Mortgages News

Jo Thornhill, Financial Mail on Sunday4 February 2007 Tens of thousands of people whose mortgage endowment complaints were rejected - supposedly because they were 'out of time' - have been given new hope of compensation. This follows a report by the Financial Services Authority that has found that some banks and insurers wrongly applied deadlines on mis-selling complaints. SEEING RED: Michael Webster says he feels cheaeted after Barclays time barred him WANT TO KNOW MORE ...

4 February 2007 How much might you be owed? Mortgage exit administration fees remained static for many years. Then, in 2004, prompted largely by one lender, Alliance & Leicester, they started to rise dramatically. The lenders argued they had a right to increase the fees – because it said they could in mortgage contracts. Had lenders just raised the fees modestly in line with inflat ...

Price website MoneyExpert.com said fees payable on so-called 'sub-prime' mortgages have risen by 13.5 per cent over the past six months from £813 to £923.The number of sub-prime mortgages with a fee of more than £1,000 increased by 46 per cent during the same period.At the same time the amount of specialist lenders prepared to offer a fee-free home loan to people with adverse credit has slumped,  ...

Simon Moon, This is Money3 February 2007 They have been slated as an expensive waste of time and their launch has been described as a fiasco, but if you are planning to sell your home this year you'll have to fork out around £400 for one unless you move quickly. HIPS DON'T LIE: From June, sellers will have to pay £400 for a home information pack OTHER STORIES Get your mortgage fees back Standard Life payouts fall again New on the market Where next for house ...

LONDON (AFX) - Recent figures showing a rise in the number of the mortgage repossessions and individual insolvencies look set to get worse if borrowing costs rise as predicted. Figures from the Council of Mortgage Lenders showed that 17,000 homes were repossessed in 2006, up 65 pct on 2005 while the Department of Constitutional Affairs said mortgage possession orders were up 22 pct for the fourth ...

2 February 2007 Householders are being intimidated into selling their homes so that developers can build blocks of flats on rows of gardens, it was claimed today. OTHER STORIES Get your mortgage fees back Standard Life payouts fall again Where next for house prices? New on the market Mortgages outpace base rate increase ALL ABOUT HOMES • Interest calculator •  ...

This is Money2 February 2007 More than 80% of Standard Life mortgage endowments maturing this year will not pay off the home loans they are secured on - leaving homeowners with a typical shortfall of £2,800. OTHER STORIES Get your mortgage fees back Where next for house prices? New on the market Mortgages outpace base rate increase Free guide to equity release AL ...

LONDON (AFX) - UK small caps closed sharply higher today, mirroring strong gains across the broader market, with Designer Vision nearly doubling on news of a contract win at Citroen, dealers said. The FTSE Small Cap index closed 20.5 points higher at 3,967.9, just shy of its session high of 3,972.6, while the FTSE 100 ended the day up 79.1 points at 6,282.2. Designer Vision Group leapt 89 pct, u ...

Daily Mail1 February 2007 In just over two months, sales of all types of equity release plan will at long last be regulated. OTHER STORIES Get your mortgage fees back Mortgages outpace base rate increase Where next for house prices? New on the market Property repossessions soar ALL ABOUT HOMES • Interest calculator • Property quiz • Jargon buster &#14 ...

LONDON (AFX) - UK small caps were remarkably higher midday, reflecting strength across the wider market, with Designer Vision pleasing investors on the back of news of a contract win at Citroen, dealers said. The FTSE Small Cap index was 15.6 points up at 3,963 by lunchtime, just shy of the session high, while the FTSE 100 was 85.2 ahead at 6,288.3. Among the winners, contract news gave a lift t ...