Mortgages News

Simon Moon, This is Money28 January 2006 BUYERS with poor credit records and would-be landlords can expect to benefit from an outbreak of fierce competition in the mortgage market over the next few months. OTHER STORIES First-time buyers '25-year low' House prices could still crash New on the market Strong end to year for mortgages Deal that fails the gift test USEFUL LINKS  ...

December's gross mortgage lending in 2005 was up by 20 per cent compared to the same period last year, new figures reveal. The British Bankers' Association (BBA) finds that while mortgage lending across 2005 was £185.3 billion, down from £188.4 billion the previous year, gross lending in the last month of 2005 stood at an improved £16.9 billion. This gives the month the highest lending total on  ...

Fri 27th Jan 2006 A range of discount mortgages has been launched by em-homeloans, aimed at those with a poor credit rating.The em-homeloands discount mortgages come with a free valuation and no application fees, which the lender believes will make them popular.Simon Mouncher, operations manager at em-homeloans, said the mortgage will be offered together with its branded lending partner P ...

Fri 27th Jan 2006 The new ten-year Yorkshire fixed-rate mortgage offers customers a rate of 4.69 per cent.A maximum of 95 per cent loan to value is available and a fee of £495 is payable upon application.Customers of the Yorkshire fixed-rate mortgage will also receive free insurance that protects against sickness, accident and unemployment for the first six months of the term.Further ...

The UK housing market is overvalued by 20 per cent, according to a report published today. Limited supply coupled with high demand and low interest rates has created a situation where house prices are overvalued, the National Institute of Economic and Social Research is warning. House price growth is also aided by the "favourable tax treatment of owner-occupied housing", which is just transferri ...

Hundreds of people who made the bold new year's decision to sort out their finances in 2006 are expected to have ditched their resolutions by the end of January. Research by IFA Promotion finds that more than half of those questioned are keen to correct their financial situation, with 55 per cent hoping to budget better. But amid the death-throes of January, many wannabe savers are expected to h ...

LONDON (Reuters) - Approvals for home loans rose sharply in December from a year ago but by less than in recent months, bankers' data showed on Friday, evidence that a pickup in the housing market is stabilising. Mortgage approvals -- the number of loans agreed but not yet completed -- totalled 51,233 last month. That was 28 percent higher than December 2004 but weaker than November's 51 percent annual gain. Economists said the British Bankers' Association data suggested more comprehensive off ...

A. (This is an update of a January 24 story to correct net income growth) NEW YORK (MarketWatch) -- Golden West Financial said Tuesday its fourth-quarter net income climbed over 16%, aided by loan-portfolio growth. EARNINGSWATCH MDU 4Q profit rises, backs 2006 view Chevron earnings rise 21% but fall short of forecast U.S. stock futures pare gains after GDP disappoints Kenne ...

This is Money27 January 2006 The mortgage market finished 2005 on a high, with the strongest lending figures for December on record, figures confirmed today. WANT TO KNOW MORE? DEAL FINDER: Top mortgage rates GUIDE: Buying and selling BLOG: Mortgages & house prices DATA: December mortgages 'best ever' NEWS: House prices 'could still crash' POLL: What will happen to house prices in 2006? ...

Jane Padgham, Evening Standard27 January 2006 HOUSE prices are overvalued by 20% and a crash cannot be ruled out, a leading economics thinktank warned today. GOING DOWN: The threat of a price crash still exists WANT TO KNOW MORE? DEAL FINDER: Compare mortgages DEAL FINDER: House insurance POLL: What will happen to house prices in 2006? OTHER STORIES Where next for buy-to-let? Deal that fails the gift test New on the market Avoid this mortgage trap Mortgage auctio ...