Mortgages News

Simon Moon, This is Money29 July 2006 RISING prices, such as the latest blow to household budgets from the gas and electricity companies, often hit the elderly harder than anyone else. WANT TO KNOW MORE? REPORT: Beware equity release advice GUIDES: Pros and cons of equity release EXPERTS: Covering the cost of care OTHER STORIES Great rates for using euros Endowment claims costs double to £2bn New on the market New buyers happy to haggle Boycott home packs, say a ...

WASHINGTON (Dow Jones) -- Question: When my father passed away on Jan. 29, he left his home to my three brothers and me. I would like to keep the house as my own. But because of its value, I cannot afford a regular mortgage at this time. I would like to pay them approximately $40,000 each now and then make monthly payments of $500 for the next three years. This time period will allow me to decide  ...

London shares held steady on Friday, as a disappointing performance at a key Prudential Plc division offset strong gains by miner Xstrata. The U.K. FTSE 100 index rose a modest 0.1%, or 7.20 points, to stand at 5, 936.70. Other European markets were lower. In a choppy day for the mining sector, Xstrataclimbed 5.3% after Inco Ltd. said that its offer for Canadian rival Falconbridge has lapsed ...

This is Money28 July 2006 THE cost of claims related to the mis-selling of endowment mortgages has doubled to more than £2bn in little over a year, the City watchdog said today. STRESS: The cost of endowment claims has hit £2bn OTHER STORIES Great rates for using euros Beware equity release advice New on the market New buyers happy to haggle Boycott home packs, say agents USEFUL LINKS GUIDES: Homes, loans and more BOARDS: Mortgage chat EXPERTS: Need a ...

London shares edged lower on Friday, as weakness in the resource sector and a disappointing performance at a key Prudential division offset some gains in the oil and gas and banking sectors. The U.K. FTSE 100 index lost 0.1%, or 3.90 points, at 5,925, as miners such as BHP Billiton (BHP) and Rio Tinto (RTP) dropped around 1%, pressured by lower metal prices. Other European markets were also  ...

Eric Barkas City Editor THE mortgage bank Bradford & Bingley took an £89.4m charge in half-year figures out yesterday to cover the mis-selling of endowment mortgages. The mis-selling related mainly to mortgages sold in the 1980s, when B&B was a more conventional building society. Now, it is focused on specialist mortgage areas like buy-to-let and self-certification. Strength in these areas enabled ...

LONDON (Reuters) - Bank Alliance & Leicester Plc reported a 1.5 percent dip in first-half profits on Friday as a decline in margins and higher bad debts outweighed increased mortgage lending. A&L, Britain's seventh-biggest listed bank, said core operating profit in the six months to the end of June was 268 million pounds, down from 272 million a year ago, but above a median forecast of 260 million from 10 analysts polled by Reuters. The bank's first-half net mortgage lending jumped to 2.6 bill ...

Thu 27th Jul 2006 A mortgage designed for remortgagers is among a number of products which has had its rates reduced by Alliance & Leicester, the company has announced. The Alliance & Leicester Two-year Base Rate Tracker Mortgage will track the Bank of England base rate for a two year period and its rates have been reduced by 0.15 per cent. Valuation is free with the two-year tracker, w ...

Liz Phillips, Daily Mail27 July 2006 HOUSE buyers can get an offset mortgage from Intelligent Finance at base rate plus 0.09%, giving a current pay rate of 4.59%, while those looking to remortgage will pay base rate plus 0.29%, giving a rate of 4.79%. WANT TO KNOW MORE? DEAL FINDER: Cheap mortgages GUIDES: Mortgage guides EXPERTS: Mortgage questions answered OTHER STORIES Beware equit ...

By Steve Slater LONDON (Reuters) - Bradford & Bingley took the shine off a 9 percent rise in half-year profits on Thursday by taking a big charge to cover past endowment mortgage mis-selling claims. B&B (BB.L: Quote, Profile, Research) , Britain's ninth-biggest listed bank, said underlying pretax profits rose to 164.2 million pounds in the six months to the end of June, from 150 million last year and 2 million pounds above a consensus forecast from 15 analysts, provided by the company. But B& ...