Welcome to Mortgage News, a look at what is happening with mortgages in the UK. Are interest rates set to rise, what are property prices going to do in the short term and long term future? We will try to separate the rumours and hype from the truth.
Monday, 11 July 2011 11:37
Business groups approve Bank's interest rate decision
Two buisness lobby groups have praised the decision to keep interest rates on hold at 0.5 per cent for a further month. The Bank of England's Monetary Policy Committee (MPC) voted to keep the base rate at its historic low…
Monday, 11 July 2011 11:09
First time buyers seeking advice on mortgages
There has been a massive rise in first time buyers seeking advice as lenders begin to return to higher loan-to-value lending. Forty per cent of all advice sought on mortgage matters in June came from first time buyers looking for guidance.…
Monday, 11 July 2011 10:35
Never been a better time to invest in UK buy-to-let properties
British nationals working abroad are being urged to consider a currency transfer so that they can invest in property in the UK. According to Perran Cooke, mortgage consultant at estate agent Countywide, the UK market is ideal for those hoping…
Monday, 11 July 2011 09:35
Offset mortgages could save borrowers thousands
Lender First Direct has claimed that mortgage borrowers could save themselves thousands of pounds by taking out an offset product rather than a savings account. According to First Direct, over the past two years UK offset mortgage borrowers have earned…
