Mortgages News

PHILADELPHIA (AFX) - Real estate investment trust Hersha Hospitality Trust said Monday it completed its acquisition of the remaining two-thirds interest in the Hampton Inn Manhattan-Chelsea from joint venture partner CNL Hotels and Resorts Inc. The deal values the 144-room hotel at about $54 million. Hersha initially contributed $4 million in cash for its 33.3 percent equity interest in the joint ...

Richard Dyson, Mail on Sunday2 October 2006 Three heartbreaking family crises reveal how insurers are cruelly ignoring the outcry over rejected claims. DIAGNOSIS: Multiple sclerosis - claim rejected because she failed to disclose an unrelated hand condition WANT TO KNOW MORE? REPORT: Shame of Halifax illness claim REPORT: Who needs Friends like these? GUIDE: Critical illness cover OTHER STORIES Kwik-Fit car insurance blunder Mobiles: is cover worth it? Car cover p ...

London investors sold online gambling shares on Monday, as companies such as PartyGaming and 888 Holdings plummeted after the U.S. Congress passed an act that would bar payments, but the market overall saw a mild advance behind gains in the utility sector on deal and earnings news. The U.K. FTSE 100 indexrose 0.2% at 5,974, about in line with gains made in European stock markets. Shares in P ...

Andy Dolan, Daily Mail2 October 2006 Its regency buildings, racecourse and closeness to the Cotswolds have long made it one of the country's most desirable places to live. VIEW FROM THE TOP: A new survey had identified the 10 most attractive places to live OTHER STORIES Primed to explode Agents snub new customer code New on the market Fix your mortgage for 15 years Brits rush to retire abroad USEFUL LINKS GUIDES: Homes, loans and more BOARDS: Mortgage chat  ...

HOMEOWNERS who continually increase the term of their mortgage when shopping around for a better deal risk being pensioners when they finally pay off the debt. Around one third of British homeowners increase their term when switching mortgage, but Cheshire-based price comparison website moneysupermarket.com said they risk falling into a £35bn `never-ending mortgage' trap if they don't stick to or ...

This is Money2 October 2006 The Government will today launch a new housing initiative aimed at helping 20,000 key workers get onto the housing ladder. WANT TO KNOW MORE? Helping hands for first-time buyers First-time buyers' Budget boost Can you get on the ladder? OTHER STORIES Bank details on sale for a fiver Fat-cat pay rises outstrip workers' Market report: Monday 09.15 Net- ...

This is Money2 October 2006 Banking group Northern Rock has said its on track to hit its full-year profit target, with trading underpinned by the strong housing market. WANT TO KNOW MORE? DATA: Northern Rock's share price DEAL FINDER: Cheap personal loans DEAL FINDER: Great mortgage deals OTHER STORIES Net-gaming shares in meltdown Market report: Monday 09.15 Sunday newspaper sh ...

Extra help for up to 20,000 key workers looking to get on the property ladder is on offer from Monday. The Open Market HomeBuy Scheme will see the government and selected lenders funding up to 25% of a property cost. The 25% loan will be repayable after five years but it should help borrowers afford more expensive property. Borrowers will still have to fund the remaining 75% of the property cost through a standard mortgage or their own savings. Scheme acceptance  ...

Evening Standard2 October 2006 City gamblers reckon there is an outside chance of a surprise interest rate rise this week and, worryingly for mortgage payers, an 80% likelihood that the Bank of England will lift rates in November if not in October. WANT TO KNOW MORE? DATA: The UK economy DEAL FINDER: Great fixed mortgages OTHER STORIES Bank details on sale for a fiver Net-gaming  ...

Jo Thornhill, Mail on Sunday1 October 2006 Lesley Bishop has been waiting three years for her endowment mis-selling complaint to be settled. The Ombudsman receives 250 more every day. There are three million potential victims and they all want action NOW STRESSED: Lesley Bishop faces a shortfall of £60,000 on her three endowments OTHER STORIES Fix your mortgage for 15 years Agents snub new customer code New on the market Brits rush to retire abroad Our £32, ...