Mortgage News: April 2005
Home
loans hit a seven-month high
Published: Apr 30 2005 (guardian.co.uk)
City surprised as borrowing rises sharply.
Lenders
double mortgage exit costs
Published: 29 Apr 2005 (thisislondon.co.uk)
MORTGAGE exit fees have risen by more than 100% over the past year as
lenders try to put a stop to 'rate tarts' switching products.
Standard
boss forecasts comeback of endowment mortgages
Published: 25 Apr, 2005 (business.timesonline.co.uk)
SIR BRIAN STEWART, Standard Life’s chairman, has predicted that
the mortgage endowment policy will make a comeback.
Borrowers
and savers hit by fresh rip-offs
Published: 24 Apr 2005 (business.timesonline.co.uk)
Companies are clamping down on people who switch deals by charging
them up to £1,300.
Mortgages
stabilise
Published: 21 Apr 2005 (leedstoday.net)
THE RECENT drop-off in mortgage activity may be over, new figures from
banking groups have shown.
Rental
yields rise as young stay renting
Published: 21 Apr 2005 (in2perspective.com)
Investor landlords are benefiting from higher average rental yields,
rising from 6.8% to 6.9% since last month, according to Paragon Mortgages’
latest Buy-to-Let Index.
Mortgage
market to fall
Published: 06 Apr 2005 (myfinances.co.uk)
Over the next three years mortgage lending in the UK will fall by ten
per cent, according to market analyst Datamonitor.
Rental
yields continue upward trend
Published: 4 Apr 2005 (db.riskwaters.com)
Quarterly rental yield figures have grown again according to the latest
figures from Landlord Mortgages.
Interest-only
loans: are they worth the gamble?
Published: 3 Apr 2005 (observer.guardian.co.uk)
The cons could well outnumber the pros, warns Sally McCrone.
Cracks
appear in Brown vision of home ownership
Published: 02 Apr 2005 (timesonline.co.uk)
GORDON BROWN’S pledge to create a million more homeowners in five
years began to unravel yesterday as it emerged that only 125,000 households
are expected to take up the Government’s new equity schemes.
Lenders
say Labour plan on mortgages carries risks
Published: 02 Apr 2005 (telegraph.co.uk)
The Government is planning to underwrite private mortgages as part of
its effort to get 100,000 struggling households on to the property ladder
by 2010, it emerged yesterday.
Interest
rates halved with Labour - The Tories would put mortgages at risk
Published: 1 Apr 2005 (labour.org.uk)
GORDON BROWN MP, Labour's Chancellor of the Exchequer, unveiling Labour's
latest poster said: "As a result of the economic stability created
since 1997, interest rates have averaged 5.2 per cent - half the average
level under the Conservatives from 1979 to 1997.
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