07 - Tuesday 7th February
Lowest Fixed Rate Mortgage is Pulled
The fixed rate mortgage from Norwich & peterborough which offered the customers one of the lowest low rate mortgages has now been pulled following huge demand and over-subscription to the product. The fixed rate mortgage was withdrawn from the market on 6th February 2012, however current appointments and agreements for the low rate mortgage will be honoured by Norwich & Peterborough Building Society.
Other mortgage news on 7th February 2012 includes the island home on Towan Island located on the beach at Newquay, Cornwall has gone up for sale, possibly a once in a life-time opportunity for a cool £1m, offering unadulterated views and an extremely unusual 1930s home, which can only be access via a bridge built specifically for the home.
- Homeowners cut prices to achieve a sale
House sellers are discounting nearly £20,000 off their original asking prices - the biggest discount ever recorded
Tue 7th Feb 2012 2:00pm - Lloyds announces nearly 1,000 job cuts
Bank is closing its Romford, Newcastle and Scunthorpe site, with its Leeds site also impacted.
Tue 7th Feb 2012 2:05pm - Lenders may be forced to cap LTVs, says Osborne
Chancellor George Osborne says the Bank of England’s Financial Policy Committee will have the power to curb high LTVs in order to prevent an unsustainable rise in house prices.
Tue 7th Feb 2012 12:08pm - NAB to carry out strategic review of Clydesdale and Yorkshire
National Australia Bank, the parent company of Clydesdale and Yorkshire Bank is to carry out a review of its UK businesses, as conditions continue to deteriorate in the UK.
Tue 7th Feb 2012 10:22am - Just Retirement sales up 30% year-on-year in Q4
Just Retirement Limited saw a 29.7% year-on-year increase in sales in Q4 2011, the firm has reported.
Tue 7th Feb 2012 9:40am - BM Solutions cuts rates by up to 0.30%
BM Solutions is reducing rates across its buy-to-let range from tomorrow.
Tue 7th Feb 2012 3:49pm - Government ignores TSC warnings over BoE governance
TSC not given veto over future Bank governor appointments.
Tue 7th Feb 2012 9:50am - What next for mortgage rates?
The lowest ever five-year fix homeloan is on offer, but is now the time to get a new mortgage and should you take a fixed or tracker deal? Read our latest analysis
Tue 7th Feb 2012 5:59pm - Best long-term mortgages: Lowest ever ten-year fixed rate mortgage from N&P sells out
What will you be doing in 2022? Most would struggle to think anywhere near that far ahead but a rush of forward-thinkers have opted to fix their mortgage until then.
Tue 7th Feb 2012 5:28pm - Exclusive island home in Cornwall perched on a rock on sale for £1m
The three bedroom house was built on the top of Towan Island on the beach at Newquay, Cornwall, in the 1930s.
Tue 7th Feb 2012 11:34am - N&P pull lowest ever ten-year fixed rate mortgage
The Norwich & Peterborough Building Society has pulled its 3.99% ten-year fixed rate mortgage deal from the market due to massive demand.
Tue 7th Feb 2012 12:25pm - LDC warns rise of online sales spells decline of high street shops
Research by the Local Data Company predicts that online sales, rising unemployment and a lack of consumer confidence will mean more shop vacancies on the UK high street.
Tue 7th Feb 2012 11:29am - Brazil Real Estate Affordability Examined
Perhaps more so over the last year, it has become increasingly acknowledged and accepted by all involved in the Brazilian property sector that a period of cooling off is impending – whether this would be via the early 2012 statements of the country´s leading developers slowing down their launch / operational plans; the inefficiencies of the Minha Casa, Minha Vida programme; issues related to the contraction of labour or a number of other contributory factors. Whilst the question as to if Brazil´s bubble burst will be as impactful as what occurred in Europe and the USA is another debate, it is worth looking a few of latest circulating arguments related to housing accessibility in order to understand the realities.
Tue 7th Feb 2012 11:18am - BoE cap for mortgage loan-to-values to prevent another housing bubble
The Bank of England would be able to vary what mortgages customers can buy to prevent overheating in the housing market.
Tue 7th Feb 2012 3:39pm - Homeowners cut prices to achieve a sale
House sellers are discounting nearly £20,000 off their asking prices in a bid to attract more buyers – the biggest discount ever recorded
Tue 7th Feb 2012 2:00pm - Homeowners cut prices to achieve a sale
House sellers are discounting nearly £20,000 off their asking prices in a bid to attract more buyers – the biggest discount ever recorded
Tue 7th Feb 2012 2:00pm
