…Mortgage Lending Fall Means no UK Housing Market Recovery in Sight
Posted:2009-05-22 14:05:44 - By Liam Bailey
The volatility of the UK housing market has once again bounced onto centre stage and danced all over the recent hopes for recovery caused by "various indicators". I couldn't believe it when I read an
Read More…Commentary on CML Data: 12,800 Homes Repossessed Q1 2009
Posted:2009-05-15 17:23:47 - By Michelle Conlay
The Council of Mortgage Lenders today revealed that 12,800 UK homes were repossessed in the first quarter of this year, compared to 10,400 in the last quarter of last year, and 8,500. The CML now thinks
Read More…HBOS to Offer 120% LTV Mortgages to Homeowners in Negative Equity
Posted:2009-04-14 18:50:57 - By Emma Louise Bailey
HBOS, a conglomerate of Halifax and the Bank of Scotland, which is now part of the Lloyds banking group, is to offer 120% fixed rate remortgage deals to homeowners in negative equity who are nearing the
Read More…Dubai Property Prices to Keep Falling - Whether Banks Lend or Not
Posted:2009-03-27 08:23:32 - By Liam Bailey
A Middle East mortgage broker has said that UAE property prices, especially in Dubai will decline a lot further unless banks restart lending. "If financing and liquidity comes in, that will soften the
Read More…UK Property: Falling Savings Deposits+Rising Mortgage Lending=?
Posted:2009-03-24 22:08:02 - By Scott Bailey
Savings deposits fell by £73million in February, following a drop of £200million in January as returns deteriorate; with some accounts now paying 0% returns to savers. Some are saying that
Read More…UK Property: Who Benefits Most From Returning Fixed Rate Mortgage
Posted:2009-03-19 22:41:54 - By Liam Bailey
I am rather baffled that more commentators aren't sceptical that the banks have brought back five year fixed rate mortgages now. I have read two articles one in the Daily Mail and one on Hotproperty.co.uk,
Read More…UK Mortgage Lending Hits Lowest Level Since 2001
Posted:2009-03-19 13:15:20 - By Emma Louise Bailey
Gross mortgage lending in the UK fell a further 15% in February, down to just £9.9 billion; the lowest level since February 2001 according to latest figures released by the Council of Mortgage Lenders
Read More…UK Property: Housing Market Recovery Hinges on Three Things
Posted:2009-03-18 17:58:01 - By Liam Bailey
It is has become apparent that the UK housing market recovery is dependent on three things, all of which are going to take an indeterminate amount of time to resolve: sellers realising that it is a buyer's
Read More…Ask Yourself About the UK Property Market Recovery
Posted:2009-03-15 22:03:53 - By Liam Bailey
I just read an article on the UK property market, by Guardian Money editor Patrick Collinson, his closing statement was one of the most poignant I have read about the UK property downturn; he writes:"No
Read More…UK Govt's Further Measures to Increase UK Mortgage Lending
Posted:2009-02-24 11:37:29 - By Emma Louise Bailey
Alistair Darling has offered to drop Lloyds Banking Group's £480m annual interest bill on a taxpayer loan, in return the bank will be expected to provide billions of pounds in new mortgage lending
Read More…Northern Rock to Increase New Mortgages by £14billion by 2010
Posted:2009-02-23 17:48:51 - By Scott Bailey
Northern Rock is to increase mortgage lending by £14 billion in the next two years. The bank has agreed a Treasury sponsored business strategy that will introduce around £5billion in new mortgage
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