Percentage-based mortgage fees alert
Watch out for a crafty new tactic being used by some banks and building societies to propel themselves into the mortgage "best buy" tables.
The traditional mortgage arra...
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Mortgage lending breaks December record
The mortgage market ended the year strongly with figures published today revealing the busiest December on record.
The Council of Mortgage Lenders (CML) said an estimate...
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Can I get a German mortgage on a British home?
Q My in-laws have a flat in Germany with a low mortgage rate from a German bank. Is there any reason why I can't shop around in Europe for a mortgage on a house in this c...
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Norwich Union cuts payouts on mortgage endowments
Britain's biggest insurer, Norwich Union, is again cutting payouts on maturing mortgage endowment policies - despite its main with-profits funds notching up an investment...
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Should I overpay on my mortgage?
Q My wife and I have a 10-year fixed-rate mortgage with the Co-operative bank. The mortgage has an overpayment option. Any overpayment goes into a fund that I believe imm...
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Housing upturn as mortgages hit 2004 levels
Consumers are increasingly reluctant to borrow money, Bank of England data showed yesterday, but mortgage lending is picking up strongly, indicating the worst may be over...
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Britons return to mortgage market
Mortgage lending increased by £1bn in November as confidence in the housing market began to return, figures out today revealed.
However, consumers remained cautious...
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Mortgage lending hits second highest level on record
Mortgage lending in November reached its highest level since July 2004, the second strongest figure on record, according to lenders today.
The Council of Mortgage Lender...
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Mortgage switchers herald new era of consumer power
The number of customers shopping around for mortgages is rising, although the oldest and poorest customers are least likely to switch, the consumer watchdog said today.
...
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Can I get a mortgage into retirement?
Q I am currently coming to the end of the fixed-rate period for an interest-only mortgage provided by the Halifax in 2003, a year prior to my reaching state pension age. ...
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Cut-price mortgages offered to help first-time buyers gain foothold in property market
Gordon Brown yesterday gave the go-ahead to a new scheme which will help thousands of struggling first-time buyers get on to the property ladder by offering them cut-pric...
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Could I take a mortgage on my house to buy a Sipp?
Q I'm a 40-year-old married teacher with two kids. I earn £40,000 a year and my partner earns £35,000.
I own my house outright (no mortgage) and it's valued at...
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October mortgage take-up hit new heights
Mortgage lending strengthened in October, buoyed by increasing consumer confidence in the housing market, according to the Bank of England today.
Figures from the Bank s...
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Can I get a mortgage one month into a job?
Q I'm a first-time buyer with a 5% deposit. I have a permanent job, but recently learnt that I have to complete a six-month probationary period.
I have only been there f...
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Should we fix our mortgage rate?
We are next-time buyers looking to purchase a fixed-rate mortgage with a view to staying in our next property long term. We have been offered a 10-year fix at 4.89% with ...
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400 jobs at C&G mortgage call centre go to Mumbai
Cheltenham & Gloucester is to close its mortgage application centre near Warwick, with the loss of up to 400 jobs.
C&G, Lloyds TSB's mortgage arm, said the jobs would be...
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Mortgage brokers still let borrowers inflate salaries
Some mortgage brokers are still letting self-employed borrowers inflate their salaries to obtain bigger home loans, according to a report by the financial watchdog.
The ...
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Mortgage brokers fail on record keeping
A number of small mortgage brokers are failing to keep proper records on the sale of home loans to self-employed people, the City watchdog said today.
The Financial Serv...
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Could you advise me on guarantor mortgages?
Q I am going through a divorce and my estranged husband has agreed to sign the house over to me. I am unable to afford the mortgage in my sole name but my father is willi...
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Can I get a postgraduate mortgage?
b>Q I am 28 and about to commence a PhD. I have looked into mortgages for postgraduates, but they don't seem to exist. I am funded for three years on £17,000 tax-fre...
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September boom in mortgage lending
The housing market showed further signs of picking up today, as figures revealed the number of mortgages approved for people buying a new home reached a 15-month high in ...
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Mortgage take-up at 15-month high
Gross mortgage lending by UK banks added up to £17.8bn in September, the highest monthly total since July 2004, according to figures published today by the British B...
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Mortgage lending recovers in September
September was one of the busiest months on record for mortgage lenders, with the total amount advanced to borrowers reaching its highest level since July 2004, new figure...
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Is this mortgage a good deal?
Q We are next-time buyers looking to purchase a fixed-rate mortgage with a view to staying in our next property long term. We have been offered a 10-year fix at 4.89% wit...
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Best mortgage provider: First Direct
Winning this category is quite an achievement for a veritable minnow in the mortgage sector, which has just 55,000 borrowers among a total customer base of 1.2 million an...
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Interest rate cut sparks mortgage approval rise
Mortgage approvals rose substantially in August after the Bank of England cut the interest rate for the first time in two years, official figures showed today.
The Bank ...
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Should we get a repayment or interest-only mortgage?
Q We are a self-employed couple who are looking at flexible self-certificated mortgages.
We are thinking of saving money in a savings vehicle such as an Isa to repay an ...
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Rate cut prompts increase in mortgage approvals
The number of mortgages to buy homes rose sharply last month in the first annual increase for more than a year, the British Bankers' Association said yesterday.
The data...
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Mortgage fees 'costly for borrowers
UK mortgage customers have paid over £1bn in higher lending charges over the past five years, according to new research by Nationwide building society.
The society ...
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Rise in mortgage lending points to housing slump levelling off
Mortgage lending picked up last month, banks reported yesterday, providing further evidence that the housing market may be past the worst of its slowdown.
The lending da...
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