Mortgages News

Fri 27th Jun 2008 Rates on fixed interest mortgages are worrying as many homeowners coming to the end of their current deals are likely to see large increases in their repayment levels. This is the view of the financial information service Moneyfacts which is hoping that the recent decrease in swap rates will be passed onto consumers by mortgage lenders. Moneyfacts points out that the a ...

Fri 27th Jun 2008 Alliance & Leicester is launching a new mortgage product which will be available via brokers, branches or Mortgage Direct. The two-Year Base Rate Tracker boasts a headline rate of 5.98 per cent and will allow customers to borrow up to 75 per cent of the property value. The maximum loan available through the product will be £1 million, with a £999 product  ...

Philip Scott, This is Money30 June 2008 Vote | Quiz | Calculate Fear and the credit crunch are dominating savings habits in the UK but despite these concerns almost half are still not tucking enough cash away, according to the annual Scottish Widows UK Pensions Report. Scottish Widows: 'Fear is driving the nation to save' WANT TO KNOW MORE? QUIZ: Pensions POLL: How should the Government solve the pensions shortfall? OTHER STORIES Forgotten heroes denied pension ri ...

Robert Lea, Evening Standard30 June 2008 A tale of two personal finance consumers emerged today as those who can afford to save banked their cash at the fastest rate in six years while those who cannot are heaping more and more on their credit cards. WANT TO KNOW MORE? Inflation hits savings accounts British banks offer best savings deals How to make the most of credit cards OTHER S ...

Simon Lambert, This is Money28 June 2008 Reader comments (1) | Guide | Deals | Calculate More than one in ten homeowners would consider moving despite the struggling property market – but should you move or improve? Property ladder: But would you be better off staying put? WANT TO KNOW MORE? Find the best fee-free mortgages True cost mortgage calculator Find the best mortgage for you OTHER STORIES BoE: Mortgages for homebuyers dive 64% Halifax launches £ ...

Gideon Spanier, Evening Standard30 June 2008, 12:05pm Fancy a trip to The Proms? How about the racing or yachting? Summer is the season for corporate entertaining - none more so than in the upscale world of wealth management. High life: Until very recently the rich have been largely immune from the financial turmoil of the last year WANT TO KNOW MORE? Private banking Credit crunch costs another 10,000 jobs Super-rich homes beating the crunch OTHER STORIES Trinity h ...

MUMBAI (Thomson Financial) - Indian shares closed nearly 2.5 percent lower on Monday amid weak global cues as worries resurfaced that the communist parties might withdraw support to the United Progressive Alliance (UPA) coalition government, denting investor sentiment, already hurt by rising domestic inflation and crude prices. GOVERNMENT SHAKY AGAIN Indian communist parties, which lend vital su ...

LONDON (Thomson Financial) - European government bonds plunged after data showed inflation notched up to a new record high this month in the euro zone, reinforcing market expectations that the European Central Bank will raise interest rates on Thursday. The euro zone harmonised index of consumer prices (HICP) rose a provisional 4.0 percent year-on-year in June compared with a year-on-year rise of ...

LONDON (Thomson Financial) - European government bonds stayed under pressure after news early in the day that inflation hit a record high for the second month running in the 15-nation area. The news helped strengthen expectations that the European Central Bank will hike interest rates by a quarter point to 4.25 percent this Thursday as it takes the fight to inflation. The euro zone harmonised in ...

Simon Lambert, This is Money30 June 2008, 10:33am Guide | Calculate | Blog The number of mortgages approved for homebuyers has plummeted by 64% over the past year according to Bank of England figures – hitting lower levels than during the 1990s house price crash. Troubled: Bank of England figures have revealed a 64% drop in mortgages for house purchase over the past year WANT TO KNOW MORE? Property sales to half in a year True cost mortgage calculator Find the best  ...