Archer Mortgage Rates and Information Online from competing Lenders
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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 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 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 ...
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 ...
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 ...
INSTANT VIEW 6-UK mortgage approvals match series low in Oct - ForbesLONDON, Dec 1 (Reuters) - British mortgage approvals for house purchase fell in October to match August's reading of 32,000, the lowest since the series began almost a decade ago, the Bank of England said on Monday. Mortgage lending was also much ...
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 bills will drop as 1% interest rate cut predicted - Evening StandardMortgage bills for hundreds of thousands of London homeowners are set to be slashed again this week. Most City economists are convinced the Bank of England will cut its official base rate by another full percentage point to a record-equalling two per ...
Mortgage approvals back at record low - Guardian UnlimitedThe number of mortgages approved for house purchases fell back to a record low in October, despite a fall in interest rates at the start of the month, figures showed today. Lenders approved 32,000 home loans for buyers during the month, the same ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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