November 2006 Archive

Brits not being driven to interest-only mortgages

High prices are not driving Brits to interest-only mortgages, the CML finds

There is no evidence housing affordability is driving Britons to take out interest-only mortgages without having a plan for repaying the loan.

Nationwide: House prices surge in November

House prices surged 1.4% in November, Nationwide reveals

Against all expectations house prices continued to soar in November, according to Nationwide, despite interest rates climbing to a five-year high.

Campaign to clean up bad-credit mortgages

The FSA is on a mission to clean up the bad credit mortgage market

The Financial Services Authority (FSA) has served notice that it is on a mission to clean up the bad credit mortgage market.

Property market still surging

Bank of England mortgage data shows a strong property market in October

Rises in interest rates and record house prices are doing nothing to stop the momentum in the UK's property market, data from the Bank of England reveals.

Should lump sums go to mortgages or in the bank?

If you receive a lump sum of money, is it better to pay off your mortgage or put the money into a savings or investment account?

Official data shows strong house price growth

House prices rose 1.2% in October, the Land Registry reveals

The latest data from the Land Registry shows the "strong growth" in house prices continued in October.

Mortgage fees up £350

Mortgage fees have risen £350 in three years

The average mortgage application fee has more than doubled from £281 to £634 in the last three years, new figures show.

Mortgage market stays strong despite rate hikes

BBA figures show Brits continued taking out mortgages in October [photo:Pixmedia]

Britons continued taking out mortgages for properties in October, despite stretched affordability and August's interest rate rise.

Nationwide to charge new mortgage customers differently

From December 1st Nationwide Building Society will change its mortgage policy, seeing rates differ depending on whether you are a new or existing customer.

November sees surprise upswing in house prices

House prices were unseasonably strong in November, Hometrack finds

House prices rose in November, despite interest rate rises and seasonal expectations, Hometrack reports.

5 reasons UK house prices will not crash

Don't believe the hype - house prices might well not crash after all

Rumours that UK house prices are set to crash are wrong, according to a new report.

Portman releases fixed-rate mortgages at 4.99%

Portman Building Society has unveiled three new fixed-rate mortgages charging less than 5%.

UK house prices send first-time buyers abroad

First-time buyers are looking to buy overseas properties

High UK house prices mean one first-time buyer in three is looking to buy an overseas property.

Home reversion plans and Muslim mortgage advice coming

The FSA is to regulate home reversion plans and Muslim mortgages [photo:Pixmedia]

Home reversion plans and Sharia-compliant Muslim mortgages will be regulated alongside standard mortgages from April next year.

How can you buy a new home before selling the old one?

How can you best buy a new home before selling the old one off?

Good schools add £16,000 to house prices

A good school can add £16,000 to local house prices

Britons are willing to pay £16,000 more on average to buy a house in the catchment area of a good state school.

Mortgage interest a daily problem

Having annual or monthly interest on your mortgage costs more

Mortgages that charge monthly or annual interest can cost borrowers almost £7,500 more over the lifetime of the loan, new figures reveal.

House prices could crash - but not yet

House prices are set to crash, but no one knows when

House prices are overvalued and likely to crash, but it is almost impossible to predict when, Morgan Stanley economist David Miles predicts.

800,000 Brits investing in overseas property

Millions of Britons want to own a place in the sun

The number of Britons investing in overseas property has surged 45 per cent in the last two years.

Mortgages cost 33% more

The cost of a mortgage has risen by 33% in the last three years

The overall cost of a mortgage has risen by a third in the last three years, new research reveals.

London house prices rise 50% in a year

Asking prices have risen 50% in the last year in some areas of London, Rightmove reveals

House prices in London are soaring, with asking prices some areas of the capital now over 50 per cent higher than in the same month last year.

October mortgage lending sets new record

Mortgage lending set new records in October, according to the CML [photo:Pixmedia]

Mortgage lending in October set new records, but there are signs that a slowdown might have begun.

Top influences on house prices revealed

The top influences on house prices have been unveiled

The one factor that adds the most to a house price is having a mainline rail or tube station within two miles of it, haart estate agents reveal.

Spa towns have higher house prices

House prices in Tunbridge Wells and other spa towns are higher than average

People living in spa towns benefit from higher house prices than people in the surrounding region.

Surveyors see house prices soaring

House prices surged in October, Rics reveals

October saw house prices rise across the country at their fastest pace in more than four years, the Royal Institution of Chartered Surveyors (Rics) reveals today.

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