1 in 6 retirees 'still paying off mortgage
One in six pensioners is still paying off a mortgage despite living on lower incomes than during their working lives, research has found.
Scottish Widows Bank said pensi...
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Cheap fixed-rate mortgages disappearing
Competitive fixed-rate mortgages look set to disappear in the near future as expectations of an interest rate rise grow, mortgage lender Woolwich said today.
The bank, w...
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Mortgage approvals hit two-year high
The number of residential mortgages approved rose to the highest level for almost two years in March, but consumers were keen to repay credit card debts and loans, figure...
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Red faces after Barclays bosses get mortgages from rival banks
Embarrassed Barclays officials yesterday confirmed that the bank's chief executive took out a home loan last year with its rival HSBC - just months before announcing his ...
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Mortgage debt rises to £1 trillion as this month's house prices stall
Total mortgage debt in Britain is likely to pass £1 trillion early next month, the Council of Mortgage lenders said yesterday. While overall personal debt broke thr...
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Mortgage debt hits £1 trillion
Outstanding mortgage debt is set to break through the £1 trillion barrier for the first time in early May, the Council of Mortgage Lenders (CML) said today.
But des...
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Can I get a mortgage for 7.5 times my salary?
Q I am a teacher in further education earning about £20,000 annually. Is there any way I could get a mortgage for £150,000?
My brother has suggested that we bu...
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Mortgage lending rises despite debt fears
Lending and savings figures for March published today suggest that consumers are cutting down on unsecured borrowing and putting more cash on deposit while taking on incr...
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Mortgage lending at highest since 2004
Mortgage lending reached £28.3bn last month, a record March figure and the highest in any month since July 2004, the Council of Mortgage Lenders said yesterday.
Le...
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Mortgage lending hits new high
Mortgage lending soared to a new high during March, boosted by the housing market's traditional spring revival, figures showed today.
A total of £28.31bn was advan...
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Do I need insurance on my mortgage?
Q I have an £87,000 mortgage with 20 years left to pay. I am 47 so I will be well into my retirement by the time it is paid off.
In addition to my monthly payments,...
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Move to tackle mortgage fraud
An initiative to reduce the number of fraudulent mortgage applications being made through brokers was launched today.
The Financial Services Authority (FSA) is joining f...
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Can my sister get a second joint mortgage?
Q I purchased a property two years ago with my then (but now ex) girlfriend. After completing a transfer of equity (and due to salary levels), I had my sister come on to ...
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I'm employed on a contract. Can I still get a mortgage?
Q Like many newly qualified junior university lecturers, I am on a fixed-term six month contract. My past contract was also for six months and it is likely to be renewed ...
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Mortgage lending dips
The number of homebuyers taking out mortgages fell in February, after a strong start to the year, official figures showed today.
The Bank of England said 115,000 mortgag...
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Can we get a mortgage for a second home?
Q My partner and I bought our first property in March 2005, with a 100% mortgage for £87,000. The property, a one-bedroom flat, has recently been valued at £115...
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Unexpected dip in mortgage lending, despite market strength
Britain's housing market showed the first signs of renewed weakness last month with an easing in demand for home loans, according to figures out yesterday.
Amid a spate ...
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Mortgage lending hits February high
The housing market continued its strong start to the year as mortgage lending in February reached record levels for the month, figures showed today, although there are si...
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Must I tell my mortgage lender I'm letting my flat?
Q I bought my first house three years ago and have lived in it since then. However, I now want to move into my girlfriend's house and rent my house out. Should I tell my ...
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Students offered 100% mortgages to become landlords
Students are being encouraged to become landlords by taking out a mortgage under a new scheme launched this week.
Undergraduates can take out 100% mortgages on propertie...
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Mortgage loan story rejected by Jowell's husband
David Mills, the husband of the culture secretary, Tessa Jowell, yesterday dismissed as "completely untrue" allegations that the couple took out a mortgage loan in order ...
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Mortgage lending reaches record £23bn
Figures revealing record mortgage lending last month provide fresh evidence that the housing market has enjoyed a strong start to the year.
The Council of Mortgage Lende...
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Mortgage lending hits record levels
There were further signs of a pick-up in the housing market today as lenders reported record levels of mortgage lending in January.
The Council of Mortgage Lenders (CML)...
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Is mortgage advice free?
Q My husband and I live in Italy and want to invest in a buy-to-let flat in London. I telephoned an agent and a mortgage adviser contacted us. The problem is, I can't wor...
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How can we cut the cost of switching mortgages?
Q My husband and I plan to move house and reduce our mortgage this year, but have not decided when to put the house on the market.
Our current mortgage deal with Nationw...
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Housing packs could lead to return of gazumping, say mortgage lenders
The introduction next year of home information packs could distort the housing market, cause confusion among the public and even lead to the return of gazumping, accordin...
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Mortgage lending continues to grow
Consumers' appetite for unsecured borrowing waned in December, but mortgage lending continued to strengthen, the Bank of England said today.
The Bank's figures show the ...
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Lenders bid for your mortgage
A new eBay-style online service for homebuyers where mortgage lenders compete against each other to provide people with cheaper home loans went live this week.
Mortgageb...
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Mortgage demand boosts Northern Rock profits
The mortgage bank Northern Rock today announced a 14% rise in profits last year, buoyed by strong demand for residential mortgages.
The bank, Britain's eighth-biggest, ...
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Mortgage endowment payouts cut again: more falls to come
There was more bad news this week for thousands of people with mortgage endowments, after Norwich Union cut payouts again - and warned that things aren't about to get bet...
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