Mortgages News

Mon 19th Jun 2006 The interest rates have been raised on the Norwich Union Index-linked Lifetime Mortgage, it was announced today. Annual interest rates on the Norwich Union Index-linked Lifetime Mortgage will now be a minimum of 4.69 per cent and a maximum of 9.93 per cent. Applications have until Friday 14th June to be processed to qualify for the previous rate after which they will b ...

Mon 19th Jun 2006 A rate of less than five per cent is being offered on the new Leeds Building Society Ten-year Fixed Rate Mortgage, it has been announced today. The Leeds Building Society Ten-year Fixed Rate Mortgage allows ten per cent capital repayments each year without penalty. A fee free version of its latest mortgage product is also available from Leeds Building Society for those ...

By Lorna Bourke LONDON (Citywire) - The Financial Services Authority has issued a strong warning that mortgage lenders must be able to justify the increasing exit charges they levy when a mortgage is paid off. After years of failing to use one of the most important weapons in its armoury, the FSA is now beginning to invoke the unfair terms in consumer contracts legislation which up to now it has been slow to apply. It is asking lenders to justify the high exit fees, typically now 200 pounds to ...

This is Money19 June 2006 HOUSE prices in the West Midlands have suffered a knock in the past month, despite a mini-boom in southern regions, figures showed today. WANT TO KNOW MORE? POLL: Have you this year thought about packing your bags and moving abroad? OTHER STORIES Nokia and Siemens hook up Market report: Monday 11.30 DSG to sell Link stores to O2 CBI downplays inflation thre ...

Stephen Womack, Mail on Sunday19 June 2006 Thousands of pensioners are signing up to equity release mortgages without having a realistic idea of how much the loan will cost. LIFE ON THE OPEN ROAD: June and Peter Marshall cashed in on their home to buy a caravan WANT TO KNOW MORE? REPORT: Can we cash in on housing boom GUIDES: Equity release ADVICE & TIPS: Endowment news OTHER STORIES Score big on World Cup homes Five steps to building a home New on the market  ...

SAN FRANCISCO (Dow Jones) -- The power of bonds to smooth stock-market risk over time is often lost on investors. Stocks' inherent volatility doesn't really bother most shareholders -- as long as prices go up. But those sharp market downturns are painful reminders that stocks follow a rocky trail. Bonds can pave the path, yet since market conditions can change literally overnight, fixed-income  ...

WASHINGTON (Dow Jones) -- There's nothing on the economic calendar in the next week that would knock the Federal Reserve off its path toward raising interest rates at the end of the month. It's a fairly light calendar for economic data, and even evidence of further weakening in housing and a drop in durable-goods orders probably wouldn't force Fed officials to conclude that the economy is getti ...

LONDON (Reuters) - The link between house prices and consumer spending has weakened in recent years, the Bank of England said in a research paper on Monday. That comes despite a recent revival in the property market which has coincided with a pickup in high street sales. The central bank revisited an often-repeated theme in a paper in its Quarterly Bulletin, challenging the perception that as ho ...

By Catherine Hornby LONDON (Reuters) - Average asking prices for homes in England and Wales rose at their fastest annual pace in more than a year in the period from mid-May to early June, driven by London and the south, a survey showed on Monday. Property Web site Rightmove said asking prices rose 6.4 percent in the period compared with a year earlier, up from a corresponding 5.9 percent gain in ...