Mortgages News

Adrian Lowery, This is Money14 March 2006 SURVEYING the range of life insurance products on offer can be somewhat intimidating. But there's no need to feel overwhelmed because it's really quite straightforward: term assurance is all most people need, and it can be pretty cheap. LOOKING AHEAD: If you have children you will probably want to protect at least your mortgage OTHER STORIES Five insurance stings to watch Insurer: You might be terrorists New on the market Price  ...

Mon 13th Mar 2006 An independent price comparison website says that people who took out fixed-rate mortgages two years ago should review their payment rates to prevent overpayment. MoneyExpert's research claims that in 2004 fixed-rate mortgages had average annual percentage rates of around 5.3 per cent but that now these have dropped to roughly 5.06 per cent. A quarter point interest ra ...

Mon 13th Mar 2006 Abbey 's new-build and flexible deals are available from today. Its new-build fixed-rate and tracker two-year mortgages have been introduced at a rate of 4.69 per cent with a minimum deposit of ten per cent, reports mortgage introducer, the financial product website. Abbey's New Flexible Plus product will be offered at an interest rate of 5.09, 0.16 per cent better val ...

TEMPTING treats are costing the nation millions of pounds that could be used to double pensions or slash years off the mortgage. Research from Experian's credit monitoring service, Credit Expert, shows that the average north west worker will fritter away £60,122 in a lifetime on chocolate bars, expensive coffees, lottery tickets and unused gym membership. The region is the second most likely to  ...

By Lorna Bourke LONDON (Citywire) - Buy-to-let investors have less than a month to go before licensing of homes in multiple occupation (HMOs) becomes effective on April 6. Licensing will affect a large number of landlords who let homes to flat sharers, the largest single group of tenants and vital to the buy-to-let market. Under the Housing Act 2004, the government has introduced a new definition of HMOs. Under the new scheme an HMO will be any property shared by more than three unrelated ten ...

Simon Lambert, This is Money13 March 2006 THE mini-boom in the property market was confirmed by official figures released today that show house prices continuing to bounce back. BOUNCING BACK: Property prices have steadily risen after growth reached a nine-year low last october WANT TO KNOW MORE? REPORT: Stamp duty cut 'was a sham' DEAL FINDER: Best mortgage rates GUIDES: Buying and selling tips POLL: Should water meters be compulsory for all? OTHER STORIES Stamp duty  ...

UK house prices are accelerating, according to figures from the Office of the Deputy Prime Minister (ODPM). Its latest monthly survey of new mortgage loans shows that prices rose by 4.3% in the year to January. That was higher than the 2.9% rate recorded in December and is the highest since the middle of last year. The ODPM's survey, of 45,000 new mortgages, echoes recent studies by the Halifax and Nationwide which have reported that prices are picking up. The ODPM says prices have now rise ...