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News about Mortgages:
Massive Fall In Mortgage Lending - AnanovaMortgage lending collapsed in October, as it dived by nearly 70% over the month to reach the second lowest figure on record, the Bank of England said. Just £459m was lent during October, well down on September's £1.49bn and only 6% of the level for ...
Mortgage approvals still falling - BBC NewsBank of England figures show that just 32,000 mortgages were approved, 1,000 fewer than in the previous month. The number of mortgages approved, but not yet lent, is a good indicator of medium-term trends in lending. The UK housing market has already ...
Mortgage approvals down 64% - MyFinances.co.ukUsing Mortgage Finder to find the best mortgage and remortgage deals could save you thousands of pounds. Find the right cheap mortgage or cheapest remortgage. Mortgage approvals have dropped 63.6 per cent in the last year, according to new figures ...
House prices to tumble as mortgage lending slams into reverse - This is MoneyHouse prices are likely to continue to tumble next year, as mortgage lending goes into reverse for the first time ever. The Government's mortgage expert Sir James Crosby has warned that unless swift action is taken repayments and redemptions will ...
My warning to Gordon and his friend Alistair - Evening StandardEconomics is not a game. Bad decisions blight the future for hundreds of thousands, if not millions, of people. It's hard to imagine a discipline less suited to the febrile world of politics, where the influence of tomorrow's headlines has become an ...
Mortgage approvals halve in a year - Financial TimesMortgage approvals last month fell by more than half from a year earlier, according to data from the British Bankers’ Association which underlined the extreme pressure on the housing market. The number of mortgage approvals for house purchases fell ...
Mortgage lending dives 70% to second lowest figure on record as new ... - Daily MailBritain was hit by a raft of downbeat economic news today fuelling fears about the depth of the UK recession. Mortgage lending collapsed during October, diving by nearly 70% to reach the second lowest figure on record, while manufacturing activity ...
Mortgage slump piles pressure on Bank of England to cut rates again - ScotsmanTHE value of new mortgages being offered to prospective home-buyers has plummeted by two-thirds in a month, new figures showed yesterday. Loans worth £459 million were offered in October – compared to £1.49 billion the previous month. The Bank of ...
Construction shrinks at fastest rate in 11 years - Times OnlineBritain’s construction sector contracted at the fastest pace in more than a decade during November, as the rate of new houses being built continue to plunge. The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction index revealed ...
Mortgage approvals slump by 52% - Guardian UnlimitedMortgage lending for house purchases fell by 52% over the 12 months to October, according to latest figures from the British Bankers' Association (BBA). A total of 21,584 mortgages were approved by banks for house purchases during the month - down on ...
Today's Mortgage Terms starting with G
Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.
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