19 May 2008 Archive

Mortgage brokers now giving more advice

Mortgages: Brokers give more advice in credit crunch

Three-quarters of mortgage brokers feel their role is becoming more advisory as the credit crunch squeezes the market.

Katie Tucker

Katie Tucker, Mortgageforce

Katie Tucker is the technical manager for Mortgageforce, providing all technical and 'Best Buys' rate data on mortgages and the economic environment to their national team of mortgage consultants. 

Brown crunched as Bank of England deputy resigns

Interest rates: Bank's Lomax walks

Deputy Bank of England governor Rachel Lomax is to resign after five years in the role, leaving the government hunting for a replacement as turbulent economic times hit.

Average rents rise 14%

Property: Cost of renting rising

The average UK rent rose nearly 14 per cent over the last year, to stand at £12,048 in April.

House purchases to fall 40% this year

Mortgages: Sold signs set to be endangered species

The number of homes bought in 2008 could fall 40 per cent, according to a gloomy economic forecast from the Royal Institution of Chartered Surveyors (Rics).

Asking prices rise 1.2%

Property: Asking prices rise

Asking prices were up 1.2 per cent in May - as large properties in the south came onto the market.

First Direct back in mortgage market

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Mortgage lender First Direct has announced it is to return to the market, following a hiatus.

First Direct re-enters mortgage market

Mortgages: First Direct steps back into crunched mortgage markets

Mortgage lender First Direct has announced it is to return to the market, following a hiatus.

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