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Northern Rock savers lose their guarantee
Millions of savers with Northern Rock will lose the unlimited guarantee on their deposits after the Government lifts the measure on all variable-rate accounts today. The move, which brings the bank in line with its competitors, reduces the guarantee to … Continue reading
Housing market performing well
The UK housing market is improving at a greater pace than many European counterparts, new figures have revealed. House prices rose by 1% in the UK overall last year, according to the Royal Institution of Chartered Surveyors (RICS), and by … Continue reading
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Loans based on future rates
The amount of money banks and building societies are willing to lend to home owners is being based on future interest rate rises for the first time, it can be disclosed. Lenders are so concerned about the likelihood that rates … Continue reading
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Bonds take beating as UK is lumped with troubled trio
What could push up the cost of Mortgage Funds? British government bonds took a fresh hit amid claims that the Treasury’s fractured finances bear uncomfortable similarities to those of Greece, Portugal and Spain. The implied interest rate on the UK’s … Continue reading
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Tagged Add new tag, Government bond, Greece, International Monetary Fund, Portugal, Spain, UK Treasury
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Mortgage costs hit 5-year low
New fixed-rate and tracker-rate mortgages have become cheaper this week – with some rates falling by as much as 0.6 percentage points – as new figures show that homebuyers’ ability to repay has improved. According to the Council of … Continue reading
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Tagged Building society, Council of Mortgage Lenders, Financial services, Mortgage
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Loans log jam mars builders
Housebuilders Bovis Homes and Bellway hailed a pick-up in the housing market yesterday but said a mortgage logjam could derail the recovery. Bovis predicted 2009 profits in line with expectations after completing 25 per cent more private homes than in … Continue reading
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Tagged Bellway, Business, Financial services, Mortgage, Property
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BTL ends year on a high
Landlords were enjoying a 7.6% annual return on their investments by the end of December, according to the latest Buy-to-Let Index from LSL Property Services. With the value of their properties rising by 3% over the year and rental income … Continue reading
Reduced rates, increased LTVs – it’s good news from the Coventry
For the second time this year Coventry Building Society are reducing their mortgages rates! – Good News for all! Residential Mortgage Rates will be available for both Purchases and Remortgages, with headline rates from just 2.99% on their Flexx for … Continue reading
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Tagged BTL, Buy to Let, Coventry Building Society, Loan to Value, Mortgage
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Rate rise fears spark rush to issue bonds
Businesses and governments have rushed to raise tens of billions of dollars from bond markets in a frenetic round of new year fundraising amid fears that interest rates are set to jump. A flurry of issuers, including Virgin Media, BMW … Continue reading
Recovery stronger in retail than in housing
Signs of stability in Britain’s economy emerge from two new surveys released today, but the pace of recovery in the housing market appears more muted than the mood on the nation’s high streets. The British Retail Consortium’s monthly survey for … Continue reading