Mortgage & Finance Articles
Repo’s Fall
The total number of properties taken into possession by first charge mortgage lenders in 2011 was 36,200, the lowest annual total since 2007, according to new data from the Council of Mortgage Lenders. For the fourth quarter of 2011 the number [...]
Government To Control LTV?
Chancellor George Osborne is set to hand new powers to the Bank of England to regulate the mortgage market by allowing it to set loan-to-value ratio limits. The new powers would be aimed at controlling busts and booms, by banning [...]
95% Mortgage Back
Five years ago there were more than 800 different 95% mortgages available to first time buyers. When the financial crisis struck, they disappeared from lenders’ shelves almost overnight. But the first few weeks of 2012 are seeing a surprise turnaround – [...]
No Cash For New Homes
Borrowers and lenders do not expect the drought in development finance to recover for up to five years and will increasingly need to put more cash into deals and come up with more creative solutions to the liquidity crisis, according [...]
BTL Mortgage News
Barclays, through its mortgage arm Woolwich, is extending its range of buy to let mortgages to 75% loan to value (LTV) from today (Thursday 03 November), including a competitive five year fixed at 4.99%. It says that the 75% LTV [...]
Interest Rates Held
UK interest rates have been held at a record low of 0.5% by the Bank of England’s Monetary Policy Committee (MPC). Concerns about the strength of the economic recovery meant economists had expected rates to remain unchanged. And…. Un clench!
Tough At The Top
The Irish government prepares to take over on a mass, 103-room mansion in southern England after the owner have to pay a mortgage of £ 50 million. When Updown Court in Windlesham, Surrey, was put on the market for £70 million [...]
Interest Rates Held
The Bank of England’s Monetary Policy Committee (MPC) has kept UK interest rates on hold at a record low of 0.5%. Economists had expected no move in rates as the latest data has shown the UK economic recovery remains weak. [...]
Bank Of England Maintain Base Rate
It has been announced today that the Bank of England’s base interest rate will remain at 0.5 per cent for the 24th month in a row. The news will be music to homeowners ears as it means that mortgage repayments [...]
