mortgage

Mortgage repayments outstripped new lending for the first time since records began in July, figures from the Bank of England (BoE) show.

Gross mortgage lending rose 17% in June due to seasonal factors, according to new figures from the Council of Mortgage Lenders (CML).

The average shelf-life of a mortgage product fell to 14 days in June, almost half the amount of time they were available in the previous month, according to the latest monthly Moneyfacts Treasury Report on UK Mortgage Trends.

More than half of mortgage brokers want the FSA to regulate the buy-to-let (BTL) market.

Sesame is calling for lenders to resume normal risk-based lending and to increase loan to values (LTVs) to a minimum of 90%.

The FSA has secured, for the first time, a bankruptcy order against a former mortgage broker for non-payment of a £129,000 penalty relating to fraud.

Lending criteria stopped tightening in May but lending remains at very low levels, according to the latest data from the Council of Mortgage Lenders (CML).

Brokers are expecting an upturn in mortgage business in the third quarter of 2009, research from Paragon Mortgages reveals.

Mortgage completions rose 16% to 35,600 in April, according to the latest data from the Council of Mortgage Lenders (CML).

The cost of the average fixed-rate deal has risen in the last month, with borrowers requesting longer term deals hit the hardest, according to Moneyfacts.