News Archive: Mortgages

21, 2008 August:

Dubai Introduces new mortgage law

The Dubai government introduces new mortgage laws to try and regulate the market.

20, 2008 August:

New build buyers must reveal all

From the 1st of September this year, anyone purchasing a new build property will have to disclose full details of any incentives received to their lender or mortgage broker

14, 2008 August:

Demand for rental property on the up

Many people are adopting a wait and see policy when it comes to purchasing a property, so the demand from tenants requiring rental properties is higher than ever

13, 2008 August:

Price drops on fixed rate mortgages

The cost of fixed rate mortgages is finally coming down, Bank of England figures have revealed

11, 2008 August:

Mortgage rescue scheme for the unemployed?

Expect a backlash this week from mortgage payment protection insurers...

Lenders blast repossession rate

UK mortgage lenders have been blasted for taking a tough stance with consumers over home repossessions

08, 2008 August:

Come on, Darling

Alistair Darling has been told to speed up measures to help the mortgage market

Query over interest rates create mortgage dilemmas

The uncertainty over the direction that UK interest rates will take has led to indecision over what kind of mortgage to go for

05, 2008 August:

Fixed rate joy for FTBs?

The cost of fixed-rate mortgages hit an eight-year high in June before falling back in July.

31, 2008 July:

UL mortgagees 'under threat'?

About 1.7 million people could be pushed into negative equity in the next year, a new report claims.

30, 2008 July:

BoE: No quick fix for mortgage misery

The Bank of England has released some sobering statistics about UK mortgage approvals.

28, 2008 July:

US: Foreclosure menace 'escalating'?

Foreclosures in the US have continued to be a major cause for concern over the last month.

24, 2008 July:

FTB market 'slowly increasing'?

New figures from the NAEA have revealed hope on the horizon for first time buyers.

US unveils mortgage rescue plan

There is new hope today for hundreds of thousands of homeowners battered by the US mortgage crisis.

23, 2008 July:

'Mediocre' mortgage advisors slammed

A huge number of mortgage advisers are doing a bad job and are putting buyers at risk, it has been claimed.

CML and FSA in fraud alliance

Two of the UK's leading financial associations have joined forces to fight mortgage fraud.

18, 2008 July:

CML: UK Mortgage market 'muted'

The mortgage squeeze continues to tighten with a further drop in lending, according to new figures.

15, 2008 July:

US: Fed battles lax lenders

New rules have been instituted to protect US consumers from unscrupulous lenders.

14, 2008 July:

Borrowers told to 'widen the net'

Lax homeowners could be overpaying by up to £18,000 over the life of their mortgages.

11, 2008 July:

FTBs facing winter of discontent?

The UK mortgage squeeze is not going to end any time soon, claims the Council of Mortgage Lenders.

07, 2008 July:

Thousands on the edge of the 'NE Abyss'

Problems are growing for almost 150,000 homeowners who took out mortgages in early 2007.

04, 2008 July:

BoE: Mortgage misery to mushroom

Problems in UK mortgage market could intensify over the next few months, claims the BoE.

01, 2008 July:

Connells: FTBs being 'frozen out'

The 'relentless pressure' on the UK mortgage market continues to cause problems for FTBs.

Bulgaria 'improving beyond recognition'

One major aspect of Bulgaria's property market appears to be going from strength to strength.

25, 2008 June:

A 'forced' solution to London's 'deadlock'?

Home sellers may be forced into drastic action if financial constraints get any worse, claims one company...

17, 2008 June:

CML: Mortgage misery 'will continue'

Despite positive figures in April, the UK's mortgage market is still on a downward spiral...

12, 2008 June:

Mortgages to Boost Brazil?

Economic stability and legal changes are making it possible for Brazil's working class to buy their own homes for the first time...

10, 2008 June:

FSA 'cracking the whip'

Dodgy mortgage brokers are running scared as the FSA continues its crackdown on fraud...

27, 2008 May:

Mortgage gloom 'unjustified'?

Prospective buyers should ignore the press negativity over mortgages, argues one expert...

16, 2008 May:

BSA: No quick fix for mortgage misery

Problems in the UK mortgage market are set to continue for a while yet, claims the BSA...

14, 2008 May:

CML: Mortgages decline...but it's not all bad

New CML figures reveal positives and negatives about the UK mortgage market...

23, 2008 April:

Another bank banishes BTL

Another leading bank has pulled the plug on its range of buy-to-let mortgages...

09, 2008 April:

Fixies fading away?

Mortgage trends are changing, and one particular product is falling our of favour...

07, 2008 April:

Mortgage madness will 'mushroom'

Home buyers in the UK are in for a rough time over the next 3 months, claims the BoE...

03, 2008 April:

UK mugged by mortgage meltdown

The UK mortgage market has taken a severe battering over the last few months...

12, 2008 March:

Mortgages: FTBs 'under the cosh'

The UK 'mortgage squeeze' is having a serious impact on first time buyers...

11, 2008 March:

Rabid remortgaging on the rise

Remortgaging is soaring as borrowers race to secure deals on competitive rates...

10, 2008 March:

Mortgages 'on the slide' again

January's slight recovery in mortgage approvals was cancelled out in February...

26, 2008 February:

Bank mortgage lending 'subdued'

Mortgage lending continued to be subdued in January...

14, 2008 February:

FSA targets Mortgage scam 'epidemic'

The FSA is determined to clamp down on mortgage fraud...

Sub-prime repo woe 'rising'

Sub-prime lenders are bringing more than half of UK repossession orders...

US 'reverse mortgage' alert

US lenders have been criticised over their reverse mortgage practices...

09, 2008 January:

UK mortgage market 'toughens up'

The UK mortgage market continues to show resilience to adverse credit conditions...

02, 2008 January:

Mortgage approvals hit the skids

Mortgage approvals fell by more than 40% in November, according to the BBA...

21, 2007 December:

Borrowers 'scrooged' by stingy banks

Many borrowers on variable rate mortgages will not benefit from this month's rate cut...

Mortgages hit by 'the big freeze'

Gross lending declined by 8% in November, providing more evidence of a housing slowdown...

12, 2007 December:

Fixies a 'safe bet' for the future

Fixed rate mortgages are around for the long haul, according to the CML...

Mortgages still on a downer

Mortgage affordability is continuing to deteriorate in the UK, says the CML...

14, 2007 November:

Mortgage lending 'on the slide'

Higher borrowing costs contributed to a decline in gross lending in September...