Mortgage News
RICS comment on CML July mortgage lending
Commenting on CML gross mortgage lending figures, Simon Rubinsohn, RICS chief economist said: "While the housing market still remains resilient, the turmoil in financial markets will push up mortgage costs for in vogue longer term fixed rate deals and will further slow the residential property market.
Mortgage lending hits new July record
Gross mortgage lending reached a new record for the month of July, totalling £34.4 billion, according to new data from the Council of Mortgage Lenders (CML).
First time buyers win with combined mortgage and personal loan
Three out of four mortgage brokers (73%) believe first time buyers will be the main beneficiaries of a combined mortgage and personal loan product, according to research by Alliance & Leicester Mortgages.
Coventry Building Society cuts fixed rates
On Thursday 16 August, the Coventry Building Society will cut the rates on its fixed offset and residential mortgages:-
Question of school fees to pay?
Parents of pupils starting secondary school this autumn could pay as much as £140,952 for their secondary school career.
Inflation bolt from the blue no reason to hang out bunting
Borrowers shouldn’t become complacent following today’s shock announcement of a sharp drop in inflation.
Buy-to-let sector remains buoyant
Borrowers took out 171,800 new buy-to-let mortgages, worth £21.2 billion, in the first half of 2007, according to data from the Council of Mortgage Lenders (CML).
First-time buyer numbers fall as affordability constraints bite
New data for June has revealed a fall in the number of first-time buyers, according to the Council of Mortgage Lenders.
First-time buyers turn to friends and family for mortgage advice
First-time buyers rely more on family and friends than mortgage brokers for advice on mortgages, according to new research from Abbey. The findings reveal that 23 per cent of first-time buyers used their relatives and friends as a primary source of information compared to 13 per cent who relied on mortgage brokers.
Consumer confidence prompts increase in variable mortgages
Despite the base rate rising for the fifth time in a year to 5.75% in July, the percentage of borrowers opting for variable mortgages increased by 50%, demonstrating a growing belief that interest rates have peaked and house price growth will level off in the second half of the year.
Tesco offers market-leading mortgage to Clubcard customers
Tesco Mortgage Finder is offering a limited number of competitive mortgages from Saffron Building Society exclusively to Clubcard customers.
Pick a mortgage champion rather than a relegation contender
With the start of the Premiership this weekend, John Charcol takes a look at the current fitness of the market and picks the mortgage winners and relegation fodder.
HSBC fee free mortgage
Julia Harris, Mortgage Expert at Moneyfacts.co.uk, comments: “With so much bad publicity surrounding rising arrangement fees and unfair exit charges and with many borrowers struggling to find the upfront costs needed to move home and find a new mortgage deal, its no wonder lenders are launching no fee mortgage deals.
Grab a best rate Giraffe and £1000 this August
Giraffe is adding to its best rate mortgages this August, by offering customers the potential to win £1000.
You don’t have to sacrifice a great mortgage rate to be green
With the financial services ‘green’ sector in it’s infancy, much has been made in recent articles about the fact that if your conscience wants to be green then you must pay a premium for this and you can expect your choice of products to be limited.