19 March 2008 Archive

Asking prices up in May

Property: Asking prices rise - but sellers must be realistic

Average asking prices for a property in England and Wales rose by 1.2 per cent in May, according to the latest house price index from RightMove.co.uk.

New mortgage rates rising, despite Bank rate cuts

Remortgages: Carry On searching for new deal

Mortgage rates are rising as the credit crunch pushes up the cost of home loans, despite the Bank of England's cuts.

Mortgage borrowers failed by big banks

Mortgages: Calculating the cost of a big bank remortgage

Larger high street lenders are often uncompetitive when it comes to finding the best mortgages products, as smaller lenders start to offer the best deals.

Bank of England MPC split 7-2 on interest rate freeze

Mortgages: Bank of England split on cutting interest rates

The Bank of England's monetary policy committee (MPC) was split seven to two over whether to hold rates or cut them at its last meeting.

Boom time for interest-only mortgages?

Interest-only mortgages: Boom time as homeowners try to cut mortgage repayments

The ongoing effects of the credit crunch on global financial markets could encourage a growing number of homebuyers to take out an interest only mortgage.