Mortgage News
CML: Bank of England March lending data
Net mortgage lending was mildly positive at £84 million in the first quarter of this year, according to today's Bank of England lending statistics.
KRS express concern at increase in average equity release loan
Key Retirement Solutions today react to the SHIP quarter 1 figures for 2009 which reveal an increase in the average equity release loan size over the same period of 2008.
Building society mortgage approvals rise
Mortgage approvals by building societies in March were £1,542 million compared to £742 million in February.
Headline mortgage rates aren't always best buy
With house purchase lending edging up, Yorkshire Building Society urges consumers to look at the true cost of a mortgage, rather than a headline-grabbing rate.
RICS: March mortgage approval data
Commenting on the British Bankers Association mortgage approval data, Simon Rubinsohn RICS Chief economist said: "Data released from the British Bankers Association show that the number of mortgage approvals for house purchase slipped back in March following three successive monthly increases.
Mortgage approvals weakened in March
All measures of the banks’ mortgage lending in March were marginally weaker than in February, according to the British Bankers Association (BBA). Overall consumer credit was little changed and personal deposits remained weak. Lending to non-financial companies fell by about £1.0 billion, largely reflecting the unwinding of takeover finance.
The Co-operative Bank sees 50% fall in repossessions
Against a backdrop of the mortgage industry prediction of 75,000 repossessions this year, new figures from The Co-operative Bank Mortgages show that despite the current economic climate, the number of repossessions at The Co-operative Bank has actually halved over the past 12 months.
The Co-operative introduces changes to mortgage range
The Co-operative Bank is pleased to confirm positive changes for the 3 Year Discount Mortgage and the re-launch of the 3 Year Fixed Rate Guarantor Mortgage.
The budget a step forward for first time buyers
The Co-operative Bank welcomes the budget announcement by the Government to help support first time buyers getting on the property ladder.
Budget support for house buyers not enough
The Association of Mortgage Intermediaries (AMI) has responded to today's Budget statement from the Chancellor of the Exchequer.
March mortgage lending rises
Gross mortgage lending was an estimated £11.5 billion in March, a 16% rise from £9.9 billion in February but a 52% decline from £24.2 billion in March 2008, according to new data from the Council of Mortgage Lenders.
AMI - more action required to support mortgage market
The Association of Mortgage Intermediaries (AMI) has today published its latest Quarterly Economic Bulletin that sets out its view of the economy, including the mortgage and housing markets.
Homeowners warned to be wary as HMS scheme is announced
Commenting on the Governments statement, Richard Mason, managing director at Moneyextra.com says: "Struggling homeowners need to look beyond the hype and be wary of burying their heads in the sand; this scheme is not a get out of jail free card, and arrears will still need to be repaid.
Charcol: Fixed rate applications surge to 8 out of 10 new mortgages
The first quarter of 2009 has seen one of the biggest ever changes in the take up of fixed rates according to a new monthly mortgage index from leading UK mortgage broker John Charcol.
Fee free deals highlight need to check total cost of mortgage
Andrew Hagger of Moneynet.co.uk emphasises the importance of establishing the true or total cost of a mortgage deal rather than being influenced by a low rate or a low or free fee deal.