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Mortgages News

Listing 597 articles over 60 pages

Mortgage Defaults Continue To Fall In UK

The Bank of England has today issued a report confirming that mortgage defaults and loan defaults from the business arena are continuing to fall, following the trend in the mortgage market which began last year. The latest report covers the period from April 2010 to June 2010 and has proven to be very encouraging in relation to the UK economic situation. However, what can we expect in the future?

Searching For That Elusive Mortgage Deal

Despite the fact that the UK property market is still struggling to pull away from the after effects of the recession there are still a number of very attractive mortgage deals available. The popular press has made much mention of growing competition in the mortgage industry although it can be difficult to find a deal which best suits your situation and your requirements. It may take some time, it may not be easy but the increase in competition in the sector is starting to pay dividends again for house buyers.

BBA Confirms Increased Mortgage Lending In May

The British Bankers Association (BBA) has today confirmed that May saw an increase in mortgage approvals compared to April and March. When you consider that members of the BBA account for around 75% of new mortgages in the UK the indication is that UK mortgage lending continues to recover. So how will this impact upon the UK property market?

How Many UK Mortgages Are At Risk?

There is no doubt that the UK property market has not performed as well as many had hoped and expected during the first half of 2010, with a number of analysts also expecting weakness in the market in the latter part of 2010. So how many UK mortgages could be at risk in the short to medium term?

Mortgage Lending Still Under Pressure

The Council of Mortgage Lenders (CML) has today revealed that new home loans increased by 7% in May to £11.3 billion. While the 7% increase on the April figure is obviously a move in the right direction it is still only 10% higher than May 2009 which perfectly illustrates the still subdued level of mortgage liquidity and mortgage agreements in the UK. So what next?

Would A Mortgage Cap Kill The Property Market?

There is strong talk in the city of a mortgage cap being introduced by the Bank of England with a suggestion that a minimum deposit figure could be as high as 25%. While there is no doubt that introducing a cushion between the value of any property and the funds forwarded from mortgage providers would reduce the chances of a property crash in the future it could also kill the property sector stone dead.

Mortgage Cap Could Ruin The UK Property Market

It is believed that the UK government is on the verge of passing significant power to the Bank of England in relation to the UK mortgage market which could see potentially four out of every 10 mortgage applications rejected. Central to this issue is a proposed mortgage cap which could see the introduction of a requirement to put down a minimum 25% deposit on any house purchase.

Is The Bovis Homes And Barclays Tie-up The Way Ahead?

Yesterday's announcement that housebuilder Bovis Homes has agreed a joint venture with Barclays which will see home buyers guaranteed a mortgage of up to 90% has set tongues wagging in the housebuilding arena. So is this the way ahead for the UK housebuilding sector?

Bovis Homes Guarantees Mortgages For Buyers

In a sign of how difficult the UK property market is at the moment it has been revealed that Bovis Homes has tied up with Barclays and its Woolwich subsidiary to offer guaranteed mortgages to its customers. While the 90% mortgages will be dispatched by Barclays it is Bovis Homes which will take on the financial risk after agreeing to ring fence some of the company's profit from house sales to cover any potential repossession costs and mortgage losses in the future.

UK Mortgage Rates Hit 15 Year Low

In a sign of the times the average fixed rate home loan for up to 75% of a property's value has fallen to 3.8% in May which compares favourably with the average of 4.47% in September last year. There has also seen a drop in almost every different type of mortgage instrument which is not only a reflection of the ultralow UK base rate but also issues with the UK property market.

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