mortgages
Trying to broker a mortgage case in this era of regulatory and lender scrutiny is almost as frightening as a Freddy Krueger movie, but there is one reason why you should never be afraid, writes Prolific Mortgages managing director Lea Karasavvas.
Loans for home purchases reached their highest number since December 2009 in November thanks to the loosest mortgage lending conditions seen since the Lehman collapse, according to the latest Mortgage Monitor from e.surv chartered surveyors.
Chancellor George Osborne has not extended the Stamp Duty holiday for first-time buyers, with the Autumn Statement revealing the government believes it has proved “ineffective”.
Other mortgages articles
Saffron Building Society's John Eastgate on why direct channels still cannot compete with intermediaries...
Tesco Bank has posted a 65.9% increase in profits for the first half of 2011/12 compared to the same period last year.
The FSA noted a jump in advised sales of personal pensions in 2010/11 compared with the previous year, and said this could reflect pension switching, a practice it pointed out some firms had failed to carry out appropriately in the past.
Taxpayer-owned banks are set to warn their mortgage customers that they must put their mortgage repayments first, rather than renewing their digital TV subscription or buying a new phone.
The mortgage industry needs a radical rethink, according to Spicerhaart's Alison Beech, who has called for the creation of a long-term, sustainable plan that helps everyone, including first-timer buyers.
The average age when potential first-time buyers expect to get on the property ladder is 35-years-old.
Britain faces a wave of home repossessions when interest rates begin to rise again, one of the country’s leading bankers has warned.
Who moved where in another busy week in financial services...
Colin Walsh, chairman of the Council of Mortgage Lenders (CML), is set to leave the organisation.
Variable rate mortgage lenders are failing to pass on cuts in the base rate to customers, meaning some will face “real financial difficulty” when rates climb again, research suggests.
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