Mortgages

A day hardly goes by just now without one of the major supermarkets being in media, whether it be for another massive profit announcement (damn them), savings to be made on nappies (important in our house!) or the launch of another financial services...

Bradford & Bingley's announcement it has stopped selling competitors' mortgages through its 200-plus high street branches still makes business sense despite recent rises in the key base rate of interest, the lender says.

House prices rose by 0.8% in September according to the latest official figures.

Money Partners is to launch into the direct to broker market through the acquisition of specialist broker packager Residential 1 for an undisclosed sum.

Whole of market mortgage intermediary Moneyquest is launching an introducer service targeted at IFAs who have high-net-worth clients seeking secured loan facilities.

A common EU standard for using APRs could be introduced through a regulation rather than a directive, admits John Purvis, Scottish MEP.

House prices rose by 1.7% in October but inflation may slow in the coming months, according to the latest Halifax house price index.

The cost of buying a home once first-time buyers are on the property ladder climbs substantially once buyers strive for the next level up.

The Royal Institution of Chartered Surveyors has argued for a rate hike tomorrow as figures published by Bradford & Bingley suggest supply of housing will not be improved by homeowners downsizing nearer retirement.

Thursday's expected interest rate increase will put the squeeze on employees already suffering from a slowdown in average take-home pay, according to Voca, the company which processes all of the UK's automated payments.