Housing & Mortgage round up: Mortgage fees on the rise, whilst borrowers are left exposed

Housing & mortgage round up_istockphotoNo house price surveys to report this week, instead we focus on news that mortgage arrangement fees are on the rise, whilst a lack of savings is leaving millions of mortgage borrowers hugely exposed if they lose their job. We also bring you research which goes someway to dispel the myth that first time buyers rely on the bank of mum and dad for their mortgage deposit. Mortgage fees on the rise Despite interest ...

Savings: Interest rates continue to plummet

UK Savers are being hit by a wave of interest rate cuts, caused partly by a new scheme to encourage banks to lend to mortgage borrowers and small businesses. The interest rate cuts, of up to a tenth over the past month, have hit all types of savings accounts, including fixed rate cash ISAs, SIPP deposit accounts, and deposit accounts for businesses. Our advisers can help you get your savings working harder for you...

Housing & mortgage round up: Mortgage lending falls, whilst lenders call for ban on Interest Only mortgage

Housing & mortgage round upMortgage approvals fell significantly last month whilst some lenders call for a ban on Interest Only mortgages. At the same time there are signs of life in the government’s NewBuy mortgage scheme. Mortgage lending falls 19% in April Latest figures show that £10 billion was lent to mortgage borrowers in April, higher than the same time last year but down 19% on March....

Housing & Mortgage Round up: Halifax report sharp fall in house prices as Buy to Let booms

Housing & mortgage round upAnother busy week in the housing and mortgage market. The Halifax has reported that house prices fell sharply last month, echoing surveys last week from the Nationwide and Land Registry. However it seems that repossessions have stabilised, at least for the time being and the Buy to Let sector is booming. House prices fall sharply Are you ...