Mortgage News: September 2005
Homeowners
set to benefit from new bank rules
Published: Sep 30, 2005 (today.reuters.co.uk)
LONDON (Reuters) - Mortgages in Britain and other countries are set
to become cheaper and interest on many credit cards could fall as a
result of complex new regulation aimed at reducing credit risk, experts
said on Friday.
Mortgages
costing £1bn too much
Published: 28 Sep 2005 (myfinances.co.uk)
Mortgage holders have wasted over £1 billion on unnecessary higher
lending charges in the last five years, Nationwide reveals.
The
OAPs still paying mortgages
Published: 28 September 2005 (thisismoney.co.uk)
HALF a million homeowners are still paying off their mortgages after
retiring from work, research revealed yesterday.
First
time buyers hope to pay less
Published: 24 September 2005 (easier.com)
Over 1.3 million non-homeowners hope to pay less than the average house
price for their first home, reveals Alliance & Leicester Mortgages’
quarterly movingimproving index.
Rate
cut prompts rush to refinance mortgages
Published: September 21, 2005 (property.timesonline.co.uk)
COST-CONSCIOUS homeowners have quickly seized on last month’s
cut in interest rates to refinance their mortgages.
£93
'trigger' to tempt remortgagers
Published: 19 September 2005 (thisismoney.co.uk)
HOMEOWNERS are only tempted to switch their mortgage if it will save
them at least £93 a month, with many not bothering as they assume
it will be too costly and time-consuming.s
Lenders
raise the roof on mortgages
Published: 18 September 2005 (observer.guardian.co.uk)
Bigger home loans are on the way - thanks to new ways of assessing borrowers'
disposable income. Jill Insley reports.
Mortgage
costs will increase under EC plan, say lenders
Published: 14 September 2005 (news.assetz.co.uk)
The Council of Mortgage Lenders (CML) has warned that European Commission
(EC) plans to encourage cross border lending could result in the mortgage
approval process becoming more expensive and bogged down in administrative
paperwork.
Home
debts swallow more income
Published: September 10 2005 (icwales.icnetwork.co.uk)
THE cost of servicing mortgages is taking up an increasing amount of
the nation's disposable income, according to new figures.
Mortgages
shaved despite hold in interest rates
Published: 09 September 2005 (telegraph.co.uk)
The Bank of England left the interest rate unchanged at 4½pc
yesterday but that did not dissuade mortgage lenders from continuing
to cut their borrowing rates.
Petition
launched to help endowment victims
Published: September 08, 2005 (today.reuters.co.uk)
LONDON (Reuters) - Endowment mortgage holders who believe they were
mis-sold their policy are adding their voices to a Web site petition
to lobby the financial regulator and the government to overturn the
three-year time limit for complaints.
People
penalised for switching smaller mortgages
Published: 08 September 2005 (myfinances.co.uk)
As mortgage arrangement fees soar, those with smaller mortgages are
being penalised, a new report shows.
Cost
of servicing mortgages jumps in August
Published: 7th September 2005 (db.riskwaters.com)
The cost of servicing a mortgage debt jump in August to 18.7% of borrowers
household disposable income compared to 18.4% in July, new research
from the Woolwich claims.
Watchdog
slams mortgage brokers
Published: 06 September 2005 (thisismoney.co.uk)
MORTGAGE brokers are helping financially vulnerable people to obtain
mortgages by inflating incomes on application forms.
Also reported by: Guardian
Unlimited, Financial
Times, IFA
Online.
Germans
are buying our endowments - should you?
Published: September 04, 2005 (business.timesonline.co.uk)
Unloved at home, second-hand mortgage policies have become highly sought
after on the Continent, writes David Budworth.
Banks
set for sharp increase in mortgages to landlords
Published: September 05 2005 (business.timesonline.co.uk)
BANKS in the buy-to-let market are looking forward to a sharp rise in
demand for loans resulting from an expected 40 per cent surge in the
private rented sector.
Buy-to-let
housing segment is not benefited by interest rate cut
Published: 03 Sep 2005 (abcmoney.co.uk)
LONDON: The buy-to-let housing segment in the U.K. has not derived any
benefit from the recent interest rate cut by the Bank of England. It
is facing a critical situation after several years of sustained growth,
according to industry sources.
Warning:
The only way is up
Published: September 02 2005 (property.timesonline.co.uk)
Fixed-rate deals are unlikely to go any lower, so snap one up now, says
Paula Hawkins of The Times.
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