The number of mortgages approved for house purchase rose to an eight month high during March as activity in the property market showed signs of picking up.
A total of 31,660 loans were approved for people buying a new home, 5% more than during the previous month and the highest level since July last year, according [...]
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?
With the Bank of England’s Monetary Policy Committee voting on interest rates many think that it is a question of when, not if, rates will go up.
Millions of homeowners will be [...]
Bank of Ireland has seen its net loss for 2010 fall to 609m euros, (£544m) after negotiating debt write downs from its bondholders.The results came as a surprise to analysts, who had forecast at least double those losses in line with the wider problems in Dublin’s banking sector.
Bank of Ireland’s 2009 loss was almost three [...]
UK unemployment fell by 17,000 in the three months to the end of February to 2.48 million- the first drop since last autumn official figures show.
The Office for National Statistics (ONS) said the rate of unemployment in the UK had fallen to 7.8%.
Unemployment among 16 to 24-year-olds stood at 963,000, with the jobless rate for [...]
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.
Five councils are pioneering a scheme aimed at buyers who can afford the monthly mortgage repayments but do not have a lump sum saved up.
Many first-time buyers find it difficult to purchase a home because lenders are asking for [...]
The Halifax will make payments to 300,000 mortgage customers, up to a £500m total, after reaching a deal with the Financial Services Authority (FSA).
The bank, now part of nationalised Lloyds Banking Group, admitted confusing customers about its right to charge them more for their standard variable rate mortgages.
The Halifax raised the margin on some of [...]
Many first time buyers must save the equivalent of more than a year’s salary to be able to afford a deposit for a home, the Council of Mortgage Lenders (CML) have warned.
The typical deposit stood at £12,700 at the start of 2007, but rose to £31,500 by the second half of 2010.
The figures were released [...]
Fixed rate mortgages were at their most expensive for six months at the start of February, according to research by financial information service Moneyfacts.
It said that lenders were finding that the cost of raising money themselves had risen in recent months, and this was being forwarded to customers.
“The majority of lenders have increased rates since [...]
Cautious buyers and sellers failed to give any fresh impetus to the housing market in January, a survey has found.
All the key elements of the UK market pointed to a “sluggish” start to the year, the Royal Institution of Chartered Surveyors (RICS) said.
A lack of demand among buyers and low levels of supply of good, [...]
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