Mortgages

The Assetz House Price Watch, an aggregate of five major UK house price indicies, has found that the average annual rate of house price growth reached 11% in June.

More than three quarters of brokers believe the 100% plus loan to value (LTV) mortgage and loan market will grow in the next two years, according to Alliance & Leicester Mortgages.

Just one more energy assessor is needed to meet the target of 2,000, the amount the Government says are needed to roll out HIPs for homes with three bedrooms or more, according to the Association of Home Information Pack Providers (AHIPP).

Investec Private Bank has entered the high-income mortgage market with a completely new way of assessing mortgage loans for affluent clients.

Future Mortgages has launched a new range of second mortgages today, with a variety of offerings for brokers and their clients as well as a new online instant decision system.

Leeds Building Society has launched a 3-year fixed rate mortgage with a rate below the current Bank of England base rate of 5.75%.

Cheltenham & Gloucester has become the latest mortgage lender to scrap mortgage exit fees as the deadline for lenders to report to the FSA on exit fees approaches.

Scottish Widows Bank has announced several changes to its range of mortgages, including a new 2-year fixed-rate no fee product.

Demand for re-mortgages on overseas property has increased by 30% since the Bank of England raised interest rates in May, and is set to accelerate, according to Assetz.

The amount of time first time buyers will need to save for a property has reached an average of four years and eleven months, an 11-month increase on 2005 figures, according to Stroud & Swindon.