Lenders raise the roof on mortgages
Homebuyers should be able to take out bigger mortgages thanks to a new method of calculating how much they can borrow.
In the past, lenders have calculated how much they...
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Pensioners warned of 7% mortgage
A pensioner charity this week warned property rich, cash poor homeowners to be wary of commission hungry sales staff using hard sell tactics to sell inappropriate equity ...
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Must I be made permanent at work to get a mortgage?
Q I am currently having problems getting a mortgage. Until January 2005 I was a PhD student. After that I worked on a temporary contract but have now recently started a n...
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Must I sell my property to pay an old mortgage shortfall?
Q I own a shared-ownership property and have, with a co-owner, a 50% share in the leasehold. I am now, after 11 years, being pursued by Bradford & Bingley for a mortgage ...
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Mortgage firms face FSA inquiry
The Financial Services Authority is investigating three mortgage brokers that may have helped customers inflate their income to enable them to qualify for home loans.
Th...
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It will cost me £295 to switch mortgages - is this right?
Q I am about to switch mortgages as I have reached the end of my two-year discounted period with Alliance & Leicester. I was shocked to discover from my solicitor that A&...
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Mortgage lending rise slowest for three years
UK mortgage lending rose at its weakest pace for more than three years in July, with consumer credit also growing less than expected, official figures showed today.
Howe...
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Mortgages drop back
Total mortgage lending reached £25.2bn last month, 2% less than during June and 13% below the levels seen in July last year, according to the Council of Mortgage Le...
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Borrowers opt for fixed mortgages
Half of all mortgages taken out in July were fixed-rate deals, as the average price of these loans fell for the ninth consecutive month, figures showed today, but lending...
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New first-time mortgage counts parents' income
Parents who are keen to help their children on to the housing ladder are to be offered a new scheme by Norwich & Peterborough building society.
The Lend a Hand scheme, w...
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How do I get a mortgage with my bad credit rating?
Q I am looking to apply for a mortgage but my national credit score is rated as poor (700 out of 1000). During my twenties I was irresponsible with debt but now have very...
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Will it cost me £450 to move my mortgage payment date?
Q I've just discovered that I am paying twice for a late direct debit with my mortgage: one £35 fee to Royal Bank of Scotland (RBoS) and one to Birmingham Midshires....
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Mortgage lenders slow to pass on interest rate cut
A number of major mortgage lenders have yet to decide whether to pass on last week's interest rate cut to their customers, it emerged today.
Just four of the UK's bigge...
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Slow down in take up of equity release mortgages
The rate at which retired homeowners are unlocking money tied up in their property slowed during the second quarter of the year, figures showed today.
During the three ...
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Mortgage firms call for tax debt data
Councils should reveal details of council tax arrears to help mortgage companies vet applications, the head of the largest mortgage lender has said.
James Crosby, group ...
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House prices will fall this year, says mortgage body
The body representing Britain's mortgage lenders has cut its forecasts for house price growth and now believes property values will fall 2% this year.
The Council of Mor...
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Alliance & Leicester to cash in on buy-to-let mortgages
Alliance & Leicester is moving into buy-to-let mortgages - a sector it has previously shunned as too risky - to cash in on new pension rules coming in early next year...
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Where can I do my mortgage homework?
Q I have a mortgage with Abbey which I am tied into until early 2006. Can you please recommend a website where I can compare the deals offered by different companies in p...
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Mortgage open market shelved
The European commission yesterday poured cold water on its original plans to open up the EU's €4.2 trillion (£2.9 trillion) mortgage market to more cross-borde...
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Mortgage lending picks up slightly
The amount of money borrowed by people to buy property increased in June, suggesting continuing stability in the housing market, mortgage lenders said today.
The Council...
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It's raining mortgage deals
Expectations of interest rate cuts have encouraged lenders to offer a flurry of new mortgage deals.
Two-year fixes have fallen to new lows, with Savills Private Finance ...
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Mortgages get cheaper as fixed rates fall
Borrowers are being offered cheaper mortgage deals with the UK's largest building society among the lenders announcing interest rate reductions.
Nationwide building soci...
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Sales of non-standard mortgages rise
Mortgage lending to people who would previously have had problems borrowing money is growing at twice the rate of the standard market, a report showed today.
Market anal...
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Should I clear my mortgage or invest money?
Q My wife and I have a current account/mortgage which suits us as we overpay the sum required each month quite substantially. This way we see our mortgage drop each month...
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Halifax shamed over mortgage interest
Two sister companies of the Halifax have been named Britain's most expensive major mortgage lenders in a survey published today.
It reveals that the specialist lenders t...
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Do I need a job to get a mortgage?
Q I am currently not working, having taking a few months gap to travel and recharge, but have now been offered a good job in another part of the country. I need to reloca...
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Mortgage endowment complaints hit record levels
The number of mortgage endowment complaints received by the Financial Ombudsman Service (FOS) has hit record levels, rising by a third in the year to March 31.
The numbe...
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Property price fears as mortgage lending falls
The number of mortgage approvals fell last month by almost a quarter compared with a year ago, reviving fears that the housing market may suffer a sharp fall rather than ...
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Mortgage arrears to curb Bradford & Bingley's profit
A subdued housing market and an increase in the number of buy-to-let property owners getting into mortgage arrears will restrain profit growth this year, Bradford & B...
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Mortgage affordability 'remains steady
Homeowners in England and Wales spend almost one fifth of their income on mortgage repayments, according to research published today.
Lender the Woolwich said that in Ma...
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