Mortgage lending in Scotland lags the rest of the UK

Mortgage lending in Scotland rose in the third quarter – but at a much lower rate than the UK as a whole, according to the latest data released by mortgage lenders.The Council of Mortgage Lenders (CML) Scotland said 12,400 loans were taken out, which was 900 more than in the previous quarter.

That figure represented a [...]

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Mortgage lending outlook uncertain predicts CML

Economic uncertainty makes the future of the UK mortgage market “difficult to call”, a mortgage lenders’ group has said.Paul Smee, director general of the Council of Mortgage Lenders (CML), said the market for home loans was currently stable.

The number of mortgages taken out for house purchases was 48,200 in September, down 2% from the month [...]

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Barclays heads UK complaints list among banks

More complaints were made about Barclays than any other banking brand by UK customers in the first half of the year, figures have shown.The bank received 251,563 complaints, with 53% of closed cases upheld in customers’ favour, the Financial Services Authority (FSA) figures show.

Barclays said it had cut complaints by 14% compared with a year [...]

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Mortgage deals increase but deposits remain high

The number of mortgage deals available has returned to the level of early 2008, before the banking crisis reached its peak.Of the 2,557 mortgage types on offer, 64% require at least a 20% deposit and only 2% need a deposit of 5% or less.

Mortgage rationing in the past few years has led to home sales [...]

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Renewable heating systems- household grants available

Households looking to install renewable heating systems are now eligible for up to £1,250 from the government.People who opt for greener methods such as biomass boilers and solar panels can apply to the £15 million Premium Payment fund set up to support 25,000 installations.

The scheme is mainly aimed at the 4m UK homes not heated [...]

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Home repossession fears exaggerated says Bank governor

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.
Sir Mervyn King said conditions were not right for an interest rate rise. He felt that when there was one, there would be a delay in it feeding through to other [...]

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Mortgage advances up by 8% during April

Mortgage advances to people buying a home jumped by 8% during April but lending levels remained down on a year earlier new figures show.
Around 40,900 loans were taken out by people moving home during the month, compared with 37,900 in March, but the total was still 2% lower than in April last year, according to [...]

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Mortgage rescue plan missed targets finds says Audit Office

A scheme aimed at preventing people losing their homes in England proved to be below target but above budget new research finds.
The Mortgage Rescue Scheme enabled not for profit housing associations to buy a stake or all of a home and allow the residents to continue living there by renting it back.

The National Audit Office [...]

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Homeowners looking to remortgage- finance lenders say

There were 33,900 remortgage loans advanced last month – up 16% compared with the previous month, the Council of Mortgage Lenders (CML) say.
Expectations of interest rate increases led to larger numbers of homeowners remortgaging in March, UK lenders say.

The figure is 17% higher than the same month a year ago.

Home loans for house [...]

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UK mortgage lending rose 21% in March lenders say

UK mortgage lending rose in March when the amount lent in home loans rose by 21% compared with the previous month lenders have said.However the increase came after a dip in lending for home loans at the start of the year the Council of Mortgage Lenders (CML) figures show.

There was a 2% drop in gross [...]

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