Mortgages News

Fri 19th May 2006 The Prudential Property Value Release Plan could offer customers savings of tens of thousands of pounds, the lender has claimed today. These savings are made simply through the product's facility that allows customers to release their money as and when they need it. Prudential's statement comes as it speaks out against comments made on financial website MoneyExpert, wh ...

Simon Lambert, This is Money19 May 2006 THE property mini-boom - which has delivered a half-year run of record mortgage lending - could be about to slow down, according to a report released today. MINI-BOOM: A six-month run of record breaking mortgage figures has reflected a homebuying revival WANT TO KNOW MORE? REPORT: Call for tax on second homes GUIDES: How to find the mortgage for you DEAL FINDER: Pick of the mortgage deals POLL: What do you think will happen to inter ...

Simon Lambert, This is Money19 May 2006 THE property mini-boom - which has delivered a half-year run of record mortgage lending - could be ready to slow down, according to a report released today. MINI-BOOM: A six-month run of record breaking mortgage figures has reflected a homebuying revival WANT TO KNOW MORE? REPORT: Call for tax on second homes GUIDES: How to find the mortgage for you DEAL FINDER: Pick of the mortgage deals POLL: What do you think will happen to inter ...

Fri 19th May 2006 An Abbey Two-Year Tracker mortgage has been announced, which will track at 0.12 per cent below the Bank of England base rate – giving it a current rate of 4.38 per cent. The mortgage is available at up to 90 per cent loan-to-value (LTV), with a booking fee of £699 and a maximum loan amount of £500,000. Abbey's offer is the latest mortgage to be launche ...

Mortgage lending fell back in April, according to industry figures. The Council for Mortgage Lending said gross lending last month was £25bn - 12% lower than in March but still 16% higher than a year ago. The British Bankers Association said April's net lending - which includes repayments - rose by £5bn. However this was lower than both the £5.5bn rise seen in March, and the average of £5.1bn lent during the past six months. 'Stabilising' "The level of new mortgage appro ...

BUILDING Society bosses are expecting the recovery in the housing market to continue this year. Chief executives attending the Building Societies Association annual conference in Manchester were polled on their expectations for the rest of the year. Bosses think the housing market will remain buoyant in 2006, with 89 per cent saying they expected to do more lending or about the same in 2006. Thi ...

By Doug Cameron in Chicago and Krishna Guha in LondonPublished: May 18 2006 16:41 | Last updated: May 18 2006 23:33Ben Bernanke, the chairman of the Federal Reserve, on Thursday called on banks to exercise extra vigilance in their mortgage lending, while expressing confidence that the US housing market was cooling in an “orderly and moderate fashion”. // Mr Bernanke said lenders needed to be careful when providing “non-traditional” mortgages such as interest-only loans and option adjustable-rat ...

Jim Armitage, Evening Standard18 May 2006 SHOPPERS swept back on to the High Street in force last month, according to official figures today that prompted fresh fears interest rates could be on the up. WANT TO KNOW MORE? DEAL FINDER: Best savings rates DEAL FINDER: Best mortgage rates POLL: What do you think will happen to interest rates this year? OTHER STORIES Watchdog's bank fees  ...

Nick Goodway, Evening Standard18 May 2006 BRITAIN'S biggest building society today told homeowners they are about to enter one of the best periods for borrowing money for many years as it revealed it will start marketing mortgages aggressively again, having deliberately lost market share in the past 12 months. OTHER STORIES Rescue for profitable Royal Mail £2bn BT looks to a boost fr ...

Jim Armitage, Evening Standard17 May 2006 THE Bank of England plunged homeowners and financial markets into confusion today as a three-way split emerged among its interest-rate setters on whether to opt for a freeze, raise or cut. WANT TO KNOW MORE? DATA: Latest's economic data POLL: What do you think will happen to interest rates this year? OTHER STORIES Sainsbury's empire strikes b ...