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 Was the last fall in house prices just a warning?2010-07-25 00:37:34 Repossessions likely to rise as options run out for struggling homeowners2010-07-25 00:22:38 Mortgage numbers fall againThe number of mortgages approved for people buying a home fell back during June as housing market activity remained subdued, figures showed today. 2010-07-24 21:16:44  UK mortgage market emits mixed signalsHowever, any positive sentiment was dealt a blow by figures from the Bank of England that showed mortgage approvals dipped in June because of tighter lending conditions and weakening confidence. The number of loans granted was 48,000, compared with 51,000 in May. 2010-07-22 09:36:09 Watch out, the great £50bn property unload is about to beginDuring the property slump of the early 1990s, there was a famous British Property Federation dinner at which the chairman introduced the guest speaker, Andrew Buxton of Barclays Bank, by inviting members to give a warm welcome to "a man to whom we owe more, er, than we can ever repay". 2010-07-22 09:04:35  Am I too old for a mortgage?2010-07-22 06:25:43 Yorkshire and Clydesdale mortgage customers face repayments riseAround 10,000 of the victims are Clydesdale customers in Scotland, with the remainder Yorkshire Bank customers. In total, £19m has been underpaid with an average individual total underpayment of £800. However, some homeowners face soaring repayments of up to an extra £300 a month. 2010-07-22 06:25:32 Mortgage lending up 15% in JuneGross lending was also 7% higher compared to June last year, when mortgage lending stood at £12.2bn, and gross lending in the second quarter of 2010 was an estimated £35bn, up 17% from the first quarter of this year (£30bn) and up 7% from the second quarter of 2009 (£32.7bn). However, lending in the first half of 2010 remained unchanged from the first half of 2009 (£65bn). 2010-07-22 06:24:56 Charity warns of repossession riseHomeowners have been warned by one of the UK's leading debt charities that an economic recovery could actually lead to a rise rather than a fall in property repossessions. 2010-07-22 06:24:39 Mortgage lending bounced back in JuneMortgage lending bounced back to a six-month high during June as the market enjoyed its traditional season boost, figures showed today. 2010-07-22 06:24:37 Worst case scenario warns of repossessions hikeHome repossessions could soar to 175,000 in 2012 if the Government fails to tackle the UK's deficit, it was warned today. 2010-07-22 06:24:35 United Biscuits private equity owners mull saleAnother long-standing British food company may be about to go under the hammer, as the private equity owners of United Biscuits put out feelers to investment banks over a sale that could reach £2bn. 2010-07-22 06:24:16 Bank error hits mortgage holders with repayment riseCustomers of the Yorkshire and Clydesdale banks have been left with a shortfall on their variable-rate mortgages after the bank miscalculated their monthly repayments. 2010-07-22 06:20:55 Higher mortgage payments after bank miscalculationA total of 18,000 borrowers who took out home loans with leading lender Yorkshire Bank and its sister Clydesdale Bank are affected by the shortfall and will need to pay several hundred pounds extra a year. 2010-07-22 06:20:54 18,000 mortgage holders face bill hike after Clydesdale Bank errorThey said 18,000 customers, about 12,000 of whom are in Scotland, had paid less than the contractual minimum monthly repayments needed to pay their mortgage within the agreed term. 2010-07-22 06:20:52 Self-certified mortgages should be banned, says FSA chair ¦ and maybe bonuses, tooTurner set out a case for structural reform to tackle the issue of credit that had become too easily available during the boom and too hard to obtain in the bust. 2010-07-17 12:19:27 Spanish property: 'There's a lot of over-priced rubbish out there'"There's an awful lot of rubbish out there that just won't sell at any price," says Martin Dell of kyero.com, a website that lists 100,000 Spanish properties for sale by 1,500 estate agents. "There's huge developments on golf courses miles from anywhere, and bad-quality apartments in poor locations with no local amenities. When they talk about 40% or 50% discounts, even at that price they're not worth it." 2010-07-17 12:14:41 Live clinic: Housing marketIf you are wondering where all this leaves you, why not put your questions to our panel of housing market experts. David Hollingworth of mortgage brokers London & Country, David Smith of estate agents Carter Jonas, and Michael White of solicitors Dawsons will be online on Tuesday 13 July at 12.30pm to answer your queries. 2010-07-17 12:13:48 Property demand falls as supply rises, says Rics reportThe Rics survey, the longest running monthly survey of house prices in the UK, shows that demand as measured by new buyer enquiries fell for only the second time since the latter part of 2008, with 5% more chartered surveyors reporting a fall than a rise (down from a positive 8% in May). This contrasts with a sustained rise in supply, Rics said, with the "net balance" for properties coming to market rising to the highest level for three years. 2010-07-17 12:13:44 FSA to ban fast-track and self-certified mortgagesThe regulator has published a consultation paper which proposes requiring verification of borrower's income in every case to prevent over-inflation of income and mortgage fraud. 2010-07-17 12:12:46 Why these new rules on mortgage lending are necessaryWhere were the checks and risk controls? Why didn't the lender at least ask for a few bank statements? Did it not occur to them that people just might be tempted to inflate their earnings? 2010-07-17 12:12:37 Travel cash gets a lot cheaper with Halifax credit cardIt also lets users access cash at foreign ATMs without paying withdrawal fees “ although you will be charged interest even if you repay your monthly balance in full. 2010-07-17 12:12:18 Mortgage debt drops £3.2bnBritons reduced their outstanding mortgage debt by £3.2 billion during the first quarter, figures showed today. 2010-07-17 12:11:19 Spotlight On: Yorkshire's fixed-rate mortgagesThe deal 2010-07-17 12:11:17 How to climb your way on to the property ladder2010-07-17 12:11:15 Self-cert mortgages to be bannedAs part of a strategy to ensure all borrowers can afford their mortgages, the regulator will today propose all applicants for home loans must prove their income to lenders. 2010-07-17 12:07:33 New mortgage affordability rules: Q&AWorst affected are likely to be the self-employed, as the FSA is proposing that so-called "self-cert" loans be banned completely. 2010-07-17 12:07:29 Moody's: mortgage market faces challenges beyond 2010The scarcity of wholesale funding will keep squeezing margins for many, further putting pressure on them to scale back on loans in 2010 and beyond, according to the credit agency. 2010-07-17 12:07:27 Are house prices set to fall again?PricewaterhouseCoopers said there is a 70pc chance that British house prices will be below peak 2007 levels in 2015 in real terms, despite a continued expected recovery in prices in cash terms - in other words any rise in property prices won't keep pace with inflation. 2010-07-17 12:07:04 House prices 'to crash 20pc by 2012' as Budget bitesCapital Economics, the consultancy led by Roger Bootle, expects house prices to fall 5pc this year, and 10pc in each of 2011 and 2012. In total, the group predicts a collapse in house prices of 23pc from the start of 2010 – a deeper drop than the 19.3pc crash during the recession. 2010-07-17 12:06:28 Kent could sign £50m deal with private equity firm tomorrowThe Kent Reliance Building Society is set to sign a £50m deal with the private equity investor JC Flowers to create a new building society consolidation vehicle as soon as tomorrow. The deal will see the creation of a new holding company 51 per cent owned by Kent and 49 per cent owned by JC Flowers. 2010-07-12 03:07:38 Nationwide calls time on fresh bailouts of rival societiesNationwide has called time on any further deals with rival building societies after coming to the rescue of three of its smaller competitors during the financial crisis, The Independent has learnt. 2010-07-12 03:07:35 Upturn in commercial property may have run its courseThis year two big deals followed in the Square Mile: fund manager BlackRock snapped up 292,000 square feet of prime office space in Drapers Gardens. It agreed to a 25-year lease at a rent of £49 a square foot, with a rent-free period of three years “ which compares with Nomura's six years. And Australian investment bank Macquarie took more than a third of British Land's 595,000 sq ft Ropemaker Place. 2010-07-12 00:13:55 Spotlight On: Halifax clarity credit cardThe deal 2010-07-10 00:26:32 Bovis to restore dividend as housing market improvesBovis cheered investors with plans to reinstate its dividend next year, as it became the latest housebuilder to report rising property prices and sales. 2010-07-10 00:26:18 |