Nationwide’s mortgage overpayment rules exclude loyal borrowers

Posted by & filed under Banks and building societies, Business, Money, Mortgage rates, Mortgages, Nationwide, News, Property, The Guardian, UK news.

‘Kick in teeth’ for existing borrowers as 10% overpayment allowance introduced for new Nationwide customers onlyNationwide has increased the amount borrowers can overpay on their mortgages, but only for new customers – prompting anger among some exis…

First-time buyer mortgage lending rose 74% before stamp duty axe

Posted by & filed under Business, First-time buyers, guardian.co.uk, Housing market, Money, Mortgage lending figures, Mortgages, News, Property, UK news.

Number of mortgages advanced to first-time buyers in March hit 24,000, with 98% taking out repayment loansThe end of the stamp duty holiday on homes costing between £125,000 and £250,000 led to a surge in activity in the mortgage market in March, acc…

Halifax Home Finder – consumer app of the week

Posted by & filed under Android, Apps, Business, Features, guardian.co.uk, House prices, Housing market, iPhone, Mobile phones, Money, Mortgages, Property, Smartphones, Technology, Telecoms.

A property search, house prices and mortgage rates all in one place – is this the ultimate homebuying/snooping app?App: Halifax Home FinderBy: The app was built by design company Grapple (which we wrote about here)Price: FreeAvailable on: iOS 4.0 or …

Mortgage lending up 20% in February

Posted by & filed under Banks and building societies, Business, First-time buyers, guardian.co.uk, Housing market, Money, Mortgage lending figures, Mortgage rates, Mortgages, News, Property, UK news.

Rise in first-time buyer numbers behind overall increase in lending for house purchases, CML figures suggestMortgage lending for house purchases was up by 20% year-on-year in February, but lenders said the increase may have been fuelled by changes to s…

Governments should help with mortgages to avoid prolonged slump

Posted by & filed under Borrowing & debt, Business, Economics, Financial crisis, Financial sector, Global economy, guardian.co.uk, IMF, Money, Mortgage arrears, Mortgages, News, UK news, United States, World news.

Rapid buildup of household debt during boom leads to deeper downturn when bubble bursts, World Economic Outlook arguesGovernments should step in to help struggling households write off part of their mortgages in the wake of a financial crisis to avoid …

Preventing another housing bubble must be Bank of England’s priority

Posted by & filed under Analysis, Bank of England, Business, Economics, House prices, Housing, Housing market, Money, Mortgage lending figures, Mortgage rates, Mortgages, Quantitative easing, Society, The Guardian, UK news.

Three boom-busts in 40 years are testimony to the failure of trying to control the housing market through interest rates aloneEaster is traditionally when the housing market comes out of hibernation – and if ever there were a time when it might be im…

Co-operative raises mortgage costs for 54,000 borrowers

Posted by & filed under Banking, Banks and building societies, Business, Co-operative Group, guardian.co.uk, Money, Mortgage rates, Mortgages, News, Property, UK news.

Bank joins Halifax, Bank of Ireland and Clydesdale and Yorkshire banks in raising its standard variable rate, which will rise to 4.74% in MayThe Co-operative Bank has become the latest lender to increase the standard variable rate (SVR) it charges mort…