European Union agree tighter guidelines for mortgage lenders

European Union agree tighter guidelines for mortgage lendersThe European Union (EU) has agreed to a tighter set of guidelines for mortgage lenders, which after April 2014 will see borrowers having to pass a standard affordability assessment to get a mortgage. Whilst the new directive is designed to prevent a repeat of the runaway lending seen before the credit crunch, it will also contain provisions to make it easier for potential borrowers to shop around the mortgage market, to get the best deal....

Housing & mortgage round up: FSA to clamp down on self-cert and interest-only mortgages

Housing & mortgage round upA big week for housing news and indeed the future of the mortgage market. Firstly this week we look at new FSA proposals to clamp down on the worst excesses of the mortgage industry, then an Interest Only ‘timebomb’ which will affect many older homeowners. Finally, we look at the latest house price figures from the Land Registry, did we see a rise of fall in September? FSA to impose tight new rules on Interest Only and Self Certification ...

Housing & mortgage round up: Mortgage interest rates to fall? Location, location, location

Housing & mortgage round upA rare week of good news for the housing and mortgage market, when we look at the possibility of fixed rate mortgages becoming cheaper, a sharp rise in sales and evidence, if ever it was needed, that location is key to property prices. Mortgage interest rates set to fall? For the second time in a month we are reporting that mortgage interest rates could fall as lender's wholesale funding costs continue to drop....

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 ...