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Scotland: number of mortgages taken out at 16-year low

25 February 2010
According to figures from the Council of Mortgage Lenders (CML), the number of mortgages taken out in Scotland in 2009 was the lowest since records began in 1993, the BBC reports. ... read more »

Mortgage brokers expect increase in business

19 February 2010
According to Paragon Mortgages` `Financial Adviser Confidence Tracker (FACT) Index`, financial advisers expect `mortgage business levels` to increase during the first three-month period of 2010, compared with the final three months of 2009, headlinemoney.co.uk reports.... read more »

Some fixed-rate mortgage rates falling

15 February 2010
Fixed-rate mortgage rates for borrowers with larger deposits are decreasing, according to new statistics from Moneyfacts.... read more »

Fall in mortgage arrears and repossessions

11 February 2010
According to figures from the Council of Mortgage Lenders (CML), mortgage lenders took a total of 10,200 properties into possession during the final quarter of 2009 - 13% lower than in the third quarter of the year. And as the CML puts it, `this figure reflects the number of possessions taken by first charge lenders on both home-owner and buy-to-let mortgages`.... read more »

SVR mortgage borrowers `could benefit from switching`

9 February 2010
Moneysupermarket has advised that hundreds of thousands of borrowers currently paying their lenders` SVR (Standard Variable Rate) could benefit from switching to a new deal, according to YourMortgage.co.uk.... read more »

`Glimmer of hope` for first-time buyers

4 February 2010
Figures from financial information service Moneyfacts revealed that the availability of mortgages is increasing, which - as the BBC reports - is `providing a glimmer of hope for first-time buyers`.... read more »

Mortgage lending from building societies rises

1 February 2010
Gross mortgage lending by building societies increased by 15% in December, compared with the previous month, according to the Building Societies Association (BSA).... read more »

Mortgage approvals `double` in December

28 January 2010
According to figures from the British Bankers` Association (BBA), British banks doubled the number of mortgages they approved in December, compared with the same month a year earlier, The Times reports.... read more »

More homeowners considering fixed-rate mortgages

25 January 2010
Over 880,000 homeowners may be looking to remortgage in the next six months, according to banking group Santander, with an increasing number looking to fixed-rate mortgages in order to beat any forthcoming interest rate rises.... read more »

Popularity of variable-rate mortgages increases

21 January 2010
According to mortgage broker John Charcol, 81% of all mortgages it arranged in December were variable-rate mortgages, the BBC reports.... read more »

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