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News about Mortgages:
The Reporter - Guardian Unlimited"The risky way to get it Together" was the headline on a Guardian Money article almost three years ago which told how first-time buyers were snapping up a Northern Rock mortgage that allowed you to borrow as much as 125% of a property's value. The ...
I wish I were Chancellor now, says Ken Clarke - Times OnlineAs we arrive for our interview with Ken Clarke, he is groaning about having to squeeze into his black tie for a dinner. The Conservatives' man of the people is more comfortable in shirt sleeves and suede shoes. He prefers dingy jazz cellars to swanky ...
Labour MPs' election prospects threatened by unemployment rise - The IndependentAs Britain prepares to enter a recession, it remains "two nations", with jobless blackspots concentrated heavily in the North and the West Midlands. The banking crisis has fuelled reports that the downturn will be a "white-collar recession" with ...
Banks exploit legal loophole to seize homes - Times OnlineBanks and credit card companies are exploiting obscure legal powers to seize the homes of thousands of people who cannot pay their credit card bills. In some cases, people owing as little as £1,000 have been served with charging orders – the legal ...
Slash interest rates now to stave off depression - Times OnlineNobody can dispute any longer, as I rashly did two months ago, that we are living through the worst financial crisis of our lifetimes. Historians can argue about the causes of the near-collapse of almost every bank in the world - a catastrophe never ...
Council homes for life ‘to be scrapped’ - Times OnlinePeople living in council houses will no longer be entitled to a subsidised tenancy for life under Whitehall proposals to address waiting lists. New tenants would have fixed-term contracts under the plans, with regular reviews every few years, The ...
Downturn snapshot: Day's events - BBC News1829 That's it for today. There's been a lot of bad news but as the contributor from Harrow below makes clear, the outlook's not all bleak by any means. Thanks for sharing all your out-of-money experiences and the rest. 1825 "We are still very busy ...
Russell Brand falls on his sword and a sorry Ross is taken off the air - Times OnlineThe BBC suspended one of its biggest stars yesterday and saw another resign after its Director-General finally responded to an audience revolt over obscene phone calls aired on the nation’s most popular radio station. As 27,000 members of the ...
Germany and France lead €1 trillion European bailout - Times OnlineGermany and France put mountains of cash on the table today as they led continental Europe in an offensive to rebuild trust in banks with state guarantees worth over €1trillion (£780 billion). Chancellor Angela Merkel and President Sarkozy, chiefs ...
Losing my religion in the aisles of the new cathedral of consumerism - Women.timesonlineI am standing on a ledge gazing down at the innards of the new Westfield shopping centre in west London. Outside, in the real world, Iceland is suddenly poorer than Africa. Inside, they are preparing for the ultimate shopping experience. Below the ...
Today's Mortgage Terms starting with T
Term: The period of time in which a loan must be paid off.
Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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