Mortgages News

Rosanna Spero, Daily Mail25 February 2006 HOMEBUYERS are snapping up longer-term fixed rate mortgages - but are they jumping for the rates on offer without considering the downsides of these deals? OTHER STORIES Endowment red peril Baby boomers to hand over £360bn New on the market Five-year pledge on home values Should buyers bridge the gap? USEFUL LINKS GUIDES: Homes, loans and more BOARDS: Mortgage chat EXPERTS: Need advice? TABLES: Cheapest mortgage rates HAV ...

Simon Lambert, This is Money25 February 2006 THE baby boom generation will hand over £360bn in inherited housing wealth over the next 15 years, according to a new study. CAN'T BUY ME LOVE: The generation which grew up listening to Paul McCartney and the Beatles will pass on more property wealth than ever before WANT TO KNOW MORE? REPORT: Mortgage of the future DEAL FINDER: Best mortgage rates GUIDES: Buy and selling your home OTHER STORIES Endowment red peril The ...

SAN FRANCISCO (Dow Jones) - Shares of H&R Block Inc., the company that helps millions of Americans complete tax returns, fell 8% Friday after it said that it got its own taxes wrong in recent years. The Kansas City, Mo.-based company said it will restate results for fiscal years 2004 and 2005, plus previous 2006 quarters, mainly because of errors in calculating its state effective income ta ...

By David Burrows LONDON (Reuters) - The banks' reporting season has proved a mixed bag so far for investors, with Northern Rock and Barclays announcing dividend rises but an unchanged payout for Lloyds shareholders. Northern Rock and Barclays increased their dividends by 14 percent and 11 percent respectively, well ahead of forecasts. But there was less cheerful news for Lloyds TSB shareholders on Friday when the bank announced its dividend would be unchanged. Lloyds banking profit after pro ...

WASHINGTON (Dow Jones) -- Issues on people's minds: If you need a bigger house should you move out and move up or stay put and add on in a neighborhood you know has greater potential for home-price appreciation? Q: My family lives in a very small, older home in a neighborhood that is rapidly increasing in value in Charlotte, N.C. Our two-bedroom home is about to become too small as we consider  ...

If fresh pain au chocolat and fine Bordeaux are not enough to tempt you into buying a property in France, a 20 per cent discount from the government might be. // UK investors have been piling into sale and leaseback schemes in France, which offer a generous tax break if you are willing to take a long-term view. Certain newly- built properties in popular areas of France, such as ski resorts and so ...

Wed 22nd Feb 2006 A new Pink Home Loans Self-Certified Tracker mortgage has been announced with a rate that will run at 0.99 per cent above the Bank of England base rate. This means that the deal will begin with a level of 5.49 per cent. The self-certified status of the mortgage makes it available only to borrowers who are self-employed. A maximum loan to value (LTV) of up to 90 per ce ...

Wed 22nd Feb 2006 The Leeds Building Society three-year fixed-rate offset mortgage has been introduced with an interest rate of 5.19 per cent until April 30th 2009. After this initial three-year period, the rate on the mortgage will track at 0.75 per cent above the Bank of England base rate for the duration of the deal. The offer is available at up to 95 per cent loan to value (LTV) and ...

Fri 24th Feb 2006 A new UCB Home Loans Buy-to-Let 2-Year Flexible Tracker and 5-Year Flexible Tracker have been launched today as the company announces changes in its buy-to-let product range. These products will track at 0.89 and 0.99 respectively above the Bank of England base rate, meaning that their opening rates will be 5.39 and 5.49 per cent. A new flexible buy-to-let offering wit ...

Lingering hopes of a cut in interest rates in the first half of the year have been dashed today. The Bank of England, which sets the underlying rates of borrowing in the UK, revealed today the thinking behind its latest interest rate decision. The markets had expected the Bank's interest rate setting Monetary Policy Committee (MPC) to move closer to cutting rates, with at least two people voting ...