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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 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…
Monday, 11 July 2011 09:03
Rise of 17 per cent in remortgage activity
Recent data from the Council of Mortgage Lenders shows that the number of remortgage loans advanced in May increased by 17 per cent by number and 20 per cent by value compared to the previous month. There were 29,000 remortgage…
Monday, 04 July 2011 11:18
Private sector landlords more confident
New figures show that private sector landlords in the UK are confident in the future of the buy-to-let sector, according to research published today. More than 67 per cent are positive about the outlook and are particularly confident about rental…
Thursday, 16 June 2011 13:50
First time buyer confidence continues to rise
A new poll has shown that more first time buyers are seeking mortgages as confidence continues to grow. The Building Societies Association (BSA) Property Tracker revealed the number of people who think now is not a good time to buy…
