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23rd September 2009
According to a recent survey by the Council of Mortgage Lenders (CML), the number of houses repossessed has gone up to 54 percent. More than 40,000 homes are repossessed by mortgage lenders each year. House arrears have risen by 31 percent as reported by ... Read >
Author: AliceBrooks11th September 2009
Getting into negative equity is a homeowners' nightmare - one which, unfortunately, more and more people are now suffering.
The January 2009 figures from the Halifax House Price Index show the value of the average property has fallen nearly £36,000 s... Read >
Author: MarkeD20th August 2009
New data from the Council of Mortgage Lenders shows further signs of stabilisation in the mortgage market, but volumes are still weak on a historic basis and the latest RICS UK housing market survey shows the market constrained by lack of supply.
Lend... Read >
Author: tugsearch13th August 2009
According to UK lenders, the total number of mortgages granted to home buyers in June increased by 23% compared with May.
The Council of Mortgage Lenders (CML) has said that around 45,000 mortgages were approved for property purchases in June, falling ... Read >
Author: Which4u27th July 2009
With so many property repossessions occurring in UK, the Government is providing extra funding for free legal advice at courts. The fund which currently stands at £750,000 has been doubled to £1.5 million.
This means that all courts in England now pr... Read >
Author: isxrc23rd July 2009
There was also upbeat news from property website Rightmove which said there were growing signs that the past year's price falls have bottomed out, and from the Council of Mortgage Lenders, which said gross lending hit a six-month high in June.
However,... Read >
Author: tugsearch01st July 2009
On 1 July 2007, customers had a choice between 11,951 residential mortgages but today their choice has been reduced to a lowly 1,238 products.
People with less than a perfect credit record have been hit the most by this current economic crisis, with su... Read >
Author: Graeme Knights29th June 2009
The Council of Mortgage Lenders recently released the mortgage lending figures for April – May 2009. Yet again these figures are demonstrating further that it is becoming continually more difficult for potential buyers to make their way onto the proper... Read >
Author: sam lowe23rd June 2009
Buy-to-let landlords are losing their properties at over three times the rate of other homeowners, research shows. Council of Mortgage Lenders figures show 1,700 buy-to-let properties were repossessed by lenders in the first three months of this year. B... Read >
Author: tugsearch23rd June 2009
Repossessions skyrocketed to 40,000 homes last year, up 54 per cent on the previous year, but 5,000 fewer than predicted. A family was thrown out of their home every 13 minutes because they failed to pay their mortgage.
The Financial Services Authority... Read >
Author: michael challiner15th June 2009
Tailored Home reports how sustained support from banks and other lenders is “essential to kick-start the housing market”, according to Sir Bob Kerslake, chief executive of the Homes & Communities Agency (HCA).
Speaking at the Council of Mortgage Le... Read >
Author: Tailored Home15th June 2009
According to the Finance and Leasing Association (FLA), responsible lending has stabilized repossession levels. The FLA represents 80% of second charge lenders in the UK. Of the 10,000 repossessions in the first quarter of 2009 only 373 were due to member... Read >
Author: Article Anuva12th June 2009
A recent poll claims that two out of five middle-class professionals are scared they will struggle to keep up the repayments on their mortgage in 2009. High earners represent those most worried that they will default on payments.
The findings pinpoint... Read >
Author: michael challiner05th June 2009
As they brace themselves for a rise in defaults, mortgage lenders have published their plans to minimise the number of people who have their homes repossessed. The Council of Mortgage Lenders (CML) said that while mortgage arrears and repossessions were e... Read >
Author: michael challiner29th May 2009
Smaller building companies benefit from a rise in first time property buyers:
The U.K property market is slowly starting to show signs of recovery after the global economic setback. According to online property news site; “hotproperty” the CML (Coun... Read >
Author: OBC Building19th May 2009
House repossessions rise in Q1
Nearly 13,000 Britons lost their homes to repossession in the first three months of this
year as the recession deepened, but there are tentative signs things could get better as the
year wears on.
The Council... Read >
Author: tugsearch19th May 2009
House repossessions rise in Q1
Nearly 13,000 Britons lost their homes to repossession in the first three months of this
year as the recession deepened, but there are tentative signs things could get better as the
year wears on.
The Council... Read >
Author: tugsearch08th May 2009
This question should be answered in the same way as most other questions about financial services products. When you understand what lies behind the label and realise what the product offers (i.e. just what it does), then it's a question of whether the pr... Read >
Author: MarkeD05th May 2009
The credit crunch has had a significant effect on buy-to-let landlords over the past 12 months: the number of landlords accruing more than 3 months of arrears doubled in the second half of 2008, hitting an incredible 27000 - this figure was almost 4 times... Read >
Author: Mark Jenkins17th April 2009
The Council of Mortgage Lenders says the number of cases in arrears at the end of September 2008 was 168,000 – 8pc higher than the 155,600 in arrears at the end of June. They are expecting up to 170,000 arrears by the end of the year.
The CML also sa... Read >
Author: Mark Jenkins17th April 2009
UK FINANCIALS LTD Help & Advice to Find the Best Mortgage Rates for You - Fixed Rate Mortgages & Other Mortgage Rates available
With more and more people running into financial trouble that is unforeseen, people are looking to obtain bad credit loan mo... Read >
Author: UK Financials Ltd16th April 2009
UK FINANCIALS LTD Help & Advice to Find the Best Mortgage Rates for You - Fixed Rate Mortgages & Other Mortgage Rates available
With more and more people running into financial trouble that is unforeseen, people are looking to obtain bad credit loan mo... Read >
Author: ukfinancials22nd March 2009
According to Council of Mortgage Lenders (CML) there has been an increase of nearly 65% home repossessions in 2006 when compared to 2005. The number of repossessions will also increase next year due to rise in interest rates, which has put up pressure on ... Read >
Author: Andrew Wilson19th March 2009
Repossession is when a mortgage lender takes possession of a house and sells it to recoup the money that it has lent the homeowner, secured on the property.
Repossession usually happens when homeowners are unable to keep up with mortgage payments, whi... Read >
Author: BDR London11th March 2009
This question should be answered in the same way as most other questions about financial services products. When you understand what lies behind the label and realise what the product offers (i.e. just what it does), then it’s a question of whether the ... Read >
Author: MarkeD10th March 2009
The latest statistics from the Council of Mortgage Lenders (CML) show the number of people losing their homes in the UK rose by 54% last year, slightly less than the 45,000 previously forecast by the industry body.
Lenders repossessed around 40,000 hom... Read >
Author: tugsearch06th March 2009
Repossessions doubled in 2008 and expectations are that things will be worse in 2009! The council of mortgage Lenders has predicted that repossessions for the coming year could reach 75,000.
Figures suggest that the South West, Midlands and London have... Read >
Author: SearchPath04th March 2009
Private insurance is seen as a safety net if problems arise due to the risk of unemployment, debts, repossession and the possibility of illness. If someone has a 100,000 pound mortgage, an increase of ten to twelve pounds a month would provide cover for ... Read >
Author: michael challiner02nd March 2009
Industry body the Council of Mortgage Lenders (CML) estimates that unless action is taken, some 75,000 properties will be repossessed in 2009.
But here’s the good news:
* Help is available in the form of Government schemes
* You can prote... Read >
Author: MarkeD17th February 2009
The risk of debts, unemployment, repossession and sickness is compelling many homebuyers to seek private insurance which will increase monthly repayments by 10-12 pounds per month per 100,000 pounds of mortgage. This would cover the homebuyer for the mon... Read >
Author: michael challiner02nd February 2009
New figures released today by a major mortgage sector body have revealed the stark reality of the downturn in housing market. The Council of Mortgage Lenders' analysis shows that lending dropped 30% in 2008, which is extremely worrying news for everyone i... Read >
Author: Darell Joyce02nd February 2009
New figures released today by a major mortgage sector body have revealed the stark reality of the downturn in housing market. The Council of Mortgage Lenders' analysis shows that lending dropped 30% in 2008, which is extremely worrying news for everyone i... Read >
Author: Darell Joyce30th January 2009
The National Fraud Strategic Authority (NFSA) has compiled a report called Fighting Mortgage Fraud Together following consultations with several associations in the mortgage business, including the Association of Mortgage Intermediaries and the Council of... Read >
Author: michael challiner16th January 2009
As the new year arrives, and many of us a promising ourselves we’re going to succeed in our resolutions and make 2009 the best year yet, we still have a dark financial reality to face up to. The latest news from the mortgage representative companies is ... Read >
Author: Jennifer Quirk08th January 2009
The British public is currently struggling in almost every area to do with expenses and financial matters. Food, fuel and energy all costing much more compared to this time last year and the interest rates on many loans and mortgages have shot up in ligh... Read >
Author: Andy Adams06th January 2009
It is estimated that the number of repossessions will jump by 67 per cent this year. According to the council of Mortgage Lenders the number of houses being repossessed has gone up nine-fold in just 5 years. Due to the economic breakdown there will be an ... Read >
Author: Andrew Wilson06th January 2009
It is estimated that the number of repossessions will jump by 67 per cent this year. According to the council of Mortgage Lenders the number of houses being repossessed has gone up nine-fold in just 5 years. Due to the economic breakdown there will be an ... Read >
Author: Andrew Wilson04th January 2009
It is no consolation whatsoever if you are facing the risk of your home being repossessed to be told that there are many thousands of others in the same traumatic position. There are also many in the worse position of having already lost their homes eithe... Read >
Author: michael challiner13th December 2008
The media may be splattering news after negative news about the UK property market being in trouble. But that doesn't mean anything to the numerous smart investors who are now crowding into property auctions across the UK. As the credit crunch continues t... Read >
Author: Parmdeep Vadesha04th December 2008
The Treasury Department has commissioned Sir James Crosby, the former chief executive of HBOS, owner of the Halifax and the Bank of Scotland to carry out a report on the mortgage market. His report suggests that he feels the mortgage market will be par... Read >
Author: SEO Positive04th December 2008
The Treasury Department has commissioned Sir James Crosby, the former chief executive of HBOS, owner of the Halifax and the Bank of Scotland to carry out a report on the mortgage market. His report suggests that he feels the mortgage market will be paraly... Read >
Author: SEO Positive03rd December 2008
The Treasury Department has commissioned Sir James Crosby, the former chief executive of HBOS, owner of the Halifax and the Bank of Scotland to carry out a report on the mortgage market. His report suggests that he feels the mortgage market will be paraly... Read >
Author: SEO Positive03rd December 2008
The Treasury Department has commissioned Sir James Crosby, the former chief executive of HBOS, owner of the Halifax and the Bank of Scotland to carry out a report on the mortgage market. His report suggests that he feels the mortgage market will be paraly... Read >
Author: SEO Positive17th November 2008
All but two banks ignored government calls to cut their interest rates for new customers and on top of this, more than 20 lenders withdrew deals that would have reduced the amount of monthly mortgage repayments that borrower’s were making.
These with... Read >
Author: Gill21st October 2008
The Certificate in Mortgage Advice and Practice (CeMAP) is an aptitude provided by the school known as Institute of Financial Services (IFS). The CeMAP qualification is the condition for anybody that offers mortgage advice. CeMAP is a countrywide familiar... Read >
Author: shijinaseo25th September 2008
One year on from the onset of the credit crunch the UK housing market is still adjusting to the limited supply of mortgages for both owner occupiers and residential landlords.
The impact now stretches beyond borrowers and lenders to the house building ... Read >
Author: MarkeD23rd September 2008
If you need help with your CeMAP exams and would like to know which CeMAP training company of the myriad of them out there will help you pass the CeMAP exams first time then you must be prepared to conduct quite a fair amount of research!
There are t... Read >
Author: alex11th September 2008
Compared to June of this year, July saw stable figures for house purchases and the rise of remortgaging, however, loans to first-time buyers continued to drop, according to a survey from the Council of Mortgage Lenders.
The number of loans taken out by... Read >
Author: Gill08th September 2008
It is claimed that once the "spike" of inflation has past the Bank of England will be better placed to cut interest rates. A Council of Mortgage Lenders spokesperson stated that the MPC (monetary policy committee), are unable to reduce interest rates, bec... Read >
Author: ARouse08th September 2008
New statistics issued by the Council of Mortgage Lenders (CML) have revealed despite many people struggling with mortgage repayments those who have buy to let mortgages have been hit the hardest by the credit crunch.
The figures show 176,500 new buy to... Read >
Author: cborthwick905th September 2008
Recent figures show that over 28 thousand mortgage repossession orders were made throughout England and Wales during the second quarter of this year, a 24% increase on the same period a year ago.
Some government officials feel as though this steep rise... Read >
Author: Liam Gerken05th September 2008
The latest reports from the finance market are unfortunately not a break from the drib and drab the credit crunch has turned it into. In fact, the latest news we’ve been handed is that in the second quarter of 2008 alone over 28 thousand people had thei... Read >
Author: Jennifer Quirk22nd August 2008
Home Information Packs were originally deemed by Government to be the solution to the common problem of gazumping.
HIPs were finally introduced last August in a bid to simplify the home-buying process.
One of the main aims of the HIP legislation i... Read >
Author: Bill Bailey14th August 2008
Mortgages have never been easy to work out for the average homebuyer. With so many different types of mortgage available and at so many different rates and periods, it's often been difficult to decide which mortgage is best.
Recent months have seen th... Read >
Author: Christian Ward13th August 2008
Those hunting out a mortgage have seen a sudden change over the past six months from a land of plenty to a time of drought.
The problem has been driven by the ongoing credit crunch gripping the financial markets, which has led to the supply of money... Read >
Author: Christian Ward25th July 2008
House prices have dropped by 0.6 per cent in March, bringing the annual rate of house price growth down to 1.1 per cent, Nationwide has revealed.
The figures come amidst global financial instability and news that housing market activity is decreasing.... Read >
Author: Seamus Swords22nd July 2008
The development finance UK is optimistic of the demand for rental businesses in the coming years. There is the 100% development finance, which will be used for large projects, usually utilized by experienced developers. There is also commercial developmen... Read >
Author: Cherry B20th July 2008
People who retire usually look for an alternative means to sustain their incomes alongside their pensions. For those who are looking into the property development sector, many opt to take out a buy-to-let mortgage from companies in development finance UK ... Read >
Author: Cherry B17th July 2008
Recent research from the British Bankers Association revealed that mortgage approvals hit their lowest level since their records began in 1997, with less than 28,000 mortgages for homebuyers approved in May 2008 - a figure nearly 60 per cent lower than th... Read >
Author: Daniel Collins15th July 2008
The mortgage market has hit something of a standstill and it is having knock on effects. Patrick Collinson and Rupert Jones said it best when writing for the Guardian: “Britain's mortgage market appears to be in meltdown, with first-time buyers going on... Read >
Author: Sarah Othman09th July 2008
As a result of the recent hikes in the cost of living, more people are ‘feeling the pinch’ as increasing prices start to hit their pockets. According to the Daily Mail’s Cost of Living Index, during the last 12 months, the average family’s food bi... Read >
Author: accuma 07th July 2008
Industry figures have shown that the number of new mortgage applications approved by the major banks fell again in December. British Banker’s Association (BBA) members approved 42,088 new mortgage loans last month, the lowest figure that has been seen s... Read >
Author: Jemma03rd July 2008
Today’s announcement that Bradford & Bingley, Britain’s biggest buy-to-let mortgage lender had already suffered huge losses in the first few months of the year caught many by surprise.
However, it is the lender's bad debt figures, located towards ... Read >
Author: Mildred02nd July 2008
House repossessions have soared from the beginning of 2008, people who are hit hardest by these repossessions are borrowers who have borrowed more than they can afford against their property. Other causes that have emerged are fraudulent activity by prope... Read >
Author: Jemma30th June 2008
Two reports from Reuters in London shed further light on the ever-unravelling state of the mortgage market in the UK.
"The credit crunch has resulted in a gap in the availability of mortgage credit relative to demand,” said Jim Cunningham, senior ec... Read >
Author: Monica27th June 2008
UK house prices are predicted to drop by a massive 35% this year, according to the latest forecasts from a leading mortgage body.
The Council of Mortgage Lenders [CML] say that property market in England and Wales has already recorded a 7% fall this ye... Read >
Author: Mildred23rd June 2008
UK house builder Barrat Developments has reported decline in sales and raising cancellation rates as conditions in the market deteriorate “significantly”.
The company said that in the 19 weeks to 11 May, reservation rates were down by a third, wi... Read >
Author: Mildred21st June 2008
The outlook for the mortgage market, appears to be gloomy according to industry figures.
Speaking earlier this week, at a conference for the mortgage industry in Manchester, Jackie Bennett, head of policy at the Council of Mortgage Lenders (CML), state... Read >
Author: Ruth20th June 2008
Britain's mortgage banks and property valuers are to tighten up their conveyancing procedures in the wake of a housing downturn that has exposed some sharp practices on newly built homes.
"Some lenders have been concerned that the valuation and conveya... Read >
Author: Shanaka Thanapathy03rd June 2008
The comprehensive CeMAP training course will be offered for the mortgage advisor of the state. Fantastic CeMAP home study course can be obtained from the institutions providing the course all around the world. Today, more number of people started becoming... Read >
Author: shijinaseo23rd May 2008
A leading charity has criticized lenders who supply secured loans to people with low credit ratings.
A Citizens Advice Bureaux report said irresponsible lending decisions and aggressive arrears management by sub-prime lenders were driving the current i... Read >
Author: Linsey Summers22nd May 2008
Homeowners should benefit from longer fixed-term mortgage deals revealed the Treasury recently.
The government believes that this will help those on lower incomes to buy their own homes.
At present, mform.co.uk revealed that only six companies give... Read >
Author: Linsey Summers21st May 2008
When the Bank of England's monetary policy committee (MPC) delivered its verdict on interest rates for this month at noon today few would have been surprised. It decided to keep the base rate at five per cent, following its vote to cut the rate last month... Read >
Author: Assetz UK20th May 2008
Britain’s financial regulator has warned that more than one million families in the UK risk losing their homes in the next 18 months as a result of the global credit crunch.
With large mortgages and debts on the increase, the news that banks are bec... Read >
Author: Phil 15th May 2008
Experts predict that the amount of mortgage collateral available from British banks will fall by a half this year. Warnings have come from The Council of Mortgage Lenders (CML) that mortgage funds could fall to half last year’s £108 billion fund as b... Read >
Author: Sarah Othman15th May 2008
Housing Minister, Caroline Flint and Prime Minister, Gordon Brown, have recently announced a new package of major measures to tackle the difficulty key workers and first-time buyers have been facing when trying to break into the property market. The o... Read >
Author: Sarah Othman09th May 2008
According to the Council of Mortgage Lenders (CML) the buy-to-let market in the UK is still going strong. The UK saw the number of buy-to-let mortgage loans rise by 23%, these type of loans account for 10.3% of all outstanding mortgages in the country.
... Read >
Author: Jemma08th May 2008
Up until today it had not seemed to be a good week for news emanating from the Bank of England.
Firstly, we had the news that in March the number of mortgages approved had dropped from 72,000 in February to just 64,000. Then yesterday brought governor M... Read >
Author: Assetz UK08th May 2008
According to the Council of Mortgage Lenders (CML) the buy-to-let market in the UK is still going strong. The UK saw the number of buy-to-let mortgage loans rise by 23%, these type of loans account for 10.3% of all outstanding mortgages in the country.
... Read >
Author: Jemma08th May 2008
Lenders are starting to focus distribution through their key partner relationships and are therefore not releasing products to the general market. Increasingly lenders will focus on the quality of the brokers and their clients with whom they transact, wit... Read >
Author: MarkeD01st May 2008
Industry figures have shown that the number of new mortgage applications approved by the major banks fell again in December. British Banker’s Association (BBA) members approved 42,088 new mortgage loans last month, the lowest figure that has been seen s... Read >
Author: Jemma29th April 2008
According to the Council of Mortgage Lenders (CML) the buy-to-let market in the UK is still going strong. The UK saw the number of buy-to-let mortgage loans rise by 23%, these type of loans account for 10.3% of all outstanding mortgages in the country.
... Read >
Author: OnlyFinance24th April 2008
If you need help with your CeMAP exams and would like to know which CeMAP training company of the myriad of them out there will help you pass the CeMAP exams first time then you must be prepared to conduct quite a fair amount of research!
There are to... Read >
Author: Ingrid Sure24th April 2008
Any financial advisor worth his onions knows the answer to this question: the Certificate in Mortgage Advice and Practice (CeMAP) is a qualification offered by the Institute of Financial Services (IFS). The CeMAP qualification is the prerequisite for anyb... Read >
Author: Ingrid Sure18th April 2008
Rapidly escalating prices have contributed to a jump in the number of people seeking help from Citizen’s Advice, with a significant amount seeking specific advice on dealing with mortgage arrears.
The number of homeowners seeking help is now estima... Read >
Author: Andrew Regan16th April 2008
Mortgages have never been easy to work out for the average homebuyer. With so many different types of mortgage available and at so many different rates and periods, it's often been difficult to decide which mortgage is best. Recent months have seen the ... Read >
Author: pmcindoe06th April 2008
Landlords who are struggling to make their BTL mortgage repayments need to react to the credit crunch and protect their investment property. For landlords in real crisis who can landlords turn to for help with an investment crisis.
The latest figur... Read >
Author: Propertyhawk03rd April 2008
Young people have numerous life targets they wish to meet, new figures reveal.
In a study carried out by Alliance & Leicester as part of its Moving Improving research, taking their initial steps on the housing ladder is one of the main life goals those... Read >
Author: ARouse02nd April 2008
More and more people are requesting interest only mortgage loans every year. The Council of Mortgage Lenders has reported an increase on the requests of these loans of up to 20% in the last few years. However, before jumping in to request these low mont... Read >
Author: Amanda Hash02nd April 2008
The low down on the BTL mortgage market for UK residential landlords, explaining the structure of the buy to let mortgage industry.
The dust is just starting to settle on the ‘credit crunch’ and landlords & BTL mortgage lenders are beginning to g... Read >
Author: Propertyhawk01st April 2008
The low down on the buy to let mortgage market for UK residential landlords, explaining the structure of the buy to let mortgage industry.
The dust is just starting to settle on the ‘credit crunch’ and landlords & BTL mortgage lenders are begi... Read >
Author: Propertyhawk01st April 2008
More and more people are requesting interest only mortgage loans every year. The Council of Mortgage Lenders has reported an increase on the requests of these loans of up to 20% in the last few years. However, before jumping in to request these low mont... Read >
Author: Amanda Hash27th March 2008
The threshold at which buyers start to pay stamp duty has risen from £120,000 to £125,000 which will come into effect on sales after the 23rd March this year. The other bands however remain unchanged at 1% between £125,000 and £250,000, 3% between £2... Read >
Author: lazysubmit25th March 2008
Mortgage lending has fallen, new research shows.
In figures released by the Council of Mortgage Lenders (CML), it was revealed that some 50,300 loans for the purposes of purchasing a house were taken out over the course of January. Such borrowing was i... Read >
Author: ARouse25th March 2008
Yesterday’s budget brought no rest bite for first time buyers first time buyers as the Mr Darling announced that the stamp duty threshold will remain the same. People buying into shared equity schemes will have the option not to pay stamp duty until the... Read >
Author: SimonDuffy25th March 2008
Yesterday’s budget brought no rest bite for first time buyers first time buyers as the Mr Darling announced that the stamp duty threshold will remain the same. People buying into shared equity schemes will have the option not to pay stamp duty until the... Read >
Author: SimonDuffy19th March 2008
The received wisdom among many in recent months has been that the buy-to-let industry is in trouble, a sector of the economy which arose on the back of a housing boom that is now over and will consequently fade away.
One feature of the boom years has bee... Read >
Author: Assetz UK10th March 2008
The news earlier this week from the Council of Mortgage Lenders (CML) that the number of buy-to-let mortgages taken out last year was higher in the credit-crunch blighted second half than the roaring first six months may have surprised many. But it appear... Read >
Author: Assetz UK07th March 2008
YOUR FIRST HOME IS STILL WITHIN REACH!
With the average property now costing £150,000, more joint first time buyers have opted to take the plunge and move in together for their first home. Single first-time buyers up to now had normally accounted for ... Read >
Author: Simon19th February 2008
Over the past couple of years the risk of repossession has become a very real one for many homeowners and the UK, and this has been partly fuelled by the series of interest rate hikes applied to the base rate by the Bank of England. Between August 2006 an... Read >
Author: Reno Charlton19th February 2008
Back in 1999, when the concept of investing in residential property was still young, there were 73,200 buy to let mortgages outstanding in the UK, according to data from the Council of Mortgage Lenders. Compare this to the staggering 991,600 buy to let mo... Read >
Author: John Sern12th February 2008
Last year saw a 21% increase in lenders taking back properties after people could not keep up with their payments. The increase was the highest it had been in eight years and experts say that it will only get worse.
According to the Council of Mortgag... Read >
Author: Gill11th February 2008
It is an unfortunate turn of events but nowadays people are struggling to pay the repayments on their mortgage. The cost of living has risen dramatically over the past few years and an increase in energy bills and food have meant that there is more pressu... Read >
Author: Karl Bantleman06th February 2008
Despite trailing off towards the end of the year gross mortgage lending hit record levels during 2007, according to figures released by the Council of Mortgage Lenders (CML).
Although the organisation is warning that the market is weakening, it report... Read >
Author: Adam Singleton05th February 2008
Surveys conducted by independent bodies like the Council of Mortgage Lenders (CML) and Royal Institution of Chartered Surveyors (RICS) have revealed a steep rise in cases of house repossessions with more and more borrowers finding it difficult to make mor... Read >
Author: Mark Brogan31st January 2008
Monthly repayments on interest-only mortgages can be on average one quarter cheaper a month than other mortgages and more and more first time buyers are opting for this type of home loan.
A monthly average of 7,000 first-time buyers took out a mortgage... Read >
Author: Abbi M Rouse18th January 2008
Mortgages are getting less affordable, according to figures released by the Council of Mortgage Lenders, meaning that more people will struggle to keep up their repayments in the coming months.
Interest payments now account for the largest proportio... Read >
Author: Andrew Regan14th November 2007
The Council of Mortgage Lenders (CML) is confident that even though there has been a reduction in the amount of mortgage products available as a result of the global credit squeeze, house prices will remain unaffected, due to the underlying demand for pro... Read >
Author: Andrew Regan01st November 2007
When Chancellor Alistair Darling unveiled his first Pre-Budget Report this month, the bulk of the media attention fell on changes to the capital gains tax, a hike in the inheritance tax threshold and the absence of any such increase with regards to stamp ... Read >
Author: Erin Ryan30th October 2007
An offset mortgage allows your savings to work much harder for you than if they were just sitting in an ordinary savings account. An offset mortgage means borrowers only pay interest on their net loan amount – minus any savings they have in the same or ... Read >
Author: Simon Mellor22nd October 2007
Think of the devil and he is here. But, loans are surely not the devil. They are a great help for many needy persons. You need them in difficult times, in moments of joy or whenever some thing goes wrong. Whenever a financial need arises, you should stand... Read >
Author: Angelo Drew21st October 2007
The Council of Mortgage Lenders (CML) has reported that UK gross mortgage lending has fallen six per cent during August - sinking to £32.2 billion from a record £34.25 billion in July - prompting fresh fears that the housing boom is over. Only a month a... Read >
Author: Andrew Regan03rd September 2007
If you are a homeowner looking to limit the effects of rising mortgage rates you should make sure you consider discount-rates as well as fixed-rates. Whilst fixed-rate mortgages give people certainty of payment, they may not have the cheapest cost over th... Read >
Author: Francis Ghiloni16th August 2007
Despite gloomy predictions by some industry experts following the recent interest rate rises, mortgage lending hit record levels during the month of June 2007. According to figures published by the Council of Mortgage Lenders (CML), gross levels of lendin... Read >
Author: Andrew Regan09th August 2007
The instances of home repossessions are rising in the UK. The council of mortgage lenders says that there have been nearly 14,000 cases of repossessions in the first half of the year 2007. When compared to corresponding figures from the previous year, the... Read >
Author: Aisha Cristal24th July 2007
With five increments in the base rate of interest in the last one year, the trend is shifting towards the fixed rate plans. Borrowers are more interested in short-term fixed-rate mortgage deals and it includes both the new home buyers and the home-movers.... Read >
Author: Angelo Drew05th July 2007
In the last year Brits have been landed with almost £49 billion of bills they weren't expecting, costs that could be covered with secured loans.
Four in five of us were hit by a bill we didn't see coming, according to Abbey, with half of us covering t... Read >
Author: JamesQuinton05th July 2007
Mortgage Approvals Fall
The number of new mortgages being approved has fallen to a twelve month low. One hundred and seven applications were approved in April down from one hundred and eleven thousand in the previous month.
High interest rates have... Read >
Author: JamesQuinton08th June 2007
Cash-strapped offspring are increasingly turning to their parents for help, with almost half of first-time buyers now reliant on their families to help fund their first property, according to the Council of Mortgage Lenders.
The council's latest re-sea... Read >
Author: Stephen Morgan08th June 2007
The Council of Mortgage Lenders has recently reported that first-time buyers are having to turn to family for assistance with funding their first property.
Apparently 46% of people under the age of 30 having to get financial assistance from relatives t... Read >
Author: Scott James04th June 2007
The number of new mortgages being approved has fallen to a twelve month low. One hundred and seven applications were approved in April down from one hundred and eleven thousand in the previous month.
High interest rates have begun to put pressure on p... Read >
Author: JamesQuinton30th May 2007
A newly conducted research by a leading high-street bank reveals that an increasingly large number of young home buyers are turning to their parents to get them a home. Estimates by the Council of Mortgage Lenders (CML) suggest that over 40% of the first ... Read >
Author: Angelo Drew16th May 2007
The UK property market has been riding an upward trend for many years now, with house prices soaring significantly over the last decade. A new report from Assetz, the property investment advice experts, indicates that the average rate of annual growth in ... Read >
Author: Andrew Regan11th May 2007
Over the last decade, the mortgage market in Britain has been transformed by a continually increasing demand for buy-to-let mortgages. Buy-to-let mortgages are usually taken out by people who already own a UK property, but are seeking to a buy a property ... Read >
Author: Andrew Regan13th April 2007
It was with a great sense of trepidation that my partner and I decided to, at last, start looking for our first home. My partner, always the more finically acute, was wary of paying for a property that had an inflated value due to the continued rise of ho... Read >
Author: JamesQuinton27th March 2007
Last Wednesday was a difficult day at the stock market. Behold a lesser mirror image of Wall Street market in the States; wrecking the bank shares, and feeding the speculation about upcoming inflation, the index of FTSE 100 stocks dramatically dropped by... Read >
Author: -ddd-13th March 2007
More and more people are requesting Interest Only Mortgage Loans every year. The Council of Mortgage Lenders has reported an increase on the requests of these loans of up to 20% in the last few years. However, before jumping in to request these low monthl... Read >
Author: jessicapeterson26th September 2006
HSBC, one of the largest banking and financial services organisations in the world provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other... Read >
Author: Alison White31st August 2006
Banks, building societies and mortgage brokers are always on the look-out for opportunities for more business, so what is the consumer to expect in the way of mortgage types and offers?
Re-mortgaging seems to be the buzz-word and this seems to be a sec... Read >
Author: michael challiner22nd August 2006
Are you thinking of investing in a buy-to-let property? A great number of people have done so already and according to the Council of Mortgage Lenders, individuals taking out buy to let mortgages rose by 483 per cent in the five years to 2005.
The vast... Read >
Author: michael challiner16th August 2006
Many surveys have identified the lack of first-time buyers as the reason for the slowdown in prices as house prices have reached such a level that it is becoming increasingly difficult to get onto the property ladder.
Mortgage lenders are also becomin... Read >
Author: michael challiner07th August 2006
Over 200,000 homebuyers in London during 2005 took out an interest-only loan according to the Council of Mortgage Lenders (CML). None of whom had a repayment vehicle in place and of these, 60,900 were first-time buyers.
There are no figures available f... Read >
Author: michael challiner17th July 2006
This summer marks the Tenth anniversary of the buy-to-let mortgage. In July 1996 Mortgage Express (part of the Bradford & Bingley group) were the first to trial a dedicated buy-to-let mortgage product, and currently has a market share of approximately 20 ... Read >
Author: Martyn Witt31st May 2006
With most buyers borrowing well over 100,000 to buy their property, lenders' exit fees usually in the region of 50 to 300 pounds are a tiny percentage of the overall mortgage costs. Yet these penalties have created so much anger, that some borrow... Read >
Author: sam lowe26th May 2006
According to a recently released study by the property website, Rightmove, the average asking prices for UK homes showed the strongest annual price rise for over a year during the period from mid-April to early May. The report has caused Rightmove to r... Read >
Author: sam lowe02nd April 2006
The CML (Council of Mortgage Lenders) show that nearly 6 Million people have received mortgages that are interest only. Interest only mortgages means that your monthly payments are applied only to the interest accrued on the debt and not the actual debt i... Read >
Author: Bob Benson02nd February 2006
This time of year is always financially hard for families who may have over spent between Christmas and the New Year. Last year house repossessions in the 1st half of the year were 33% higher than at the end of the year. The Council of Mortgage Lenders ... Read >
Author: sam lowe31st August 2005
For the first time since May 1996 reports have indicated that wage increases have risen faster than house price inflation. According to Nationwide, "The overall picture remains one of a gently softening market".
The signs indicate that the housing ma... Read >
Author: R Green13th July 2005
According to the Council of Mortgage Lenders, first-time buyers are the most susceptible group of homeowners to debt, as they are more likely to have higher loan-to-value ratios and commit a higher proportion of their income to mortgage repayments. Despi... Read >
Author: Rachel Lane
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