Mortgage repayments greater than borrowing for tenth quarter

Since the onset of the global financial crisis and the recession many homeowners in the UK have become far more savvy financially, and used the cut in the base interest rates to repay more of their mortgage debt by overpaying on their debt each month. Figures have shown that mortgage repayments soared in the three [...]

80 percent of regions seeing house price falls

According to official figures that have recently been released around 80 percent of regions in the UK are seeing falls in house prices, sparking concerns amongst industry officials that property prices will continue to fall over the course of next year. At present there is a marked lack of buyers for properties and an oversupply [...]

Interest rate increase could cause misery for homeowners

For nearly two years now the base interest rate in the UK has stood at just 0.5 percent, which is the lowest level it has ever been in the history of the Bank of England, which spans over three centuries. This has proven good news for many homeowners, who have seen their monthly repayments fall [...]

Variable rate customers should be mindful of rate rises

Since March of 2009 the base interest rate in the UK has been at its all time low of just 0.5 percent, which is the lowest it has been in the history of the Bank of England, which spans over three centuries. This has been great news for those on variable rate mortgages, as they [...]

Rental costs rise again

It has been reported that the cost of renting a property in the UK increased again in November, although the increase did indicate that there was a slowdown in rental price hikes. Rents have been rising for ten months in a row according to reports, with a number of factors contributing towards the high rental [...]

Mortgage lending to fall to lowest level in three decades

It has been claimed in a recent report that mortgage lending in the UK could fall to its lowest level in three decades, as some of the major UK banks are struggling to repay money that was used to bail them out. The prediction was made in a recent report, and the level of lending [...]

Greater choice of mortgages fails to impact on first time buyers

Over the past couple of years first time buyers hoping to get a mortgage and get onto the property ladder have faced one hurdle after another. Prior to the global credit crisis many first time buyers could get a mortgage but would have struggled to make repayments because property prices were still very high and [...]

50 percent fall in mortgage approvals in three years

Since the onset of the global financial crisis in 2007 the property and mortgage markets have been through some very turbulent times, and the financial sector as a whole has experienced many difficulties. Lenders have been restricting loans and mortgages by a huge amount, making it difficult for many people to get the finance that [...]

Supermarket giant joins CML

In years gone by the UK’s supermarkets were associated with groceries, household goods, and in more recent years furniture, electrical goods, and a variety of other products. However, many supermarkets now offer much more than they used to, and this includes a range of financial services and products, giving the consumer the chance to get [...]

Temporary mortgage respite for first time buyers

First time buyers in the UK have received temporary respite when it comes to getting a mortgage after the Financial Services Authority decided to review proposals that are set to shake up the mortgage industry and place increased restrictions on lenders when it comes to the approval of mortgage loans.
The UK’s financial regulator wants more [...]

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