United Kingdom | Wednesday, 3 December 2008

Mortgage Articles

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11. Mortgage costs fall from 8-year high in July
The cost of taking out the most popular type of fixed-rate mortgage fell last month for the first time since February, Bank of England data showed on Monday.
11 Aug 2008
12. Housing market pain grows in June
Approvals for home loans in June hit their lowest since records began and retail sales fell at their fastest pace in at least a quarter century as a housing market downturn threatens to derail the whole economy.
30 Jul 2008
13. Mortgage lending at record low in June
The Bank of England released figures on Tuesday showing that June saw a new low in mortgage lending.
29 Jul 2008
14. HBOS cuts mortgage rates
HBOS, Britain's biggest mortgage lender, said it is cutting rates on some of its home loans, the third time it has reduced borrowing costs this month.
28 Jul 2008
15. Mortgage approvals hit new record low in June
Mortgage approvals for house purchases dived by more than two thirds in June from a year ago to hit a fresh record low of 21,118, the British Bankers' Association said on Wednesday.
24 Jul 2008
16. Gross mortgage lending drops in June
The Council of Mortgage Lenders (CML) said on Friday that gross mortgage lending dropped three per cent in June to around £23.8 billion. The figure is 32 per cent lower than in June 2007.
18 Jul 2008
17. Worries over U.S. mortgage firms grow
Fear spread on Friday that the U.S. housing crisis would drag down the nation's major mortgage finance agencies, and the government offered no hint that it would swiftly step in to help.
11 Jul 2008
18. Mortgage lending up in May, but still low
The Council of Mortgage Lenders (CML) said on Tuesday that loans for house purchases increased slightly from April to May. The CML said loans increased four per cent in volume in the period to 52,700 and two per cent in value to £7.9 billion. However the CML noted that both were 44 per cent lower than May 2007.
08 Jul 2008
19. Mortgage approvals reach record low in May
Mortgage approvals took a dive in May, according to figures provided by the Bank of England on Monday.
30 Jun 2008
20. Mortgage approvals reach record low in May
The British Bankers Association (BBA) said on Tuesday that mortgage approvals for purchasing houses dropped 56.1 per cent on the year in May to 27,968, the lowest number on record.
24 Jun 2008
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