PM calls for end to 100% mortgages
Speaking to the Observer, Gordon Brown said the Financial Services Authority (FSA) would consider controls on mortgage of more than 100 per cent of a home’s value, and on high…
Tag: mortgage approvals
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Mortgage lending shrinks
Mortgage lending has fallen sharply, with approvals for house purchases 60 per cent lower than a year ago. The number of approvals fell by 14 per cent in November to…
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One in four unable to get mortgage…
Research from the National Association of Estate Agents has revealed that nearly one in four people claim they are unable to get a mortgage due to the tighter lending criteria…
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Mortgage lending still falling
New mortgage lending in November fell again according to the Council of Mortgage Lenders’ figures. Only 33,000 new loans were grants – 17 per cent less than in October 2008,…
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Mortgage market hopes dashed
Hopes of a revival in mortgage lending are unrealistic, according to the Council of Mortgage Lenders (CML). New figures on mortgage lending for January show that lending fell by 8…
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Lenders demand 40 per cent deposits
A quarter of mortgage deals are available only to borrowers with a 40 per cent deposit, according to the latest research from Moneyfacts.co.uk. In February 2008, just 24 deals required…
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Mortgage lending also rises
Mortgage lending also rose in March according to the Council of Mortgage Lenders. Gross lending was £11.5 billion for the month, up 16 per cent from February, although it remains…
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Lenders âderailâ housing market
Moves by banks and building societies to tighten up mortgage deals and raise interest rates is hampering borrowersâ ability to re-enter the housing market. Brokers have reported a higher number…
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Buyer interest up, but sales remain stagnant
The latest Royal Institution of Chartered Surveyors survey has found that interest from potential buyers is growing as new inquiries jump to a two-year high. However, sales remain at their…
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CML sticks by repossessions figure
The Council of Mortgage Lenders has said that although it had not yet finalised its figures it believes that the number of properties taken into possession last year will not…