Tag Archives: rate deals

Mortgages Worth Less In Britain

From the Telegraph: The Council of Mortgage Lenders (CML) is preparing to release its estimate for the total amount of money leant by building societies and banks in September. It is thought that the figure could be as little as … Continue reading

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Mortgage Rates To Rise In UK?

From London: Mortgage rates could begin rising again following another significant jump in the cost of wholesale funding. The global financial turmoil has caused one of the key inter-bank lending rates, three month Libor, to increase to 5.98%, up from … Continue reading

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Mortgage Nightmares In Europe

From the Telegraph: It never rains but it pours: people who have euro-based mortgages on properties at home and abroad are suffering as their repayments soar. Hundreds of thousands of British homebuyers who sought to cut costs by using foreign … Continue reading

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Rising Mortgage Rates In UK

From the BBC: Abbey has reversed cuts it made to mortgage rates two weeks ago, one of two lenders lifting borrowing costs. The Abbey is raising rates on new fixed-rate deals by between 0.15% and 0.56% from 29 May. On … Continue reading

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Scots Paying Highest Interest Rates In Uk

From the Scotsman: HOMEOWNERS face the highest fixed-rate mortgage deals since the late 1990s, according to figures that highlight the impact of the global credit crunch. The average rate for a two-year loan – the most popular mortgage taken up … Continue reading

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UK Mortgage Rates At 8 yr High

From the Telegraph: Fixed-rate mortgage rates for new customers have hit the highest level since the start of the decade, figures have showed. The average rate for a two-year loan, the most popular mortgage, have reached 6.64 per cent. This … Continue reading

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UK Mortgage Rates To Rise

From the Times of London: Some of Britain‘s biggest lenders, including Abbey and Nationwide, trimmed rates last week. The inflation report sent rates in the wholesale markets soaring, suggesting rates on offer to homeowners would also head up, at least … Continue reading

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Rate Cuts Illusory In UK

From the Guardian: Borrowers need a 25% deposit for Abbey’s fixed-rate deal. Two of the UK‘s biggest lenders, Nationwide building society and Abbey, today cut rates on their fixed-rate deals by up to 0.3%. The society’s five-year fixed-rate deal with … Continue reading

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Britain’s Official Lending Rates Drop, But Homeowners Still Pay More

The market has changed. The easy credit ride of the past decade has crashed. No matter all the cuts from the Bank of England, homeowners still pay 1.25% more. Here’s a column Shabby lenders force a mortgage hunt Homeowners would … Continue reading

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