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Thursday 10th April 2008
First time buyers find "new ways" to buy homes The surge in the size of deposits has forced more and more first time buyers to club together to buy a home, according to the Home Sale Network (HSN). Over the last five years, 57 per cent of the...
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Thursday 10th April 2008
Lib Dems: First time buyer scheme is just "tokenism" The introduction of small grants for first time buyers has been dubbed tokenistic by the Liberal Democrats. Housing minister Caroline Flint and Gordon Brown announced this week that £3 milli... |
Tuesday 8th April 2008
House prices down 2.5% in March The average property declined in value by 2.5 per cent during March, according to the latest house price report from Halifax. This is the highest rate of decline noted by the lender's survey sinc... |
Thursday 3rd April 2008
Co-op pulls mortgage products The Co-operative Bank (Co-op) has confirmed that its range of two-year fixed rate mortgages will be withdrawn from sale. According to a statement from John Barker, the head of mortgages at Co-op,... |
Wednesday 2nd April 2008
Building society mortgage lending falls while savings rise Building societies saw a rise in savings taken in February, but mortgage lending fell as the credit crunch and a slowing property market take effect. Building society gross lending stood at £... |
Wednesday 26th March 2008
Mortgage choice hit by credit crisis The range of mortgage deals available in the UK property sector has been reduced dramatically by the credit crunch. According to figures from Moneyfacts, the number of deals on the market has fal... |
Thursday 20th March 2008
CML: Gross mortgage lending down in February Gross mortgage lending declined during February, a report from the Council of Mortgage Lenders (CML) shows. CML research shows that over the course of the month, lending fell from January's total... |
Monday 10th March 2008
Stamp duty doubles for first time buyers The amount of stamp duty paid by the average first time buyer has almost doubled since 2002, it has been claimed. According to a study conducted by Halifax, the average first time buyer paid arou... |
Friday 7th March 2008
Halifax house price index released House prices fell last month, with the average property now costing £197,000 in the UK. The total drop in Halifax's latest index came to 0.3 per cent, meaning that the annual rate of inflatio... |
Friday 7th March 2008
Government: Hips are a success The introduction of Home Information Packs (Hips) last year in the UK has been a success, a new government study appears to show. Housing minister Caroline Flint released the figures yesterday, wh... |
Wednesday 5th March 2008
Abbey detects first time buyers' fears Two thirds of first time buyers are delaying their purchase due to current conditions in the housing market, Abbey said yesterday. According to the mortgage provider, three quarters of people also... |
Tuesday 4th March 2008
Expert reassures graduates on credit crunch mortgage fears Young professionals who have recently left university can still expect to get favourable mortgage rates and enjoy lower deposit requirements, Moneyfacts.co.uk has advised. According to the financi... |
Thursday 28th February 2008
Moneyfacts: Crunch fears for buy-to-let Buy-to-let investors will have to pay more for a mortgage due to the credit crunch. Figures from the financial website show that the average initial deposit required from borrowers has risen over ... |
Wednesday 27th February 2008
Mortgage lending 'recovering' The British Bankers' Association (BBA) has released new figures which appear to show a recovery in mortgage approvals. The BBA said high remortgaging rates drove up approvals to 44,288 in January... |
Wednesday 6th February 2008
'Big savings possible for variable rate mortgage holders' Mortgage holders should use a cut in interest rates tomorrow to reduce their repayment term, a price comparison site has said. Analysts widely expect the Bank of Englands monetary policy co... |
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