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Mortgage interest rates could start to rise again as a result of the turmoil in the eurozone brokers are warning.Some lenders, including Woolwich, Halifax and Santander, have pushed up their tracker rates for new borrowers. This increase follows a rise in the rate at which banks lend to each other – Libor – which has been [...] Average private sector housing rents in England and Wales rose by another 0.7% last month, to hit a new monthly high of £718, a report has said.It means rents have risen by 4.3% in the past 12 months, with tenants paying an average £29 a month more than they were a year ago. The figures were [...] Low interest rates have kept the level of UK mortgage arrears and home repossessions steady according to the Council of Mortgage Lenders (CML).A total of 9,000 homes were repossessed in the second quarter of the year – 100 fewer than in the previous three months, the CML said. The CML has predicted that a total of [...] 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 [...] UK interest rates have been kept at a record low of 0.5% by the Bank of England’s Monetary Policy Committee (MPC).Economists had expected interest rates would remain unchanged due to the subdued economy. GDP figures for the second quarter showed growth of 0.2% with a majority of economists expecting mortgage interest rates to remain unchanged [...] The governor of the Bank of England has said that fears of home repossessions are overdone as UK interest rates are set to remain low. 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 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 [...] The average house price rose in the 10 most prosperous areas by 219% Homeowners in the 10 areas with highest growth rates in [...] UK interest rates have been kept at the record low of 0.5% again by the Bank of England’s Monetary Policy Committee. This is despite the [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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