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Loans and Credit News

Eurozone crisis pushing up UK mortgage rates, Bank warns

Eurozone chaos impacting on UK lending rates

Millions of homeowners across Britain are facing mortgage hikes as a direct result of the Eurozone crisis, the Bank of England has warned.

First-time buyer mortgage lending up 74% in March, says CML

End of stamp duty holiday fuelled lending spike

The end of the stamp duty holiday caused mortgage lending to first-time buyers to rise by 74 per cent in March, according to the Council of Mortgage Lenders.

Interest rates ‘set to stay at all-time low until 2013’

Bank's inflation report is published on Wednesday

Bank of England Governor Sir Mervyn King is expected to hint in Wednesday’s quarterly inflation report that interest rates will stay put until the end of next year.

Seaside town house prices double in a decade

Houses in Padstow, Cornwall have increased by 171% in the past ten years

Halifax reports that house prices in seaside towns have doubled over the last ten years, with Seaham in County Durham recording the biggest increase.

House price optimism on the up, says Rightmove

Rightmove says home movers are optimistic on house prices rising

Property portal Rightmove interviewed people moving home and more than a third said they expect to see a rise in house prices over the next 12 months.

Bank of England decides against QE due to inflation risk

The Bank of England has kept QE at £325b and base rate at 0.50%

The Bank of England has decided to keep its powder dry on adding to the £325 billion programme of quantitative easing and to keep base rate at 0.50% for a 39th consecutive month.

CML: Home repossessions at same level as 2011

Repossessions 'stable' while BTL lending rises

The number of homes being repossessed in the UK appears stable for the time being, according to the Council of Mortgage Lenders (CML).

UK house prices fall to six-month low, says RICS

RICS reports house prices fell back in April

The Royal Institute of Chartered Surveyors (RICS) reports house prices fell to a six-month low in April following the end of the stamp duty holiday for first-time buyers.


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