21 November 2008 Archive

Mortgage arrears up 8%, repossessions up 12%

Repossession levels rise

The number of homes falling three months behind on their mortgages rose by 8.2 per cent over the last quarter, while the number of repossessions was up by 12 per cent.

New home building drops by half

UK needs to build, but building work crunched

The number of new homes being started has fallen by 48 per cent in the last year.

Chelsea slashes mortgage SVR

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Chelsea Building Society is reducing its standard variable rate (SVR) for mortgage customers to 5.79 per cent.

Godiva: Lifetime mortgage for 6.10%

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A new range of lifetime mortgages is available from Godiva Mortgages including a loan with a 6.10 per cent fixed rate.

HSBC SVR mortgages get 0.81% chop

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HSBC has cut its standard variable rate (SVR) for mortgages by 0.81 per cent, it has been revealed.

Nationwide adjusts fixed-term mortgages

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Nationwide Building Society is shelving long-term fixed rate mortgages and slashing rates on the shorter loans.

The Coventry launches new offset mortgages

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Coventry Intermediaries has launched a new range of offset mortgages with fixed rates starting at 5.49 per cent.

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