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…

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…

Mortgage arrears and repossessions set to rise

Posted by & filed under Borrowing & debt, Business, Financial Services Authority (FSA), First-time buyers, guardian.co.uk, House prices, Housing market, Money, Mortgage arrears, Mortgages, Negative equity, News, Property, Repossessions, UK news.

Council of Mortgage Lenders’ forecast for 2012 predicts a deterioration in number of borrowers behind on their mortgages, and greater pressure on household budgetsRising unemployment and increased pressure on household budgets will lead to more borrowe…

Home repossessions jump by 17%

Posted by & filed under Borrowing & debt, Business, Communities, First-time buyers, guardian.co.uk, Housing, Housing market, Money, Mortgages, News, Property, Repossessions, Society, UK news.

FSA data shows a rise in repossessions for the first time in more than a yearHome repossessions have risen for the first time in more than a year, jumping 17% in the first three months of 2011, according to official figures.The data, issued by the Fina…