Mortgages

Almost two thirds of young professionals are unable to buy property due to a decade of rapidly rising house prices, according to Endsleigh.

First time buyers could be better off putting down smaller deposits on a property because of an anomaly in the higher lending charge (HLC) system, according to Fool.co.uk.

Specialist buy-to-let lender Paragon has declared it is willing to launch an emergency underwritten rights issue on the back of continued credit crunch concerns.

House price growth in the UK has slowed by a further 0.2% in October, according to Assetz latest house price watch.

More homeowners are opting for longer-term variable rate mortgages because of uncertainty over the direction of interest rates in the future, according to Hamptons Mortgages.

Advantage, the specialist-lending arm of Morgan Stanley, has joined the Connells mortgage panel, it was announced today.

The FSA has banned one mortgage broker and fined two others for sub-prime failings, it announced this morning.

In London, markets climbed as construction firms became more optimistic and the FTSE 100 was up 11.3 points, or 0.18%, to 6,302.5.

The Nationwide has cut rates on its ten-year fixed rate mortgage, as well as adding a new two-year deal.

Financial advisers must be on their mettle to protect the thousands of property buyers being forced to jump last minute hurdles by nervous mortgage lenders.