Mortgage cashback
Now you can shop till you drop and pay off your mortgage at the same time. A new credit card launched by Yorkshire Building Society tomorrow pays cashback which can be se...
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Mortgage launches with property crash protection
A new mortgage offering borrowers protection against negative equity has gone on the market today.
The deal, which is available to first-time buyers and existing homeown...
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Can we get a mortgage without a permanent job?
Q We are in our early 30s and desperate to get on the housing ladder. We can afford to put down a deposit of £10,000 and are looking to buy a house for around £...
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Can I fix my mortgage rate for 15 years?
Q I am currently paying over the odds on a variable-rate repayment mortgage and I am interested in securing a fixed-rate mortgage for the remaining life of my loan (15 ye...
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Are there short period mortgages with no early exit fee?
Q We are due to retire in two years' time and will move home then. If we found our ideal home before then, we want to buy it in advance.
If we were to liquidise our savi...
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Should I use my savings to pay off my mortgage?
Q I have a flexible mortgage with the Bank of Ireland which has 15 years left to run. I make overpayments of £200 a month, which have brought the capital balance dow...
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Mortgage lending up, but market still slow
Mortgage lending by banks rose in April, to reach its highest level this year, but borrowing on credit cards has fallen, according to figures published today.
The Britis...
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Taxpayers to fund cut-price mortgages
A revolutionary scheme to provide hundreds of thousands of struggling first-time buyers with cheap mortgages funded by taxpayers' money is to be announced this week.
Un...
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Mortgage lending shows modest signs of recovery
Mortgage lending increased in April, according to three sets of figures out today, but there were mixed messages from lenders.
While some suggested that the housing mark...
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Can I take over my ex-partner's mortgage?
Q My partner and I are splitting up. The mortgage is in my partner's name but he is willing to give me the house, and does not expect any money from me.
There is ?62,000...
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How do all-in-one mortgages work?
Q Can you give me some information about all-in-one bank accounts and mortgages? I believe Virgin used to offer one some time ago and that the main advantage was that if ...
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Can I use a loan instead of a mortgage?
Q I'm going ahead with a right-to-buy on my council flat and the buying price is just under ?15,200. As it's such a small amount I'm hoping to pay it off as soon as I can...
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Mortgage approvals point to stabilising market
Mortgage approvals rose in March to their highest figure in seven months, Bank of England figures show today.
The seasonally adjusted figures showed that approvals for h...
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Respite for lenders as new mortgage figures rise
Mortgage lending stabilised in March, although it was still significantly down on last year, according to three sets of figures released today.
The Council of Mortgage L...
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Who's going to pay the mortgage?
Thousands of West Midlands workers are facing a desperate scramble to find new jobs in the wake of the collapse of MG Rover and the news of almost 5,000 redundancies at i...
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Mortgage lending 'to drop 10% by 2007
Mortgage lending in the UK will decline 10% by 2007 as the property market stalls, according to a report published today.
Analysts Datamonitor said the outlook for the n...
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Is it worth swapping to a repayment mortgage?
Q Is it true that it is not worth converting my interest-only mortgage to a repayment one as in the first few years I would be paying compound interest, meaning the repay...
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Mortgage equity withdrawal drops sharply
Consumers' appetite for borrowing against the value of their home to fund lifestyle purchases such as holidays and cars has plummeted, according to figures released today...
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Lloyds TSB launches Islamic mortgage
Lloyds TSB will launch a home finance product which is compliant with sharia law today, a month after introducing an Islamic current account.
The facility - an alternati...
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Mortgage lending 'flat' in February
Lending on mortgages remained "flat" in February, with the number of mortgages for homebuyers at the lowest level since May 2003, according to figures released today.
T...
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Right-to-buy tenants to get option of Islamic mortgages
The government is to consult on allowing council tenants the right-to-buy their homes using mortgages which comply with Islamic law, it emerged yesterday.
Under right-to...
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How can I find out how much a mortgage will cost?
Q I was amazed to discover that in a mortgage Key Facts Illustration, the lenders are not required to give information about the repayment part of the instalments in a re...
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How do I take a break from the mortgage?
Q I am thinking about a mortgage holiday as I have made an unexpected large purchase. I have used my savings, have a loan that will be paid off in a year and have an ?85...
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Homeowners clear mortgage faster
British homeowners are paying off their mortgages faster than they have for the past 25 years, figures out today showed.
Almost a third of homes in Britain are now owne...
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I retire at 60 but must pay my mortgage until I'm 70
Q I have a three-year fixed-rate (5.49%) interest-only mortgage with Nationwide which expires on February 28 2005. The remaining mortgage term is 15 years two months. The...
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I've had depression - now no one will insure my mortgage
Q I was off work with depression in May 2004 and have been unable to find any mortgage payment protection or ASU providers willing to cover me now. What can I do?
LH
A ...
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Mortgage approvals hit new low
Mortgage approvals slumped by nearly half in January compared to the same month a year ago while consumer spending growth slowed to its weakest in nearly two years in the...
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Mortgage lending hits new low
Further evidence of a cooler housing market emerged today when figures showed approvals for house loans at their lowest level in six years.
The British Bankers' Associa...
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Mortgage lending slows
Mortgage lenders warned yesterday that the housing market would remain weak for several months as the latest figures revealed a decline in new mortgage lending in January...
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FSA to seek out illegal mortgage brokers
A nationwide crackdown on unauthorised brokers who advise on and arrange mortgages illegally was launched yesterday by the financial industry watchdog.
The Financial Ser...
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