September 2006 Archive

Remortgaging can mean a lifetime of debt

Remortgaging can cost thousands if mortgage terms are not shortened

One homeowner in three increases the term of their mortgage when they change deals, meaning many could end up paying off their debt well into retirement.

Mortgage lending slows

Mortgage lending slowed slightly in August, Bank of England figures show

Official figures show the number of mortgage approvals in August was lower than in July, although it remains higher than the long-run average.

Parents add £33.4bn to value of children's houses

Parents have offered £14bn of free labour to do up their children's houses

British parents are increasingly helping out their children at home, and have added £33.4 billion to the value of their offspring's property in the last five years.

Nationwide: House prices hot up in September

House prices surged 1.3% in September, Nationwide reports [photo:Pixmedia]

House prices are going through an Indian summer and heating up as autumn approaches, new figures from Nationwide show.

House prices to rise 30% in 5 years

House prices are set to rise by up to 30% by 2010

House prices could increase by more than 30 per cent in the next five years, according to a new report.

Leeds Building Society launches 5 year fixed-rate mortgage at 4.99%

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Leeds Building Society has launched a 5-year fixed mortgage charging 4.99%.

One home in five liable for inheritance tax

Millions of UK homes are now liable for inheritance tax after house price rises [photo:Pixmedia]

By 2020 one home in five (20 per cent) in England will be worth more than the inheritance tax threshold, new figures show.

Can you really pay off your mortgage in 18 months with an offset mortgage?

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Are the claims of offset mortgage providers true? And why do they vary so much from provider to provider?

Mortgage payments in retirement for 1 in 3

1 in 3 Britons faces making mortgage payments in retirement

More than one homeowner in three will still be paying off their mortgage after they have retired, new figures show.

Millions of Britons unable to afford property

Millions of Britons are unable to afford homes [photo:Pixmedia]

More than a third of working families under 40 simply cannot afford to buy a home as house prices rise.

Britons can't get enough of mortgages

August set new records for mortgage lending, despite an interest rate rise [photo:Pixmedia]

Despite ever-rising house prices and August's interest rate rise, mortgage borrowing hit new heights last month.

Brits shrug off rate rise

Most Britons are not bothered by the Bank of England's August rate rise

Most mortgage holders will be able to shrug off the effects of the Bank of England's decision to increase interest rates.

House price surge 'coming to an end'

The sommer surge in UK house prices looks to be coming to an end

The recent surge in house prices could be coming to an end, online estate agent Rightmove.co.uk reports today.

Tories warn of new property tax threat

New property taxes could be imposed by Labour and the Lib Dems [photo:Pixmedia]

The Conservative party has warned the Lib Dems and Labour are planning new property taxes.

Remortgaging can fund holiday homes

You can save enough to put a deposit on a holiday home by remortgaging

Simply by taking out a new mortgage, homeowners can save enough money in two years to fund a deposit on a holiday home.

First-time buyers live it up and splash the cash

First-time buyers are spending big before moving in

People planning to buy their first home spend the time leading up to their purchase living it up and throwing their money around.

Rics: House prices hit 26-month high

House prices were still rising in August, Rics reports

House price rises are more widespread than they have been since May 2004 - at the height of the recent property boom.

First-time buyers borrowing record amounts

First-time buyers are borrowing record amounts [photo:Pixmedia]

First-time buyers are borrowing record amounts in comparison with their income, it has emerged.

Asking prices surge 4.34%

Asking prices rose 4.34% in August [photo:Pixmedia]

House prices rose 4.34 per cent between July and August, the National Association of Estate Agents (NAEA) reveals.

Homes at risk as debt rises

Brits are placing their homes at risk by missing mortgage payments

Britons are placing their homes at risk by over-extending themselves with loans and other forms of credit.

First-time buyers best off in Lindley

The best place to buy a home as a first-time buyer in 2006 is Lindley, Huddersfield

The best place to buy a home as a first-time buyer is Lindley, Huddersfield, according to a new report.

New look NatWest mortgages and switching facility

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NatWest has re-launched its mortgage range, simplifying its deals and adding new 'switch' facilities.

First-time buyers look to group mortgages

Brits are increasingly looking to buy their first home with friends [photo:Pixmedia]

First-time buyers are increasingly turning to group mortgages in an effort to afford to buy a house.

DCLG: House prices rise again

Annual house price growth picked up in July was 6.0%, the DCLG has said

House price growth picked up in July to stand at a 14-month high, the government has said today.

House prices rise 0.3% on FT index

House prices rose 0.3% according to the FT/Academetrics house price index [photo:Pixmedia]

House prices rose 0.3 per cent in August, according to the FT house price index.

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