Mortgages News

Simon Watkins & Dan Atkinson, Financial Mail28 January 2007 Bank profits are set to break the £40bn mark this year - a record that is sure to reignite criticism over the sector's earnings. WANT TO KNOW MORE? Bank warns of mortgage woe Alarm at 'quickie' bankruptcy Banks call for insolvency crackdown OTHER STORIES BA to pay strike-breakers £200 Sunday & mid-w ...

Simon Lambert, This is Money27 January 2007 January's surprise rate rise has homeowners stretched further than ever before and for many, making ends meet already is tough enough. REPOSSESSION: Protecting you mortgage could save your home is the worst strikes - but what is the best for you? WANT TO KNOW MORE? MORE: Tesco to sell private medical cover Q&A: PPI complaints DEAL FINDERS: Protect you mortgage for less OTHER STORIES Rush for council tax rebates Beware ...

Ross Lydall, Evening Standard26 January 2007 Tesco stands accused today of using ' dirty tricks' to increase its domination of London's high streets. WANT TO KNOW MORE? Supermarket watch Battle over Tesco towns begins Outcry as Tesco takes half new retail space OTHER STORIES Mortgage fee refunds ordered Market report: Friday latest New pension crisis on the cards Futur ...

DENVER (AFX) - CoBiz Inc., which operates the commercial banks Colorado Business Bank and Arizona Business Bank, after the markets closed Thursday said fourth-quarter profit fell 4 percent, due mostly to restructuring its investment portfolio. Quarterly earnings declined to $5.5 million, or 23 cents per share, from $5.7 million, or 25 cents per share during the same period a year earlier. Result ...

BROOKLYN, N.Y. (AFX) - Dime Community Bancshares Inc., a thrift holding company with $3.17 billion in assets, said Friday its fourth-quarter profit fell 34 percent, hurt by rising short-term interest rates. Quarterly earnings dropped to $6 million, or 17 cents per share, from $9 million, or 25 cents per share, during the same period last year. Analysts polled by Thomson Financial forecast a prof ...

Fri 26th Jan 2007 Skipton Building Society is the latest mortgage lender to react to the Bank of England's base rate spike by introducing five new products to the marketplace. The relaunch of its fixed-rate product range has resulted in mortgage rates ranging from 5.35 per cent to Skipton Building Society three-year fixed-rate mortgages and five-year products available at 5.69 per cent.  ...

Michael Clarke, This is Money26 January 2007 Borrowers who paid extortionate mortgage exit fees when they switched lender could be in line for refunds after a crackdown by the chief financial watchdog. HIGH FEES: A&L led the way set the high-fees trend by hiking its exit charge throughout 2003 and 2004 WANT TO KNOW MORE? INTERVIEW TRANSCRIPTS: Financial Mail against A&L BLOG: Richard Dyson warns about exit fees BOARDS: Discuss exit fees POLL: If you've paid an unfair mortg ...

This is Money26 January 2007 The number of homeloans being approved plunged to its lowest level in almost six years in December, figures published today revealed. The British Bankers' Association said that during the month a total of 123,518 mortgages were approved, down from 209,669 in November. WANT TO KNOW MORE? ADVICE: Remaining fee-free 0% balance transfer credit card deals TOOLS: C ...

(Updating to add analyst comment) LONDON (AFX) - The number of loans taken out for house purchases in the UK, excluding those for remortgaging, suffered a seasonal slump in December, falling dramatically from November's five-month high. The British Bankers' Association reported that the number of loans taken out for house purchases during December fell by 42 pct to 45,533 from November's upwardl ...

(Updating with full details) LONDON (AFX) - Leading shares remained lower in early deals, extending yesterday's declines and following on from sharp falls in US and Asian trade overnight, and with mining issues weighing on the back of weaker commodity prices, dealers said. At 8.40 am, the FTSE 100 index was 30.1 points down at 6,239.2, extending yesterday's losses when the blue chip index closed ...