Interest rate
The number of first-time buyers rushing to buy before the Stamp Duty holiday ends increased in December, the Council of Mortgage Lenders has found.
Lenders offering some of their cheapest mortgage deals last year helped to make homeowners' monthly mortgage payments in 2011 the most affordable for 10 years, according to Barclays.
Gross mortgage lending by mutuals was £2.5bn in November, up 24% against November 2010 when lending stood at £2bn, revealed the Building Societies Association(BSA).
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Equity release lender LV= has announced a rate cut on its lifetime and flexible lifetime mortgages.
With the next 12 months likely to remain difficult for the UK housing market, reporter Simret Samra gets five experts' views on where house prices and base rate are headed in 2012.
Residential property repossessions are set to increase by around 7% across the UK to almost 38,000 during 2012, before falling back in 2013, according to HML’s regional repossession forecast.
The Monetary Policy Committee has once again held Base Rate at 0.5%.
The Bank of England has said that mortgage interest rates could increase next year, as lenders pass on the increased costs of wholesale funding.
The OECD has warned the UK is teetering on the edge of a double-dip recession, and has called for further of quantitative easing to support the economy.
The Bank of England's Monetary Policy Committee voted unanimously to keep bank rate at a record low of 0.5% in November, as Eurozone contagion is predicted to keep rates at 0.5% for at least two years.
Nationwide has refreshed its mortgage range, with rate cuts and increases across selected fixed and tracker deals.
Consumer Prices Index (CPI) inflation dropped to 5% in October, down from 5.2% the previous month, the Office for National Statistics said today.
Homebuyers borrowing at 90% LTV are paying significantly more interest on average than people taking out equivalent mortgages at 70% LTV, Defaqto has found.
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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.
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Barclays mortgage complaints fall by a quarter