‘Mortgages & Property’ Category

Fixed-rate mortgages continue to fall

Posted in Banking, Mortgages & Property on Tuesday, April 24th, 2012 at 11:10 by Jessica Haynes.

Britons contending with issues of debt management have a basic decision to make whenever they decide to purchase a house.

Looming Stamp Duty Deadline Leads to Surge in First Time Buyers

Posted in Mortgages & Property on Tuesday, February 14th, 2012 at 11:27 by Jessica Haynes.

First-time homebuyers in the UK are exempted from paying Stamp Duty as long as their home purchase totals less than £250,000.

First Time Homebuyers Seek Affordable Housing in Falling Market

Posted in Mortgages & Property on Wednesday, December 28th, 2011 at 10:59 by Martyn Shaw.

Even though housing prices have continued to decline, 2011 marked a record low in first-time home purchases.  Fewer than 200,000 new buyers purchased a house during the past twelve months; this is the lowest annual number since data on the issue was first compiled, beginning in the mid-1970s. The decline in new mortgages issued also [...]

FSA Revises Plans to Limit Mortgage Availability

Posted in Debt, Mortgages & Property on Tuesday, December 20th, 2011 at 12:02 by Martyn Shaw.

In a move welcomed by many homeowners and prospective home buyers in the UK, the Financial Services Authority has backed away from proposed requirements that many feared would negatively impact the ability of many Britons to obtain mortgages.  The FSA’s plans as originally proposed could have eliminated interest-only mortgages completely and would also have made [...]

Low Interest Rates Spurs Increases in Mortgage Borrowing

Posted in Mortgages & Property on Wednesday, October 12th, 2011 at 09:36 by Martyn Shaw.

According to the Council of Mortgage Lenders, low interest rates during the month of August caused remortgage borrowing to rise by more than 30% as measured by both the number of remortgages and volume of funds lent, in comparison to the same month one year earlier.

Decline in Demand for Mortgages Drives Home Prices Down

Posted in Mortgages & Property on Tuesday, October 4th, 2011 at 11:56 by Jessica Haynes.

Housing prices have fallen for the 15th month in a row. The decline in September was 0.1%, which followed a 0.3% decline in August 2011 as computed by the Land Registry, the most complete compilation of property pricing data in the UK.

Lull in Mortgage Lending may Mean Time to Improve Your Circumstances

Posted in General, Mortgages & Property on Thursday, August 25th, 2011 at 10:31 by Jessica Haynes.

According to information released by the British Banker’s Association, mortgage lending was somewhat flat for the month of July 2011.

Mortgage Rate Wars may be to Your Benefit

Posted in General, Money Saving, Mortgages & Property on Friday, August 19th, 2011 at 09:39 by Jessica Haynes.

Along with the prices of homes decreasing in some areas, a number of lenders are also making some changes in the interest rates connected with fixed-rate mortgages.

Time to Sell Your Gold?

Posted in General, Money Saving, Mortgages & Property on Tuesday, August 16th, 2011 at 10:12 by Martyn Shaw.

Word that the price of gold is on the upswing has some people wondering if the time has come to look deep into the recesses of their jewellery boxes and part with some of their gold pieces that never see the light of day anymore.

Return of the 100% Mortgage Bodes Well for Some

Posted in General, Money Saving, Mortgages & Property on Friday, August 12th, 2011 at 11:44 by Martyn Shaw.

Once upon a time, potential homebuyers enjoyed the option of obtaining a mortgage that did not require some sort of deposit at the front end.