Mortgages

The average price of a two-year fixed rate has broken the 7% barrier as money market rates continue to rise, according to Moneyfacts.co.uk.

Vince Cable, shadow Chancellor for the Liberal Democrats, has called for greater help for homeowners suffering negative equity.

The Association of Mortgage Intermediaries (AMI) says the gap between branch and intermediary product offers has narrowed considerably, and now favours the intermediary in some cases.

Mortgage lending for house purchases dropped a further 20% in May to reach a record low, according to the British Bankers Association (BBA).

The US Federal Bureau of Investigation (FBI) says more arrests are on the cards as part of its continuing investigation into mortgage fraud.

Abbey is set to launch two guaranteed investment products linked to the FTSE 100.

Rental yields have increased by 12% over the past year to reach a two-year high, according to Paragon Mortgages' Buy-to-Let Index.

The FSA has today banned three mortgage brokers for their involvement in mortgage fraud.

The Association of Home Information Pack Providers (AHIPP) is calling on local authorities to cooperate with private search companies compiling home information packs (HIPs).

The Treasury is facing a £5bn black hole in its finances due to falling property prices, according to the Liberal Democrats.