Mortgages

UK homebuyers are increasingly looking abroad to buy property and seek mortgages, according to Assetz Finance.

Interest rates for long-term fixed rate mortgages have been rising despite two cuts by the Bank of England, according to MoneyExpert.com.

Chelsea Building Society has withdrawn its intermediary product range due to an increase in applications from brokers.

TFC Homeloans is offering £99 application fees for purchase and remortgages placed with First National.

Gearing levels in landlords portfolios are at their lowest levels since May 2005, indicating high credit quality among buy-to-let investors, according to Paragon Mortgages.

Balance sheet mortgage lenders, such as major banks and building societies, should abandon their overly cautious approach to lending to increase confidence in the market, according to All Types of Mortgages (AToM).

The gap between asking prices for homes and the price at which they sell is widening, according to the National Association of Estate Agents (NAEA).

Homebuyers in the South of England are paying up to five times as much on stamp duty than those in the North, according to SmartNewHomes.com.

CHL Mortgages has announced it is to make 20% of its staff redundant due to a changed focus on credit quality and margins.

Gross mortgage lending fell by 7% between January and February, indicating a further slowing of the market, according to the Council of Mortgage Lenders (CML).