Mortgages News

Simon Lambert, This is Money7 March 2006 BUYERS struggling to make headway in the housing market are being penalised by hefty higher lending charges – costing them up to £4,000 over two years. BUYER'S BLUES: First-timers struggling to raise deposits are being hit by higher lending charges WANT TO KNOW MORE? REPORT: Call to end 'antique' stamp duty DEAL FINDER: Best mortgage rates BLOG: Stop paying too much tax OTHER STORIES Call to end 'antique' stamp duty G ...

By Colin Brinsden SYDNEY (Reuters) - Northern Rock Plc (NRK.L: Quote, Profile, Research) , the country's eighth-largest listed bank, said on Tuesday it is looking at Australia to diversify its growing funding requirement with a A$2 billion (420 million pound) debt programme. The mortgage-focused bank started an Australian investor roadshow this week, arranged by UBS and National Australia Bank.  ...

Two developments on Monday highlighted the burgeoning interest among banks and investors on both sides of the Atlantic for trading in derivatives of bonds secured against mortgages and other loans. // The US saw the launch of CMBX, a new index covering commercial mortgage backed securities (CMBS), while in Europe two banks completed the first public trade of a futures contract based on a recently ...

Mon 6th Mar 2006 A pair of new Victoria Mortgages Three-Year Near-Prime Fixed-Rate deals have been launched today. The first is available at 5.69 per cent up to 75 per cent loan to value (LTV) and the second at 6.09 per cent for up to 90 per cent LTV. Both self-certified and status customers are eligible for the offers, although fees for self-certified or remortgaging customers may be a ...

Mon 6th Mar 2006 A Mortgage Next Two-Year Discounted Self-Certified product has been announced today, with rates starting at 4.84 per cent for loans up to 75 per cent loan to value (LTV). For mortgages up to 85 per cent LTV a rate of 4.94 per cent will be available and this will rise to 5.18 per cent for deals up to 90 per cent LTV, product website Mortgage Introducer reports. Following ...

Simon Lambert, This is Money6 March 2006 GORDON Brown has been urged to completely overhaul stamp duty and give first-time buyers a hand in the run-up to the Budget. STAMP COLLECTION: The Government should overhaul stamp duty completely according to the Rics WANT TO KNOW MORE? REPORT: January mortgages' £29bn high DEAL FINDER: Best mortgage rates GUIDES: Stamp duty OTHER STORIES Get your home on the screen It's buy-to-let boomtime New on the market January mort ...

The Government has been warned that it could face legal challenges after it announced that redundancy pay will continue to vary with age, even after age discrimination at work is outlawed. Patrick Grattan of the third Age Employment Network told Money Box on BBC Radio 4: "The Government has decided to keep what seems to be an unlawful situation. I would certainly expect legal challenges. If I was 38 and had a mortgage and children and didn't get as much [redundancy payment] as someone of 42, ...

Strength in securities stocks and the real estate sector boosted the Nikkei 225 on Monday. The Nikkei closed 1.5 per cent higher at 15,901.16. The Topix rose 0.8 per cent to 1,626.46, dragged down by the flat performance of banking stocks, which have a high weighting in the index. // The securities sector rose 3.2 per cent, following Friday’s news that Nomura, Japan’s biggest securities house, w ...