Mortgages News

Simon Lambert, This is Money16 September 2006 Cash-strapped first-time buyers clubbing together to climb onto the property ladder with 'mates mortgages' could be in danger of falling into a bad credit trap. TRAPPED BY ASSOCIATION: First-time buyers clubbing together could find themselves affected by friends' bad credit reports WANT TO KNOW MORE? REPORT: First-time buyers in record debt TIPS: Five hidden mortgage catches DEAL FINDER: Search for a mortgage in moments OTHE ...

Simon Lambert, This is Money16 September 2006 First-time buyers hoping to get ahead this year could be forgiven for feeling like runners in a race where the finishing line keeps moving. UP & UP: Rising prices are leading first-time buyers to take on loans as big as 125% the value of their property WANT TO KNOW MORE? REPORT: First-time buyers in record debt EXPERTS: Mortgage experts DEAL FINDER: Great mortgage deals OTHER STORIES Beware 'mates' bad credit trap  ...

NEW YORK (AFX) - Fitch Ratings said Friday it backed its credit ratings on natural gas transporter Southern Union Co., following the company's plans to acquire a 50 percent interest in Florida Gas Transportation through a series of transactions in which the company will give up its stake in Transwestern Pipeline. As part of the deal, Southern Union will be responsible for $455 million of Transwes ...

NEW YORK (AFX) - Moody's Investor Service said on Friday that it changed its rating outlook for the debt of Public Service Enterprise Group Inc. and its regulated utility unit, Public Service Electric & Gas, to negative from stable following the dissolution of the company's agreement to be acquired by Exelon. Moody's said the change reflects the rating agency's concern that during the nearly  ...

LONDON (AFX) - Leading shares closed virtually unchanged, giving up earlier gains in the last few minutes of trade as investors took profits at the end of a volatile session and with PartyGaming hit by yet another chapter in the gambling sector saga, dealers said. The FTSE 100 index closed just 0.2 points lower at 5,877.0 in a volatile session that saw the blue chip index see-saw between gains an ...

(Updating with full company details) LONDON (AFX) - Leading shares closed flat, giving up earlier gains in the last few minutes of trade as investors took profits at the end of a volatile session and with another chapter in the gambling sector saga overshadowing gains in mortgage banking stocks, dealers said. The FTSE 100 index closed just 0.2 points lower at 5,877.0 in a volatile session that s ...

LONDON (AFX) - Leading shares traded higher midafternoon, recovering the volatile session's early afternoon losses, led higher by the banking sector and boosted further by a positive start to trade on Wall Street following an in line inflation report, dealers said. At 2.50 pm, the FTSE 100 index was up 7.1 points at 5,884.3, recovering losses after dropping 12.4 points into the red in early after ...

By Jennifer Hill LONDON (Reuters) - One in four pensioners is racking up debt with no intention of paying it off, a study showed on Friday. Around 27 percent of those aged 65 and over with debt said they had no intention of clearing it, according to research by Sesame, which provides support services to financial advisers. Sesame attributed the findings to the fact that the first generation of  ...

LONDON (AFX) - Leading shares remained flat at midday, with bullish comment on the banking sector countering further weakness across miners and oil stocks and leaving the FTSE 100 virtually unchanged in a quiet end to the week, dealers said. By 12.10 pm, the FTSE 100 index was up just 0.2 points at 5,873.0, while the broader indices were also higher. Volume, however, was firm, with 1.2 bln share ...

Evening Standard15 September 2006 THE average asking price for property in London is at a record high of £328,607, figures out today reveal. ROOM WITH A VIEW: The average asking price for a London home leapt £9,000 in a month WANT TO KNOW MORE? BLOG: 'Welcome to London - you're being fleeced' QUIZ: The housing market POLL: What will happen to house prices in 2006? OTHER STORIES HSBC breaks rate promise Property rises at two-year high UK homes too dear s ...