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Figures from the Bank of England show that the number of mortgages approved for UK home buyers was barely changed in July at 48,722. The Bank’s figures show that in July, [...] Bank of England report shows mortgage lending at it’s second lowest level since records began. Net lending totalled £86m for the month, down from June’s £518m and the second-lowest monthly lending figure since the Bank’s [...] More families will lose their homes, charities warn, as the Government prepares to reduce the amount of financial support it provides to borrowers by as much as £200 a month. But some of [...] Overdue homeowners are warned that a four pronged whammy will see the number of home repossessions increase. The latest forecast from the Council of Mortgage Lenders [...] UK homeowners increased the value of their stakes in their properties by £3.2bn in the first three months of 2010, new figures show. The rise was due to homeowners paying off more of their mortgage and [...] UK house prices have fallen slightly in the early summer compared with the start of the year, a new survey has found. This meant prices in the second three months of the year were 0.1% lower than [...] Lenders have warned that homebuyers could face a fresh squeeze on mortgages in the next three months, according to a Bank of England report. However, the rate at which mortgage holders and businesses default [...] The rate at which mortgage holders and businesses default on loans has fallen “unexpectedly”, according to the Bank of England. However, the Bank’s Credit Conditions Survey said that the default rate was expected to remain unchanged in the third quarter of [...] The fact that remortgage interest rates are coming down is good news for borrowers as re-mortgage lenders are more comfortable with the new landscape of the remortgage market.Proof of this attitude to lend and is that they are now competing against each other on best buys, something we haven’t seen in the market for some [...] The cost of fixed rate mortgages fell to a new record low during May as competition continued to return to the market, official figures show. Rates charged on [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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