More housing bubble fears as interest only mortgages return

iStock_000018295400_ExtraSmallHousing bubble fears were further increased earlier this week, as two banks have announced the return of interest-only mortgages. The announcements come just a year after the Financial Services Authority (FSA) branded these mortgages a “ticking time bomb,” with many borrowers having no way of repaying the debt at the end of the term. The two banks in question, Clydesdale and Yorkshire, have confirmed they will introduce a new product, which will allow borrowers to repay only interest for the first three years ...

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....