26 February 2008 Archive

Are you paying too much interest on your mortgage?

Money: being thrown down the drain on mortgage interest

Borrowers could be forking out £150 a year too much in interest because of the way some mortgage lenders are doing their sums.

Housebuilder 'cautious' as buyers 'wait and see'

Property: Housebuilder cautious as buyers wait amid credit crunch

Housebuilder Persimmon has recorded small profit growth for 2007 and expects 2008 to be a challenging year for the property market.

Buy-to-let mortgage lending soars to £24bn

Buy-to-let: mortgages for landlords booming

Mortgage lending to buy-to-let investors rocketed in the second half of 2007 to a £24.1 billion high.

Lifetime mortgage market blooms

Retirement: pensioners could get more advice on equity release

Borrowers searching for lifetime mortgages will receive extra guidance in future as it emerged more brokers plan to offer advice on the products.

No rate-relief for mortgages

Figures: no signs of changing when it comes to mortgage interest rates

Mortgage-lenders were unlikely to speed up passing on interest rate cuts to borrowers, an economist warned today.

From Russia with finance: UK property boost from abroad

Bonding: From Russia - money is poured into the UK's hottest property

Wealthy overseas investors are fuelling the UK's property market, forming a third of London's top-value property purchasers.

January sales saw UK shoppers' 'last hurrah'

Economy: Shops looking for customers as high street empties

The January sales shopping spree may well have been a "last hurrah" for many consumers as rising debts and higher interest rates start to bite.

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