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UK house prices have fallen 15% in the last 12 months
News that the price of the average UK home has fallen by 15% in the 12 months to October has brought further doom and gloom to the mortgage and property markets. The monthly fall of 2.2% between September and October, as reported by Halifax, brings aboutmore
Make most of mortgage savings, Lloyds advises
Lloyds TSB has advised homeowners to take advantage of the Bank of England's interest rate cut by making the most of their mortgage savings. The company's marketing director of mortgages, Stephen Noakes, explained that the cut meant many people on amore
Prescott's mortgage misery
John Prescott's attempt to follow Tony Blair in becoming a property magnate is lying in tatters as he falls victim to the housing crash. It is likely to have dropped by more than 200,000 in the next 18 months. At 70, Mr Prescott is unusual in beingmore
Aussie cuts home loan rates
Non-bank lender Aussie Home Loans has announced it will cut its variable home loan rate to 6.99 per cent. It has also cut its standard variable rate by point 9 to 7.65 per cent. Last week the Reserve Bank cut interest rates bymore
Mortgage brokers flee industry
Mortgage broker numbers have been decimated by the impact of the global financial crisis on the property and lending markets. Megan Salt of the New Zealand Mortgage Brokers Association said its membership roll had dropped by 10% in the past year,more
More woe over tracker mortgages
Mortgage lenders have been slammed for failing to pass on cuts in the cost of borrowing despite the hefty reduction of one and a half percentage points in the base rate However, first-time buyers and remortgaging borrowers hoping for a reprieve in ratesmore
700% mortgages acceptable
Permalink: The Council of Mortgage Lenders (CML) has spoken out about lenders offering mortgages up to 7 times a borrower?s salary. It has defended the actions of mortgage brokers and said that it is acceptable to provide these deals. These mortgagesmore
Mortgage recovery will be slow warns BSA
Permalink: The credit squeeze has resulted in a mortgage drought that has seen the availability of cheap mortgages dry up. Iain Cornish, chairman of the Building Societies Association (BSA), warned that mortgage markets will take 2 years to recover frommore
Emaar Properties extends mortgage repayments time
DUBAI ? Emaar Properties said yesterday it had started extending the time period it gives to its customers to repay their mortgages as liquidity constraints in the local banking sector has exacerbated the problems of securing home finance. Issammore
Halifax reveal 15% fall in house prices
Seema Shah, property economist at Capital Economics, said: 'Lender criteria are not loosening at all. Lenders are not passing on rate cuts to new buyers.' Lending had become much riskier as Britain's economic outlook continued to deteriorate. Capitalmore
The Mortgage Meltdown, Financial Markets, and the Economy
This Economic Letter is adapted from a speech delivered by Janet L. Yellen, president and CEO of the Federal Reserve Bank of San Francisco, on October 30, 2008, to the UC Berkeley-UCLA Symposium 'The Mortgage Meltdown, the Economy, and Public Policy,' atmore
Perpetual reopens income/mortgage funds
Fund manager Perpetual Ltd has re-opened applications for its income and mortgage funds at the request of a number of clients. The fund manager was forced to suspend applications and introduce a quarterly redemption facility after a rush of redemptionsmore
Perpetual reopens income/mortgage funds
Fund manager Perpetual Ltd has re-opened applications for its income and mortgage funds at the request of a number of clients. The fund manager was forced to suspend applications and introduce a quarterly redemption facility after a rush of redemptionsmore
UK house prices have fallen 15% in the last 12 months
News that the price of the average UK home has fallen by 15% in the 12 months to October has brought further doom and gloom to the mortgage and property markets. The monthly fall of 2.2% between September and October, as reported by Halifax, brings aboutmore
Minister suggests cheap mortgages for Gaza-vicinity residents
The Cabinet is expected to discuss the fortification of the Gaza-vicinity communities Sunday morning in light of the renewed rocket attacks on Israel's southern region. Full Story In lieu of sufficient government funding toward the expansion of themore
Perpetual reopens income/mortgage funds
Fund manager Perpetual Ltd has re-opened applications for its income and mortgage funds at the request of a number of clients. The fund manager was forced to suspend applications and introduce a quarterly redemption facility after a rush of redemptionsmore
Perpetual reopens income/mortgage funds
Market watch top headlines Australian reports Aust markets: : : World reports World commodities: World markets: BPT, IMF, ANN, MAH, PMP, BBP, PMP, AFG, RAT, RJT, BSL, ABS, FUN, CBA, WHS, TEL, MQG, AAP 2008-11-09 Fund manager Perpetual Ltd hasmore
Perpetual reopens income/mortgage funds
Fund manager Perpetual Ltd has re-opened applications for its income and mortgage funds at the request of a number of clients. The fund manager was forced to suspend applications and introduce a quarterly redemption facility after a rush of redemptionsmore
Perpetual reopens income/mortgage funds
Fund manager Perpetual Ltd has re-opened applications for its income and mortgage funds at the request of a number of clients. The fund manager was forced to suspend applications and introduce a quarterly redemption facility after a rush of redemptionsmore
Rent-to-own is option for those who need one: It's on the rise with those who can't get a mortgage.
Extract not available.more
Mortgage brokers flee industry
nks Subscribe to Archivestuff Have your say Mortgage broker numbers have been decimated by the impact of the global financial crisis on the property and lending markets. Megan Salt of the New Zealand Mortgage Brokers Association said its membership rollmore
Rate cut relief for mortgage payers
HOMEBUYERS will this weekend be celebrating tumbling mortgage rates after the Bank of England slashed borrowing costs by 1.5%, wiping nearly £100 monthly off the cost of a £100,000 mortgage. Borrowers with tracker loans felt immediate relief frommore
The Wrong Mortgage Derails a Mothers Plans
Christina Natale rehearses the details in Realtor shorthand. Three bedrooms, one and a half baths, finished basement, washer-dryer, kitchen with island, granite tops - well, not granite tops, Formica tops - gas stove, stainless-steel appliances,more
Mortgage rates up
Esther Durgadeen spent the day making a wreath for her father-in-law's grave, in preparation for All Saints night on Saturday. But moments before she visited the cemetery, a gunman shot her dead as she walked to the toilet in the lower floor of her homemore
A place of her own, thanks to rent-to-own: It's an option on the rise with those who can't get a mortgage.
Extract not available.more