Even though mortgage rates are at a historic low, the vast majority of homeowners are struggling to identify the cost of deals. New research published by Which? has found that, of 1,001 people, only five (0.5 per cent) correctly ranked Read more…
The average price of a house has risen above £250,000 for the first time. According to new figures released by Rightmove, the average asking price for a home in the UK currently sits 1.2 per cent higher in the last Read more…
Just Mortgages is to recruit 25 mortgage advisers this year. The independent high street mortgage broker, which has staff in Spicerhaart estate agency branches across the UK, aims to increase its workforce by around 25 per cent in 2013. This Read more…
The managing director of the Legal and General Mortgage Club and some of his staff are set to cycle 1,800 miles to raise money for charity. Ben Thompson and nine other employees at the firm will begin the 17-day bike Read more…
An analyst at Societe Generale has called George Osbourne’s new Help to Buy mortgage scheme “moronic”. Albert Edwards also said the initiative was an “unusually misguided piece of government interference in the housing market”. The new Help to Buy scheme Read more…
Barclays’ lending rates have increased significantly since the introduction of the Funding for Lending Scheme (FLS). Net lending by the bank, which includes loans and mortgages, has risen by £6.8 billion since the government introduced FLS to the market. This Read more…
Nationwide Building Society has signed up to the coalition government’s Help to Buy mortgage scheme. The programme offers equity loans of up to 20 per cent for buyers of new homes who in return must pay a deposit of at Read more…
First-time-buyers (FTB) made up more than 50 per cent of all mortgages arranged in the first quarter of 2013 in the capital. Around 9,400 mortgages were taken out by FTBs – unchanged from the same point last year, according to Read more…
The Nationwide building society has reported a 17 per cent rise in gross national and expat mortgage lending in the first quarter (Q1) of 2013. Experts believe government-funded programmes, including the Bank of England’s Funding for Lending Scheme, have helped Read more…
More and more people are successfully taking out a mortgage and this is forcing property prices upwards in certain parts of the UK. Rightmove has confirmed the average asking price for a house is now £249,841, surpassing the previous record Read more…