Mortgages

Stephen Knight, executive chairman of GMAC-RFC, says the company's new point-of-sale mortgage offering taken up for the first time today is not a 'decision-in-principle' offer.

The launch last week of what has been quickly touted as the never-ending or inter-generational mortgage by Kent Reliance Building Society was always likely to provoke debate.

A rise of 0.8% in August means house prices have grown by almost £30 a day over the last year, claims Nationwide.

Lloyds TSB has launched what it says is the first fully flexible mortgage.

Net mortgage lending increased by £9.8bn in July official figures from the Bank of England released today show.

In my first entry to this blog I asked for help to understand my credit rating and confessed I was having difficulty obtaining any credit. My second entry attempted to explain possible reasons why I might be having problems.

House prices have risen 0.4% over August meaning the average house now costs around £167,200, claims Hometrack.

A report published by Unisys today reveals consumer ignorance of the mortgage market to the point that many might incorrectly believe they cannot get onto the property ladder.

The West coast is where house prices rise fastest of any coastal region of England and Wales, Halifax says.

July's gross mortgage lending was £19.1bn, some 7% below the record figure of £20.5bn in June, though 19% higher than the £16.0bn in July last year, according to the latest figures from the British Banker's Association (BBA).