Mortgages News

By Steve Slater LONDON (Reuters) - Bank HBOS (HBOS.L: Quote, Profile, Research) said on Tuesday it is confident of meeting analysts' 2006 profit growth expectations after a robust start to the year as its margins held steady and its share of new mortgages recovered. Smaller rival Bradford & Bingley (BB.L: Quote, Profile, Research) also issued an upbeat statement, saying it was confident profit ...

LONDON (Reuters) - Mortgage bank HBOS said on Tuesday its financial performance so far this year had remained robust and it was on track to meet analysts' expectations for the year. HBOS (HBOS.L: Quote, Profile, Research) , Britain's fourth-biggest bank and the biggest mortgage lender, said it remained on track to hit its cost targets, with earnings growth from broadly stable profit margins helped by a good contribution from non-interest income. The bank is expected to report a pretax profit o ...

LONDON (Reuters) - Mortgage bank HBOS (HBOS.L: Quote, Profile, Research) said on Tuesday its financial performance so far this year had remained robust and it was on track to meet analysts' expectations for the year. HBOS, Britain's fourth-biggest bank and the biggest mortgage lender, said it remained on track to hit its cost targets, with earnings growth from broadly stable profit margins helpe ...

BOSTON (Dow Jones) -- UBS cut its earnings projections for home builders Monday, with several companies reducing their home-delivery targets as the steam continues to come out of the U.S. housing market. "The long-anticipated housing slowdown appears to be finally upon us," wrote analyst Margaret Whelan in a research note, citing new-home sales down 21% from their July high, while new-mortgage  ...

Mon 24th Apr 2006 The Abbey Buy-To-Let mortgage range has been re-launched today and includes new fixed and tracker rate products. For landlords owning up to and including five properties, there are two three-year fixed-rate options available, with a rate of 5.59 per cent with no booking fee or 5.24 per cent with a £499 fee. The latter of the two is the best deal of its kind avai ...

NEW YORK (Dow Jones) - Caterpillar Inc. reported Monday that first-quarter net income soared a stronger-than-expected 45% as the machinery maker capitalized on higher prices and booming mining and construction markets. Caterpillar (CAT) , Peoria, Ill., also lifted its 2006 profit forecast for the second consecutive quarter, predicting earnings of $4.85 to $5.20 a share, up from a previous outlo ...

FIRST-time buyers who take out interest-only mortgages are being urged to consider the consequences over the longer term. With the average house price rocketing more than 40 per cent in the last four years, demand for interest-only mortgages among first-time buyers has soared. But consumers are being warned of the pitfalls of taking out these products. Advertisement your story continues below  ...

Mon 24th Apr 2006 A new Abbey Two-Year Tracker mortgage has been announced as one of a number of new products being introduced by the company, with an interest rate of 4.44 per cent. This offer has a fee of £649 for loans up to £500,000 and a maximum loan-to-value (LTV) level of 75 per cent – for mortgages up to £2 million a fee of £849 will apply. There wer ...

LONDON (Reuters) - Underlying mortgage lending rose by its biggest amount in nearly two years in March, the British Bankers' Association said on Monday, which suggests the housing market remains buoyant. The BBA said underlying mortgage lending rose by 5.4 billion pounds in March, the biggest increase since June 2004 when the British property market was at its peak, and up from a 4.7 billion pound rise in February. It was also well above the average of 4.9 billion pounds over the previous six  ...

Sean Poulter and Becky Barrow, Daily Mail24 April 2006 HOMEBUYERS are being forced to pay more than £1,000 to change mortgages as lenders raise their charges by up to 125%. FOR SALE: The cost of mortgage fees are rising WANT TO KNOW MORE? DEAL FINDER: Mortgage finder DEAL FINDER: Home insurance GUIDES: Mortgage guides BLOG: 40% profit in eight months OTHER STORIES Yours, but you can't live in it Helping hands for first-time buyers New on the market It's not so ...