Mortgages News

Wed 11th Oct 2006 The Skipton seven-year fixed-rate mortgage is the latest tranche to be added to the building society's fixed-rate product range. Customers will benefit from the choice between an interest rate of 4.99 per cent fixed for seven years with a £799 completion fee or a rate of 5.14 per cent that comes with a £499 completion fee. The Skipton seven-year fixed-rate ...

James Coney, Daily Mail11 October 2006 It is a dilemma bound to confuse even the most astute borrower: should you take the low mortgage rate with the high fee, or the higher mortgage rate with the low fee? OTHER STORIES The eternal mortgage trap Five steps to a home in one year New on the market Rise of buy-to-let millionaires Catch that falling fix USEFUL LINKS GUIDES:  ...

WASHINGTON (AFX) - The former president of National Consumer Mortgage LLC has settled civil charges that he used investor money to pay off more than $10 million in gambling debts, to fund lavish house parties, and to support community music festivals, the Securities and Exchange Commission said on Tuesday. The SEC said that Salvatore Favata raised $30 million from more than 200 investors from lat ...

NEWTOWN SQUARE, Pa. (AFX) - GMH Communities Trust said Tuesday it completed the acquisition of 10 student housing properties across the country from Capstone Development Corp., with an 11th property included in the deal expected to close in the next several weeks. The total purchase price for the 11 properties, which stretch from Eugene, Ore., to Baton Rouge, La., is about $223 million. GMH Commu ...

Jo Thornhill, Mail on Sunday10 October 2006 Tax experts are calling on the Government to give co-habiting siblings the same rights as married couples when it comes to inheritance tax. It follows the case of two elderly sisters from Marlborough, Wiltshire, who are going to the European Court over the issue. BOMBSHELL: Maureen Smith faces a huge bill following her brother's death OTHER STORIES Don't give away your tax rebate Orchestra takes tax battle to appeal courts D ...

Jo Thornhill, Mail on Sunday10 October 2006 Millions of borrowers are heading for a retirement haunted by debt - because they have failed to pay off their mortgages in time. Around 70% of homebuyers start with a traditional 25-year mortgage. But with the average borrower now remortgaging every five years and one in three increasing the loan term at the same time, homeowners are running the risk of never clearing the debt and paying thousands of pounds in extra interest. MIND THE ...

ONLY one in 10 house hunters would consider shelving plans to buy because of interest rate hikes, research has claimed. A report by Yorkshire Bank found that the Bank of England's rate increase in August did little to deflate homebuyers' confidence in the market, despite the fact that 70 per cent believe further hikes are on the cards. First-time buyers were more swayed by interest rat ...

House prices rose sharply in August, according to the latest monthly survey from the Department of Communities & Local Government (DCLG). Prices rose by 1.6% in August, pushing the annual rate of house price inflation up from 6% to 7.7%. The cost of the average UK property has now risen to £197,631. Prices accelerated fastest in Northern Ireland, where they have risen 25.9% in the past year, with Scotland up by 12.8%, Wales 7.1% and England by 7%. Of the four, Wales was the only area wh ...

Richard Dyson, Mail on Sunday8 October 2006 Don Hanley's statement from credit card company Citi arrived with an unexpected message. STILL ANGRY: Don Hanley says Citi puts profits before customers WANT TO KNOW MORE? GUIDE: Dealing with debt DEAL FINDER: Best rates for credit cards BLOG: Why a good credit rating matters OTHER STORIES Two-card trick Our holiday didn't exist Get the right Christmas card Bailiffs 'law unto themselves' Switch fee alert over credit car ...