Singing Pig

In July, mortgage lending rose by £4.3 billion; the same as in June according to figures from the British Bankers Association. The BBA said the number of house purchase approvals continues to be very low while those for remortgaging have fallen. Net mortgage lending in July was similar to both May and June, maintaining an annual growth [...]

Since August 2007, the credit crunch has taken a firm grip on the UK property market. When the US sub-prime markets collapsed, banks around the world were left with huge debts and were unwilling to lend to each other. With fears over bad debt and difficulties in borrowing money on the wholesale markets, lenders began [...]

Fannie and Freddie increased the fees they charge lenders for many loans, effectively bumping up interest rates for many borrowers who have marginal credit.

I work for a BMV Brokers called Fruit Finance LTD and have a number of clients to package properties for - I require up to 30 per week with the following criteria. Circa 30% BMV Vendors use our solicitors Ideally tenanted Properties should be valued less than £120,000 unless multi let. If you are interested in a joint venture then please ...

The mortgage market in Scotland has contracted, but is still faring better in the unfavourable conditions affecting the whole of UK, according to new figures from the Council of Mortgage Lenders. There were 18,500 loans for house purchase in the second quarter of 2008, an 18% increase on the previous quarter, compared to a 5% increase [...]

Gross mortgage lending totalled an estimated £24.8 billion in July, up 5% from June and down 27% from July a year ago, according to the Council of Mortgage Lenders. Bob Pannell, CML head of research, said: “While there was a small month-on-month increase in activity, it represented a notable decline from a year ago. This continues [...]

Northern Rock has launched a range of mortgage products that includes new variable rate tracker mortgages and additional flexible fixed rate options. The new 2 Year Flexible Trackers start from 5.79% and are available to both purchase and remortgage customers up to 75% LTV with the option of paying no product fee or securing a lower [...]

A new service essentially offers a cash advance on the home, in exchange for the owner’s promise to share in the home’s future appreciation.

WASHINGTON -- Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines.

WASHINGTON -- Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines.