First time buyers
Gross mortgage lending fell by over £2bn from the previous month in April, according to the Council of Mortgage Lenders (CML), giving the UK its lowest level of lending since April 2011.
Nationwide Building Society is to cut its two and five year fixed rates by 0.10% this Friday, with NewBuy rates also set to be reduced.
Lending to first-time buyers increased by 74% in March, with 24,000 loans taken out during the month, figures from the Council of Mortgage Lenders (CML) have shown.
Other First time buyers articles
Sister banks Clydesdale and Yorkshire have waived the £599 fees previously payable on first-time buyer mortgages for those taking out a 95% or 90% Loan to Value (LTV) mortgage.
A waver of first-time buyers rushing to beat the end of the Stamp Duty holiday pushed up the number of housing transactions in March by 15% in Scotland, hiking the average property price by £792 to stand at £146,633.
Tighter lending conditions have seen mortgage approvals for first time buyers fall to their lowest level for 9 months.
The total number of residential valuations conducted during April fell by 32% on a month-on-month basis, research from Connells has shown.
Nationalised lender Royal Bank of Scotland (RBS) is to repay the final tranche of the £163bn in emergency loans during the financial crisis and continue paying dividends on its preference shares.
Halifax has extended its pledge to pay half of all homebuyers Stamp Duty bills for properties up to the value of £250,000.
From Wednesday 2 May, Nationwide Building Society is cutting the product fee payable on its five-year fixed rates by 50%. It is also reducing remortgage rates by between 0.10% and 0.20% across the range.
The UK housing market bounced back in Spring, with more properties sold in March than either January or February.
Abbey for Intermediaries are launching two new fixed rate products exclusively for first-time buyers from tomorrow.
Lending to first-time buyers increased in February, figures from the Council of Mortgage Lenders (CML) has shown.
Most read articles
Updating your subscription status 
Latest jobs
Job of the week
Search jobs
Reasons to be Cheerful
It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
Advisers at risk from ‘no-money-down' buy to let deals - expert
How top 'referral getters’ do it
More networks contemplate Abbey fast-track exit
Only 400 homes reserved through NewBuy scheme
FSA approves first regulated residential property fund