http://www.teame13.org Mortgage News - UK & International Sun, 07 Mar 2010 14:30:05 +0000 http://backend.userland.com/rss092 en The UK housing market looks set to get a major shake up soon with the launch of a cheap online estate agency service with the backing of the Tesco supermarket group.  Spicerhaart, an estate agency in Bristol, is launching the new website iSold.com, initially aimed at sellers and buyers only in ... http://www.teame13.org/mortgage-news/online-only-estate-agents-are-coming-to-the-uk/ There was a low start to the year for the UK mortgage market as a sharp drop in mortgage approvals in January demonstrates.  The Bank of England has said that the number of home loans approved for house purchases in January fell by 17% compared with December. The 48,198 approvals was ... http://www.teame13.org/mortgage-news/a-slow-start-to-2010-but-dont-worry-just-yet/ Stats are beginning to emerge that show the aggregate picture of house prices during 2009, and they are not quite as bad as was once feared but also not as strong as some had predicted.  In total, house prices in the UK rose by 2.9% last year according to the latest ... http://www.teame13.org/mortgage-news/29-house-price-rise-during-2009/ The UK government was at its remote, out of touch and patronising worst this week when its representative, the Minister for Housing John Healey, was quoted on the BBC claiming that, ‘for some people, having their home repossessed can be the best option.’  The latest figures from the Council of Mortgage ... http://www.teame13.org/mortgage-news/callous-minister-makes-light-of-home-repossession/ The good news just couldn’t last. After several weeks of positive news from the UK mortgage market a warning has been issued this week that the future health of the market is in jeopardy.  The warning came as mortgage providers pointed to a £300bn shortfall in the amount they will be ... http://www.teame13.org/mortgage-news/a-mortgage-freeze-in-2014/ The UK unemployment figures surprised everyone last week, and this week it is the turn of Mortgage figures. Mortgage lending has been described as “surprisingly strong” in December, confounding fears to the contrary.  The Council of Mortgage Lenders (CML) said UK mortgage lending increased by 14% in December compared with November, ... http://www.teame13.org/mortgage-news/pressure-eases-in-the-uk-mortgage-market/ The Halifax has released a new report this week which suggests that houses are less affordable than 50 years ago, but the quality of the homes available has improved.  The lender, now owned by Lloyds Banking Group, said that over the last five decades UK house prices have risen by 2.7% ... http://www.teame13.org/mortgage-news/tracking-long-term-changes-in-the-uk-housing-market/ A new survey has resulted in shock among many UK debt charities and financial advisers as it seems to show a massive increase in irresponsible financial behaviour.   Specifically, the study for the Housing charity Shelter suggests that up to one million households have borrowed money on a credit card to ... http://www.teame13.org/mortgage-news/using-credit-cards-to-cover-mortgage-payments-is-a-really-bad-idea/ An interesting report out this week from the Royal Institute for Chartered Surveyors (Rics) suggests that house prices are still being driven up by a relative shortage of properties for sale.  Its latest monthly survey, for November, suggests that prices have risen for the fourth month in a row.  The number of ... http://www.teame13.org/mortgage-news/uk-house-prices-rising/ The number of mortgages granted to house buyers hit a 22-month high in October, according to the Council of Mortgage Lenders (CML). It said 55,300 mortgages were granted to buyers, the highest number since December 2007.   This was a 9% increase from September and up 43% from October last year. ... http://www.teame13.org/mortgage-news/mortgage-lending-rises-again/