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UK mortgage rates are falling, but lenders may not be passing on the reductions.Banks and building societies are imposing record profit margins on mortgages, despite falling house prices and lending levels, independent statisticians claim. The record difference between average mortgage rates and institutional money market costs or ‘swap rates’ is said to add £149 a month [...] Homeowners who bought at the peak of the market face four more years of negative equity, a housing group said. They may now have to wait until 2014 before prices recover enough to make their homes worth more than [...] With the Bank of England’s interest rates at record lows homeowners’ mortgage payments are also low. Interest payments accounted for 13.2% of their income, the lowest since March 2004 but finding a large deposit is still a stumbling block for many, In [...] 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 [...] In March the number of people trying to sell their homes hit its highest level since May 2007, the Royal Institution of Chartered Surveyors (Rics) said. Cold weather and the reintroduction the old stamp duty threshold of £125,000, at the end of 2009, produced a slump in sales and lending at the start of the year. That [...] Mortgage approvals fell in February marking a continued slow start to the year in the UK housing market, Bank of England figures have shown. The number of mortgages approved for house purchases dipped by just over 1,000 to 47,094, the figures showed. This was the third consecutive monthly fall and came after a sharp drop the previous [...] Tracker mortgage rates fell to a record low during January as competition continued to return to the mortgage market figures from the Bank of England show. The average interest rate charged on one of the deals dropped to 3.63pc from 3.92pc during the month, the lowest level since Bank of England records on the product [...] The new red tape will make it harder to get a home loan. We examines the options for home owners and buyers. Tens of thousands of home owners could struggle to remortgage when their current deal comes to an end, if strict new mortgage regulations are enforced. Under proposals published by the Financial Services Authority this [...] First time buyers are financially better off buying a property rather than renting because of falling house prices, according to new research. The drop in house prices since the peak in the market two years ago means it is now cheaper to get a foot on the property ladder than to pay rent to landlord. Buyers could [...] UK mortgage interest rates drop as more lenders, including Northern Rock and Woolwich make cuts. Northern Rock is increasing the maximum LTV to qualify for its best rate from 65pc to 70pc, reducing its rates and also cutting the £995 arrangement fee for all residential purchases (but not remortgages) to £595. The cheapest two-year fix for purchases [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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