Over 200,000 homebuyers in London during 2005 took out an interest-only loan according to the Council of Mortgage Lenders (CML).
Tag: Mortgages
mortgage
Family Finance: Mortgages For Debt Ridden Customers – A Booming Industry
This year the Financial Services Authority revealed the extreme lengths some mortgage brokers will go to in an effort to secure a loan in the sub prime mortgage market.
MoneyExpert: Payment Insurance Poor Value, Confusing And Doubles Credit Costs Says OFT
Payment protection insurance supplied with loans offers poor value, is confusing, and often doubles the cost of borrowing, the Office of Fair Trading (OFT) has found.
MoneyExpert: Interest Rate Increases: Not Out Of Woods Yet Says Bank
Bank of England figures have indicated that a further increase in the base rate of interest before the end of the year is a very real risk.
MoneyExpert: Beat The Rate Rise
Mortgage analysts have been weighing into the extended post-mortem of the increase in the base rate of interest with advice on how mortgage holders can keep their costs down.
MoneyExpert: John Charcol Launches Market-beating Mortgage For £200,000+
Mortgage broker John Charcol has launched a two-year tracker currently charging just 3.99 per cent, designed for people looking for a loan of £200,000 or above.
U.K. Interest Rates Rise
The big news of the day will not make great reading for many homeowners, as the Bank of England has decided to raise interest rates by 0.25%, to 4.75%.
A Good Bottle of Plonk To Pay Off Your Mortgage?
A new product has been launched which invests in fine wines in order to pay off a mortgage.
Mortgages Hit New Record in June
Mortgage lending grew to ever more record-breaking levels over the course of June, hitting a total £20.5 billion, the British Banking Association (BBA) has announced.
1 in 3 Chance of Interest Rate Rise Next Month
A poll by Reuters suggest that there is a 1 in 3 chance of a raise in the interest rates next month.