Archive for the ‘Houses and Mortgages’ Category

TweetShareAn improvement in the number of people seeking mortgages is a positive development for the sector, it has been stated. Alexander Hall chief operating officer Andy Pratt said that there are signs that the market is beginning to pick up in the second quarter of 2009, a trend that will “hopefully” continue for the rest [...]

TweetShareHomeowners have been urged to fix their mortgage repayments now while rates remain low. The debt management advice was offered by Alliance & Leicester mortgage director Nici Audhlam-Gardiner, who said that many people may be “reluctant” to commit to a new agreement in the current climate. But she explained that now is the time to [...]

TweetShareThose seeking debt advice have been warned that the “true cost” of loans must be considered when taking out such a financial product. According to Britannia Building Society, consumers need to consider valuations and arrangement fees when borrowing money to buy a property, for example, if the real long term picture is to be seen. [...]

TweetShareThe total amount of money freed up by homeowners through equity release schemes was £245.01 million in the first quarter of 2009, new figures have shown. Data unveiled by Safe Home Income Plans (Ship) revealed that the average value generated by these agreements rose from £41,718 to £48,287 year-on-year. This was due to people looking [...]

TweetShareAverage house values dropped by 0.4 per cent in April, new figures have shown, which may be unwelcome news for those facing the prospect of negative equity. Data from Nationwide revealed that the decline took the price of a typical house down to £151,861, a 15 per cent fall compared to a year ago. However, [...]

TweetShareHome loan approvals were “marginally weaker” in March than in February, while consumer credit levels remained relatively unchanged, according to new data. Figures from the British Bankers’ Association (BBA) have revealed that gross mortgage lending reached £8.9 billion last month, taking it to its lowest level since April 2001. And remortgaging activity also fell as [...]