Mortgages

With mortgage business levels predicted to fall by around 20% and the value of the of the market set to fall by between £50-£100bn due to the fallout from the recent credit crunch, advisers should fully exploit all opportunities to recoup a potential...

Heritable Bank has today announced its second packager relationship in as many months as part of its strategy to broaden access to its specialist lending products.

Safe Home Income Plans (SHIP), the industry body for the equity release sector, has hit out at the Tonight with Trevor McDonald progamme for wrongly confusing sale and rentback schemes with equity release.

Mortgage broker, London & Country, has today announced an exclusive mortgage deal through Platform, the intermediary lender of Britannia.

The proportion of mortgage lending used for home purchase has fallen 12% in the last six months, according to Hamptons International Mortgages.

Northern Rock's top managers, including chief executive Adam Applegarth, have today faced a grilling from the Treasury Select Committee in Parliament, in which MPs said they should resign.

With the recent pressures on lending, and interest rates showing little sign of falling, at least in the short-term, home buyers are finding it harder than ever to afford to purchase for the first time, or move.

Rejected mortgage applications rose 60% in the last six months as a result of strict lending criteria since the beginning of the credit crunch, according to MoneyExpert.com.

Coventry Building Society has become a member of Safe Home Income Plans (SHIP), the industry body for the equity release sector, ahead of the launch of its equity release range.

Selling property is becoming faster and more efficient in the third quarter of 2007, with the average time taken to sell a property falling by 7.5%, according to research from conveyancer and HIPs provider, LMS.