October mortgage lending rises

Thursday, November 20th, 2008

Mortgage lending rose by nearly 7% between September and October, figures from the Council of Mortgage Lenders show.

Rock arrears led by 125% loans

Tuesday, November 18th, 2008

Arrears on controversial home loans of up to 125% of the value of a property are driving Northern Rock’s repossession rate.

Glut of unsold homes hits rents

Tuesday, November 18th, 2008

A glut of unsold homes has flooded the home rental market, driving down rents at the fastest rate on record, surveyors say.

Problems looming for buy-to-let

Monday, November 17th, 2008

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.

How low will house prices go in 2009?

Monday, November 17th, 2008

Will house prices keep falling next year after the record drop in 2008?

Low-deposit mortgages evaporate

Friday, November 14th, 2008

The number of mortgage deals available for people offering a 10% deposit has slowed to a trickle, figures show.

Tracker deals returning to market

Thursday, November 13th, 2008

Major UK mortgage lenders have been reshuffling deals following the surprise drop in the Bank rate to 3%.

Mortgage squeeze ’stifles’ market

Tuesday, November 11th, 2008

Home sales are at a 30-year low as a lack of available mortgages “stifles” the housing market, an industry survey suggests.

Nationwide warns on house prices

Monday, November 10th, 2008

Britain’s biggest building society, the Nationwide, says it expects house prices to continue to fall in 2009/10.

Lenders heed calls for rate cuts

Friday, November 7th, 2008

The main mortgage lenders have started to respond to the government’s demand that they should cut their mortgage rates.