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.... In fact, it has fallen to 64% – the lowest level in 30 years. And in 2017 private renting overtook mortgaged home ownership in London. ... [Read full article on Guardian ]
Thursday 25th of May 2017 04:30:19 AM
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....In February, the bank reported a £7bn annual loss for 2016. The bank is also yet to settle with the US Department of Justice over claims it mis-sold toxic residential mortgage-backed securities. ... [Read full article on BBC ]
Monday 22nd of May 2017 12:12:00 AM
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. There were further signs of a slowdown in the property market in April, as the number of sales fell significantly, while fewer people took out mortgages. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 10:32:02 AM
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....5 trillion. Although this is dominated by mortgage borrowing, there is a vast array of debt products creating concern. ... [Read full article on BBC ]
Monday 22nd of May 2017 11:24:11 PM
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. The UK housing market appears to be 'moving sideways' mortgage lenders have said, as latest figures show a drop in borrowing. ... [Read full article on BBC ]
Thursday 25th of May 2017 10:28:25 AM
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.... It added that nearly one in five people switching their accounts became customers of the building society. Chief financial officer Mark Rennison said: "Nationwide has delivered a very strong trading performance over the last year, with record levels of active members, mortgage lending and current account openings. ... [Read full article on BBC ]
Tuesday 23rd of May 2017 07:20:53 AM
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.... That is the message emerging from senior executives in the financial services industry, who do not think Britain has changed that much since the 2008 credit disaster and the devastating crash that followed. Three developments lie at the heart of this disturbing analysis: spectacular growth in the sale of second mortgages, car loans and credit cards. ... [Read full article on Guardian ]
Sunday 21st of May 2017 05:59:46 AM
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....The minutes also signalled the Federal Reserve remains on track to trim its nearly $4. 5 trillion portfolio, much of it in US treasuries and mortgage-backed securities, starting this year. ... [Read full article on BBC ]
Wednesday 24th of May 2017 08:05:38 PM
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....The TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago. Frances O’Grady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt – which excludes mortgages – and called for a higher minimum wage and an end to the tough pay curbs in the public sector. ... [Read full article on Guardian ]
Thursday 25th of May 2017 05:01:19 AM
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. Q I have an interest-only mortgage from a well known high street bank. ... [Read full article on Guardian ]
Thursday 25th of May 2017 06:00:21 AM
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.... The offer is being rolled out nationally this year to existing employees and new joiners. The McDonald’s UK chief executive, Paul Pomroy, said: “The vast majority of our employees are happy with their flexible contracts, but some have told us that more fixed hours would help them get better access to some financial products [such as mobile phone contracts and mortgages]. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 09:42:36 AM
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....Seeing red when Delta Air debited me twice for plane tickets. Trying to cancel a Vodafone account hit my chances of getting a mortgage. ... [Read full article on Guardian ]
Thursday 25th of May 2017 02:01:08 PM
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.... From where McEwan sits, the argument with the hold-outs can indeed be seen as a time-consuming distraction. The sums at stake are significant but they are a trifle compared to the multibillion-dollar territory that RBS will enter when it starts negotiations with the US Department of Justice over mortgage-backed securities that were allegedly mis-sold before the crisis. ... [Read full article on Guardian ]
Monday 22nd of May 2017 06:01:33 PM
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.... He said the branch network would “evolve” as customers adopted new technology. Competition in the mortgage market also dented profits. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 04:13:14 PM
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....". The TUC said unsecured household debt is defined as including credit cards, student and car loans but not mortgages. ... [Read full article on Daily Express ]
Thursday 25th of May 2017 12:00:00 AM
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Latest Finance News related to Mortgage

EU roaming charges banned from June, plus the rogue buyers exploiting eBay image
....Seeing red when Delta Air debited me twice for plane tickets. Trying to cancel a Vodafone account hit my chances of getting a mortgage. ...
Mortgage loan: Lending to wannabe buyers falls as number of homes for sale dips image
....The National Association of Estate Agents (NAEA) recently reported that the number of homes on estate agents' books dwindled to a record low in March, with around 10 house hunters for every available property. The CML's senior economist, Mohammad Jamei, said: "First-time buyers and re-mortgage customers appear to be buoying the market, as low mortgage rates are encouraging borrowers to re-mortgage and attractive government schemes are helping first-time buyers. ...
Housing market moving sideways, lenders say image
Source : BBC [Read Article] Thursday 25th of May 2017 10:28:25 AM
. The UK housing market appears to be 'moving sideways' mortgage lenders have said, as latest figures show a drop in borrowing. ...
TUC urges government to help boost pay as debt nears record levels image
Source : Guardian [Read Article] Thursday 25th of May 2017 05:01:19 AM
....The TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago. Frances O’Grady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt – which excludes mortgages – and called for a higher minimum wage and an end to the tough pay curbs in the public sector. ...
TUC warns household debt will rise to £15,000 by 2020 image
Source : Daily Express [Read Article] Thursday 25th of May 2017 12:00:00 AM
....". The TUC said unsecured household debt is defined as including credit cards, student and car loans but not mortgages. ...
Dollar slips after cautious Fed minutes image
Source : BBC [Read Article] Wednesday 24th of May 2017 08:05:38 PM
....The minutes also signalled the Federal Reserve remains on track to trim its nearly $4. 5 trillion portfolio, much of it in US treasuries and mortgage-backed securities, starting this year. ...
Further signs of UK property slowdown in April image
Source : BBC [Read Article] Tuesday 23rd of May 2017 10:32:02 AM
. There were further signs of a slowdown in the property market in April, as the number of sales fell significantly, while fewer people took out mortgages. ...
Unions say Tories' zero-hours workers' review doesn't go far enough image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 09:42:36 AM
.... The offer is being rolled out nationally this year to existing employees and new joiners. The McDonald’s UK chief executive, Paul Pomroy, said: “The vast majority of our employees are happy with their flexible contracts, but some have told us that more fixed hours would help them get better access to some financial products [such as mobile phone contracts and mortgages]. ...
Nationwide profits hit by low interest rates image
Source : BBC [Read Article] Tuesday 23rd of May 2017 07:20:53 AM
.... It added that nearly one in five people switching their accounts became customers of the building society. Chief financial officer Mark Rennison said: "Nationwide has delivered a very strong trading performance over the last year, with record levels of active members, mortgage lending and current account openings. ...
Debt fears remain despite manifesto 'breathing space' plans image
Source : BBC [Read Article] Monday 22nd of May 2017 11:24:11 PM
....5 trillion. Although this is dominated by mortgage borrowing, there is a vast array of debt products creating concern. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
.... From where McEwan sits, the argument with the hold-outs can indeed be seen as a time-consuming distraction. The sums at stake are significant but they are a trifle compared to the multibillion-dollar territory that RBS will enter when it starts negotiations with the US Department of Justice over mortgage-backed securities that were allegedly mis-sold before the crisis. ...
RBS court battle with investors adjourned image
Source : BBC [Read Article] Monday 22nd of May 2017 12:12:00 AM
....In February, the bank reported a £7bn annual loss for 2016. The bank is also yet to settle with the US Department of Justice over claims it mis-sold toxic residential mortgage-backed securities. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
.... That is the message emerging from senior executives in the financial services industry, who do not think Britain has changed that much since the 2008 credit disaster and the devastating crash that followed. Three developments lie at the heart of this disturbing analysis: spectacular growth in the sale of second mortgages, car loans and credit cards. ...
Score the best mortgage deals, plus the facts about the pensions triple lock image
....Samsung Pay launches in UK to take on Apple Pay and Google Android Pay. How to be on the winning side as mortgage war hots up. ...
British shoppers go on spring spree – but the outlook may be chillier | Larry Elliott image
....7bn a year to households. There is, though, one big omission from the list: help for people buying their own homes on standard variable rate (SVR) mortgages, who could save themselves money by moving to a cheaper home loan deal. ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
.... He grew up on a nearby ranch and never went to college. His parents died decades ago and left him with crippling property taxes and mortgages on the family property. ...
What's the best way to release equity for home improvements? image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:00:18 AM
....Q I would like to know more about equity release. I am a homeowner with no mortgage on my house. ...
Trying to cancel a Vodafone account hit my chances of getting a mortgage image
. Vodafone’s failure to close my account properly has affected my chances of getting a mortgage. ...
Buy-to-let millionaire who bans 'coloured' people faces legal action image
Source : Guardian [Read Article] Wednesday 17th of May 2017 02:20:13 PM
....“If you can find someone to be a guarantor, they can then sub-let to a battered wife. We’re just saying we don’t take them because they must have a rent guarantee as part of the landlord’s insurance demanded by the mortgage companies. ...
Lloyds should give the backslapping a rest after sale of government stake | Nils Pratley image
....Let’s not forget, too, that Lloyds started with the immeasurable advantage of being the biggest retail bank in the UK by a country mile. It has a 25% share of UK current accounts, 22% of retail deposits and 21% of mortgages. ...
Buy-to-let slump after stamp duty change image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:25 AM
...."They had their fingers burnt before, so they are not lending," the 40-year-old said. There was a big spike in mortgage lending for house purchases in the buy-to-let sector in March 2016, followed by a significant drop off. ...
Lloyds claims taxpayers have made £900m profit from bailout image
Source : Guardian [Read Article] Wednesday 17th of May 2017 07:37:15 AM
....Finalising the bill for that PPI scandal – which has already topped £17bn – and paying compensation to victims of the HBOS Reading scandal are among the issues facing Lloyds. The bank is also in the throes of taking over credit card firm MBNA which will take its share of the market to 26% and add to its financial dominance: Lloyds has a 25% share of current accounts, 22% of retail deposits and 21% of mortgages. ...
Lloyds reaches landmark as government sells final shares image
Source : Guardian [Read Article] Tuesday 16th of May 2017 04:45:44 PM
.... Once operating in 30 countries, it now remains in just six – leaving it open to concern that it is vulnerable to any economic slowdown in the UK caused by Brexit. Lloyds has a 25% share of UK current accounts, 22% of retail deposits and 21% of mortgages, and as a result of the takeover of credit card company MBNA it will have a 26% share of credit card lending. ...
Stop spending money on avocados? Good idea, I’ll have a house deposit by 2117 | Rhiannon Lucy Cosslett image
....Brunch has become a convenient scapegoat for structural inequality. Instead of truly examining the social and economic forces that lock young people out of the property market, why not focus on our expenditure? Never mind that, for most young people, it would take over a century of skipping their luxurious monthly brunch in order to get a mortgage for a poky starter home. ...
UK inflation rate at highest level since September 2013 image
Source : BBC [Read Article] Tuesday 16th of May 2017 08:32:29 AM
....Electricity and food prices also went up, but there were falls in the cost of gas, petrol and diesel. The Retail Prices Index (RPI), a separate measure of inflation which includes council tax and mortgage interest payments, reached 3. ...
Leasehold now the No 1 concern for UK homeowners, study finds image
Source : Guardian [Read Article] Tuesday 16th of May 2017 05:01:05 AM
....The Guardian, in partnership with campaign group Leasehold Knowledge Partnership, revealed last year how developers such as Taylor Wimpey had introduced clauses into 999-year leases on new-build houses that resulted in ground rents doubling every 10 years. Some buyers have found their homes unsaleable after mortgage companies refused to lend against properties with onerous ground rent clauses. ...
Debt fears grow as county court judgments soar by 35% image
Source : Guardian [Read Article] Monday 15th of May 2017 05:07:52 PM
....Concerns that the purchase of cars with complicated loans, known as PCPs, has increased the debt levels of many low income families has triggered an investigation into potential mis-selling by the main consumer finance watchdog, the Financial Conduct Authority. Last year banks had £19bn of impairments on credit cards, compared with £12bn on mortgage loans. ...
How to be on the winning side as mortgage war hots up image
Source : Guardian [Read Article] Monday 15th of May 2017 06:00:37 AM
. Just a week after launching what was described as “Britain’s cheapest-ever” mortgage deal, Atom Bank withdrew its 1. ...
Do you have to pay fees when buying foreign currency?  image
Source : Daily Express [Read Article] Monday 15th of May 2017 12:01:00 AM
....Banks typically apply fees to every currency transfer regardless of its size. While the fees aren’t always substantial (potentially ranging from £10 to £40 per transfer depending on the bank) they can add up quickly if you’re exchanging currency on a regular basis (when making foreign mortgage payments or moving wages or a pension overseas, for example). ...
How to build your grand design for a humble price image
Source : Guardian [Read Article] Sunday 14th of May 2017 06:00:08 AM
....”. The couple are finalising the design and plan to get a self-build mortgage through specialist broker BuildStore. ...
Buy-to-let landlords suffering tax increases plan to raise rents  image
Source : Daily Express [Read Article] Saturday 13th of May 2017 05:27:00 PM
.... But it’s the economy and tenants that could end up paying the price. More than a third of landlords are desperately looking to cut costs, while a fifth will pass on the increases to tenants, according to a study by mortgage lender Kent Reliance. ...
Pay off your mortgage FASTER: Save thousands of pounds with this trick image
Source : Daily Express [Read Article] Saturday 13th of May 2017 01:34:00 PM
.... Around a quarter of people don't even know what interest rate they are paying. However, homeowners on a Standard Variable Rate mortgage stand to save a typical £4,000 a year, if they were to move on to one of the most competitive fixed-rate deals, separate research by HSBC showed. ...
Taylor Wimpey compensation offer is PR con, claim victims of leasehold scandal image
....Jo Darbyshire bought her four-bed home in Bolton in 2010 from Taylor Wimpey without realising the full implications of the 999-year leasehold contract, which allowed the freeholder to double the £295 ground rent every 10 years. Only when a neighbour’s house sale fell through – because a mortgage company rejected the ground rent clause – did Darbyshire discover her home had been rendered potentially unsaleable. ...
Number of second charge mortgages leaps to nine-year high image
Source : Guardian [Read Article] Friday 12th of May 2017 03:10:13 PM
. The number of people opting to saddle themselves with a second mortgage has leapt to its highest level since 2008, according to new industry data that has alarmed debt charities. ...
Pricey goodbye? The cheapest and most expensive places to die revealed image
....However, it’s a myth that you have to get permission from the local authority or Land Registry. If you own the property outright and there is no mortgage, you don’t need permission from anyone, though you have to create a burial register which you attach to the deeds of the property. ...
Is it better to borrow money for a foreign property from home or overseas? image
Source : Daily Express [Read Article] Friday 12th of May 2017 12:00:00 AM
....Of course, you can obtain a copy of your UK credit report and present this to an overseas bank, which may help them evaluate your application, but this does not guarantee you will be treated as favourably as a national with a strong domestic credit rating. The other issue with getting an overseas mortgage is that you will not receive the same protections as you would if you dealt with a UK institution. ...
How YOU can get up to £2,500 cashback from your mortgage  image
Source : Daily Express [Read Article] Thursday 11th of May 2017 03:59:00 PM
....Barclays, Halifax, Skipton Building Society and Clydesale and Yokrshore banks are among the providers all currently offering the bungs. But mortgage fees and higher rates may not make the cash offer as generous as it first appears. ...
Mr & Mrs Smith co-founder: ‘Don’t let yourself get comfortable’ image
Source : Guardian [Read Article] Thursday 11th of May 2017 06:00:41 AM
....The early stages were tough. We were so confident in our idea that we remortgaged our house, approached family and friends for funding and managed to raise £180,000. ...
Home sales in COLLAPSE: Lenders pull the plug after surveyors downgrade values  image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 01:57:00 PM
. Lenders are more likely to retract provisional mortgage offers after receiving a so-called down-valuation, if the borrower has a smaller deposit and is looking for a higher loan to value, on the ground evidence suggests. ...
REVEALED: How many interest-only borrowers are paying off their mortgage image
Source : Daily Express [Read Article] Wednesday 10th of May 2017 11:05:00 AM
. Many borrowers have little option but to turn to equity release after being refused capital repayment mortgages by lenders. ...
House price news: Values fall for first time since 2012 image
Source : Daily Express [Read Article] Tuesday 9th of May 2017 03:30:00 PM
....Consumers are also now feeling the hit of higher inflation, which has led to values stagnating in recent months, said experts. However, prices are set to be held up by record low stock and ultra low mortgage rates. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
....The inquiry should attempt to establish whether banks and the leasing firms they underwrite, having exhausted the list of private buyers with solid credit scores, turned to those with chequered credit histories to drum up new business via PCPs. Like the sub-prime mortgage deals of the noughties that brought the world of finance to its knees, PCPs are an American import. ...
Are UK house prices starting to fall? The Halifax thinks so image
Source : Guardian [Read Article] Monday 8th of May 2017 09:31:28 AM
....”. Continued low mortgage rates and housing supply issues should underpin house prices in the coming months, added Ellis. ...
UK house prices in first quarterly fall since 2012 image
Source : BBC [Read Article] Monday 8th of May 2017 08:36:14 AM
....6% annually - their lowest rate for four years. The Bank of England has also said that the number of mortgages being approved has fallen for two months running. ...
London rents fall for first time since 2009 amid post-Brexit vote slowdown image
....Further declines in rent will put additional pressure on buy-to-let landlords to quit the market. In April, the first of a series of tax hikes came into force that will increase costs for landlords who have buy-to-let mortgages. ...
Employers add a ‘cheap place to live’ to list of staff perks image
Source : Guardian [Read Article] Sunday 7th of May 2017 06:00:25 AM
.... Many are offering loans to cover the cost of deposits, which now average £1,756 in the capital, according to the Deposit Protection Service. Others are finding different ways to give staff a helping hand, ranging from a couple of weeks of free rent to preferential mortgage rates for those trying to buy. ...
THESE credit cards can help YOU improve your credit rating image
Source : Daily Express [Read Article] Saturday 6th of May 2017 05:04:00 PM
. A damaged track record of borrowing, such as failing to make repayments, can drastically affect the chances of being approved for a mortgage and other forms of credit in the future. ...
Three cheers Nationwide for bloodying housebuilder noses image
Source : Guardian [Read Article] Saturday 6th of May 2017 06:00:56 AM
.... That’s more than 0. 1% of the value of the property – which means buyers won’t now qualify for a Nationwide mortgage. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
....In 2008, the world economy crashed because a bunch of large financial institutions acted irresponsibly. These banks, investment firms, mortgage lenders and private equity fund suckered people into terrible loans and investments, and then engaged in reckless speculation – all to help their bottom line. ...
Hello Arizona   image
Source : BBC [Read Article] Thursday 4th of May 2017 11:27:10 PM
.... . USAA, an insurance and banking firm that serves military and veteran families all over the world, hired nearly 600 people in Arizona last year, as demand for credit cards and mortgages boomed, Meyer said. ...
The Guardian view on the Bank of England: independence and accountability | Editorial image
....With its pre-crisis failures conveniently forgotten, the Bank’s sway increased. George Osborne gave it back power to police the City and established a new financial policy committee with wide-reaching powers, including the right to decide how much a citizen could borrow for a mortgage. ...
Mortgage price war: HSBC five-year fix ramps up competition as borrowers urged to switch image
....Britain's biggest bank HSBC unveiled a 1. 69 per cent fixed-rate for five years, as it cut rates across 14 of its mortgages. ...
Does Federal Reserve monetary policy affect your US mortgage? image
Source : Daily Express [Read Article] Thursday 4th of May 2017 01:22:00 PM
....If you live in the US, both the current decision and the one coming up in June could impact your finances - regardless of whether or not you have borrowed money. And if you took out a mortgage in the US to fund your property purchase there, the direction interest rates take could will also be of interest. ...
'My parents want to help me but can't': readers on affording their first home image
....My parents are sympathetic, they really understand how hard it is to get on the property ladder, but they don’t have enough money to help both me and my sister. We looked into getting a joint mortgage with my dad but because of his age this wasn’t possible. ...
UK economy gets boost as service sector growth hits four-month high image
Source : Guardian [Read Article] Thursday 4th of May 2017 11:14:24 AM
....Figures from the Bank, also published on Thursday, hinted at a slowdown in consumer spending and confidence. They showed approvals for mortgages dipped to a six month low in March, the latest sign of a softening housing market. ...
Mortgage approvals dip for second month image
Source : BBC [Read Article] Thursday 4th of May 2017 09:49:42 AM
....Mortgage approvals fell for the second month in a row despite lenders stepping up their offers to borrowers. A total of 66,837 mortgages were approved for house purchases in March, down 1. ...
HSBC profits fall as bank bids to restore flagging revenues image
Source : BBC [Read Article] Thursday 4th of May 2017 06:19:35 AM
...."Our pivot to Asia continues. We increased advances to customers and grew mortgages and business lending. ...
We're buying as tenants in common – but what if we split up? image
Source : Guardian [Read Article] Thursday 4th of May 2017 06:00:01 AM
....We’re going to own the house as tenants in common, which we’re both fine with, as we’re putting significantly different amounts into the deposit: I’m putting in 15% and he is contributing the remaining 85%. We are planning to pay the mortgage 50/50. ...
How ‘Bank of Mum and Dad’ can help children buy home WITHOUT having to hand over cash image
.... But handing over lump sums of cash isn't the only option for parents who want to help offspring into home ownership. There are a number of mortgages where parents can act as guarantor, or put up savings to act as a deposit for the home for a set number of years. ...
Over 65s mortgage crisis: Debts to DOUBLE in 13 years image
Source : Daily Express [Read Article] Wednesday 3rd of May 2017 10:38:00 AM
. The amount of mortgage debt held by over-65s is set to double in just 13 years by 2030, taking money owed by this group from £20. ...
Wealthy feel pinch of housing costs as one in four Australians face mortgage stress image
. The burden of housing costs is biting even in Australia’s wealthiest suburbs as an unprecedented one in four households nationally face mortgage stress, according to the latest in a 15-year series of analyses. ...
TRICKS TO SAVE MONEY: Five hacks to make the most of your cash image
Source : Daily Express [Read Article] Tuesday 2nd of May 2017 01:46:00 PM
....You can check your credit score for free, forever, with Experian. This is really valuable as you need to know what your credit score is before you apply for loans or a mortgage to make sure that you will be accepted. ...
Bank of Mum and Dad helps QUARTER of home buyers on to propery ladder image
Source : Daily Express [Read Article] Tuesday 2nd of May 2017 01:08:00 PM
....More than £6. 5BILLION will be lent by parents in 2017, going towards deposits for more than 298,000 mortgages, according to a report by Legal & General. ...
Bank of mum and dad 'involved in 26 per cent of property transactions in 2017'  image
.... . The funds will go towards deposits for more than 298,000 mortgages, and helping others to purchase homes worth £75 billion, according to the report. ...
Parents '10th biggest mortgage lender' image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:52:41 AM
. The "Bank of Mum and Dad" is the 10th biggest UK mortgage lender as buyers increasingly rely on financial support from their parents, a report suggests. ...
Theresa May promised to tackle greedy bosses – instead she’s helping them | Polly Toynbee image
.... PIRC, the pensions and investments research consultants who rate company performance on behalf of shareholders, noted HSBC’s 62% drop in profits last year, and the bank has closed 62 UK branches and shifted 1,000 jobs to Paris due to Brexit. The Financial Conduct Authority rates HSBC as the second-worst bank for customer complaints about banking, credit cards and mortgages. ...
'Bank of mum and dad' to lend £6.5bn this year, report predicts image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 05:01:18 AM
....This is a 30% increase on the £5bn loaned in 2016, according to research from Legal & General and economics consultancy Cebr, and means parents will be involved in more than 25% of UK property transactions. The so-called bank of mum and dad will help fund property purchases worth about £75bn in 2017, the report says, including deposits for more than 298,000 mortgages. ...
Bank of mum and dad to finance a quarter of UK mortgage payments in 2017 image
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Related to :
Smaller deposits raise hopes for UK first-time homebuyers image
Source : Guardian [Read Article] Sunday 30th of April 2017 11:01:13 PM
. Easier access to mortgages with a small deposit has offered some glimmers of hope for first-time buyers struggling to get on to Britain’s housing ladder, according to a new report. ...
Green heating system accused of causing 'fuel poverty' image
Source : BBC [Read Article] Sunday 30th of April 2017 12:47:23 AM
....". Ms London said she had come across contracts locking customers in for 40 and even 80 years, and estates where those who owned their own homes were moving house because they could not afford the mortgage and the heat bills. ...
Our flat was perfect  – until planners let a restaurant open below image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....“People are concerned about the restaurant,” said our estate agent after just four viewings in as many months. According to his firm’s mortgage adviser, most high-street lenders were turning down applications left and right for flats above A3 units due to the increased risks of fire, noise, cooking smells and, of course, diminished value. ...
UK economy grows by 0.3% as service sector slows image
Source : BBC [Read Article] Friday 28th of April 2017 08:32:58 AM
....The caution among consumers was underlined on Friday in separate figures from the British Bankers' Association. These showed British banks approved the fewest mortgages in four months in March and consumer credit growth slowed. ...
House prices fell again in April, Nationwide says image
Source : BBC [Read Article] Friday 28th of April 2017 07:25:06 AM
....However, Mr Gardner added that in some respects, the slowdown in price growth was "surprising". "The unemployment rate is near to a 40-year low, confidence is still relatively high and mortgage rates have fallen to new all-time lows in recent months. ...
RBS reports first quarter profit as turnaround continues image
Source : BBC [Read Article] Friday 28th of April 2017 06:26:06 AM
.... The stake was bought in 2008 at a cost of £45bn. The lender said it had no update on progress in talks with the US Justice Department over claims that it mis-sold mortgage securities in the build-up to the 2008 financial crisis. ...
Will Lloyds chief enjoy plain sailing or will he jump ship? | Nils Pratley image
....Under the current set-up, Lloyds’ leadership in UK retail banking is assured as far as the eye can see. It is big in all the main activities – current accounts, mortgages, retail deposits, loans to small businesses – and is filling the only obvious gap by boosting its credit card operation with the addition of the MBNA book. ...

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