Mortgages

The Government plans to inject up to £14bn into the UK mortgage market through nationalised lender Northern Rock, ministers have announced today.

Legal & General (L&G) will assess which of the advisers at its mortgage network are best at selling protection alongside a mortgage.

Repossessions increased by 54% in 2008 as 1 in 50 mortgages were in serious arrears, according to the Council of Mortgage Lenders (CML).

New lending for buy-to-let (BTL) in the final quarter of 2008 was its lowest since 2003, figures from the Council of Mortgage Lenders (CML) suggest.

Orbiter has integrated over 40 lenders' affordability calculations within its online system as it moves from a sourcing system to become a common trading platform.

Mortgage lending has fallen to its lowest level since April 2001 and is set to fall even lower, according to the Council of Mortgage Lenders (CML)

The housing market in the capital is market is close to bottoming out, according to London property specialist Marsh & Parsons.

There is no evidence house prices are approaching a floor following the latest report from the Department of Communities and Local Government (CLG).

Email Mortgages has called for an end to the mortgage best buy tables that are currently published throughout the industry.

More than half of all mortgage brokers have been unable to arrange a mortgage for a first-time buyer, according to the Intermediary Mortgage Lenders' Association (IMLA).