30 - Monday 30th January
Mortgages up to £100 cheaper than renting
New research published by Halifax shows that mortgages such as first time buyer mortgages and fixed rate mortgages could be up to £100 cheaper than renting.
Rsearch showd that the costs associated with mortgage products including first time buyer mortgages and fixed rate mortgages have fallen by £328 since 2008 as a result of house prices falling and the average monthly mortgage rate droppings from 5.75 percent to 3.63 percent.
Mortgage news for 30th January 2012 provided by external sources including individual mortgage lenders and brokers as well as major banks and building societies. You can use our directory to find a mortgage lender or broker in your location.
- London housing boom masks regional falls
Dismal property sales in the north of England are counterbalanced by a strong London market
Mon 30th Jan 2012 3:32pm - Portillion appointing new CFO
Would-be lender Portillion says it is close to appointing a new chief financial officer, following the resignation of its current CFO David Hill.
Mon 30th Jan 2012 2:25pm - Lloyds launches securitisation
Lloyds Banking Group has launched a securitisation deal, backed by a pool of UK prime residential mortgage loans.
Mon 30th Jan 2012 5:24pm - State Bank of India to launch residential mortgages in August
State Bank of India has confirmed that it will launch a range of residential mortgages in the UK in August.
Mon 30th Jan 2012 12:05pm - Bright Grey pays out 91% of critical illness claims
Bright Grey has revealed that it has paid out 91% of critical illness claims in the last six months of 2011.
Mon 30th Jan 2012 10:48am - Gateway surveyors become associate member of BSA
Gateway surveyors has joined the Building Societies Association as an associate member.
Mon 30th Jan 2012 10:22am - Buying is £100 a month cheaper than renting
Buying a home works out over £100 a month cheaper than renting in the UK, according to research by Halifax.
Mon 30th Jan 2012 10:01am - RBS boss Hester rejects £1m bonus
RBS chief Stephen Hester to waive £1 million bonus.
Mon 30th Jan 2012 10:00am - All talk and no action: Labour peer on Shapps
A Labour peer has hit out at housing minister Grant Shapps, accusing him of using housing policies to grab headlines.
Mon 30th Jan 2012 8:30am - UK house prices fell 1.3% in 2011
Land Registry has shown that house prices fell in the UK at the end of 2011 when compared with the previous year.
Mon 30th Jan 2012 2:16pm - Homeowners advised to pay down mortgage debt rather than save
People with mortgages can save thousands of pounds by overpaying on their mortgage rather than saving money in a low interest savings account.
Mon 30th Jan 2012 9:15am - Jakarta Bottom of the Pyramid Housing Analysis
As one of the largest metropolitan regions in the world, Jakarta is often referred to as a prime example of the impending dangers of urban sprawl and global insecurity with up to 50 percent of the population, according to UN-Habitat, residing in extremely vulnerable kampungs (urban shanties). Yet – at the same time – in a city that has not only widely overlooked the initial effects of the global financial crisis but also witnessed one of the highest paces of growth in the Asia-Pacific region, how is the development of the base of the pyramid housing sector bearing up?
Mon 30th Jan 2012 11:46am - Sterling hits five week high on US Dollar whilst falling on Euro
Those looking to purchase property in Europe will be disappointed to hear that the Pound has fallen back below the 1.20 level on the Euro to a mid-market exchange rate of 1.190. This occurred as news spread last week that that progress was being made in Greek debt-swap talks and a deal is soon to be struck to help prevent a Greek default, boosting confidence in the single currency. Sterling’s fall of 1.23 percent on the Euro throughout the week was also fuelled by the fact that the UK was revealed as being on the brink of recession when GDP figures revealed that the UK economy contracted by 0.2 percent in the last quarter of 2011 rather than showing any signs of growth.
Mon 30th Jan 2012 10:58am - Rightmove & Hometrack: House prices fail to rise for 18 months and buyers eye further falls
Two separate reports have revealed the tough times facing the UK property market, with prices in the doldrums and only a quarter expecting them to be higher in a year.
Mon 30th Jan 2012 10:41am - ASK THE EXPERTS: What¿s our tax bill if we sell second home?
My wife and I bought a flat in 1987 for £20,000 as a second home. We are thinking of selling and it might bring us in about £80,000. How big a tax bill would we face?
Mon 30th Jan 2012 11:30am - Should I use a credit card or spend savings to buy a boiler?
I want to borrow £2,500 to install a new gas boiler. Which is the best way of borrowing the money or should I just take out of my current account?
Mon 30th Jan 2012 10:22am - London housing boom masks regional falls
Dismal property sales in the north of England are counterbalanced by a strong London market
Mon 30th Jan 2012 3:32pm
