‘UK MORTGAGES are set for a strong recovery, with a leading analyst forecasting a near 13 per cent lift in advances during the next five years.
Gross advances in the UK residential market will grow 12.89 per cent to £324 billion in 2010 from £287bn last year, according to independent analyst Datamonitor.
However, it sounded a note […]
‘HOMEOWNERS are more than £10 billion a year worse off than in 1994 as a result of changes to the government tax policies, new research has found.
The Council of Mortgage Lenders (CML), which represents most of the UK’s banks and building societies, yesterday joined critics of Gordon Brown, who say that the Chancellor has squeezed […]
‘MORTGAGE lending to people with impaired credit histories is growing at twice the rate of the standard market, according to research published today.
Market analyst Datamonitor said strong growth in the sector was attracting major financial institutions and mainstream lenders into what had previously been a niche market.’
Read more at Fewer are denied mortgages
‘Rising house prices are hitting homeowners under the age of 25, with ownership in this category falling to its lowest level in 20 years.
A new report by the Council of Mortgage Lenders (CML) has also warned that this trend could have repercussions for the rest of the housing market.
The CML estimates that the price first-time […]
‘OFFSET mortgages make good financial sense - why pay 6% interest on your mortgage while your savings are languishing in a current account receiving 0.1% interest? Along with their sister products - current account mortgages - offset mortgages allow savers to reduce debt by balancing their savings against their mortgages.
The overall debt is reduced, as […]
‘Millions of homeowners have taken advantage of low mortgage and home equity loan interest rates to make home improvements or remodel their homes over the last several years. When they sell their homes, many of them are unable to recoup the money they put into the improvements. Not all home improvements are created equal, so […]
PFP Blog had a good article exploring the question of if you should rent or buy? They write:
‘According to a study prepared by Torto Wheaton Research for WSJ, “the gap between the cost of renting and the cost of buying in some markets is at its biggest since at least 1994, … and by some […]
‘RISING interest rates are a major concern for a growing number of Britons, according to research published today.
A poll by Bradford & Bingley found that 69 per cent fretted over rate hikes, while 32 per cent of mortgage holders said they would be worried if their monthly payments went up by £50.
Nearly a quarter - […]
‘Spring is right around the corner.
OK, it’s really a month off. But the signs are here: longer days, melting snow and - if you live in a neighborhood like mine - sprouting For Sale signs.
I won’t be surprised if this spring’s housing market becomes one of the hottest ever. Mortgage rates are still very low, […]
‘MORTGAGE arrangement fees have surged more than 40 per cent in the past six months, as lenders attempt to shore up profits amid cut-price loans.
The average fee on a UK mortgage deal has soared almost 42 per cent to £480 at the start of 2005 from £339 in July last year, a new industry survey […]