Mortgages

First time landlords also feeling the pinch

Results from the Council of Mortgage Lenders this week have shown an increase in the number of loans taken by buy-to-let landlords in 2007.

Prepare for the largest ever peacetime liquidity crisis

David Kuo, Head of Personal Finance at Fool.co.uk, says: “Consumers are urged to heed the warning by Rachel Lomax that the present financial crisis will persist and possibly intensify.

Buy-to-let remains robust

In response to the CML’s data on the Buy-to-Let market, Peter Williams, Executive Director of IMLA, comments: "These figures indicate that the buy-to-let market remains buoyant, topping the one million mark in terms of loans outstanding, around 5% more than a year earlier.

moneysupermarket.com: Nationwide 25 per cent deposit

Commenting on Nationwide raising the minimum required deposit to 25 per cent for homeowners looking to access its best deals, Louise Cuming, head of mortgages at price comparison site moneysupermarket.com, said:

Buy-to-let lending up in 2007

New survey data from the Council of Mortgage Lenders shows that buy-to-let lending totalled £24.1 billion in the second half of 2007, up from £21.2 billion in the first half of the year and £20.8 billion in the second half of 2006.

The future looks bright for lifetime advice

New research from Mortgage Express, the specialist lender, has revealed that broker confidence in the lifetime sector is soaring, with 81% of brokers, who haven’t yet advised on lifetime, saying that they are planning to in the next year or further on into the future.

RICS: BBA January mortgage approval figures

Commenting on today's BBA (British Bankers Association) Simon Rubinsohn, RICS chief economist said: "While first-time buyers may be struggling to find finance to get a foot on the residential ladder, there are increasing opportunities to refinance for those who already own property.

Post Office cuts mortgage rate – again

The Post Office has made a further rate cut to its three year fixed rate mortgage taking it to 5.34 per cent, creating the best deal of its kind on the high street.

Just Retirement extends refund offer on equity release product

Just Retirement, the leading retirement solutions specialist, announces that it has extended the refund of the valuation fee on its market leading equity release product on all applications received until the 31st March 2008.

Mortgage lending strengthens

January’s mortgage lending strengthened a little and approvals for remortgaging were exceptionally strong, according to figures from British Bankers’ Association (BBA).

Northern Rock pulls its 125% LTV Together product

Michelle Slade, analyst at Moneyfacts.co.uk, comments: "It seem Northern Rock have finally given in to external pressures and pulled its high risk 125% LTV product.

Equity Release to date - What has changed?

Now that the dust around the new equity release figures for 2007 has settled, I would like to mention some of the highlights from the Key Retirement Solutions equity release market report which provides some exciting food for thought on the equity release market.