mortgages

Consumers taking out interest-only mortgages in the main have a reasonable understanding of the risks involved but a minority of borrowers do not have robust repayment strategies in place, according to a report published by the Financial Services Authority....

I don't know about you but I found the latest report by the Joseph Rowntree Foundation, concerning young people's attempt to get their foot on the property ladder, grim reading.

Research by GfK NOP involving more than 3,600 landlords on behalf of Bradford & Bingley's Mortgage Express suggests confidence remains high for next year.

UK house prices dipped slightly in October from the month before although annualised inflation continued to rise, according to figures published by the Department for Communities and Local Government.

The Financial Services Authority has barred John Vincent Burton, director of Mortgage and Finance Club Limited, for his failure to protect against fraudulent mortgage applications.

Mortgage lenders could be tempted into making riskier home loans as they search for new sources of revenue amid fierce competition, a new report by a credit rating agency suggests today, says the Financial Times .

The Financial Services Authority has raised concerns the move to higher income multiples on mortgages and a possible change in economic circumstances could result in more consumers falling into debt.

Remortgaging has hit its lowest level for five years, according to data from the Council of Mortgage Lenders.

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.

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