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: UK news
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…
Repossession day in court: ten minutes with a lawyer, five before a judge | Jon Robins
Legally-aided advice desk at Clerkenwell and Shoreditch county court is a vital service for clients who may lose their homesThere is something Dickensian about repossession day in our courts. Recently I spent a day Clerkenwell and Shoreditch county cou…
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…
Mortgage rates edge upwards
Fixed and variable rates have been increased by several lenders, so mortgage-hunters should look to grab a dealMortgage rates are creeping up, and whether you are sitting on your lender’s standard variable rate (SVR) or a homebuyer looking for a deal, …
Governments should help with mortgages to avoid prolonged slump
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
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
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…
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…