Mortgages News

By Friedel Rother LONDON (Reuters) - The FTSE 100 forged higher on Friday, with miners and energy stocks dominating the gainers, but despite the strong gains, the FTSE 100 index is still on course for one of its heaviest weekly falls in recent months. Among the biggest gainers, miners Xstrata , Kazakhmys and Rio Tinto all up over 4 percent. In the energy sector, oil giant BP added 1.2 percent an ...

House price inflation continued to pick-up last month, taking the annual rate to 5.4 per cent from 4.5 per cent in April, according to the Financial Times house price index. // The figures do not show a slowdown in the monthly rise in house prices with a 0.5 per cent increase in May, exactly the same as the average monthly increase to date in 2006. There have been signs recently that the rapid rebound in the housing market, which started last Autumn, has begun to slow. Activity in the housing ...

Becky Barrow, Daily Mail9 June 2006 A RECORD 66,000 homeowners have been made property millionaires by house-price inflation, research has shown. OTHER STORIES Thames faces huge new fine House of Fraser 'keen' on Baugur bid Market report: Friday preview Claims firms face crackdown Goldman leaves BAA to Spanish THE EDITOR'S PICKS TOP STORY: Your favourite cars TOP TOOL: T ...

Simon Lambert, This is Money8 June 2006 A crackdown on no-win, no-fee 'cowboys' accused of creating a compensation culture will also target unscrupulous endowment claims firms. FALLING SHORT: People who were mis-sold endowments to pay off their mortgage have been targeted by claims firms WANT TO KNOW MORE? REPORT: It can pay to cash in early GUIDES: Endowment mis-selling claims BLOG: Time-barring, as clear as mud POLL: Where will the UK base rate be at the end of 2006 ...

By David Burrows LONDON (Reuters) - Financial worries mean that nearly a quarter of students -- 22 percent -- starting university this year intend to continue living with their parents, according to a survey. But while kids might feel comfortable living in the family home, parents would prefer them to fly the nest. Of the students surveyed by Lloyds TSB, 38 percent said that while it would be possible to leave home, they would need to take on additional debt to do so. From the other side of  ...

Jane Padgham, Evening Standard8 June 2006 INTEREST rates on both sides of the Channel are in the spotlight today as the Bank of England and European Central Bank each meet to set borrowing costs. WANT TO KNOW MORE? REPORT: Bank meets to consider inflation threat DEAL FINDER: Best mortgage deals GUIDES: Fixed vs tracker mortgages POLL: Where will the UK base rate be at the end of 2006? O ...

Sean Poulter, Daily Mail8 June 2006 HOUSE prices are expected to rise more than three times faster than predicted this year because of fierce competition among buyers. OTHER STORIES Google hints at China U-turn Market report: Thursday preview Call for inquiry to halt BAA sale A&L: Complain and you're out Heineken man takes the reins at Morrisons THE EDITOR'S PICKS TOP STORY: ...

CHICAGO (Dow Jones) -- Mortgage documents that inflate borrowers' income and real estate professionals who don't tell consumers the whole truth about their loans were two of the problems highlighted by consumer advocates at a Federal Reserve Board hearing Wednesday exploring trends in home-equity lending. Clearly written disclosures, improved consumer education and increased lender accountabili ...

WASHINGTON (Dow Jones) -- Financial services trade groups, large banks and government-sponsored enterprises actively funded congressional trips over the past six years, according to travel records filed in Congress. The American Bankers' Association paid for nearly 80 congressional trips at a cost of about $120,000 from January 2000 through June 2005, making it a leading sponsor in the banking  ...

Wed 7th Jun 2006 The launch of a new Skipton Building Society Base Rate Tracker Capped Mortgage has been announced today. Skipton Building Society Base Rate Tracker Capped Mortgage will offer a pay rate of 4.75 per cent for three years. Legal fees will not have to be paid by the mortgage borrower and free evaluation is offered as part of the new deal. Free accident, sickness and unempl ...