Mortgages
moneysupermarket.com: Homeowners facing negative equity
Commenting on the CML figures showing two million households have either negative equity, or too little equity, to finance a house move, Louise Cuming, head of mortgages at moneysupermarket.com, said: "Negative equity is a serious business, but unless you plan to move home in the very near future it is nothing to panic about.
First time buyers and remortgagers need a hefty 30% deposit
Moneyextra.com mortgage index reveals the average loan-to-value rates has hit a two year low, along with the actual number of mortgage loans available.
Mortgage rejections increase fourfold in two years
Mortgage declines have increased by nearly 400 per cent in the past two years, according to figures from moneysupermarket.com.
Housing equity through the downturn
At the depth of the last housing market recession in 1993, 1.5 million households or more were estimated to have negative equity.
Alliance & Leicester extends fee-free range
On Friday 17 April, Alliance & Leicester is extending its range of fee-free mortgages with the launch of 3 and 4-year fixed rate remortgage and homebuyer deals, which are available up to 75 per cent LTV through all channels.
New generation of Kidults living rent free in the UK
Research from Abbey Mortgages, reveals a new breed of 18-34 year olds who are living rent free with friends or family. The research reveals that there are over 1.6 million Kidults in this age group that currently rely on friends or family, reflecting the extent to which the credit crunch has impacted on people's finances.
House purchase lending edges up, remortgaging declines
The number of house purchase loans ticked up in February, according to new data from the Council of Mortgage Lenders.
AMI calls for further Government action for the mortgage market
The Bank of England has decided to keep Interest rates at 0.5%. In response the Association of Mortgage Intermediaries (AMI) has called for further Government action to help consumers.
moneysupermarket.com: Base rate held at 0.5%
Louise Cuming, head of mortgages at moneysupermarket.com commented: "The decision to keep the Bank of England base rate on hold at 0.5 per cent was no surprise. It is expected to remain at this level for the foreseeable future but the next move is likely to be upwards.
Now the start of many months of bank rate stability
Ray Boulger of leading UK mortgage broker John Charcol comments, "After a record run of six months of cuts, today's unchanged bank rate decision was widely expected after Mervyn King's comments last month on the very limited benefits of any further cuts.
moneysupermarket.com: HSBC's mortgage funding allocation
Commenting on HSBC's move to allocate £1 billion of funding to its new mortgage range, Louise Cuming, head of mortgages at moneysupermarket.com, said; "HSBC continues as one of the few lenders actively seeking to steer the mortgage market at the moment.
Lloyds TSB and C&G to pass on any rate cut
Lloyds TSB and Cheltenham & Gloucester will pass on any base rate cut to existing variable and tracker customers.
HSBC allocates £1 billion to new range of mortgages
From Tuesday April 14th, HSBC is launching a new range of competitive mortgage products with loan-to-value (LTV) maximums of up to 90 per cent, backed with £1billion of funding.
Abbey launches market leading four-year fix for first-time buyers
On Friday 3 April, Abbey is launching a four-year fix at 5.84 per cent exclusively for first-time buyers, available up to 85 per cent LTV and with a fee of £495.
Borrowers get smart
Homeowners taking advantage of falling rates open themselves up to better mortgage. Commenting on Bank of England figures showing homeowners cutting their mortgage debt, Louise Cuming, head of mortgages at moneysupermarket.com, said: "People seem to have seen the light when it comes to their money, and are becoming more astute with their finances.