Building society follows RBS and NatWest’s lead, as mortgage and house price figures paint a picture of stabilityCoventry Building Society has become the latest lender to stop offering interest-only mortgages to borrowers, hot on the heels of RBS and N…
Posts Categorized: Housing market
Halifax Home Finder – consumer app of the week
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 …
House prices falling steeply, says Royal Institution of Chartered Surveyors
Downward slide evidence of faltering economic confidence, says group, but London house prices experiencing a ‘mini-boom’The early 2012 rebound in the housing market has run out of steam, according to Britain’s surveyors, who have reported price decline…
House prices take a tumble in April 2012
House prices fall 2.4% in April as Halifax warns of ‘challenging’ times ahead • House prices: what do the different indices show?House prices fell in April at their fastest rate for 20 months according to Halifax, knocking nearly £4,000 off the valu…
Mortgage lending up 20% in February
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…
‘Nation of renters’ warning from estate agency chief
Generation aged 18-34 risks being priced out of market unless government helps housebuyers, says head of CountrywideThe chief executive of the UK’s largest estate agent has renewed calls on the government to intervene in the housing market to prevent f…
Preventing another housing bubble must be Bank of England’s priority
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…
Mortgage borrowers face triple whammy, warns Bank of England
Lenders expect to reduce the amount of credit given to households, tighten lending criteria – and charge more for the loans, says Bank reportLenders expect to reduce the amount of credit they give to households in the second quarter of the year in a …
Nationwide tightens up on interest-only mortgages
Nationwide slashes LTV on its interest-only deals, raising fears it will leave thousands of borrowers as ‘mortgage prisoners’Nationwide building society has slashed the maximum loan-to-value (LTV) ratio on its interest-only mortgages from 75% to 50%, l…
Mortgage arrears and repossessions set to rise
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…