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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, [...] 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 [...] UK homeowners increased the value of their stakes in their properties by £3.2bn in the first three months of 2010, new figures show. The rise was due to homeowners paying off more of their mortgage and [...] Thousands of Clydesdale and Yorkshire Bank customers face increased mortgage payments after a miscalculation error. The banks, which are both owned by National Australia Bank, said the error was [...] 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 [...] The UK Financial Services Authority (FSA) watchdog has put forward proposals designed to curb excessive mortgage lending. It says it wants to ensure that lenders lend only to those who can afford it – and that means having [...] Three quarters of mortgage holders do not know how an increase in interest rates of one percentage point would affect their budget. The survey of 2,262 people was conducted for an education group, the Consumer Financial Education Body. The [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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