Lib Dems issue endowment mortgages warning

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• New Shariah-compliant mortgage for landlords - 5th October, 2005
  

  The mortgage market has developing increased variety with the launch of a new buy to let product for Muslim consumers.
  Bristol & West and the Arab Banking Corporation have jointly developed a mortgage suitable for Muslim landlords.
  While the product is in compliance with Shariah rulings on interest, Bristol & West reports that it possesses similar criteria to conventional mortgages and so remains competitive...

• House prices on the increase - 6th October, 2005
  

  The housing market seems to be picking up as property prices increased by 1.2 per cent in September....

• Stable interest rates could please mortgage holders - 5th October, 2005
  

  Analysts are predicting the Bank of England will once again leave UK interest rates steady.
  If their predictions are borne out October will be the second month running with interest rates constant at 4.5 per cent...

• Nationwide lowers its mortgage reservation fees - 12th October, 2005
  

  In an effort to encourage people to have longer-term secure mortgage payments, Nationwide Building Society is lowering its reservation fees for its five and ten year fixed rate mortgages.
  From this Friday the reservation fee for these mortgages will be £199, reduced from £389...

• Cahoot sets up mortgage trial - 7th October, 2005
  

  Internet bank cahoot has announced that it is offering a set of mortgages, only available by telephone, in association with parent company Abbey.
  The trial fixed rate, tracker and flexible mortgages will carry on until early next year and if the trial is successful then cahoot intends to produce its own independent mortgages, which should be available online as well as by telephone...

• New study reveals many young people can not afford mortgages - 11th October, 2005
  

  Latest research shows that more than one million young people do not have enough money for even the cheapest homes in their area.
  The research indicates that over 1.25 million people under 40 in England, Scotland and Wales have incomes too high to receive housing benefit if they live in rented housing, but too low to afford a mortgage on even the cheapest two or three bedroom homes...

• Buy-to-let market encouraged by good mortgage deals - 10th October, 2005
  

  More inventive and competitive mortgages are the main reason for the improvement in the buy-to-let market, according to more than half of buy-to-let intermediaries questioned.
  The results from Mortgage Trust’s October Buy-to-Let Intermediary Forecast also pointed to strong rental demand and improved overall confidence in the housing market for the increase in landlords buying property...

• New re-mortgaging offer from Yorkshire Building Society - 13th October, 2005
  

  Yorkshire Building Society (YBS) has launched a two-year mortgage specifically for people who are changing their mortgage but not moving house.
  The mortgage has a fixed interest rate of 4.39 per cent and customers will receive a free re-mortgaging legal service and free accident, sickness and unemployment cover for the first six months...

• Large growth in buy-to-let mortgage activity - 13th October, 2005
  

  Landlords have stepped up their buying activities as a Mortgages Direct study shows a 50 per cent increase in their mortgage activity in September.
  This means buy-to-let investors make up 12 per cent of people wanting to get a mortgage, reports the financial website in2perspective.com...

• RICS launches property auction guide - 7th October, 2005
  

  The Royal Institution of Chartered Surveyors (RICA) has released a new guide to selling property at auction in order to simplify the increasingly popular process.
  The top 20 UK auctioneers have reported a 16 per cent rise in the number of properties sold at auction during 2004...