An estimated 1.5 million loans worth around £120bn are due for repayment in the next decade but with lenders much stricter about their lending criteria, there are fears that many will struggle to find another deal. A string of lenders [...]
Higher mortgage payments are coming for more than a million home owners when lenders impose rate hikes from the start of next month. The worst increases will be felt by Halifax customers, who could typically find themselves paying nearly £200 [...]
Mortgage rates are creeping up, and whether you are sitting on your lender’s standard variable rate (SVR) or a homebuyer looking for a deal, you need to proceed with care. A string of lenders, including Halifax, Bank of Ireland and [...]
I was lucky enough to sell one property for an amazing £2 million back around 2003, but let’s face it, there’s not many in Lancashire. Further down the M6 it was a different story… The London property market plunged into [...]
We don’t believe in reporting bad news, however, when millions of families face rising mortgage interest rates that will add £300 a year to the cost of a £100,000 home loan, it needs to be said. The RBS-NatWest group is [...]
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 [...]
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 [...]
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 – [...]
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 [...]
