5 March 2008 Archive

Safety net for remortgagers brought forward

Remortgagers: would be required to take out protection

A 'safety net' insurance scheme for homeowners at risk of repossession should be made compulsory for all remortgagers, it has been recommended.

Buy-to-let and remortgage deals

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Three and five-year fixed rate mortgages and a base rate tracker remortgage deal are among the products being unveiled today by Alliance & Leicester.

Consumer confidence dives, but interest rate cut off cards

Mortgages: Interest rate cut off cards as consumer confidence dives

Consumer confidence hit its lowest level in four years in February, but an interest rate cut tomorrow remains unlikely.

Netting the mortgage criminals

Mortgage fraud: the boys in blue are stepping in

A police crackdown on mortgage fraud has been launched after a report revealed the home loan market has been swindled to the tune of £700 million.

Gloom for south-east home-buyers

New homes: sprung up in south-east but buyers face affordability hurdles

The challenges of buying a home in the south-east of England remain a huge problem despite the region's housing stock increasing in recent years.

Lenders must help remortgagers

Advice: to remortgagers must come from lenders not just watchdog

The mortgage industry must be more active in supporting borrowers facing remortgage challenges if a new advice service is to work effectively.

Tracker mortgages: New charges

Early repayment: overpaying will incur 1% charge on some tracker loans

Two mortgage lenders have hiked early repayment charges (ERC) on loans in a bid to retain customers beyond the turbulent period facing the market.

Mortgage rates cause Euro housing market descent

Europe: experience housing slide to rival UK's

Rising mortgage interest rates have caused property markets across Europe to slump but the UK's prices remain among the most robust.

Fixed-rate mortgages: Top of the popularity polls

Borrowers: more than half are choosing fixed-rate mortgages

Fixed-rate mortgages showed a surprisingly high increase in popularity in February, being chosen by a huge 52 per cent of borrowers.

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