Mortgages

The UK housing market is steaming ahead full pelt according to a troika of surveys just out, which will more than offset news inflation as measured by the government's preferred index fell last month.

Long-term fixed-rate mortgages could quickly become a reality for many borrowers if consumer understanding of mortgage products and costs is improved by lenders, David Miles says in his Review published today.

Taking a more coherent and long-term view of the housing market would improve the lot of both homeowners and tenants, if politicians could be persuaded to do so, the Council of Mortgage Lenders says.

Property prices in the UK remained robust in January after annual house price inflation rose yet again compared with a fall in the same period last year, government figures show.

First-time buyers are now unable to afford property in 25 of Wales' 35 main post towns, according to the first Halifax Welsh Annual First Time Buyer Review.

One in five UK consumers do not associate buying a property with taking a financial risk, despite concerns interest rates are likely to increase later this year, says the Council of Mortgage Lenders.

Spanish-property-secrets.co.uk, a website specialising on the Spanish property market is urging those thinking of moving to Spain or acquiring a second home there to be aware that not all locations are experiencing similar rates of house price growth....

Insufficient supply of new houses coupled with a continued strong labour market and historically still low interest rates have combined to push annualised house price inflation to 17.8% in the latest monthly house price survey from Halifax.

The Association of Mortgage Intermediaries is launching a factsheet to help mortgage intermediaries understand the changes facing them when the FSA regime comes into force later this year.

The number of millionaires in the UK is set to triple over the next couple of years, boosted by the recent rise in house prices, says the Centre for Economics and Business Research.