House prices see highest growth in one year
Property prices in Britain continued to surge as an upbeat reaction to Bank of England’s decision cut interest rates. According to Halifax, the UK’s largest lender and a part of HBOS (Halifax and Bank of Scotland) PLC banking group, the pricing for houses increased by 1.2 per cent in September, while the annual rate of increase went up by 3.0 per cent.
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Thu, 06 Oct 2005 16:25 GMT |
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Mortgage equity withdrawal increases in Q2
LONDON - The latest figures from the Bank of England show that the second quarter of the year was a good one for the mortgage equity withdrawal rates.
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Tue, 04 Oct 2005 20:20 GMT |
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Northern Rock stands firm despite dull property market
Depression in the property market and stagnation in housing prices have failed to deter Northern Rock, as it reported an optimistic trading update, saying that its profit forecast matched with expectations, and its credit status was also quite strong.
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Tue, 04 Oct 2005 16:15 GMT |
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BBA says mortgage lending increased in August
LONDON - The British Bankers' Association said that mortgage lending rose in the month of August, but credit card borrowing continued its downward trend as the UK public sought to rein in spending.
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Wed, 28 Sep 2005 09:30 GMT |
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FSA seeks answers on mortgage administration fees
LONDON - The Financial Services Authority (FSA) has said that it would be talking to mortgage lenders who are in its opinion charging unfair mortgage administration fees.
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Sat, 24 Sep 2005 17:05 GMT |
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Scottish Executive launches shared equity housing scheme for first time buyers
EDINBURGH - The housing market in the UK may be floored, but the Scottish Communities minister Malcolm Chisholm is by no means beaten as he has announced a new scheme to allow first time buyers and families with low incomes to actually realize their dream of owning a home.
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Thu, 22 Sep 2005 09:25 GMT |
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Upsurge in remortgaging revives mortgage lending
The Council of Mortgage Lenders (CML) revealed statistics, according to which, mortgage lending in the country had revived and reached lofty heights in August after July 2004.
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Wed, 21 Sep 2005 13:15 GMT |
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Bank of England decides to hold interest rates at 4.5 percent
LONDON - True to script, the Bank of England's Monetary Policy Committee has decided to hold the interest rates steady at 4.5 percent today. This move by the nine-member MPC was widely anticipated by analysts especially in the light of the close 5-4 vote last month when the rates were cut by a quarter point.
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Thu, 08 Sep 2005 20:05 GMT |
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Abbey offers three months free mortgage protection cover
LONDON - Abbey mortgage customers have reasons to cheer, as they are eligible to avail three months of free mortgage protection cover starting September 5. The new offer aims to get the customers ready in case there is unexpected sickness or redundancy.
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Sat, 03 Sep 2005 17:05 GMT |
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