Mortgages News

Mon 9th Jan 2006 A Clydesdale offset tracker mortgage has been launched, catering for high earners.The product comes with a 4.9 per cent rate and targets professionals who earn at least £60,000 annually.A range of other products is also being launched, all of which revert to base rate tracker rates rather than standard variable ones, the lender said.The company was boosted last year  ...

House prices rose by more per cent in December, to finish the year more than five per cent up on 2004, Halifax finds. But this late rally in prices, where almost half the year's growth occurred in its last two months, could not hide the fact annual house price growth was the lowest for a decade in 2005, at 5.1 per cent. London was the only region of the country where house prices increased faste ...

The Bank of England is set to keep interest rates on hold when they meet this week. The base rate of borrowing in the UK has been steady at 4.5 per cent since it was moved to this level in August. However, with weaker spending on the high street, high oil prices, and sluggish house price growth, economists feel that the time could be coming when interest rates are cut again. But this move will  ...

LONDON (Reuters) - House prices rose by 1.0 percent on the month in December, giving a three-month annual increase of 5.1 percent, the strongest since May, HBOS (HBOS.L: Quote, Profile, Research) said in its Halifax house price survey on Monday. The data are the latest in a series of upbeat reports suggesting the housing market has achieved a soft landing and is beginning to firm. But analysts said 2006 was unlikely to see strong rises in house prices. "We continue to believe that while the r ...

Simon Lambert, This is Money9 January 2006 THE green shoots of house price recovery continued to show during December - but one of Britain's most optimistic studies still put growth in 2005 at the lowest for a decade. WANT TO KNOW MORE? REPORT: The great house price mystery DEAL FINDER: Best mortgage rates GUIDES: Find the best mortgage CALCULATOR: Mortgage affordability POLL: What will  ...

Stephen Womack, Mail on Sunday8 January 2006 CIGARETTES? Thrown away. Drink? Never touch the stuff. The gym? Love it. Yes, it's that time of the year again when good intentions are stronger than bad habits. So while you are cleansing mind and body, why not go in for a debt detox? It will make your 2006 considerably happier and far less stressed. OTHER STORIES We're the biggest borrowers in the world Dare you take the debt test? Creditable tips for New Year Beat the New Year debt blu ...

Jeff Prestridge, Mail on Sunday8 January 2006 WHEN Peter and Vivien Gudgin borrowed against their home, they thought they were buying financial freedom in their retirement. Now, only a few years later, they are left bitterly regretting their decision. NIGHTMARE: Peter and Vivien Gudgin. Their debt has tripled in just eight years OTHER STORIES Don't bank on the best deals Romania tops property survey New on the market The equity release nightmare The great house price  ...