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Mortgages News


LV= launches lifetime mortgage
28 Jul 2008 source: financemarkets.co.uk

LV= (formerly Liverpool Victoria) has launched a new equity release product. The friendly society’s Flexible Lifetime Mortgage allows homeowners to draw on the equity in their homes, as needs arise. It also provides a 15-year guarantee on the maximum amount that can be withdrawn, which will be honoured regardless of future trends in UK property prices and interest rates. The plan is open  ...


House prices fell further in July
28 Jul 2008 source: thisismoney.co.uk

Press Association28 July 2008 Reader comments (1) | Vote House prices in England and Wales fell for the 10th month in a row during July, losing a further 1.2% of their value, figures showed today. Ray of hope: Is a 25% rise in house prices on the doorstep? WANT TO KNOW MORE? How can I profit from falling house prices? POLL: Halifax's figures for June 2008 showed house prices down 10% from the peak of last summer. What change do you expect by next summer (2009)? OTHER S ...


House prices to rise 25% in five years
28 Jul 2008 source: thisismoney.co.uk

Daily Mail28 July 2008 Vote | Guide | Deals | Calculate Suffering homeowners were offered a ray of hope yesterday with a prediction that house prices are likely to rise by 25% over the next five years. Picking up: House prices will fall until 2010, before bouncing back over the next three years, claims a new report WANT TO KNOW MORE? Are you a house price optimist? House price tables: Who says what? Property to 'plunge a third by 2010' POLL: Halifax's figures for June ...


SKorean shares end flat ahead of data; technology stocks fall - UPDATE ...
28 Jul 2008 source: iii.co.uk

SEOUL (Thomson Financial) - South Korean shares ended flat on Monday as investors exercised caution ahead of a series of data to be released at home and in the United States, with big technology names such as Samsung Electronics extending their falls on tepid earnings prospects. Key data to watch this week include the U.S. employment report and gross domestic product and South Korea's factory out ...


Tokyo shares close firmer on Wall St gains, but capped by caution - UPDATE ...
28 Jul 2008 source: iii.co.uk

TOKYO (Thomson Financial) - Japanese shares closed slightly higher on Monday after trading listlessly for most of the day, with buying interest fuelled by Wall Street's rebound overnight after better-than-expected U.S. economic data eased concerns about the state of the economy. But the gains were capped by caution ahead of the release of quarterly earnings Tuesday by Sony Corp and Matsushita Ele ...


UPDATE 1-Spanish house sales dive 34 pct in May
28 Jul 2008 source: iii.co.uk

MADRID, July 28 (Reuters) - Spanish house sales plunged 34 percent year-on-year in May as households baulked at 8-year-high mortgage borrowing rates and waited for prices to fall after the collapse of a decade-long property boom. The rate of decline was a return to levels seen earlier in the year, after a milder 7.1 percent fall in April, as government data showed a 40.4 percent fall in May house ...


UPDATE 3-ANZ warns on profits due to credit crunch, shares dive ...
28 Jul 2008 source: iii.co.uk

SYDNEY, July 28 (Reuters) - Australia and New Zealand Banking Group (ANZ) <ANZ.AX> warned profits would fall sharply and forecast more than $1 billion in bad debt charges as the global credit crisis started to hurt the country's previously buoyant banks, sending its shares down as much as 13 percent. ANZ's announcement that it would take A$1.2 billion ($1.1 billion) in provisions in the ...


Australia new home sales rose in June - industry
28 Jul 2008 source: iii.co.uk

SYDNEY, July 28 (Reuters) - Sales of new homes in Australia rose in June, partly making up for weakness in prior months, a Housing Industry Association (HIA) survey showed on Monday. HIA said total sales rose a seasonally adjusted 4 percent in June, after a 5 percent drop in May. Private detached house sales firmed by 2.6 percent, while often-volatile multi-unit sales jumped 15.5 percent. Despit ...


Mortgage bills to soar as fixed deals end
27 Jul 2008 source: thisismoney.co.uk

Richard Dyson, Financial Mail27 July 2008 Deals | Calculate Falling house prices mean those coming off fixed deals may see monthly costs soar by 40%. Budget: Linda and Ian Lewis will rethink their finances when their low mortgage rate expires WANT TO KNOW MORE? Find the best mortgage for you How to find the best fee-free mortgages OTHER STORIES How to find the best fee-free mortgages Nationwide cuts mortgage rates Mortgage lenders turn up heat with fees Mortgag ...


Criminal fake mortgages are revealed
27 Jul 2008 source: thisismoney.co.uk

Dan Atkinson, Financial Mail27 July 2008, 11:50am Tens of millions of pounds worth of fraudulent mortgages, issued during the easy money years, are set to come to light during the next few months, experts have warned. OTHER STORIES Abbey topples Halifax as top loan provider House prices to 'plunge a third by 2010' Stock market report: The week's trading Commercial landlords face r ...


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