Tag Archives: uk mortgage

The UK Mortgage Squeeze

From London: THE mortgage business is in crisis, with the number of products on the market slashed by 50 per cent, making borrowing both difficult and more expensive for both existing and would-be home owners, it has been claimed. Kidderminster-based … Continue reading

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UK Mortgage Approvals Up

Mortgage loan approvals rose in April, new data has revealed. According to figures from the British Bankers’ Association (BBA), approvals rose nine per cent last month when compared to March. However, the figures are still lower than in the same … Continue reading

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The UK Mortgage Clinic

From the Independent of London: Q. ‘I’m currently using a broker to hunt for a £130,000 mortgage, but the cheap offers that I’ve seen advertised on the web aren’t available via him. JT, Cheshire A. In today’s nervy mortgage market, … Continue reading

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UK Mortgage Approvals Near Record Low

From Reuters: LONDON (Reuters) – The number of mortgages approved for house purchase was the second weakest on record in April, a survey shows, suggesting no let-up in the property market downtrend. The British Bankers’ Association said approvals for home … Continue reading

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UK Mortgage Approvals Down

From the Daily Telegraph: Mortgage approvals slumped last month as the slowing UK housing market and the disruption in the mortgage market deterred buyers. According to a report from the British Bankers’ Association, granted 38,704 loans in April, down 39pc … Continue reading

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Morgan Stanley Sells Its Russian Mortgages

MOSCOW, May 26 (Reuters) – The Russian subsidiary of Morgan Stanley (MS.N: Quote, Profile, Research) said on Monday it plans to sell its mortgage lending unit. Morgan Stanley bought the City Mortgages bank in 2006 in a deal valued at … Continue reading

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Get Advice Before Getting A Mortgage

From earth.co.uk: Mortgage borrowers could save a large amount of money by getting advice on products, according to new research. The study by NMG for the Association of Mortgage Intermediaries (AMI) found that by not going direct to a lender … Continue reading

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UK Mortgage Outlook

Wykhamist writes: Seems to me that the following scenario might play out: With no UK buyers house prices will continue to fall – probably by 20 – 30 % overall. At the same time sterling will get cheaper. At a … Continue reading

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UK Mortgage Lenders Ripping You Off

Jane Baker writes: Not only are mortgage rates rising, but lenders are demanding even higher deposits. And — as if that wasn’t bad enough — rip-off mortgage fees are really rubbing salt in the wounds. What Is A Higher Lending … Continue reading

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UK Mortgage Delinquencies Rise

LONDON (Reuters) – Delinquencies on prime and non-conforming UK mortgages and on credit cards are rising as lending conditions tighten and the economy weakens, Standard & Poor’s said in reports on bonds backed by these assets. For non-conforming mortgages — … Continue reading

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