October mortgage lending rises
Thursday, November 20th, 2008Mortgage lending rose by nearly 7% between September and October, figures from the Council of Mortgage Lenders show.
Mortgage lending rose by nearly 7% between September and October, figures from the Council of Mortgage Lenders show.
Arrears on controversial home loans of up to 125% of the value of a property are driving Northern Rock’s repossession rate.
A glut of unsold homes has flooded the home rental market, driving down rents at the fastest rate on record, surveyors say.
Some 20% to 40% of buy-to-let landlords will be in negative equity if house prices keep falling at current rates, a report says.
Will house prices keep falling next year after the record drop in 2008?
The number of mortgage deals available for people offering a 10% deposit has slowed to a trickle, figures show.
Major UK mortgage lenders have been reshuffling deals following the surprise drop in the Bank rate to 3%.
Home sales are at a 30-year low as a lack of available mortgages “stifles” the housing market, an industry survey suggests.
Britain’s biggest building society, the Nationwide, says it expects house prices to continue to fall in 2009/10.
The main mortgage lenders have started to respond to the government’s demand that they should cut their mortgage rates.