News Archive - July 2007

The Bank of England has announced that the increase in total net lending to individuals was £10.4 billion in June – higher than both the inc...
Published: 31/07/2007

The average amount being borrowed for first-time buyer mortgages is almost double the level of four years ago, according to Abbey.Figures released by ...
Published: 31/07/2007

Buy-to-let mortgages look set to maintain their popularity over the coming years, with a survey by Mortgage Trust showing that new landlords expect th...
Published: 31/07/2007

Some 54 per cent of British mortgage borrowers would not take out a mortgage with a rate fixed for 25 years, according to research by Abbey.The mortga...
Published: 30/07/2007

The British Chambers of Commerce (BCC) has warned the monetary policy committee (MPC) that further increases in the interest rate could be dangerous f...
Published: 30/07/2007

The majority of consumers can not see the current pattern of interest rate rises coming to an end soon, according to a new report.In a survey taken af...
Published: 30/07/2007

The Bank of England's monetary policy committee (MPC) is unlikely to increase the base interest rate in August, according to economic analysis firm Gl...
Published: 27/07/2007

Significant numbers of young people hoping to get on the property ladder are willing to borrow large amounts and run the risk of repayment problems in...
Published: 27/07/2007

Graduates are continuing to find it difficult to secure a first-time buyer mortgage and get a foot on the property ladder, according to research.Some ...
Published: 27/07/2007

The Royal Institution of Chartered Surveyors (Rics) has responded to housing market data from Nationwide and the British Bankers' Association (BBA), s...
Published: 26/07/2007

Mortgage approval rates in June were significantly down on the previous year, despite the overall trend for lending staying fairly consistent, the Bri...
Published: 26/07/2007

House price growth was on the brink of grinding to a complete halt in July, with monthly inflation of just 0.1 per cent, the latest figures reveal.Thi...
Published: 26/07/2007

Buy-to-let properties are continuing to perform the function of providing affordable accommodation for many Britons, it has been claimed. Nigel Terrin...
Published: 25/07/2007

Recent rises in the interest rate have contributed to a reluctance among buyers to enter the property market, leading to a fall in prices of new homes...
Published: 25/07/2007

Young professionals would benefit from the availability of tailored mortgages that are designed specifically for their needs, it has been claimed.Acco...
Published: 25/07/2007

The mortgage lending market is beginning to undergo a change, with borrowers turning away from fixed rates and towards discounted and tracker options,...
Published: 24/07/2007

The Skipton Building Society has adjusted the criteria governing its lending of buy-to-let mortgages and claimed that the changes will make it easier ...
Published: 24/07/2007

The 'mini boom' that the UK property market has been experiencing is coming to an end, according to Rightmove, with the latest asking-price index show...
Published: 24/07/2007

The Royal Institution of Chartered Surveyors (Rics) has responded to the latest figures illustrating the rapid growth of house prices in London, descr...
Published: 23/07/2007

The average price of a property in London has broken the £300,000 barrier and is now above the inheritance tax (IHT) threshold, according to the ...
Published: 23/07/2007

Signs that the rises in the base rate are starting to trickle down to consumer activity are continuing to emerge, with the latest figures from leading...
Published: 23/07/2007

The British Bankers' Association (BBA) has released figures for the major British banking groups in June, revealing that mortgage lending was below tr...
Published: 20/07/2007

Halifax Bank of Scotland has increased its forecast for house price growth in 2007 from four per cent to six per cent.The group said that its adjustme...
Published: 20/07/2007

People looking for a first-time buyer mortgage should be considering the type of deal they are looking for and the cost of financing the loan, rather ...
Published: 20/07/2007

Strong figures from the Council of Mortgage Lenders (CML) will add to the monetary policy committee's conviction that another rise in the base interes...
Published: 19/07/2007

Mortgage lending hit a record level of £34.2 billion in June, compared to £31.4 billion in May, the Council of Mortgage Lenders (CML) has re...
Published: 19/07/2007

The Gordon Brown government is unlikely to make any significant changes that will make first-time buyer mortgages more accessible or make it any easie...
Published: 19/07/2007

The AA has claimed that many people on first-time buyer mortgages are getting themselves into difficult situations by failing to carry out simple chec...
Published: 18/07/2007

The finance industry is expecting an increase in the 100 per cent plus loan-to-value (LTV) mortgage and personal loan market, according to research.A ...
Published: 18/07/2007

Kensington has claimed that its range of self-certified mortgages offer a benefit to self-employed borrowers through the tailored features they offer....
Published: 18/07/2007

Scottish Widows has made a number of alterations to its range of home loans, with adjustments to its line of buy-to-let mortgages among them.The lende...
Published: 17/07/2007

The consumer price level of inflation decreased between May and June, the Office for National Statistics (ONS) has revealed, but this has failed to as...
Published: 17/07/2007

Cheltenham & Gloucester (C&G) has launched a new range of fixed-rate mortgages, with high loan-to-value (LTV) rates making some potentially in...
Published: 17/07/2007

People who are on the lookout for good first-time buyer mortgages are keen to purchase a home close to their parents, according to research.A Zurich I...
Published: 16/07/2007

UK annual house price inflation stood at 10.9 per cent in May this year, down from 11.3 per cent in April, according to the latest figures from Commun...
Published: 16/07/2007

People with buy-to-let mortgages saw returns of 13 per cent on their investment over the year to June 2007, according to figures from Birmingham Midsh...
Published: 16/07/2007

Concerns have been raised that the Bank of England's (BoE) decisions on interest rate rises have been taken on "gut feelings" rather than ha...
Published: 13/07/2007

Recent rises in the interest rate are having greater effects in some areas of the country compared to others, a credit agency has said.Five rate rises...
Published: 13/07/2007

A mortgages expert has revealed that first-time buyers are facing their toughest test yet in trying to get onto the UK property ladder.Michael Coogan,...
Published: 13/07/2007

Banks moved to throw their backing behind the comments of the chancellor Alistair Darling who said the government is to publish proposals to increase ...
Published: 12/07/2007

Following the announcement of the government's support for long-term mortgages, Nationwide has revealed a new deal which keeps the rate constant for 2...
Published: 12/07/2007

Mortgage lender Nationwide has announced that it will increase its base mortgage rate (BMR) from August 1st.The move comes as homebuyers struggle with...
Published: 12/07/2007

Bradford & Bingley has called for a review of stamp duty in the UK mortgage market, describing it as a "stealth tax".According to resear...
Published: 11/07/2007

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

Alliance & Leicester has revised part of its mortgage offering, with a package that has been "very popular" with first-time buyers among...
Published: 11/07/2007

The number of long-term fixed-rate mortgages lasting up to 25 years could grow under plans outlined by incoming chancellor Alistair Darling this week....
Published: 10/07/2007

While there has been recent political discussion about the value of long-term fixed-rate home loans, short-term fixed rates continue to be popular, pa...
Published: 10/07/2007

The pace of price growth in the UK property market eased in the second quarter of this year, but all regions still saw prices go up, according to the ...
Published: 10/07/2007

While buying a home may seem like a long-term investment, the average British person only stays in a property for around four years, according to new ...
Published: 09/07/2007

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

Many would-be homeowners could receive some help in getting their hands on a first-time buyer mortgage as a result of the recent smoking ban, accordin...
Published: 09/07/2007

The National Association of Estate Agents (NAEA) has expressed its concern that the property market may have levelled out before the June interest rat...
Published: 06/07/2007

The importance of providing comprehensive first-time buyer mortgages has been emphasised by Barclays, which claims that the burden on new homeowners i...
Published: 06/07/2007

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

Despite the fact that first-time buyer mortgages could be made more expensive by today's interest rate rise, new borrowers will not be deterred from e...
Published: 05/07/2007

Kensington has claimed that it is helping first-time buy-to-let investors by increasing the range of self-certified mortgages available to them.The le...
Published: 05/07/2007

The Bank of England (BoE) has increased the base interest rate to 5.75 per cent, meaning the rate has now climbed by over 1.25 per cent in less than a...
Published: 05/07/2007

The revelation by Halifax that house prices remained fairly subdued in June will not deter the Bank of England (BoE) from increasing interest rates, a...
Published: 04/07/2007

House prices increased at a monthly rate of 0.4 per cent in June, the second consecutive month of sub-0.5 per cent inflation, according to the latest ...
Published: 04/07/2007

Some homeowners may give consideration to remortgage deals to save themselves money if the base interest rate is increased this week, it has been clai...
Published: 04/07/2007

Recent events, with a new prime minister coming into office and terrorist attacks being narrowly averted, have changed the interest rate picture and m...
Published: 03/07/2007

Buy-to-let mortgage lender Paragon has dismissed fears that the property rental market could be headed for a downturn by revealing that average rents ...
Published: 03/07/2007

Economic analysis firm Global Insight has predicted that the Bank of England will increase the base interest rate to 5.75 per cent this week.The rate ...
Published: 03/07/2007

The Mortgage Works (TMW) has reviewed its range of buy-to-let and self-certified mortgages with the introduction of nine new products.In the lender's ...
Published: 02/07/2007

Standard Life Bank has revamped its offering of buy-to-let mortgages, with a number of enhancements being made to the lender's Freestyle range.Among t...
Published: 02/07/2007

First-time buyers (FTBs) are hindering their own attempts to get onto the property ladder by spending any money they save for a deposit, according to ...
Published: 02/07/2007