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UK Mortgage Lending Falls 10% in November
The latest figures released by the Council of Mortgage Lenders on December 17th showed that UK mortgage lending declined by 10% in November, which fact raised concerns supported by the report on UK housing market environment for 2010 earlier published...
Continue reading full story (read 674 times) Add a Comment - 0 users commented on this storyUK Remortgages Held Back by Market Conditions
As we have already reported, the figures published by the Council of Mortgage Lenders suggest that the number of mortgage loans taken out by UK borrowers in October 2009 hit the 2-year high as the activity on the British property...
Continue reading full story (read 495 times) Add a Comment - 0 users commented on this storyCredit Rating Agencies Cause Borrowers to Miss Out Mortgage Deals
A recent news article published by The Times suggests that despite the efforts made by UK building societies and banks that are constantly reducing mortgage interest rates trying to meet their lending targets by the end of 2009, many borrowers...
Continue reading full story (read 510 times) Add a Comment - 0 users commented on this storyNew Offset Mortgage Deal Launched by First Direct
According to the news article published on the official web site of First Direct on November 30th, the lender announced launch of a new competitive offset tracker mortgage deal at a pay rate of 2.08% above the base rate, or...
Continue reading full story (read 671 times) Add a Comment - 0 users commented on this storyMerger Between Yorkshire and Chelsea Agreed
According to Mr. Cornish, chief executive of Yorkshire Building Society, merger talks that were earlier held between his building society and Chelsea were successful as Yorkshire Building Society has agreed to merge with Chelsea. The merger will potentially result in mass...
Continue reading full story (read 357 times) Add a Comment - 0 users commented on this storyLeading UK Mortgage Lenders Might Merge Soon
Two largest British building societies – Yorkshire, which takes the 2nd position in the UK and Chelsea, which takes the 5th place, recently announced that they are currently holding negotiations about possible merger. Should the deal be agreed, a powerful financial...
Continue reading full story (read 350 times) Add a Comment - 0 users commented on this storyMortgage Borrowers Tend to Make Regular Overpayments on Loans
The latest survey carried out by major UK mortgage lenders, the results of which were published by The Independent on Thursday, December 3rd, suggests that UK mortgage borrowers prefer to make larger repayments on their loans rather than spend extra...
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