30 January 2008 Archive

Up-front mortgage costs equate to 100% of salary

Cash: 100% of a couple's salary needed to fund mortgage

A couple buying their first home must save more than 100 per cent of their joint annual income to afford mortgage costs, new figures have revealed.

Avoiding property chain horrors

Dream home: could be lost to property chain turmoil

A radical shake-up of the English house-buying process is needed to rid buyers of the hassle of broken chains, a legal expert has warned.

Mortgage protection being sold to the 'wrong people'

Secure: self-employed will benefit most from protecting their mortgage

Self-employed homeowners have been identified as the most likely to benefit from taking out mortgage payment protection insurance (MPPI).

Mortgage approval fall continues

Banks: fewer approved mortgages for the seventh month running

The Bank of England has unveiled figures showing the number of new mortgages approved in December was down for the seventh month running.

Women fail mortgage fitness test

Keeping fit: women urged to give their finances a health check

Women are less likely to shop around for better mortgage deals than men, with a third of UK females owning an uncompetitive deal.

Landlords must prepare for energy-saving deadline

Landlords: will your properties pass the energy-efficiency test?

A buy-to-let mortgage provider has called on landlords to review energy efficiency in their properties to boost the appeal to tenants.

Lenders rush to inflate tracker mortgage rates

Prospective buyers: act quickly to get best deals on tracker mortgages

Ten mortgage lenders have hiked rates on their tracker deals fuelling speculation other banks and building societies will follow.

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