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: Life still tough for first time buyers, whilst mortgage lending falls

Housing & mortgage round upA number of stories this week confirm just how tough life is for would-be first time buyers wanting to get onto the housing ladder. Rents are rising, so too is the number of people getting into arrears and the amount of deposit required to secure a mortgage is simply unaffordable for many; read on to learn more. Also this week, mortgage lending has fallen again, and is now significantly below the levels of this time last ...

Rate of inflation falls again, although a rise may be round the corner

Rate of inflation falls again, although a rise may be round the cornerThe rate of inflation slowed again in September, although some experts are now predicting that last month marks the bottom of the current cycle, and we can expect prices to rise more quickly in months to come. The Consumer Prices Index (CPI) fell to 2.2% in September from 2.5% in August. The CPI measure of inflation is now at its lowest rate since September 2009 and close to the ...