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Paragon to reopen for new business
Paragon, the buy-to-let lender that mothballed its business in the financial crisis, hopes to start lending again this year, amid signs that the securitisation market is opening up again.
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America’s one in ten still suffering in loan crisis
More than one homeowner in ten in the United States missed at least one mortgage payment in the first quarter of the year, setting a record that suggests America’s housing and repossession crisis is...
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Funding gap causes mortgage lending to dive
Gross mortgage lending plummeted 12 per cent between March and April, as lenders urged the coalition Government to address the funding gap they say is holding them back.
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SFO ends investigation of property tycoon
A Yorkshire property tycoon accused of involvement in a multimillion-pound fraud will not face charges after a three-year investigation was dropped, it emerged today.
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Eurozone fears hit mortgage bills
HOMEOWNERS who took out mortgage deals with private banks, and buy-to-let investors, could be facing higher repayments as debt fears in the eurozone spread to Britain’s banks.
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And now here’s some good news
HOME information packs (Hips) are to be scrapped, the government announced last week, in a move welcomed by homeowners.
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Mortgage lending slows as housing market stalls
Mortgage lending rose at its slowest pace for nine years in April, as the housing market failed to ignite for the traditional spring selling season.
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Cameron offers no comfort on Capital Gains Tax
The Prime Minister this morning gave no immediate reassurance to hundreds of thousands of stock market speculators and second home owners who are scrambling to offload their assets to avoid the threat...
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C&G pushes up rates for new customers
Cheltenham & Gloucester (C&G), part of the Lloyds Banking Group, has hiked its standard variable rate (SVR) for new mortgage customers, potentially raising the cost of monthly repayments on a...
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Landlords set for all pain and no gain
Buy-to-let (BTL) investors face a “perfect storm” as they struggle to make ends meet in a dramatically changed economic landscape. Lending to BTL borrowers has fallen off in the past three years,...
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Borrowers face new hurdles as lenders bring in tougher rules
Buyers returning to the housing market and homeowners trying to remortgage face an increasingly complex maze of rules and criteria imposed by mortgage lenders. Only this week a homeowner from Cornwall...
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Estate agent in commission row
Hamptons International has been accused of “entrapping” landlords with an undisclosed commission charge.
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Fix now before mortgages soar
BORROWERS have been warned that mortgage costs could soar over the next two years even if Bank rate remains on hold, pushing up repayments by as much as £3,000 a year on a £200,000 home loan.
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House prices level out
After rapid gains in the past 12 months, house prices have begun to stabilise, with the rate of growth slowing in April as more properties came on to the market and buyers waited for the outcome of the...
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Where is Britain’s housing market heading from here?
House prices could be set for a slowdown in the second half of the year after figures from Halifax showed they fell by 0.4% last month.
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Money Made Easy
BUILDING societies have been quietly increasing mortgage costs for new and existing borrowers despite the ongoing freeze on official interest rates.
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Demand for reform of leasehold law
Lawyers have called for a tightening of the rules on leaseholds, reporting that some freeholders are taking advantage of homeowners who do not understand their rights on lease extensions.
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Q&A: house prices and mortgages
Marcus Dixon, associate director of Savills Residential Research, Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, and Aaron Strutt of Trinity Financial Group, will be...
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Mortgage rates at record low
The cost of the most popular mortgage deals fell again last month to the lowest level on record, it was announced today, as brokers welcomed an innovative new deal for first time buyers.
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Woolwich and Bovis Homes to offer 90 per cent deals
The hopes of first-time buyers and borrowers with a small deposit have been given a boost by a new deal from Woolwich, the mortgage brand of Barclays.
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