Mortgages News

By Gavin Lumsden LONDON (Citywire) - Mortgage lenders raised their house price forecasts for the next two years and were told to improve their standards by the Financial Services Authority at their annual general meeting on Tuesday. Following the second-half recovery in the housing market the Council of Mortgage Lenders now predicts modest rises in property prices. Having earlier forecast house prices would be flat from 2205-2007 the CML says it expects the property market will rise by 4 perce ...

Thu 8th Dec 2005 A Pink Home Loans mortgage product with a two per cent discount for three years was launched today.The deal, launched by Pink Home Loans in association with Mutual One, offers an initial 4.49 per cent pay rate, free valuation and free legal fees for those who wish to remortgage.David Copland, marketing director at Pink Home Loans, said: "This is an excellent option for individual ...

Sascha Hutchinson, This is Money8 December 2005 THE Bank of England kept the base rate on hold at 4.5% today for the fourth month in a row. Rates were last cut by a quarter-point in August after a series of increases last year. ON HOLD: The MPC kept rates at 4.5% for the fourth consecutive month WANT TO KNOW MORE? TABLES: Economic data TABLES: Best savings rates DEAL FINDER: Mortgages DEAL FINDER: Saving accounts OTHER STORIES £100m more, Branson tells NTL Mark ...

LONDON (Dow Jones) - Europe's second-largest bank, The Royal Bank of Scotland, on Thursday said its 2005 profit would meet market expectations, but shares declined as the prediction compared negatively with those of rival U.K. banks recently. The Edinburgh-based bank, which analysts polled by Thomson First Call have been expecting to make a profit of 5.3 billion pounds ( $9.25 billion ) for 200 ...

Thu 8th Dec 2005 Three new mortgage products hit the market today as Newcastle Building Society added a range of fixed rate mortgages to its portfolio. The Newcastle fixed rate mortgages are available for two, three and five-year terms and yield the same 4.54 per cent interest rate.Newcastle said that the fixed rate leaves customers to pick their suitable term, adding that their five-year mortgag ...

LONDON (MarketWatch) -- The Royal Bank of Scotland, Europe's second-largest bank, said Thursday its 2005 profit would meet market expectations, but shares declined as the prediction compared negatively with those of rival U.K. banks. document.write('');   MARKETWATCH TOP NEWS Can Legg Mason's Miller top the S&P 500 yet again? Costco 1st-period net, sales up 12%; same-s ...

LONDON (Dow Jones) - Europe's second-largest bank, The Royal Bank of Scotland, on Thursday said its 2005 profit would meet market expectations, but shares declined as the prediction compared negatively with those of rival U.K. banks recently. The Edinburgh-based bank, which analysts polled by Thomson First Call have been expecting to make a profit of 5.3 billion pounds ($9.25 billion) for 2005, ...

Jane Padgham, Evening Standard8 December 2005 A FESTIVE cut in interest rates is likely to be off the agenda when the Bank of England's monetary policy committee meets today. WANT TO KNOW MORE? REPORT: Interest rates held at 4.5% DEAL FINDER: Best mortgage rates DEAL FINDER: Best savings rates TABLES: Economic data OTHER STORIES £100m more, Branson tells NTL Market report: Thur ...

By Steve Slater LONDON (Reuters) - Royal Bank of Scotland said its 2005 financial performance would meet analysts' expectations, boosted by strong growth in corporate banking and at its U.S. unit Citizens. RBS (RBS.L: Quote, Profile, Research) said on Thursday it expects to report good growth in income for the year, a tight control on costs and would generate the expected benefits from recent acquisitions. But its shares fell as dealers said the update failed to match the upbeat tone of smal ...

BOSTON (Dow Jones) -- Homebuilder stocks retreated Wednesday after several reports pointed to a pullback in the housing market next year. The U.S. market for homes will experience a significant drop-off in 2006, according to UCLA's Anderson Forecast to be released Wednesday, the Associated Press reported. The decline in the housing market will probably take place over several years and as ma ...