Mortgages News

Simon Lambert, This is Money22 April 2006 IT'S not so grim up North. The region used to be home to industrial powerhouses and hardworking mining villages but the North West and Yorkshire are now the England's fastest growing £1m home hotspots. HOW MUCH? Manchester United star Wayne Rooney's £3.5m Cheshire home is one of the rising number of £1m-plus homes in the North West WANT TO KNOW MORE? REPORT: Go West for house price rises DEAL FINDER: Best mortga ...

Simon Lambert, This is Money22 April 2006 THE idea of a remote bolt-hole where life takes a step back in time and moves at a slower pace is a dream many people share. DREAM HOME: But you can enjoy the spectacular views only 11 months of the year WANT TO KNOW MORE? DEAL FINDER: Check out your ideal mortgage MONEY BLOG: A 40% profit in 8 months SPECIAL REPORT: Home sales ready to roll DEAL FINDER: The cheapest home improvement loans OTHER STORIES It's not so grim up Nort ...

Fri 21st Apr 2006 An Alliance & Leicester Two-Year Base Rate Tracker mortgage is currently on the market, with an initial rate of 4.44 per cent, which is variable for two years. The interest level on this account will then revert to the Bank of England base rate plus 0.99 per cent for the remaining term of the mortgage – this is currently 5.49 per cent. Early repayment charges  ...

For many people, living in a purpose-built flat or four-bedroom executive box is not enough. They want something more spectacular, maybe a converted mill, barn, chapel, windmill or even a lighthouse. // But getting a mortgage on such a building isn’t always straightforward. Lenders often shun properties that are out of the ordinary, says Melanie Bien, associate director of mortgage brokers Savills Private Finance. “They worry about resale value. If you default on your loan and the lender has to ...

Daily Mail21 April 2006 WALKING down the aisle took on a whole new meaning yesterday as Tesco started selling engagement and wedding rings. WANT TO KNOW MORE? GUIDES: How to invest OTHER STORIES Oil price fuels double scare Friendly bid for garden giant Market report: Friday 09.00 In debt before their time Upbeat Google back in favour THE EDITOR'S CHOICE TOP REPORT: Mutual windfalls TOP TOOL: Loans are now 5.6% TOP TIP: The 0% card trick For as little as £47, ...

Becky Barrow, Daily Mail21 April 2006 TWENTYSOMETHINGS are more weighed down by debt than any other age group, a survey has found. DEBT DRAMA: Twentysomethings are facing an increasing burden of money worries and are twice as likely to be overdrawn WANT TO KNOW MORE? REPORT: Card trick saves your cash GUIDES: Getting out of debt DEAL FINDER: Cut costs with a 0% balance transfer OTHER STORIES Oil price fuels double scare Friendly bid for garden giant Market repor ...

WASHINGTON (Dow Jones) -- Nontraditional mortgage products that appear to save consumers money at first may wind up costing them a lot more later, a top U.S. economic official said Thursday. Speaking to an economic conference in Los Angeles, Comptroller of the Currency John Dugan said new mortgages like so-called payment option ARMs carry what he called "payment shock." "At its core, the 'ba ...

NEW YORK (Dow Jones) -- The real estate slowdown is taking a bite out of Citigroup, Wells Fargo, J.P. Morgan Chase and Wachovia as the blockbuster banks report their first-quarter results. Mortgage applications have been declining as interest rates move up, leaving banks to sing the mortgage blues despite robust business conditions overall. With the fed funds rate up near 5%, the cost of bor ...

NEW YORK (Dow Jones) -- Golden West Financial Corp. on Thursday said its first- quarter net income rose 12% as its mortgage business remained strong despite borrowers' migration to fixed-rate mortgages from their firms's primary adjustable-rate product. The company (GDW) reported first-quarter net income of $391 million, or $1.25 a share, up 12% from $348 million, or $1.12 a share in the year-a ...

NEW YORK (Dow Jones) -- Cincinnati-based Fifth Third Bancorp said Thursday it's named Bank of America executive Christopher Marshall as chief financial officer, the second high-level hire in a few weeks. Marshall, 46, is on Bank of America's Management Operating Committee and is a senior executive for the company's global consumer and small business segment. Fifth Third (FITB), for years a f ...