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The number of new mortgages approved for home buyers, but not yet lent, fell in September for the first time in five months.The Bank of England said approvals for home buyers were 50,967 in September, down 1,380 or 3% from August. The figures suggest that this year’s modest revival in sales has ended and that mortgage [...] 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 [...] The consumer group Which? has accused banks and building societies of raising interest rates on homeowners who have standard variable rate mortgages. More than 40% of mortgage borrowers are now on standard variable rates- which generally start after cheap introductory mortgage deals [...] Mortgage advances to people buying a home jumped by 8% during April but lending levels remained down on a year earlier new figures show. 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 [...] Mortgage interest rates have been held at a record low for 25 months now- should you fix your rate or stick on a variable rate? Millions of homeowners will be [...] Savers and borrowers could benefit by locking in the best interest rates for more than a year. New research showed that UK interest rates offered on relatively short-term fixed-rate bonds have been rising since August 2010. However, they have been increasing from an all-time low of 2.52% for a one-year bond. The movement signals an expectation of a [...] Councils are to help first time buyers get on the housing ladder by topping up their deposits. Many first-time buyers find it difficult to purchase a home because lenders are asking for [...] UK house prices fell by by 1.4% in January compared with the previous month, government figures show.However, there were significant regional variations in the monthly data from the Department for Communities and Local Government (DCLG). In the East of England, prices rose by 2.8% but there was a 3.6% fall in property values in Yorkshire and [...] Northern Rock has announced that it is to start offering again mortgages of up to 90% of a property’s value for the first time since it was nationalised. This is [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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