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News And Opinion

Articles Recently Posted

98 pc of first time buyers take up repayment mortgages

Latest figures from the CML reveal a large spike in house purchase activity and a record number of first time buyers taking repayment mortgages

Posted 17 May 2012 by

Barry Stamp

 in 

Mortgages

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Mortgage arrears and reposessions level off

The latest figures from the CML show a welcome change in the trend of those in trouble with their mortgages. Fewer should now lose their homes than expected.

Posted 11 May 2012 by

Barry Stamp

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Mortgages

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Think you're safe on a tracker mortgage?

Think again. Unscrupulous mortgage lenders could exploit little-known term in mortgage agreement to impose unwelcome hike in rates

Posted 23 Apr 2012 by

Barry Stamp

 in 

Mortgages

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Mortgage fraud levels increase for fifth consecutive year

The number of applicants telling lies on mortgage application forms has now doubled since 2006

Posted 19 Apr 2012 by

Barry Stamp

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Mortgages

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Negative equity report shows 'it's bad up North'

Standard & Poor's report says 5.6% of us are in negative equity, but the North of England is suffering most of all

Posted 16 Apr 2012 by

Barry Stamp

 in 

Mortgages

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Not so Cooperative movement in mortgage rate hike

Another lender jumps on the bandwagon after Halifax. Despite 3 year low base rates, some lenders still see the need to hike mortgage costs

Posted 3 Apr 2012 by

Barry Stamp

 in 

Mortgages

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Slow start for government NewBuy scheme

Only 3 lenders offer the NewBuy 95% mortgage scheme. We ask where are the other 200? And why aren't the terms better than they are?

Posted 29 Mar 2012 by

Barry Stamp

 in 

Mortgages

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Interest only mortgages at RBS tightened up

One borrower must now earn over £50,000 pa to qualify for a new interest only mortgage. We don't think that rule can be held for those in distress.

Posted 28 Mar 2012 by

Barry Stamp

 in 

Mortgages

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7 consecutive months of increases in mortgage lending

The market may be as flat as a pancake, but there are small signs of gradual, gentle increases in lending activity

Posted 22 Mar 2012 by

Barry Stamp

 in 

Mortgages

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Nationwide seeks 50 per cent deposits for interest only mortgages

Further tightening of the mortgage market reflects lack of confidence on future property prices

Posted 21 Mar 2012 by

Barry Stamp

 in 

Mortgages

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More banks raise standard mortgage rates

Bank of Ireland, Clydesdale Bank and Yorkshire Bank jump on the bandwagon

Posted 13 Mar 2012 by

Barry Stamp

 in 

Mortgages

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NewBuy scheme launches today

We look at whether the NewBuy scheme, backed by housebuilders' cash and government promises, will deliver

Posted 12 Mar 2012 by

Barry Stamp

 in 

Mortgages

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Surprise move as Halifax increases mortgage rate

The big question being asked by credit professionals is why now?

Posted 6 Mar 2012 by

Barry Stamp

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Mortgages

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Signs of relaxation in the UK mortgage market

Mortgages for house purchase and remortgages are both up according to CML figures, and there are signs of easier lending too...

Posted 27 Feb 2012 by

Barry Stamp

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Mortgages

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Mortgage repossessions could soar if Europe gets its way

A new EU directive could see thousands more reposessions, as well as increased borrowing costs for UK consumers

Posted 1 Feb 2012 by

Richard Catlin

 in 

Mortgages

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How mortgage repossessions are reported

The UK has one of the most sophisticated credit reporting systems in the World. We look at how the reporting of mortgage problems has evolved over time

Posted 27 Jan 2012 by

Barry Stamp

 in 

Mortgages

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Mortgage repossessions flat but are forecast to rise

The CML says that joblessness will cause an increase in mortgage repossessions, but they got it wrong last year...

Posted 20 Dec 2011 by

Barry Stamp

 in 

Mortgages

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Mortgage crackdown on the way

The FSA wants to stop self-cert and fast track mortgages. Approval rates will fall as a result by another 2.5% they say

Posted 19 Dec 2011 by

Barry Stamp

 in 

Mortgages

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Mortgage affordability is the best since records began

For housemovers, that is. For first time buyers it's the best since 2004. Honest.

Posted 13 Dec 2011 by

Barry Stamp

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Mortgages

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Nationwide results give rise to new hope for credit market

The latest results from Nationwide show a 48% increase in mortgage lending and a 24% increase in current accounts, personal loans and credit cards

Posted 23 Nov 2011 by

Barry Stamp

 in 

Mortgages

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Help at last for first time buyers

If your household income is less than £60,000 and you have enough cash to spring a 5% deposit, you could buy a new home

Posted 21 Nov 2011 by

Barry Stamp

 in 

Mortgages

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Whether renting or buying, a good credit report is vital

A new report from Savills says that one in five of us will rent because mortgages are so hard to get.

Posted 15 Nov 2011 by

Barry Stamp

 in 

Mortgages

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Renting becoming more popular as mortgage lending drops again

The number of people choosing - or being forced – to rent rather than buy is on the up. What information will potential landlords be able to check about tenants though?

Posted 25 Nov 2010 by

Richard Catlin

 in 

Mortgages

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Will new mortgage lending rules mean fewer approved loans?

FSA proposals on mortgage lending criteria have been criticised by the industry trade body, saying it will prevent millions of perfectly ‘good’ customers from being approved.

Posted 14 Oct 2010 by

Richard Catlin

 in 

Mortgages

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Mortgage lenders may get access to tax return data

Mortgage providers and HM Revenue and Customs are set to enter into a data sharing deal that will reduce mortgage fraud and potentially allow better verification of income details

Posted 26 Aug 2010 by

Barry Stamp

 in 

Mortgages

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Could you need to pass an exam to get a mortgage?

The Consumer Credit Counselling Service has called for first time buyers to face tests to make sure they understand what a mortgage is all about

Posted 7 May 2010 by

Richard Catlin

 in 

Mortgages

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Repossession figures don't paint the full picture.

Statistics showing that the number of repossessions in the UK fell in the second quarter of this year could be glossing over the problem. Find out why the worst is unlikely to be over.

Posted 19 Aug 2009 by

Richard Catlin

 in 

Mortgages

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Don't let mortgage application fraud damage your credit file

Levels of mortgage application fraud are increasing as consumers try to get around tough lending criteria. Find out how bending the truth could do more harm than good.

Posted 15 Jul 2009 by

Richard Catlin

 in 

Mortgages

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Are lenders about to turn on the tap?

Bank lending is reported to have increased, reaching the highest levels for close to a year. Is the end of the recession still a long way off, or are these the first shoots of recovery?

Posted 26 Mar 2009 by

Richard Catlin

 in 

Mortgages

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Drive the cost of estate agent fees down

House prices reached their lowest level for over two years recently, as the property slump continued. Here is a way to reduce the costs if you are selling.

Posted 21 Jan 2009 by

Richard Catlin

 in 

Mortgages

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Don't get too wound up by mortgage debt headlines

Repossession orders in England and Wales rose by 9% to 27,530 in the first quarter of 2008 - the highest level since 1991. Things might not be as bad as the headlines suggest though.

Posted 20 May 2008 by

Barry Stamp

 in 

Mortgages

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Thinking of moving house this Spring?

Spring is officially here at last and is traditionally the most popular time of year to move house. We highlight a couple of things you should be aware of if you are planning to move home.

Posted 3 Apr 2008 by

Barry Stamp

 in 

Mortgages

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Base rate cuts might not mean lower repayments

The recent 0.25% cut in the base rate of interest will be welcomed by many borrowers, who will enjoy lower mortgage repayments as a result. However, those on a Standard Variable Rate might not be so lucky.

Posted 18 Feb 2008 by

Richard Catlin

 in 

Mortgages

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