Buy to let mortgages increased by 84,000 in 2011, according to the Council of Mortgage Lenders
Buy to let mortgages increased by 84,000 in 2011 - Buy-to-let lending continues to perform well. Demand for rented property remains high, so the rationale for buy-to-let remains strong, and there is little reason to foresee any change to this positive outlook for the sector.
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Cheaper Mortgages Provide Window of Opportunity
Cheaper Mortgages Provide Window of Opportunity - The multi award winning Mortgage & Insurance Bureau has reported a strong start to 2012 in terms of enquiries, which they believe is at least partly due to the fact that homeowners are enjoying the cheapest mortgages on record, thanks to historically low interest rates.
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Bank of England may cap Loan To Values
Bank of England may cap Loan To Values - Banks and mutual lenders could be barred from offering high loan to value mortgages available to borrowers to prevent another credit crisis.
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Repossessions lowest since 2007, says CML
Repossessions lowest since 2007 say CML - A total of 36,200 homes were repossessed in 2011 - the lowest annual total since 2007, mortgage lenders have said.
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FTB affordability at 8 year high
FTB affordability at 8 year high - Affordability for first-time buyers was at its most favourable level at the end of 2011 since 2003, according to the latest annual Halifax First-Time Buyer Review.
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Market positive on Buy to Let lending for 2012
Market positive on Buy to Let lending for 2012 - More than half of intermediaries expect to do more buy-to-let mortgage business in 2012 than they did last year, Paragon Mortgages claims.
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Low cost mortgages – make sure you get all the facts
Low cost mortgages – make sure you get all the facts - Mortgage lenders have been cutting mortgage rates in recent weeks but borrowers should watch out for the extra costs attached to any schemes on offer.
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Young people are saving to buy
Young people are saving to buy - Figures from Nationwide show that 34% of younger workers aged between 18 and 34 are saving for a deposit to allow them to move home or take their first steps onto the property ladder.
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First Time Buyer affordability hits 4 year high
Affordability for first-time buyers has reached a four year high with borrowers needing £2,371 less to buy in October 2011 than they needed the month before.
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Most homeowners ignore benefits of remortgaging
Around 58% of homeowners have never changed their mortgage outside of moving house according to research from Barclays.
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Number of Buy to let mortgage products doubles
The number of buy-to-let products available has more than doubled since 2008 from 237 to 483 reveals research by Defaqto.
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Mortgage rates hit record low
A report by Countrywide showed that the average interest rate of purchase and remortgages has fallen to 3.71% in September 2011, the lowest rate since September 2008.
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The Mortgage & Insurance Bureau (TMIB) win top award
The Mortgage & Insurance Bureau (TMIB) recently scooped the Best Newcomer Award at the Mortgage Intelligence annual awards.
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