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News in Mortgages
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Mortgage lending hits £11.7 billion
The total amount of loans property investors are taking out for a mortgage has hit £11.7 billion, according to new research by the Council of Mortgage Lenders (CML).
Figures from the organisation found that for December 2011 there had been a 12 per cent drop from November's total of £13.2 billion however it was a 12 per cent rise from the same time in the previous year.
Recent research from Halifax revealed that mortgage rates were at the lowest level for 14 years but property company Rightmove revealed that just a fraction of new homes have come on the market since the turn of the year.
The CML said that total lending for the last quarter of 2011 stood at £37.4 billion up on the 2010 figure of £33.6 billion.
Bob Pannell, chief economist at the organisation, said: "The closing months of 2011 saw stronger mortgage lending activity and housing transactions, despite the fact that short term economic prospects are challenging. There is a glimmer of light ahead for households in that real incomes could stabilise and perhaps even start rising by the end of the year." More »
By Jonathan Dawes, Mortgages - Tue 24 Jan 2012
Availability of buy-to-let mortgages increases 104% since 2008
The number of buy-to-let mortgages available in the UK has grown by 104 per cent in the last three years, according to figures from Defaqto. More »
By Jonathan Dawes, Mortgages - Wed 26 Oct 2011
Lenders 'finding it difficult to offer long-term fixed-rate mortgages'
Lenders could find it impossible to offer 30-year fixed-rate mortgage deals with attractive terms in the current marketplace. More »
By Jonathan Dawes, Mortgages - Mon 24 Oct 2011
Mortgage: Scottish first-time buyers' initiative gets an extra £4.65m
A scheme to help first-time buyers get onto the property ladder has been given additional funding, according to the Scottish government. More »
By Jonathan Dawes, Mortgages - Thu 13 Oct 2011
Struggling with mortgage repayments? Contact your lender
Brits struggling to make their mortgage repayments should consult their lenders at the first sign of trouble. More »
By Jonathan Dawes, Mortgages - Thu 22 Sep 2011
SVR mortgages 'still the most popular in the UK'
Standard-variable-rate (SVR) mortgages are still the preferred option for property owners, according to research by unbiased.co.uk. More »
By Jonathan Dawes, Mortgages - Wed 21 Sep 2011
Help available for Brits struggling with mortgage repayments
British homeowners struggling to make their mortgage requirements can find help from a number of sources, according to What Mortgage. More »
By Jonathan Dawes, Mortgages - Fri 16 Sep 2011
Govt must help FTBs access mortgages to get on the property ladder
The government must do more to make it easier for first-time buyers (FTBs) to access a mortgage and get onto the property ladder, it has been claimed. More »
By Jonathan Dawes, Mortgages - Wed 14 Sep 2011
Mortgage lending in value and volume up in July
Overall landing for property purchases increased in both volume and value during July when compared with June, according to the Council of Mortgage Lenders (CML). More »
By Jonathan Dawes, Mortgages - Mon 12 Sep 2011
Mortgages: Parents look for properties in school catchment areas
Parents looking to buy a new property say that getting a dwelling in the catchment area of a good school is important. More »
By Jonathan Dawes, Mortgages - Tue 23 Aug 2011
UK's average age for first-time property buyers is 35
The average age of a UK first-time home buyer getting a mortgage has risen by eight years since the 1960s. More »
By Jonathan Dawes, Mortgages - Mon 22 Aug 2011
Mortgage lending marginally down in July
The amount of home loans issued in July was marginally lower than figures from the previous month, according to the Council of Mortgage Lenders (CML). More »
By Jonathan Dawes, Mortgages - Thu 18 Aug 2011
Companies must work together to cut down mortgage fraud, says CML
Mortgage lenders will have to continue being vigilant with the loans they make available to try and cut down on the amount of fraud cases. More »
By Jonathan Dawes, Mortgages - Fri 12 Aug 2011
First-time buyer mortgages hit 10 month high in June
The number of mortgages issued to first-time buyers in June was the highest it has been in ten months, according to the Council of Mortgage Lenders (CML). More »
By Jonathan Dawes, Mortgages - Wed 10 Aug 2011
Brits can save for a mortgage deposit
Potential first-time buyers trying to save up for a deposit for a mortgage should make the most of their Individual Savings Account (Isa) allowance. More »
By Jonathan Dawes, Mortgages - Mon 8 Aug 2011
Only 14% of UK non-homeowners saving for a mortgage deposit
Only 14 per cent of non-home owning Brits are saving for a deposit to help them get accepted for a mortgage. More »
By Jonathan Dawes, Mortgages - Mon 1 Aug 2011
Number of 90% LTV mortgages up since June
The number of mortgages available for UK first-time buyers with a ten per cent deposit are at their highest level since November 2008. More »
By Jonathan Dawes, Mortgages - Tue 19 Jul 2011
Mortgages: House prices unlikely to rise to previous levels until 2020
Potential home buyers looking for a mortgage have been told property prices are unlikely to recover and peak to previous levels until 2020. More »
By Jonathan Dawes, Mortgages - Tue 12 Jul 2011
Mortgage lending and house buying up in May
The number of house purchases and remortgaging both increased during May, according to figures from the Council of Mortgage Lenders (CML). More »
By Jonathan Dawes, Mortgages - Mon 11 Jul 2011
