Latest News From Mortgage Options

Investors should not be concerned by Inside Track collapse

The collapse of investment company Inside Track should not concern long-term buy-to-let investors too much.

That is according to website Property Hawk, which said that the firm dealt with short-term returns.

It pointed out that long-term investors are more likely to be able to ride .........

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MPC holds rates

The Bank of England's Monetary Policy Committee (MPC) has maintained the base rate of interest.

MPC members met today (May 8th) to announce the decision which follows the 0.25 percentage point reduction seen in April.

May's decision continues the Bank's conservative approach to cut .........

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Rics puts pressure on lenders

Mortgage lenders are coming under pressure to publish guidelines on the minimum loan-to-value at which they are prepared to lend.

The Royal Institution of Chartered Surveyors (Rics) believes that such a move would help to increase confidence among borrowers.

It is hoped that it wou .........

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Credit crunch expected to impact on spending habits

People are to make financial changes and spend less on luxury items due to increased mortgage rates, says a finance website.

According to research by Fairinvestment.co.uk, 23 per cent of people would make spending cutbacks because of the negative effects of the credit crunch, such as larger .........

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Inflation fears may rule out rate cut

Despite a struggling economy and a decline in the mortgage market, the Bank of England may not cut interest rates because of concern about inflation.

With many homeowners struggling to keep up with increased mortgage payments some financial analysts thought the Bank may cut interest rates t .........

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FTBs force down property prices

A decline in the mortgage market has led to a fall in house prices, claims a finance website.

With many first-time-buyers being rejected for a mortgage, the amount they are prepared to pay for a home is causing property prices to fall, according to Moneyextra.com.

First-time buyer .........

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First-time mortgage-buyers warned against 'rushing in'

A financial expert has warned first-time buyers against "rushing in" to the housing market until the market is more stable.

Peter Beckett, business development director of iammoving.com, a website that deals with changes of address, advises patience for first-time buyers looking t .........

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Brokers take issue with mortgage deals

Mortgage brokers are being held back from setting up some new borrowers with mortgage deals.

Brokers, rallying through the Association of Mortgage Intermediaries (AMI), have lodged a complaint with the Financial Services Authority (FSA), as some lenders are insisting customers deal with th .........

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Buy-to-let market affected by credit crunch

The credit crunch has significantly reduced the number of buy-to-let deals available on the market, it has been revealed.

Research conducted by moneysupermarket.com shows there has been a 40 per cent drop in the number of buy-to-let mortgage products available in the last month alone.
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Base rate set to be cut in June or July

Mortgage holders should be boosted by a cut to the base rate of interest in June.

However, it looks unlikely that a reduction will be announced this month.

That is according to a poll of nine major financial institutions, with all of them saying that a rate cut in May is unlikely.< .........

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Govt pressured on empty homes

The government is coming under pressure to look at bringing more empty properties back onto the market.

It comes as the Federation of Master Builders (FMB) reveals that new housing targets are not being met.

The government promised to build three million new homes by 2020 but the F .........

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Market remains supported

The UK property market is supported by a number of key factors, according to Halifax.

The bank's chief economist Martin Ellis made the comments on the day its House Price Index for April was published.

It shows that property prices fell in the month by 1.3 per cent but it certainly .........

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Mortgages becoming cheaper

Many mortgages are becoming cheaper as the market begins to recover, although it remains a mixed picture.

That is according to the Council of Mortgage Lenders (CML), which said that some lenders are beginning to lower their rates.

However, a spokesperson for the organisation said t .........

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AMI welcomes Bank report

The Bank of England's Financial Stability Report has been welcomed by the Association of Mortgage Intermediaries (AMI).

The report stated that the Bank believes an appetite for risk will return to the market, spelling good news for mortgage borrowers.

If banks become comfortable wi .........

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Bank under pressure to cut rates

The Bank of England is coming under increasing pressure to cut the base rate of interest, according to one expert.

The Bank's Monetary Policy Committee (MPC) is due to meet next Thursday (May 8th) to announce its rate decision for the month.

Howard Archer, chief European and UK eco .........

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Landlords benefit from rising rents

New figures show that rents in the UK are rising, spelling good news for buy-to-let property investors.

According to the Paragon Buy-To-Let Index, typical monthly rent has increased to over £1,000.

This means that the average amount of rent paid per year now stands at £12 .........

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NAEA calls for calm

The National Association of Estate Agents (NAEA) is urging for calm in the UK property market.

It comes after Nationwide published its House Price Index, which showed that house prices fell by one per cent in the year to April.

In addition, monthly prices fell for the sixth consecu .........

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Lenders remain upbeat

A survey from the Intermediary Mortgages Lenders Association (IMLA) shows that many mortgage lenders and intermediaries are upbeat about the future prospects of the housing and mortgage markets.

The study found that 46 per cent of respondents expect house prices to either rise or remain the .........

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CML backs SLS

The Council of Mortgage Lenders (CML) has revealed that it excepts recent measures taken by the Bank of England to benefit the mortgage market.

The Bank has announced the launch of its Special Liquidity Scheme (SLS), which it hopes will ease the credit crunch.

It works by offering .........

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New buyers may benefit from credit crunch

The global credit crunch could be a blessing in disguise for first-time buyers.

That is according to Moneyfacts, which said that any future price drops could spell good news for new buyers.

Due to the global credit crunch, mortgage lenders are now requiring that borrowers stump up .........

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