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- First-time buyers rent while saving for home mortgage deposit - 17th July, 2009
New research by financial website moneysupermarket.com has revealed how those taking their first steps onto the home mortgage market are planning to gather up the money required for a deposit.
Figures from the site show that 13 per cent of 18 to 34-year-olds are looking to buy a house in the next 12 months, but they will need a plan in place to ensure they can afford to put a deposit down on the mortgage... - Mortgages cheaper than renting in east Midlands - 15th July, 2009
A new report by the Nottingham Building Society has shown that average monthly rents are costing residents in the east Midlands more than typical mortgage repayments over the same period of time.
Despite rent prices falling overall across the UK in the past year, the average tenant in the area will pay £633 a month to their landlord, while those with a mortgage on an £80,000 house can expect outgoings of just £508 over 30 days... - Home mortgage lending to see a rise? - 14th July, 2009
New research has found that house price expectations have risen and buyers are starting to make more enquiries, which could lead to more home mortgage lending.
Conducted by the Royal Institute of Chartered Surveyors (Rics), the report showed that six per cent more respondents believe house prices will rise in the next three months compared to May's figures, caused by a higher number of mortgage enquiries... - Mortgage lenders advise mixed deals - 13th July, 2009
Mortgage lenders have encouraged those looking for the best deal at the moment to choose one which allows both tracker and fixed-rate options.
Jane King, mortgage adviser for Ash-Ridge Private Finance, told Unbiased.co.uk that there are some tracker loans available which can be switched to a fixed rate later on, which would help if the base rate suddenly rose... - Nationwide offers 125% home mortgage - 10th July, 2009
Despite home mortgage regulations set out in March by the Financial Services Authority which aimed to stop risky lending, Nationwide Building Society has launched a 125 per cent loan-to-value deal.
The mortgage lender has backed its decision to go ahead with the loan, stating that it is a "very prudent and cautious" provider with a track record of low arrears and repossessions... - Mortgage lenders need 'more competition' - 9th July, 2009
The Association of Mortgage Intermediaries (AMI) has said that competition is lacking in the market and consumers do not have enough of a variety to choose from.
Robert Sinclair, director of the AMI, explained that the number and quality of deals being provided by mortgage lenders is currently low due to the stranglehold from a group of six banks... - Mortgage lenders increase loan-to-income - 8th July, 2009
Those looking for a housing loan which offers high levels of credit compared to their annual income have various mortgage products available to them, according to one website.
Unbiased.co.uk said that "most" mortgage lenders are starting to offer deals with loan-to-income ratios of up to four times the borrower's salary, although these require average deposits of 20 per cent for a good rate... - Buy to let mortgage borrowers lose interest in market - 7th July, 2009
Investors in residential property are no longer keeping track of the best buy to let mortgages on offer due to the recent volatile market, according to one survey.
Conducted by the Young Group, the poll revealed that only 24 per cent of respondents regularly checked their buy to let mortgage against other deals available on the market in the second quarter, compared to 80 per cent at the same time a year ago... - Cheapest home mortgage deals in northern seaside towns - 6th July, 2009
A new survey has found that those looking to take advantage of cheap house prices in UK seaside towns in order to lower their mortgage costs should look towards those in the north of the country.
Conducted by home mortgage lender Halifax, the survey of the house market showed that the cheapest properties could be found in the Cumbrian town of Whitehaven, nearby Maryport and Withernsea in East Yorkshire... - Mortgage lender offers capped tracker - 2nd July, 2009
One mortgage lender is giving a helping hand to those unwilling to lock into a fixed-rate deal by introducing a tracker product which is capped until 2012.
As part of first direct's Summer Sale, the tracker mortgage, which currently offers an interest rate of 2.98 per cent, will not rise above 4.99 per cent for the next three years in spite of any base rate movement which may occur...