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United Kingdom Mortgage Lending

Sharp fall in UK mortgage lending

There was a sharp slowdown in mortgage lending last month, says the Council of Mortgage Lenders.
Ref. https://news.bbc.co.uk/1/hi/business/7050277.stm

Lending Mortgage Kingdom United

Lenders reject Darling's attack

Mortgage lenders have hit back at accusations that they are responsible for the rapid rise in house prices.
Ref. https://news.bbc.co.uk/1/hi/program...box/7054321.stm

United Kingdom Mortgage Lending History & Civil Business Politics

New strict lending rules were put into place a couple of years ago, to prevent people overborrowing and losing their homes through it.
I remember years ago when the interest rate went up, and mortgage costs doubled, if you had budgeted for a set amount, many were horrified to learn that they had to fork out their initial mortgage costs twice over, and many people throughout the UK ended up homeless.
This is one of the reasons why the financiers are being so careful now.

I've heard on the grape vine also, that very soon the high house prices are going to hit a slump, so now would be a good time to sell up, rent for a few months then get a mortgage in a few months at a profit once the house price rise has fallen.

Lending Mortgage Kingdom United

First-time buyers 'at fresh low'

The number of first-time home buyers in the UK has sunk to its lowest point since 1980, mortgage lender Halifax says.
Ref. https://news.bbc.co.uk/1/hi/business/7156906.stm

Lending Mortgage Kingdom United

Mortgage approvals still falling

New mortgage approvals for home buying have fallen again in November, the Bank of England says.
Ref. https://news.bbc.co.uk/1/hi/business/7171194.stm

United Kingdom Mortgage Lending

Thousands face home repossession

A housing charity warns that thousands of homeowners are struggling to repay their mortgages.
Ref. https://news.bbc.co.uk/1/hi/scotland/7218564.stm

United Kingdom Mortgage Lending

House prices continuing to slow

House prices are continuing to slow down, says the Halifax, the UK's biggest mortgage lender.
Ref. https://news.bbc.co.uk/1/hi/business/7280737.stm

United Kingdom Mortgage Lending Politics Business Civil & History

Repossession action climbs 16%

The number of homeowners facing court action for failing to keep up mortgage payments has jumped, figures show.
Ref. https://news.bbc.co.uk/1/hi/business/7391772.stm