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As the Bank of England figures show mortgage lending at their second lowest level since records began a think tank calls for new home cash incentives. Instead of the current system where council [...] The number of internet searches for UK fixed rate mortgages soared between April – June 2010 (Q2) compared to the same time period last year. Searches for the term ‘fixed rate mortgages 10 years’ up almost ten fold over the period. Searches for ‘fixed rate mortgages 5 years’ increased seven fold, while searches for ‘tracker mortgages’ only [...] Sellers have been asking for lower prices for property as buyer interest has dropped during the holiday season, a survey has suggested. It said that, with many potential buyers on holiday, the over-supply has led to asking prices falling in August. The [...] More than one million home owners on interest only deals face a sharp rise in interest rates when their current deal expires. Coventry Building Society has become the latest mortgage lender to [...] More families will lose their homes, charities warn, as the Government prepares to reduce the amount of financial support it provides to borrowers by as much as £200 a month. But some of [...] Hundreds of thousands of retired home owners face have having their homes repossessed as banks refuse to extend their mortgage terms.Lenders have imposed tight age restrictions on elderly borrowers who have been unable to pay off their mortgage before reaching retirement. Falls in their investments as a result of the worst economic crisis in a generation [...] House prices are starting to fall, the latest survey by the Royal Institution of Chartered Surveyors (Rics) has said. Rics said this was because more homes were being put up for sale, while inquiries from potential new buyers [...] Mortgage lenders are contining to ration their home loans to home buyers and re-mortgagers. But 58% of the deals available still require a downpayment of at least 25% of the value of [...] UK house prices inflation in the UK continued to ease off in July, the Nationwide building society has said. The price of the average home is now £169,347, almost the same as [...] UK gross mortgage lending, which includes lending to people remortgaging as well as house buyers, rose by 15% in June to £13.1bn. However, the CML said June’s increase was just a seasonal pick-up and that lending remained subdued. “There are [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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