YourMortgage News

Within this section you will find the latest news articles regarding mortgages and home finance kindly provided by YourMortgage.co.uk, which is an excellent source of information regarding mortgages and is an online accompaniment to their magazine.

House Extension Online will soon be providing the links to the YourMortgage mortgage calculators to help you decide the best option for financing your extension.

July 2009 News

Fixed-rate mortgages still rising

10 Jul 2009
The cost of fixed-rate mortgages continues to rise, even though swap rates have continued to fall during the past month, according to Moneyfacts.

House prices fall 0.3% in June : Acadametrics

10 Jul 2009
The average price of all property transactions completed in England & Wales in June 2009 was 0.3% lower than in May, the lowest monthly fall since April 2008, according to Academetrics.

Young people optimistic for future

10 Jul 2009
The recession has not affected the financial ambitions of young people compared to two years ago, according to research from Alliance & Leicester.

Banks preventing home ownership: NAEA

10 Jul 2009
Banks and building societies are preventing home ownership, according to a poll commissioned by the National Association of Estate Agents (NAEA).

Tightening in lender criteria abates

9 Jul 2009
New estimates from the Council of Mortgage Lenders (CML) show signs that lending criteria stopped tightening in May.

Cluttons predicts late summer supply surge

9 Jul 2009
Property consultants Cluttons is forecasting a late summer increase in the supply of property for sale, as a further bout of City redundancies coincides with a surge in homeowners coming off two-year tracker deals.

Nationwide offers 125% mortgage

9 Jul 2009
The Nationwide Building Society has introduced a mortgage allowing existing borrowers to take loans worth 125% of the value of the home they are buying.

Bank Base Rate held at 0.5%

9 Jul 2009
The Bank of England has maintained interest rates at their historic low level of 0.5% for the fourth month in a row.

Halifax: House prices fall 0.5% in June

8 Jul 2009
The latest research from Halifax has revealed that house prices fell 0.5% in June, leaving the average price at £157,713.

Interest in overseas property defies credit crunch

8 Jul 2009
Prime Location has revealed 70% of visitors to its website are actively looking to buy an overseas property, despite the current economic uncertainty.

Mortgage choice continues to shrink

7 Jul 2009
Figures from Moneysupermarket show the number of mortgage products available to consumers has slowly been decreasing, with only 2,282 products now available, compared to 5,040 this time last year, and an astonishing 27,962 in July 2007.

Buy to let investors failing to track mortgage options

7 Jul 2009
The latest results from the Young Group show that buy-to-let investors have all but given up hope of a better mortgage deal

Market sentiment shows marked improvement

6 Jul 2009
There has been a marked upturn in the number of property investors returning to the market with the amount of new mortgage cases increasing by 41% since January, according to mortgage broker Mortgages for Business.

Moneysupermarket issues garden insurance warning

6 Jul 2009
Moneysupermarket is urging those sprucing up their gardens and planning al fresco entertaining to ensure their gardens are well protected.

Halifax unveils affordable seaside towns

6 Jul 2009
Whitehaven in Cumbria is the most affordable seaside town based on the average house price to earnings ratio in the first quarter of 2009, according to Halifax.

Moneyextra predicts Bank Base Rate hold

3 Jul 2009
Moneyextra is expecting the Bank of England to maintain the Base Rate at 0.5% in July, but is calling on lenders to get the mortgage market moving again.

Broker fixed rate availability plummets

3 Jul 2009
The latest monthly product analysis from intermediary sourcing system Mortgage Brain shows that the number of fixed rate deals fell by 23% from 1,905 products in May to 1,477 in June.

Auction sales on the rise

2 Jul 2009
The proportion of properties successfully sold at auction soared by nearly two-thirds during the past month, according to Countrywide Property Auctions.

Brokers predicting mortgage upturn

6 Jul 2009
Confidence continues to return to the mortgage intermediary market with brokers expecting a significant upturn in mortgage business in the third quarter of 2009, research from Paragon Mortgages has revealed.

Mouseprice survey identifies cheapest UK streets

3 Jul 2009
The Mouseprice Most Affordable Street Rankings 2009 have revealed that the street with the lowest average property value in England and Wales is Fernhill, CF45, which is located north of Cardiff in Wales and has an average value of £24,640.

Borrowers break repayment record

3 Jul 2009
Homeowners repaid a record amount of their mortgages in the first three months of 2009, figures from the Bank of England have shown.

"Worst of UK house price falls over" : Miles

2 Jul 2009
A Bank of England policymaker and mortgage market expert has told MPs that he believes the worst of the UK house price falls are over.

Property sales reach 15-month high

2 Jul 2009
The latest results from June's Agency Express property activity index show further signs that the residential housing market is on the road to recovery.