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News Archive - Bad Credit Mortgage News

CML, IMLA respond to sub-prime report

The Council of Mortgage Lenders (CML) and the Intermediary Mortgages Lenders Association (IMLA) have attacked a controversial report on the sub-prime ...
Published: 13/12/2007

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Mortgage market is in good health

The UK mortgage market would benefit from increased confidence and is not looking as shaky as some people would make out. That is according to the Int...
Published: 15/10/2007

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Mortgage rate danger lurking for thousands

Thousands of people on fixed-rate mortgage deals could find themselves paying higher rates when their current deals run out.It is because of the fallo...
Published: 03/10/2007

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IVAs popular among twenty-somethings

Individual Voluntary Arrangements (IVA) are growing in popularity among younger people.According to R3 (the Association of Business Recovery Professio...
Published: 28/09/2007

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Fewer mortgages approved in August

It appears that fewer people were prepared to get their first mortgage in August and figures reveal that the number of loans for home purchase fell.Th...
Published: 27/09/2007

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Debt levels rise

Consumers in the UK are putting themselves at risk of receiving county court judgements (CCJs) by increasing their levels of personal debt.Figures fro...
Published: 25/09/2007

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UK sub-prime market smaller than US'

The UK sub-prime mortgage market is "comparable" to that in the US but on a smaller scale.That s the opinion of the International Monetary F...
Published: 25/09/2007

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Sub-prime problems persist

The crisis in the sub-prime mortgage sector has revealed itself with startling clarity.Barclays has announced that it intends to sell its sub-prime lo...
Published: 24/09/2007

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Brokers 'have faith' in sub-prime market

New research has revealed that brokers still have confidence in the sub-prime market despite the current "turbulence" in the sector.Accordin...
Published: 12/09/2007

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Sub-prime borrowers suffer as lenders' rates soar

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

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UK sub-prime market beginning to squeeze

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

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Specialist lender to stay in sub-prime mortgage market

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

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CML dismisses sub-prime mortgage fears

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

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Arrears figures 'low by historic standards'

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

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Mortgage arrears rates up over past 6 months

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

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Building societies 'provide better customer service'

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

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UCB cuts rates on adverse credit mortgages

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

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Bad credit mortgages 'booming'

The market for bad credit mortgages is going through a period of growth in the UK, with expansion of 28 per cent in 2006, according to research.A stud...
Published: 11/07/2007

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More borrowers 'missing payments'

Rising interest rates are causing borrowers on bad credit mortgages and other deals to miss their repayments, with 460,000 monthly payments overlooked...
Published: 09/07/2007

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Further rate hikes 'not necessary'

The Bank of England yesterday increased the base interest rate to 5.75 per cent, a move that many holders of bad credit mortgages would have been drea...
Published: 06/07/2007

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LIMA Financial Services LTD have access to the following lenders and Insurers

Residential Lending:

Abbey GMAC Preferred
Accord Halifax Principality
Advantage Infinity Mortgages Progressive
Alliance & Leicester Intelligent Finance Royal Bank of Scotland
Bank of Scotland Kensington Scottish Widows
Bank of Ireland Leeds Skipton
Birmingham Midshires Lloyds TSB SPML
Bristol & West Mortgage Express Standard Life Bank
Buildloan Mortgages Plc The Mortgage Works
Capital Home Loans Mortgage Trust TMB
Chelsea Nationwide The Mortgage Business
Cheltenham & Gloucester Natwest The One Account
Coventry Northern Rock UCB Homeloans
Dunfermline Norwich & Peterborough Ulster Bank
Edeus Paragon West Bromwich
First Active Platform Woolwich
First Trust Portman  

Lenders accessible through The Packagers:

Amber Future Money Partners
Beacon High Street Homeloans Rooftop
DB Mortgages I Group Scarborough
First National London & Scottish Swift
Freedom Lending London Mortgage Co Unity and Victoria Mortgages

Commercial Lenders:

BOI Heritable Northern Rock
BOS Interbay RBS
Chase UK Natwest TBMC
Fiducia

Overseas Property:

Blevins Franks Conti Financial Services Fidentia Group

Life Insurance Providers:

Axa Friends Provident
Bupa Health-on-line and Standard Life

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