Mortgages News

Mon 25th Sep 2006 Specialist lender UCB Home Loans is to further enhance its mortgage range with the launch of three new tracker products. The Self-Cert Standard 3 Year Tracker and the Buy to Let Standard 3 Year Tracker will both have an interest rate of 5.39 per cent (BBR plus 0.64 per cent), and the Buy to Let Standard 5 Year Tracker will have an interest rate of 5.29 per cent (BBR plu ...

By Jennifer Hill LONDON (Reuters) - Over a third of homeowners expect to have to work into retirement just to pay off their mortgage, according to a survey. Some 36 percent predicted they will be at least 60 before they own their home, the study of almost 900 homeowners aged over 25 said. The One Account survey also found that the size of the UK's mortgage debt is preventing people from saving: 43 percent of those questioned admit they are unable to put anything aside for a rainy day or their ...

By Jennifer Hill LONDON (Reuters) - Britain's biggest mortgage lender has called for the inheritance tax (IHT) threshold to be hiked to 430,000 pounds, after it found 10 percent of homeowners now fall into the net. Halifax said that figure would be the level of the threshold -- more than 50 percent higher than the current 285,000 pounds -- if it had been increased in line with house price inflation over the past decade. Only 2 percent of English towns have an average house price above that fi ...

SAN FRANCISCO (AFX) - The bill is coming due for years of generous benefits bestowed upon the nation's public employees, and it's a stunner: hundreds of billions of dollars over the next three decades, threatening some local governments with bankruptcy and all but guaranteeing cuts in services like education and public safety. This staggering burden is coming to light because of new accounting ru ...