First-time buyer numbers in London hit three-year high

CML figures show 10,000 first-time buyers took out mortgages in the third-quarter of 2012, but the figure remains historically lowTen thousand first-time buyers took out mortgages on properties in London from July to September, the highest number to buy a home in the capital during a single three-month period for almost three years.The figures, published […]
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How to break free

Whether you are self-employed, past retirement age or have an interest-only loan, there are several options to considerIf you’ve had the same mortgage for a while, or are sitting happily on your lender’s standard variable rate (SVR), you could be oblivious to some of the changes that have taken place in the market over the […]
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Tesco unveils record low mortgage deal

Supermarket’s finance arm uses cheap funding-for-lending money to offer 1.99% rate, but only for those with 40% depositTesco’s banking arm is using cheap money from the government’s “funding for lending” scheme to launch a record low fixed-rate mortgage – but it will only be available to customers with big deposits.The government had hoped the scheme […]
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Santander cuts mortgage rates and offers cashback

Santander’s fixed-rate deals put it near top of best buy tableSantander has cut mortgage rates and is offering cashback on repayments to customers with a 123 current account.The bank had been scaling back on lending and had said it expected to reduce its mortgage stock, but its new range of deals puts it near the […]
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House prices showed August rise, says Nationwide

‘Surprising’ increase of 1.3% is biggest monthly rise for more than two years, but building society’s figures still show longer-term declineThe average price of a UK home leapt by 1.3% in August, the biggest monthly increase in two-and-a-half years, according to the latest figures from Nationwide building society.The sharp increase reversed the falls of the […]
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House prices showed August rise, says Nationwide

‘Surprising’ increase of 1.3% is biggest monthly rise for more than two years, but building society’s figures still show longer-term declineThe average price of a UK home leapt by 1.3% in August, the biggest monthly increase in two-and-a-half years, according to the latest figures from Nationwide building society.The sharp increase reversed the falls of the […]
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Remortgaging slumps in June, says CML

Number of people switching to new loans dropped 20% over the month, as a rise in first-time buyers fails to lift the marketThe number of people remortgaging plummeted in June as talk of interest rate cuts persuaded borrowers to stick with lenders’ standard variable rate (SVR) deals rather than switching to new loans, according to […]
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Mortgages: how parents can help their children on to the property ladder

Helping with mortgage deposits is no longer the only answer, says Rupert JonesIt is getting easier for parents to help their children on to the housing ladder with a number of schemes that don’t involve having to hand over vast sums for a deposit. But read the small print carefully.The latest, Barclays Family Affordability Plan, […]
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Mortgage lenders get tough

A number of high street lenders have reduced their loan-to-values, slimmed porting options and raised interest rates in recent weeksBanks and building societies are introducing “stealth” changes to their mortgage ranges to make it harder for borrowers to qualify for loans, as well as increasing their interest rates.Since the credit crunch lenders have been operating […]
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Mortgage lenders tighten criteria

A number of high street lenders have reduced their loan-to-values, slimmed porting options and raised interest rates in recent weeksBanks and building societies are introducing “stealth” changes to their mortgage ranges to make it harder for borrowers to qualify for loans, as well as increasing their interest rates.Since the credit crunch lenders have been operating […]
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