Mortgage lending decline 'could be sign of slowdown
Figures released today have revealed what could be the beginning of a slowdown in the housing market. Lending on mortgages was ?1bn lower in May than in April, according ...
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Barclays raises mortgage rates
Barclays today became the latest lender to announce it would be passing on last week's hike in interest rates to its borrowers.
The group announced that both Barclays a...
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Motoring costs akin to ?80,000 mortgage
Running a car now costs more than the average £80,000 mortgage and petrol-price increases could cause motoring costs to rise by £180 over the next 12 months, ac...
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Mortgage lenders pass on rate rise
Homeowners were today facing further hikes in the cost of their mortgage after the Bank of England raised interest rates for the fourth time in seven months.
The Moneta...
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Which is best, paying a lump sum off a standard mortgage or changing to an offset mortgage?
Q I have approximately ?10,000-?15,000 in savings that I would like to put towards paying off my mortgage as quickly as possible.
The amount outstanding on my mortgage ...
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I have no credit record. Can I get a mortgage?
Q I am self-employed, have never had a credit card, haven't run up any debts and have no Experian record. As a result, I have been refused a mortgage. Are there any spe...
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Can I use my mother's house as a mortgage deposit?
Q I'm a first-time buyer with a steady income but no deposit. My mother has agreed to go to a lawyer and sign over her house, worth ?100,000, to me. Can I then use this h...
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Nationwide bounces back with record mortgage lending
Britain's biggest building society, Nationwide, yesterday reported an 81% surge in net mortgage advances to a record £13.2bn, overtaking Barclays to become the UK's ...
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Choosing and using a mortgage broker
You probably thought that, having picked out your perfect house, your decision-making days were over. Frankly, you couldn't be more wrong. It's time to put all thoughts ...
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Abbey's pre-emptive strike with mortgage rate rise
Britain's second biggest mortgage lender, Abbey National, last night announced an increase in its fixed-rate home loans as it anticipated a rise in base rates from the Ba...
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Customers snared by 'hidden' mortgage charges
Mortgage lenders are trapping unwary customers into paying more than they need to for their home loans, a consumer group said.
Consumer magazine Which? said seven of th...
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Will subsidence make it hard for us to obtain an equity release mortgage?
Q My husband and I are looking to a lifetime mortgage equity-release scheme to boost our retirement income, but will the fact that our property has suffered from subsiden...
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Lender launches new mortgage - and throws in a car
West Bromwich Building Society today launched a mortgage deal to tempt borrowers. People taking out the new 'Brum brum' mortgage will get a new Rover 25 hatchback with th...
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Mortgages 'will encroach on retirement
One in four people will still be paying off their mortgage during retirement, according to research published today.
Financial pressure on first-time buyers means that p...
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Abbey to warn on mortgage crunch
Abbey, Britain's sixth largest bank, is about to shock the City again with a harsh warning that its planned turnaround is being dogged by legacy issues surrounding its mo...
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How do we find a good overseas mortgage?
Q My partner and I plan to buy a small flat on the Costa Blanca in Spain as a holiday home, and need to get a mortgage to finance part of it. There are so many mortgage c...
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Which mortgage is best for me?
Q My fiancee and I are wondering about what type of mortgage we need.
At the moment we are both working and could afford a ?290,000 mortgage and still have cash to sp...
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Mortgage growth fuels talk of rate rise
Mortgage lending grew at a blistering pace in February, the Bank of England reported today, fuelling speculation of a rise in interest rates as soon as next week.
Lendin...
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Endowment mortgage complaints 'cost ?24m
The handling of a record number of complaints about endowment mortgages cost the Financial Ombudsman Service (FOS) around ?24m this year, it emerged today.
The Ombudsma...
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Mortgage lending falls but consumers keep hitting the shops
The mortgage frenzy calmed down a little last month but there was no sign of any slowdown in high street spending, it was revealed yesterday.
Mortgage lending dropped t...
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Mortgage lending slowed last month
Mortgage lending dropped to its lowest level for nearly a year in February, figures showed today.
The Council of Mortgage Lenders said that a total of ?20.1bn was lent...
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Were my mortgage company straight with me?
Q When I applied for a mortgage with Abbey National in 1989, it advised me that the only way to do this was to take out an endowment mortgage - repayment was not an optio...
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Report calls for 'fairer mortgages
A government report today urged mortgage lenders to provide fairer products, including long-term, fixed rate loans.
Commissioned by Gordon Brown in the last Budget, the...
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How can I organise a mortgage equal to my rent?
Q I pay ?780 a month in rent but, as my salary is ?30,000, the mortgages on offer to me are not enough to allow me to buy a property for around ?150,000 (the price of a ...
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Mortgage affordability begins to fall
Meeting mortgage repayments is becoming more of a squeeze but the chunk of income people in Britain spend on their mortgage is still comparatively low, according to a rep...
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Mortgage borrowing slows but credit card spending rises
British consumers collectively pushed themselves ?10.6bn further into the red in January, according to figures released by the Bank of England today.
However, mortgage ...
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DTI shuts down mortgage firms
Two companies that took advantage of homeowners who were in financial difficulties have been wound up, it was reported today.
The London Mortgage Exchange and the Londo...
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Will I find a better mortgage rate?
Q I have an interest-only ?58,000 mortgage with Yorkshire Building Society that will be free of redemption penalties by the end of March this year when its five-year capp...
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Thousands likely to face worsening mortgage shortfall
Just three weeks after it slashed policy bonuses and payouts, Standard Life yesterday dealt its 2.3m with-profits policyholders a new blow with long-suffering endowment h...
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New year sees drop in mortgage lending
Mortgage lending eased during January as the housing market experienced its traditional post-Christmas slump, figures showed today.
The Council of Mortgage Lenders said...
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