Mortgage news

Warning over catalogue debt issues

23/05/12
More people are showing signs of struggling with catalogue debts than they are with payday loans, mortgages or rents, a charity warned today.

House prices slump in N. Ireland

22/05/12
A report by the Office for National Statistics (ONS) has found that house prices have dropped by more than 10 per cent in Northern Ireland...

Increase in downsizers recorded

22/05/12
More people are looking to downsize rather than upsize their home in the current economic climate, new statistics have shown.

Stamp-duty holiday pushes up prices

17/05/12
A surge of first-time buyers nudged the average house price up in March north of the border, during a rush to beat the stamp duty deadline, according to a report.

Stamp duty rush sparks mortgage run

16/05/12
New research shows the race to take advantage of the stamp duty concession before it ended led to a 74 per cent spike in lending to first-time buyers in March.

Prices rise faster in seaside towns

14/05/12
A new study has found that price of houses in seaside towns have risen at a higher rate over the last ten years than prices across the country as a whole.

Mortgage prices on the increase

14/05/12
Mortgage prices are showing signs of rising again as lenders increase their rates for new customers, recent figures show.

Housing market slows after March

09/05/12
The recent property market boom has slowed over the past month or so after a brief upturn in March, according to new data.

Halifax records house price fall

08/05/12
House prices fell by 2.4 per cent in the UK on average last month, according to new research.

Gross mortgage lending on the rise

04/05/12
A new report reveals building societies' gross mortgage lending rose by more than a half in the third month of this year in contrast to 2011's March figures.

House prices fall in soft UK market

03/05/12
A new study has revealed that UK house prices have fallen for the fourth month in the last five, describing the market as "soft".

Mortgages remain tough to obtain

03/05/12
Mortgage availability remains a major issue as new statistics show approvals are still a long way below the long-term average.

Co-op ends interest-only mortgages

02/05/12
Borrowers seeking mortgages will now have even more of a limited choice as the Co-operative Bank ended its series of interest-only mortgages.

Property prices increase by 0.1%

01/05/12
New figures show that strong demand in London and the South has driven up UK house prices for the second consecutive month.

Top-end homes 'immune' to recession

30/04/12
New research suggests that the number of houses worth seven-figure sums sold in 2011 reached a record high - in spite of the ailing property market.

First time buyers' five-year plan

26/04/12
If you are planning to start climbing the housing ladder in the near future, are you one of the optimistic 12 per cent who...

Homeowner confidence on the rise

25/04/12
British homeowners expect house prices to rise over the next six months, following an encouraging start to the year for the housing market.

House price confidence 'on the up'

25/04/12
Consumers are more confident than they have been for at least a year that house prices will go up over the coming months...

Mortgage lending soared in March

24/04/12
Mortgage lending hit a six-month high in March due to the surge in first time buyers wanting to beat the stamp duty deadline...

Homeowners in 'difficult position'

23/04/12
It is forecast that many homeowners will struggle with interest-only mortgages in light of the rate increase next month.

Average property prices tumble

19/04/12
The average residential property is now worth 1.7 per cent or £3,708 less than at the end of 2011 at £215,436.

Rise in mortgage fraud recorded

19/04/12
A record number of mortgage applications were found to be fraudulent in 2011 as people attempted to distort their personal information, Experian has said.

House prices 'see limited rise'

18/04/12
The UK housing market has seen average property prices experience modest rises in recent months, figures show.

Mortgage cost rise for first-timers

17/04/12
The proportion of income spent on mortgages by first-time buyers has risen from 12.1 per cent to 12.5 per cent, the first rise for nearly a year.

Key workers can afford to live in 40% of towns

16/04/12
Some 40 per cent of towns are now affordable for nurses, teachers and police officers to live in.

Asking prices hit 'all-time high'

16/04/12
The average price of a new property hitting the housing market has reached an all-time high, according to the Rightmove House Price Index.

Mortgage lending down as costs rise

13/04/12
Banks' increasing funding costs have fueled a sharp drop in mortgage approvals to their lowest levels since December 2010, a survey has revealed.

Company bosses' money woes revealed

11/04/12
One in 20 owners of small businesses have remortgaged their homes in order to be able to pay their staff and avoid making workers redundant, new figures suggest.

House sales 'lowest since 2008'

10/04/12
House sales are down in England and Wales to their lowest levels since 2008, and the majority of these sales are in the North.

PM promotes right-to-buy scheme

04/04/12
The Prime Minister has met social housing residents who hope to purchase their homes in south west London, to promote the launch of the rebooted 'right-to-buy' scheme.

Mortgage rise for Co-op borrowers

03/04/12
Around 54,000 customers at the Co-operative Bank are facing a rise in mortgage payments after the mutual became the latest provider to push up its cost of lending.

City properties 'more affordable'

03/04/12
City properties have reached their most affordable level in almost 10 years, new research suggests.

Returns on home improvements drop

02/04/12
Making home improvements usually goes hand in hand with a rise in property prices, but homeowners are being warned these financial returns have lowered.

Strict interest-only mortgage rules

28/03/12
Tighter restrictions for those looking to take out new interest-only mortgages have been announced by Royal Bank of Scotland (RBS) and NatWest.

Skipton BS to end 95% LTV deals

27/03/12
Skipton Building Society has announced that it is temporarily withdrawing from the 95% loan-to-value (LTV) lending market.

Top-end home sales 'have fallen'

26/03/12
Top-end property sales were already tailing off months before the stamp duty hike announced in the Budget, figures have shown.

Homes near top schools are 'pricey'

26/03/12
House buyers seeking a new place near leading state primary schools in England are expected to pay more than the average home value, a report has found.

Consumer confidence at all time low

23/03/12
Nationwide's consumer confidence index fell back last month to well below its average, giving an indication of a general sense of pessimism among the public.

Further rise in mortgage lending

21/03/12
Mortgage lending has risen in year-on-year terms for the seventh consecutive month, figures show.

Stamp duty holiday 'cuts rents'

16/03/12
The rush by first-time buyers to beat a stamp duty holiday deadline has triggered a short-term dip in rents, a lettings network has said.

23% rise in first-time home buyers

14/03/12
There was a 23 per cent leap in the number of first-time buyers in January with 13,200 mortgages - worth a total of £1.6 billion - taken out, according to the Council of Mortgage Lenders (CML).

Right-to-buy scheme to be rebooted

12/03/12
The 'right-to-buy' scheme is to be revived by offering tenants in council housing a reduction of up to £75,000 to buy their homes, Prime Minister David Cameron has announced.

New housing scheme set to launch

12/03/12
Homebuyers will soon benefit from a new Government project which allows them to buy homes at lower rate deposits.

MPC unlikely to raise base rate

08/03/12
The Bank of England is likely to hold the UK base rate at 0.5% today, marking the three year anniversary of the record low rate.

Average UK house price 'unchanged'

06/03/12
Largely unchanged market conditions have kept the average UK house price at broadly the same level seen last spring.

Family loans 'rise to £13,000'

05/03/12
Parents and grandparents are having to give or lend almost £13,000 to younger family members to help them pay off debts or get a mortgage, a new study suggests.

Lenders increase mortgage rates

05/03/12
Halifax has announced it is to increase the cost of its mortgages just a day after RBS-Natwest revealed it is raising the cost of borrowing on some of its products.

£2.15bn increase in UKAR repayments

02/03/12
UK Asset Resolution (UKAR) increased its repayments to the Treasury by £2.15 billion in 2011, as part of its ongoing efforts to wind down the mortgage books of Northern Rock and Bradford & Bingley.

Property prices increase by 0.6%

01/03/12
A new survey has revealed that house prices reached an average of £162,712 in February, reflecting the largest month-on-month increase in almost two years.

Mortgage approvals at 25-month peak

01/03/12
First-time buyers racing to benefit from the stamp duty holiday which ends in March have helped to boost mortgage approvals to their highest level for 25 months, with 58,728 home loans approved in January.

Stamp duty rush sparks interest

28/02/12
The housing market has seen an increase in buyer interest but the authors of the Hometrack study said it was an "artificial boost."

Mortgage approvals show increase

24/02/12
A monthly banking report has revealed that the number of mortgage approvals for house purchases has reached a two-year high as consumers look to take advantage of the current stamp duty holiday.

Mortgage lending up 10 per cent in January

20/02/12
The upcoming end of the Government's stamp duty holiday has prompted a surge in house sales among first-time buyers, figures suggest.

North-south house prices divide

20/02/12
The North-South divide remains, with house prices in some parts of Northern Ireland being slashed by half, and others in southern England managing to weather the economic storm.

UK renters 'stay put for longer'

17/02/12
UK tenants are occupying rented housing for record durations, according to new research.

Call for longer stamp duty holiday

17/02/12
A group of property experts has branded the Government "stubborn", and called for it to extend the stamp duty exemption for first-time buyers.

Post office cuts mortgage rates

First-time buyer loans 'on the up'

Worst housing issues 'yet to come'

Home asking prices slashed by 7.5%

Mortgage payments 'lowest in years'

Many 'expect house price rises'

Cornish Second Homes Most Popular

Housing market 'favouring buyers'

London bucks house prices trend

Owning 'cheaper than renting'

UK house prices fall further

Housing market to remain stagnated

Further mortgage lending increase

23/01/12
The deep freeze on mortgage lending appears to be thawing, as lending increased year-on-year for the fifth month in a row in December.

Slow start for home purchase scheme

24/01/12
The Government's First Buy Shared Equity initiative got off to a slow start when it was launched in September...