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Figures from the Bank of England show that the number of mortgages approved for UK home buyers was barely changed in July at 48,722. The Bank’s figures show that in July, [...] Bank of England report shows mortgage lending at it’s second lowest level since records began. Net lending totalled £86m for the month, down from June’s £518m and the second-lowest monthly lending figure since the Bank’s [...] 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 [...] Mortgage lending to home buyers increased again in June according to the Council of Mortgage Lenders (CML). The CML said activity was “still on an upward trajectory” and described [...] 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 [...] Royal Bank of Scotland (RBS) has been accused of making customers pay above average rates on their mortgages despite the nationalised banking group reporting profits. 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 [...] The number of loans made for house purchases rose slightly in the UK in May as low interest rates continued, lenders have said. Mortgage interest payments accounted for the lowest [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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