http://ukhomemortgage.com A large collection of current information and news about home mortgages in the United Kingdom. Sat, 29 Nov 2008 04:00:05 +0000 http://backend.userland.com/rss092 en Abbey highlights lower mortgage arrears More: continued here http://ukhomemortgage.com/2008/11/28/abbey-highlights-lower-mortgage-arrears/ Mortgage lending fall isn't surprising, Rics More: http://ukhomemortgage.com/2008/11/28/mortgage-lending-fall-isnt-surprising-rics/ Mortgage levels slip during October More: continued here http://ukhomemortgage.com/2008/11/28/mortgage-levels-slip-during-october/ Lifeline for people facing repossession More: continued here http://ukhomemortgage.com/2008/11/27/lifeline-for-people-facing-repossession/ Mortgage moves welcomed by IMLA More: continued here http://ukhomemortgage.com/2008/11/27/mortgage-moves-welcomed-by-imla/ Darling promises more time for mortgage borrowers More: continued here http://ukhomemortgage.com/2008/11/27/darling-promises-more-time-for-mortgage-borrowers/ Yorkshire Bank nets mortgage award More: continued here http://ukhomemortgage.com/2008/11/26/yorkshire-bank-nets-mortgage-award/ Britannia reduces mortgage rates More: continued here http://ukhomemortgage.com/2008/11/26/britannia-reduces-mortgage-rates/ Further cuts to mortgage rates More: continued here http://ukhomemortgage.com/2008/11/26/further-cuts-to-mortgage-rates/ Warning over interest only mortgages More: continued here http://ukhomemortgage.com/2008/11/24/warning-over-interest-only-mortgages/ Equity warning over remortgaging More: continued here http://ukhomemortgage.com/2008/11/24/equity-warning-over-remortgaging/ Mortgage gap on interest-only mortgages More: continued here http://ukhomemortgage.com/2008/11/24/mortgage-gap-on-interest-only-mortgages/ Mortgage lenders not cutting rates, expert claims More: continued here http://ukhomemortgage.com/2008/11/24/mortgage-lenders-not-cutting-rates-expert-claims/ Mortgage debt forcing sales for many More: continued here http://ukhomemortgage.com/2008/11/24/mortgage-debt-forcing-sales-for-many/ TMA launches new mortgage More: continued here http://ukhomemortgage.com/2008/11/21/tma-launches-new-mortgage/ Equity release mortgage set to be more popular, firm predicts More: continued here http://ukhomemortgage.com/2008/11/21/equity-release-mortgage-set-to-be-more-popular-firm-predicts/ No mortgage payment plan for a million More: continued here http://ukhomemortgage.com/2008/11/21/no-mortgage-payment-plan-for-a-million/ Council could offer mortgages More: continued here http://ukhomemortgage.com/2008/11/20/council-could-offer-mortgages/ Base rate making SVR mortgages cheaper More: continued here http://ukhomemortgage.com/2008/11/20/base-rate-making-svr-mortgages-cheaper/ Mortgage lending slumps by 37 per cent More: continued here http://ukhomemortgage.com/2008/11/20/mortgage-lending-slumps-by-37-per-cent/ Remortgaging getting cheaper, expert claims More: continued here http://ukhomemortgage.com/2008/11/19/remortgaging-getting-cheaper-expert-claims/ Days of the mega mortgage over, expert states More: continued here http://ukhomemortgage.com/2008/11/19/days-of-the-mega-mortgage-over-expert-states/ Mortgages with low deposit are rarer More: continued here http://ukhomemortgage.com/2008/11/19/mortgages-with-low-deposit-are-rarer/ New Research out today from Family Investments shows that the average spend per child this Christmas will be £60.This figure is down 48% compared to last years average spend (per child) of £115 and may leave many children needing to amend their Christmas More: continued here http://ukhomemortgage.com/2008/11/19/will-your-child-be-disappointed-this-christmas/ The majority of credit card holders are missing out on the benefits that can come with a reward credit card, it has been found. More: continued here http://ukhomemortgage.com/2008/11/19/reward-credit-card-makes-sense-in-current-climate/ Children should learn about personal finance in order to ensure they do not suffer debt problems, according to the Liberal Democrats. More: continued here http://ukhomemortgage.com/2008/11/19/%e2%80%98schools-should-teach-avoidance-of-loans-problems%e2%80%99/ Parents are becoming the favoured source of finance for grown-up children who have left home, the findings of a new study have revealed More: continued here http://ukhomemortgage.com/2008/11/19/brits-relying-on-parents-for-cash-research-shows/ Despite a 2.75% cut in base rate in the space of a year, overdraft rates have continued to increase, with Yorkshire Bank and Clydesdale Bank increasing rates by as much as 7.31%. More: continued here http://ukhomemortgage.com/2008/11/19/overdraft-rates-soar/ Quarter 3 found rents dropping as potential sellers flood the market with unsellable properties, according to RICS Letting Survey (published 18th November 2008) More: continued here http://ukhomemortgage.com/2008/11/19/more-choice-lower-rent/ Within the property market, the majority of professionals feel more has to be done, by the governments and by lenders, to boost the flagging housing market More: continued here http://ukhomemortgage.com/2008/11/19/%e2%80%98cut-rates-and-suspend-stamp-duty%e2%80%99-call-the-naea/ Loans customers in Scotland that find themselves in financial difficulty are to offered a new public service. More: continued here http://ukhomemortgage.com/2008/11/18/debt-advice-for-scottish-loans-customers/ The Finance & Leasing Association (FLA) which represents over 75% of the second charge mortgage market, today launched new Good Practice Guidelines for consumers encountering repayment difficulties, to see what they should expect from their lender, second More: continued here http://ukhomemortgage.com/2008/11/18/good-practice-guidelines-from-fla-for-lenders/ Mortgage lenders moving in the right direction, expert states More: continued here http://ukhomemortgage.com/2008/11/17/mortgage-lenders-moving-in-the-right-direction-expert-states/ Fixed rate mortgages too expensive, expert states More: continued here http://ukhomemortgage.com/2008/11/17/fixed-rate-mortgages-too-expensive-expert-states/ SVR mortgages not so bad, expert states More: continued here http://ukhomemortgage.com/2008/11/17/svr-mortgages-not-so-bad-expert-states/ Tracker mortgage holders urged to overpay More: continued here http://ukhomemortgage.com/2008/11/17/tracker-mortgage-holders-urged-to-overpay/ The latest Scottish House Price Monitor (from Lloyds TSB Scotland) has shown that Scottish house prices (based on an average domestic property in Scotland) have fallen by 4% in the three months to 31st October 2008. This has been the largest fall in price More: continued here http://ukhomemortgage.com/2008/11/17/scottish-housing-market-quietens-with-quarterly-fa/ Based on transactions between 2004 & 2008, The Vale in Kensington and Chelsea is the most expensive residential street in England and Wales. To live there, you need to be prepared for house prices on average to be around £4,677,500. More: continued here http://ukhomemortgage.com/2008/11/17/who-lives-on-your-street/ Homeowners have been found to be using environmentally-friendly materials in home improvements in a bid to reduce costs. More: continued here http://ukhomemortgage.com/2008/11/17/secured-loans-holders-making-green-home-improveme/ Tenth of mortgage holders on SVRs More: continued here http://ukhomemortgage.com/2008/11/14/tenth-of-mortgage-holders-on-svrs/ New tracker mortgages on the market More: continued here http://ukhomemortgage.com/2008/11/14/new-tracker-mortgages-on-the-market/ Repossessing a home in the current economic climate is in nobody's interest, it has been suggested. More: continued here http://ukhomemortgage.com/2008/11/14/pressure-on-secured-loans-holders-benefits-no-one/ Recommendations for the sale of payment protection insurance (PPI) - often offered alongside unsecured loans - have been praised. More: continued here http://ukhomemortgage.com/2008/11/14/insurance-proposal-for-unsecured-loans-welcomed/ An expert has suggested that obstacles remain in obtaining secured loans. More: continued here http://ukhomemortgage.com/2008/11/14/secured-loans-remain-difficult-to-obtain/ Proposals to change the way payment protection insurance (PPI) is sold have been dismissed by bankers. More: continued here http://ukhomemortgage.com/2008/11/14/bankers-reject-unsecured-loans-insurance-proposal/ Borrowers with secured loans could cut years off repayments by ignoring rate reductions, it has been suggested. More: continued here http://ukhomemortgage.com/2008/11/14/maintain-secured-loan-repayments-at-pre-cut-level/ Abbey reduces fixed mortgage rates More: continued here http://ukhomemortgage.com/2008/11/13/abbey-reduces-fixed-mortgage-rates/ Fewer mortgage deals around, figures show More: continued here http://ukhomemortgage.com/2008/11/13/fewer-mortgage-deals-around-figures-show/ New mortgage rates on the market More: continued here http://ukhomemortgage.com/2008/11/13/new-mortgage-rates-on-the-market/ The Association of Mortgage Intermediaries (AMI) responds to the decision of the Bank of England's Monetary Policy Committee to reduce the Interest Rate to 3.0%. More: continued here http://ukhomemortgage.com/2008/11/13/ami-15-interest-rate-cut-is-very-welcome/ The London property market could be set to make a recovery, it has been suggested. More: continued here http://ukhomemortgage.com/2008/11/13/secured-loans-may-return-to-london-market/ Interest rates in the UK could fall below one per cent, it has been suggested More: continued here http://ukhomemortgage.com/2008/11/13/more-interest-rate-cuts-to-come-says-expert/ Those taking out unsecured loans for the purpose of buying a car have changed their priorities, it has been found. More: continued here http://ukhomemortgage.com/2008/11/13/credit-crunch-affecting-car-buying-decisions/ Secured loans holders thinking of selling their home have been advised to make improvements. More: continued here http://ukhomemortgage.com/2008/11/13/improvements-increase-chance-of-selling-for-secu/ Lenders may be reluctant to pass on interest rate cuts to those with secured loans, it has been stated. More: continued here http://ukhomemortgage.com/2008/11/13/secured-loans-rate-cuts-may-not-come/ Gordon Brown has expressed concern over the rising interest rates that credit card holders are facing. More: continued here http://ukhomemortgage.com/2008/11/13/credit-card-companies-need-new-approach-says-prim/ Credit card companies are following the lead of mortgage lenders and factoring in greater risk, an expert has suggested. More: continued here http://ukhomemortgage.com/2008/11/13/credit-card-interest-rising-study-finds/ Moneyfacts’ Darren Cook brings you up to speed. More: continued here http://ukhomemortgage.com/2008/11/13/rate-cut-qa-how-it-affects-you/ An inability to obtain secured loans has led to a drop in house sales, it has been suggested. More: continued here http://ukhomemortgage.com/2008/11/13/house-sales-drop-as-secured-loans-are-limited-sur/ Secured loans customers are increasingly being forced on to their lender's standard variable rate (SVR), it has been found. More: continued here http://ukhomemortgage.com/2008/11/13/secured-loans-holders-need-fair-rates/ Abbey has announced that it will re-introduce some of its tracker mortgages. More: continued here http://ukhomemortgage.com/2008/11/13/abbey-brings-back-tracker-mortgages/ Car owners have been advised that they can save money by shopping around for unsecured loans. More: continued here http://ukhomemortgage.com/2008/11/13/car-buyers-should-shop-around-for-unsecured-loan/ Overpay on tracker mortgages, expert urges More: continued here http://ukhomemortgage.com/2008/11/12/overpay-on-tracker-mortgages-expert-urges/ Mortgage lenders must pass on base rate cut, expert states More: continued here http://ukhomemortgage.com/2008/11/12/mortgage-lenders-must-pass-on-base-rate-cut-expert-states/ Mortgage lenders attempt to block rate cuts More: continued here http://ukhomemortgage.com/2008/11/12/mortgage-lenders-attempt-to-block-rate-cuts/ Government to do battle with mortgage lenders, expert claims More: continued here http://ukhomemortgage.com/2008/11/10/government-to-do-battle-with-mortgage-lenders-expert-claims/ Tracker mortgages to get more expensive, expert predicts More: continued here http://ukhomemortgage.com/2008/11/10/tracker-mortgages-to-get-more-expensive-expert-predicts/ Mortgage lenders will raise rates despite rate cuts More: continued here http://ukhomemortgage.com/2008/11/10/mortgage-lenders-will-raise-rates-despite-rate-cuts/ Lloyds TSB cuts mortgage rates More: continued here http://ukhomemortgage.com/2008/11/10/lloyds-tsb-cuts-mortgage-rates/ Base rate cut good news for mortgage holders, expert states More: continued here http://ukhomemortgage.com/2008/11/10/base-rate-cut-good-news-for-mortgage-holders-expert-states/ Mortgage cuts urged More: continued here http://ukhomemortgage.com/2008/11/10/mortgage-cuts-urged/ Mortgage lenders failing to reduce SVRs More: continued here http://ukhomemortgage.com/2008/11/07/mortgage-lenders-failing-to-reduce-svrs/ Mortgage lenders must pass on cuts, politician states More: continued here http://ukhomemortgage.com/2008/11/07/mortgage-lenders-must-pass-on-cuts-politician-states/ Abbey pulls tracker mortgages More: continued here http://ukhomemortgage.com/2008/11/07/abbey-pulls-tracker-mortgages/ Summer fixed rate mortgage holders face regrets, report states More: continued here http://ukhomemortgage.com/2008/11/06/summer-fixed-rate-mortgage-holders-face-regrets-report-states/ Lack of mortgages hitting property market, expert states More: continued here http://ukhomemortgage.com/2008/11/06/lack-of-mortgages-hitting-property-market-expert-states/ Fixed-rate mortgage loan regret More: continued here http://ukhomemortgage.com/2008/11/06/fixed-rate-mortgage-loan-regret/ Nationwide BS announces mortgage rate changes More: continued here http://ukhomemortgage.com/2008/11/05/nationwide-bs-announces-mortgage-rate-changes/ Mortgage arrears rise from HBOS More: continued here http://ukhomemortgage.com/2008/11/05/mortgage-arrears-rise-from-hbos/ Norwich Union has launched Guaranteed Whole of Life, a product which offers a guaranteed cash lump sum upon death with no reliance on investment performance, writes Jane Baker. More: continued here http://ukhomemortgage.com/2008/11/05/guaranteed-whole-of-life-plan-unveiled/ In the October edition Business Moneyfacts explored the murky world of bank charges. This month, in our biggest ever mystery shop, we look at the service a potential new business could expect to receive when shopping around for its business bank. More: continued here http://ukhomemortgage.com/2008/11/05/bank-charge-misteries/ The Chancellor, Gordon Brown, has announced that the zero rate of corporation tax will be abolished only three years after it was first introduced. More: continued here http://ukhomemortgage.com/2008/11/05/corporation-tax-changes/ Gordon Brown’s announcement that residential property will not be allowed as a Self Invested Personal Pension (SIPPs) investment has come as a major surprise to the industry. After months of preparation the decision to scrap the project has come at the eleventh hour. More: continued here http://ukhomemortgage.com/2008/11/05/sipps-u-turn-shock/ Bank of Scotland Business Banking's quarterly UK-wide small business economic confidence survey has revealed optimism amongst entrepreneurs is running high for 2006. Almost nine out of ten (88%) of entrepreneurs believe the performance of their businesses will be better or stay the same in the next 12 months. More: continued ... http://ukhomemortgage.com/2008/11/05/economic-optimism/ Business groups have expressed their exasperation with the Government after the launch of the EU waste Electrical and electronic equipment (WEEE) Directive was delayed for a third time. The Directive is designed to ensure that all electrical and electronic equipment, from computers to toasters, is disposed of in an environmentally ... http://ukhomemortgage.com/2008/11/05/red-tape-third-delay-to-eu-directive/ A survey among UK companies by Better Payment Practice Group (BPPG) has confirmed that three in ten have been to court in the last year to collect outstanding debts from business customers. Of the 292 respondents of the poll, 31% had been to court in the last 12 months. More: ... http://ukhomemortgage.com/2008/11/05/late-payers-beware/ The Office of Fair Trading has announced that it is launching a review of the bank charges agreement made by business banks three years ago. The agreements were designed to clamp down on the banks’ excessive profits by making them offer free banking or pay interest on credit balances. The ... http://ukhomemortgage.com/2008/11/05/business-banking-oft-to-review-banking-for-smes/ Following the publication of the Turner Report at the end of November last year, there was the inevitable outpouring of opinion, conjecture and criticism regarding each and every aspect of the Pension Commission’s recommendations. The main focus of attention in the immediate aftermath was the raising of the State Pension ... http://ukhomemortgage.com/2008/11/05/npss-tug-of-war-begins/ The FSA has announced it will press ahead with streamlining its anti-money laundering requirements for firms, as part of its drive to simplify the FSA handbook and remove rules and guidance that is no longer needed. More: continued here http://ukhomemortgage.com/2008/11/05/money-laundering-rules-put-out-to-dry/ The Department of Trade and Industry has announced that it is to spearhead a government-wide initiative to streamline business support. The news comes hot on the heels of the DTI’s own business support simplification. More: continued here http://ukhomemortgage.com/2008/11/05/dti-less-is-more-for-business/ Cabinet Office Minister, Jim Murphy, has introduced a Bill to Parliament that should provide a swift and effective mechanism for delivering the Government's radical regulatory reform programme to cut red tape. More: continued here http://ukhomemortgage.com/2008/11/05/cutting-the-red-tape/ A new report published by Prudential and Datamonitor has revealed the crucial role that property could play in funding retirement, writes Linda Shorthose. According to the report a staggering 12.9 million people expect to use their property to fund at least part of their retirement, and 1.8 million will rely ... http://ukhomemortgage.com/2008/11/05/baby-boomers%e2%80%99-equity-worth-543-billion/ The Department of Work and Pensions (DWP) has launched a new campaign informing small businesses that they may only need to make simple adjustments to their premises and operations, in order to meet the needs of disabled people. More: continued here http://ukhomemortgage.com/2008/11/05/small-changes-urged-to-enable-disabled/ Positive stock market performance during March, combined with an increase in long-dated bond and gilt yields has reduced pension deficits for the UK’s 200 largest defined benefit (DB) schemes, writes Suzanne Greener. More: continued here http://ukhomemortgage.com/2008/11/05/pension-deficits-reach-three-year-low/ The Federation of Small Business, in association with The Credit Management Research Centre at Leeds University’s Business School and The Better Payment Practice Group, has announced that it has launched the 2006 Private Sector Payment Performance League Tables as an online database. The online tables, showing how the UK’s publicly ... http://ukhomemortgage.com/2008/11/05/business-banking-fsb-online-tables-highlight-late-payment-worries/ The Federation of Small Businesses has presented its Budget submission to the Treasury. Whilst unsurprisingly calling on the Chancellor to assist in small firms' growth, it has also highlighted several areas of concern. More: continued here http://ukhomemortgage.com/2008/11/05/fsb-budget-submission-presented-to-treasury/ The last month has seen the release of several reports and surveys discussing the current perceived barriers to SME growth. As SME’s continue to drive the economy the findings become ever more important. More: continued here http://ukhomemortgage.com/2008/11/05/sme-concerns-barriers-to-sme-growth/ Figures released by HM Revenue & Customs (HMRC) show that 72% of the first wave of parents to receive Child Trust Fund vouchers managed to invest their vouchers before they expired, with nearly 1.5 million accounts opened in total up to 20 February, writes Suzanne Greener. More: continued here http://ukhomemortgage.com/2008/11/05/ctf-first-wave-72-invested/ A new initiative to improve Critical Illness cover (CIC) has been launched by the Association of British Insurers (ABI), writes Jane Baker. The ‘Statement of Best Practice for Critical Illness Cover’ will enable customers to understand exactly what CIC provides and what they can claim for. More: continued here ... http://ukhomemortgage.com/2008/11/05/abi-initiative-to-standardise-ci-cover/ Savings news for customers over the course of 2006 has been somewhat depressing; hardly a week goes by without revelations that interest rates have been cut. However there is at last some brighter news for savers, if you are in a position to put your money away for a minimum ... http://ukhomemortgage.com/2008/11/05/long-term-savings/