Latest News: Mortgages, Property and Finance
NOTE: The news below is syndicated from: This is Money | Finance Markets | Hot Property. Lincolnshire Money is not responsible for the content of the external websites or news feeds shown below.
This is Money | Mortgages & homes
House price trends, property analysis and best-buy mortgage deals- Property slump sees sellers renting out
Homeowners are turning to renting out their homes because they are unable to sell them during the housing market downturn, figures have revealed ... - Stamp duty dithering benefits some buyers
Since Chancellor Alistair Darling hinted he might suspend stamp duty, the paralysed housing market has not been bad for everyone ... - Orders for repossession rise by 25%
Soaring numbers of families face losing their homes after repossession orders jumped by a quarter ... - Future rival site threat to Rightmove
Property website Rightmove saw its share price take a battering after the trade body for estate agents revealed it is launching a rival site ... - Make your money stretch further
As consumer debt grows, the mortgage market tightens and the economy slows, it has never been more important to handle your money well ... - Mortgage hikes in the crunch
A Money Mail investigation shows how Britain's biggest mortgage lenders have used the credit crunch to make more from your home loan ...
Finance Markets: Finance News - UK Personal Financial News & Financial Markets
Finance Market News and Information- US housing starts at 17-year low
Official figures show that the number of homes and apartments being constructed in the US plummeted to the lowest level since March 1991. According to the Commerce Department, the 11% fall to an annual rate of 965,000, the lowest level for over 17 years, followed a 1.084 million rate the previous month. In addition, building permits, [...] ... - Wolseley leads building materials groups lower
European equities markets were lower again Tuesday . In London, the FTSE 100 was down 2.38 percent to 5,320.4 while the FTSE 250 dropped 2.81 percent to 8,867.6. House builders, the related buildings materials sector and the real estate sector were all lower as Wolseley (LSE: WOS) led decliners on the 100 with a drop of 8.62 [...] ... - A&L encourages shareholders to vote for Santander deal
Former building society, Alliance & Leicester (A&L) has sent information to its 564,000 shareholders on the £1.3 billion proposed takeover by Spanish bank, Santander. Roy Brown, acting A&L chairman, is strongly encouraging shareholders to vote for the deal and has warned if the move is rejected by shareholders, the bank would be exposed to the worsening [...] ... - First Direct launches offset base rate tracker
First Direct, part of the HSBC group, has launched a fee-free offset base rate tracker mortgage. Interest remains at 0.99% above base rate for the term of the mortgage (currently 5.99%) and the lender promises an immediate rate change, following a Bank of England announcement. The loan is only available to remortgagers and is linked to a [...] ... - Skipton launches “Stepped” fixed rate loans
Skipton Building Society has launched two five-year fixed-rate mortgages. The products aim to accommodate anticipated changes in financial circumstances as interest rates on the “Stepping up” and “Stepping Down” loans change annually. In the case of Stepping Up, the starting out rate is a low 5.39%, rising to 6.99% by 2013 for borrowers signing up this year. [...] ... - Sterling falls further against dollar
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Hotproperty - Property News
Latest property news from Hotproperty.- Status anxiety hits homeowners
Two in three Brits in their 30s and 40s are now suffering from status anxiety about their homes, according to research from Standard Life Bank. Living in a house that looks good and is located in the best area a ... - Commons vote fails to shake HIPs
MPs have voted down a move by the Conservatives to derail the introduction of home information packs (HIPs) in advance of the 1 June go-live date. HIPs, which are expected to cost the vendor of each home for sale upward ... - Mortgage lending slows
The housing boom could at last be showing signs of a slowdown. Latest figures released from the Bank of England show that mortgage ... - Moving stress costs economy
Recent research has found that over 40 per cent of us feel we are less productive at work when going through the process of purchasing a home. Your Move asked a cross section of purchasers who had just completed the home buying process about their ex ... - House of Lords signals HIPs 'concern'
The latest report of session by the House of Lords Merits of Statutory Instruments Committee on home information packs (HIPs) has called into question ‘whether the HIP Regulations will effectively achieve their policy objective’. ... - Concerns over inheritance tax continue
Gordon Brown’s plans to increase the nil rate threshold on inheritance tax by a minimal amount has raised concerns. In the latest budget, the Chancellor set out his proposals to keep the tax in place until at least 2011 and concerns that ...
Residential Landlord - UK property investment news
The Residential landlord RSS news feed delivers essential and up to date news on all matters relating to investment property, and the UK buy to let market. This feed is aimed at UK based landlords and property investors alike.- Enforced self-regulation will make 'good' landlords better but 'bad' landlords worse
As the third and final part in its series on housing law reform, the Law Commission has announced its proposals for better regulation of the private rented sector. The report, Housing: Encouraging Responsible Letting, follows consultation with both landlords and tenants. It focuses on improving the overall coherence and stability of the current private rental... ... - 'Realism' returns to property market as sellers drop asking prices
The average number of transactions per surveyor fell further in July as a lack of mortgage finance continued to weigh heavily on the market. However, sales expectations have improved, driven by sellers beginning to offer more realistic asking prices says RICS’ UK housing market survey published 12 August... ... - Leeds joins the top five cities for landlords
Leeds has moved into the number four spot in the list of top cities where residential landlords own property says the latest research carried out by BDRC on behalf of a syndicate of buy to let mortgage lenders and brokers. Cambridge was previously listed in the top five with 3 percent of UK landlords owning their rental properties... ... - Landlord became suspicious of 'policeman' who couldn't spell
A prospective tenant who pretended to be a police officer in an attempt to fool a landlord almost ended up in jail. The landlord became suspicious when he visited his Colchester property in July to collect a tenancy agreement from 23-year-old Simon Lucas. He had listed his employers as Essex Police but the landlord noticed there were spelling anomalies. ... - Residential Landlord - In brief
A London mortgage broker has been fined £100,000 and banned from operating after submitting false mortgage applications. Omotayo Fawole of Oasis Mortgage and Financial Services in Woolwich, was found to have obtained a mortgage after submitting an application which significantly overstated the profits of his... ... - CML not surprised by repossession figures
Despite media headlines trumpeting the number of repossessions in the UK, the latest data from the Council of Mortgage Lenders (CML) show no surprises in terms of the number of mortgage arrears and possessions cases in the first half of 2008. While both have increased from their low base as expected, the overwhelming majority of the UK's borrowers... ...