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Monthly Archives: February 2010
Upbeat Yorkshire to double mortgage lending
Yorkshire Building Society, the UK’s second-biggest mutual, plans to double its mortgage lending this year, signalling a positive outlook on the housing market. The company, which is set to complete its acquisition of Chelsea Building Society on April 1, said … Continue reading
Skipton to merge with Chesham Building Society
Skipton is to merge with Chesham Building Society, creating a Society with over £15bn of assets and a 92-strong branch network. Subject to confirmation by the Financial Services Authority (FSA) and approval by Chesham members, the merger is expected to … Continue reading
Pre-pack saves John Charcol
John Charcol, the beleaguered mortgage broker, has become the latest company to undergo a controversial pre-pack administration – saving jobs but leaving its creditors out of pocket. The company entered administration late on Monday night before being bought by … Continue reading
Posted in Financial News, Mortgage Lenders, Mortgage News
Tagged Add new tag, Administration, John Charcol, Mortgage, Towergate Financial
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Sharp drop in mortgage lending
A combination of the removal of stamp duty relief and adverse weather saw the number of mortgages approved for house purchase by the UK’s banks fall sharply in January. Latest data from the British Bankers’ Association (BBA) revealed that … Continue reading
Posted in Financial News, Mortgage Lenders, Mortgage News
Tagged Add new tag, Mortgage
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Santander gives first-time buyers new hope
Santander will today open its doors to first-time buyers of new-build property for the first time since the banking crisis began. The UK’s second-biggest mortgage bank — formerly Abbey — will increase the maximum loan sizes for first-time buyers who … Continue reading
Posted in Financial News, Mortgage Lenders, Mortgage News
Tagged Add new tag, First-time buyer, Loan to Value, Mortgage loan, Stamp Duty
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Appetite to lend still weak, figures suggest
The appetite to lend to potential mortgage borrowers is still weak, despite a marked expansion in the sector, figures from Moneyfacts Group suggest. Data released by the Council of Mortgage Lenders yesterday revealed that lending fell by 32% in January. … Continue reading
Posted in Financial News, Mortgage Lenders, Mortgage News
Tagged Add new tag, Financial services, Loan, Loan to Value, LTV, Mortgage
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FTB house prices rising
The task of getting on the property ladder has got even harder after it was revealed house prices for first time buyers increased by 1.4% in December. According to the Department for Communities and Local Government, property prices for first … Continue reading
Posted in Financial News, Mortgage Lenders, Mortgage News
Tagged Add new tag, First-time buyer, Property ladder
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Property drifts towards years of no growth
Nationwide Building Society, Britain’s biggest building society, told the Sunday Times last week that house prices could stay flat or even fall in 2011 and 2012 despite the recent rally, adding to growing fears of a “double dip” in the … Continue reading
Posted in Financial News, Mortgage Lenders, Mortgage News
Tagged Add new tag, Halifax, Inflation, Interest rate
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Justin Moy