Mortgages News

Michael Clarke, This is Money6 May 2006 THE adverts look enticing. Usually fronted by a credible celebrity, such as Carol Vorderman, they offer to consolidate your debts and reduce your monthly loan repayments in one simple move. WANT TO KNOW MORE? REPORT: Vorderman slammed over TV ads DEAL FINDER: Pick a safer loan DEAL FINDER: Cut your household bills OTHER STORIES The credit card  ...

Simon Lambert, This is Money6 May 2006 THE number of people signing up to 'high risk' home reversion schemes has increased rapidly despite their unregulated status. HOME VALUE: The number of people cashing in on their house's equity through home reversion has risen rapidly WANT TO KNOW MORE? REPORT: FSA to protect elderly homeowners GUIDE: Equity release TIPS & ADVICE: Endowments OTHER STORIES They've taken the door number Trap for first-time buyers New  ...

BOSTON (Dow Jones) -- Toll Bros. Inc. on Friday knocked down its fiscal 2006 home-delivery estimate for a third time in a stark indication that even the highest end of the residential building market isn't immune to slowdown. The Horsham, Pa.-based builder of luxury-level housing said the value of signed contracts declined 29% in the quarter ended April 30 as the company continued a trend of di ...

By Keiron Henderson LONDON (Reuters) - The FTSE 100 index closed sharply higher on Friday as fresh bid talk buoyed mortgage bank Alliance & Leicester (AL.L: Quote, Profile, Research) , while the Midcap 250 index hit a fresh high led by brewer Greene King (GNK.L: Quote, Profile, Research) . Shares in A&L, Britain's seventh biggest listed bank, closed 7 percent higher on speculation that Spain's Santander (SAN.MC: Quote, Profile, Research) was ready to bid 6.5 billion pounds, building up its  ...

Fri 5th May 2006 A number of changes have been announced in the range of fixed-rate mortgages offered by Nationwide today, including a £100 increase in reservation fee on the Nationwide Two-Year Fixed-Rate mortgage. This offer now has a reservation fee of £699 and is available with rates starting at an increased level of 4.55 per cent. All other rates on the lender's fixed-r ...

For some people building their own home is a vision of hell. Working with builders – even using a project manager – on such an important and potentially fraught undertaking, can’t be good for the blood pressure. And yet self-build now accounts for some 12 per cent of all new homes built each year in the UK, according to some mortgage brokers. // The proliferation of TV programmes and specialist m ...

Sarah Marks, Evening Standard5 May 2006 ALLIANCE & Leicester was pushed to within a penny of its all-time high of 1248p today after reports of secret takeover talks with Banco Santander injected fresh impetus into one of the City's longest-running bid rumours. OTHER STORIES Dealers watch for Kingfisher predators Smaller companies report: Thursday close New on the market Sharing th ...

Fresh reports that Santander of Spain was in talks to buy Alliance & Leicester sent the mortgage bank and the FTSE 100 higher on Friday. // A&L jumped 5.3 per cent to £11.82 on a media report that the owner of Abbey National was poised to pay £14.50 a share, about £6.4bn, for the high street lender. The Spanish bank is known to have looked at the former building society in the past but d ...

Treasuries were lower and yields higher on Thursday as traders largely contented themselves with preparing their positions ahead of Friday’s jobs data. // “Payrolls Friday” is always considered an event risk for investors, with yields liable to move sharply on the volatile non-farm payrolls report. Observers warned that Friday’s numbers, which are expected to show about 200,000 jobs created last  ...

SAN FRANCISCO (Dow Jones) - Mortgage rates rose for a sixth week, though at a more moderate pace, Freddie Mac said Thursday. In its weekly mortgage survey, Freddie Mac (FRE) said the benchmark 30-year fixed-rate loan averaged 6.59% nationwide, up from 6.58% a week earlier and 0.84 percentage point above its year-ago level. The 30-year rate has not been this high since June 20, 2002, when it rea ...