Mortgages News

By Sharlene GoffPublished: November 25 2005 20:59 | Last updated: November 25 2005 20:59The British Property Federation has warned that the latest buy-to-let mortgages being offered by some lenders could lead to borrowers struggling to meet mortgage repayments, which would increase the risk of property repossessions. The lobbying group has voiced concerns about the growing number of buy-to-let agreements that do not require rental income to be more than the monthly mortgage interest repayments. ...

CHICAGO (Dow Jones) -- Treasury prices rose in Friday's shortened trading session, sending benchmark 10-year yields to their lowest in nearly four weeks as investors continue to rethink the interest-rate outlook. Bonds gained on expectations that the Federal Reserve will begin to prepare financial markets for cessation of its policy-tightening campaign, likely early next year. This theme was ...

Thu 24th Nov 2005 The Scarborough fee-assisted ten-year fix mortgage has been launched and it comes with a rate of 6.74 per cent.Borrowers of the Scarborough fee-assisted ten-year fix will also receive 11 per cent cashback and will get a refund of up to £405 for their valuation fee, reports Mortgage Introducer.Tony Burdin, head of retail strategy at Scarborough, said: "In line with our commi ...

Fri 25th Nov 2005 The Yorkshire Terriers Mortgage has been launched specifically for Huddersfield Town fans.The mortgage comprises a three-year deal that has a rate of 0.59 per cent above the Bank of England (BoE) rate.Upon completion, customers will receive cashback equal in value to 0.6 per cent of the loan and there are no arrangement fees to pay.David Heshon of Yorkshire Building Society, sai ...

LOS ANGELES (MarketWatch) -- Two years ago, Harriet Skarie and her family sold a labor-intensive 105-unit residential building for $8.725 million and paid tax on only half a million dollars of capital gains -- even though the tax basis in the property was about $5 million. She and her family were so delighted, they did it again with another property for similar tax savings. document.write('' ...

Asubstantial number of mortgage lenders have relaxed the terms of their buy-to-let deals, sparking concerns among industry experts that property investors are becoming increasingly vulnerable to small fluctuations in interest rates or modest hikes in unemployment. // As competition in the buy-to-let market has intensified, many of the biggest providers have lowered the demands on the level of rental cover expected from their properties and lifted their levels of permitted borrowing as a propor ...

CHICAGO (MarketWatch) -- Treasury prices rose in Friday's shortened trading session, sending benchmark 10-year yields to their lowest in nearly four weeks as investors continue to rethink the interest-rate outlook. document.write('');   MARKETWATCH TOP NEWS Shopping frenzy starts early, rolls coast to coast E-shopping to rise 33%, but which sites will bene ...

CHICAGO (Dow Jones) - Treasury prices rose in Friday's shortened trading session, sending benchmark yields to their lowest in nearly four weeks as investors continued to rethink the interest-rate outlook. Bonds gained on expectations the Federal Reserve could begin to prepare financial markets for the end to its interest-rate hiking cycle, likely early next year. This trading theme was set i ...

LONDON (Reuters) - Loan approvals for home purchases rose 23 percent on a year ago in October, data from the British Bankers' Association showed on Friday, in further evidence that housing market activity is gradually picking up. Mortgage approvals -- the number of loans agreed but not yet made -- rose to 72,328 from 70,105 in September. The figure, often viewed as a leading indicator of house prices, was the highest since June 2004 and up markedly from 59,011 a year earlier. "The data sugges ...

Thu 24th Nov 2005 A Leeds ten-year fixed rate mortgage has been launched following the latest Bank of England (BoE) quarterly inflation report.The mortgage comes with a rate of 4.69 per cent and is available via the building society's intermediary network, reports Mortgage Introducer.Customers borrowing the Leeds ten-year fixed rate mortgage will have up to 80 per cent loan to value (LTV) availab ...