New Mortgages - From the 'papers

8 March 2010 - Halifax suggested that housing prices fell in February

Figures from the Halifax suggested that housing prices fell by 1.5% in February – the first time they had done so since June – taking the average price of a home down to £166,587.... More

22 February 2010 - The UK jobs market is still on the ropes

The latest quarterly report by the Chartered Institute of Personnel and Development (CIPD) published on Monday revealed that nearly 33% of employers in the public sector are planning to cut jobs in the first quarter of 2010.... More

2 February 2010 - Mortgage Loans approved in December rose to 45,897

British Airways faced the prospect of renewed industrial by cabin crew, on Monday, as members of the Unite union began voting in a new strike ballot. The ballot was called after British Airways obtained a court order to prevent a planned walkout over the Christmas period and closes on 22nd ... More

20 April 2009 - Banks are now 70% owned by the British taxpayer

The financial week opened with the news that the City watchdog, the Financial Services Authority (FSA), was to investigate the events leading up to the Government bail-out of Halifax Bank of Scotland (HBOS) and Royal Bank of Scotland (RBS), both of which are now 70% owned by the British taxpayer. ... More

22 September 2008 - Economic Meltdown – Are Your Bank Accounts and Mortgage Safe?

It’s been an extraordinary week in the financial world, with predictions of world economic meltdown and the vanishing of major players from the word’s money markets and from the High Street. What concerns the man in the street, however, is the safety of his bank account, pension plan and mortgage.... More

1 September 2008 - Credit Union Reform To Help Those With Poor or Bad Credit History

For low-income families, or those who have a poor credit report, it is difficult to find lenders who will provide an unsecured loan without a punitive rate of interest. Many in desperation turn to doorstep loan providers or loan sharks. The Government is trying to make it easier for these people ... More

11 August 2008 - Repossessions Rise Whilst Mortgage Famine is Set to Continue

The continuing economic slowdown has meant that the number of repossessions rose sharply this year, with the number of UK homes repossessed by mortgage lenders up 48%. According to figures from the Council of Mortgage Lenders (CML) there were 18,900 repossessions in the first six months of 2008, ... More

25 February 2008 - House Prices Key to UK Economy

The biggest short term threat to the economy is a downward spiral of house prices warned a Bank of England rate-setter earlier this week. Combined with a drop in mortgage lending this could be the death knell to hope that the UK economy will weather a recession. However, Kate Barker of the Bank of... More

18 February 2008 - Safe as Houses?

Without stricter planning controls, one third of the new homes the Government would like to see built by 2020, could be both unsaleable and uninsureable says the Association of British Insurers (ABI). One million of the proposed three million new properties are due to be built on flood plains, ... More

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