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Mortgage lending jumped in June- allbeit from a very low level, the Council of Mortgage Lenders (CML) has said.The total number of new home loans to house buyers rose by 22% from May, to 46,700. And those specifically to first time buyers reached a 10 month high, up 24% from May to 18,100. Although the level of [...] Interest rates on new mortgage deals have fallen to their lowest level for 23 years since 1988, according to new research. This has been due to the expectation that the Bank of England is unlikely to raise its bank rate above [...] The interest rates charged on fixed rate mortgages fell to a record low during May as lenders passed on reductions in their own funding costs to borrowers. Interest [...] House repossessions are likely to rise again next year the Council of Mortgage lenders (CML) has warned. Mortgage rationing which has depressed UK property sales will stay in force until at least the end of [...] The cheapest ever five year fixed rate mortgage deal was launched last week. This may prove tempting for home owners looking to protect themselves against interest rate rises.The loan, from ING Direct, allows home owners to fix the interest rate they pay at 3.69pc for the next five years. Many borrowers have faced the dilemma of [...] Estate agents Savills predicts a 10 year downturn in house prices with some homes losing up to 15% of their value when inflation is factored into calculations. Larger homes in popular locations will [...] First time buyers’ share of the mortgage market fell to its lowest level for three years in July, according to new figures. Although they had to put down an average [...] 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 [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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