- Friday, April 4, 2008, 16:46
- Mortgages
Each month I put together a short summary of the best mortgage products currently available from UK mortgage lenders. After reviewing this month’s best-buys, I am taken aback by how noticeably the trickle-down effect of international market turmoil is revealing itself. The mortgage market is visibly shrinking. Over the past two weeks three of the UK’s biggest mortgage players, Nationwide, NatWest and the Norwich & Peterborough Building ...
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- Wednesday, April 2, 2008, 17:25
- Mortgages, Personal Finance
First Direct has closed its doors to new mortgage business, fuelling growing concern that increasing borrowing costs are fast becoming unaffordable for first time buyers.
First Direct has announced that they are presently experiencing an influx of mortgage applications that have caused a massive backlog. Until the backlog has been cleared, they will not be accepting new applications. The move was announced as an alternative to ...
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- Friday, March 28, 2008, 18:51
- Mortgages
Nationwide this week released a report showing that UK house prices are rising at the slowest rate for twelve years. Typical house prices have fallen to an average of £179,100 – a drop of 0.6%. These findings are providing yet more evidence that the UK housing market is heading for a ‘sharp correction’, as happened last year in the US with the collapse of the ...
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- Thursday, January 3, 2008, 12:03
- Mortgages
Experts have been predicting the downturn of the housing market for around 18 months now, since interest rates began to rise mid 2006. With house prices rising seemingly endlessly across the country all the while and sellers laughing all the way to the bank, this may seem another weary reiteration of the same old news in new shoes, but Nationwide have reported that house prices ...
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