Mortgages

Small increase in the availability of credit in Q2

Rise in available credit may lead to growth in higher LTVs

Story by: Catherine Couch, FinancialAdviser

A modest expansion in the number of higher loan-to-value (LTV) mortgages is expected in coming months, according to the Council of Mortgage Lenders (CML).

  • Time published: 12.49
  • Date published: 02.07.2009
  • Published in: Mortgages

Nine out of ten borrowers are fixing rates - L&G

Almost 90 per cent of borrowers are now fixing their mortgage rate, according to Legal & General.

  • Date published: 02.07.2009

EU sees unfair Rock break-up

Northern Rock could be in breach of European Commission state aid rules if it goes ahead with its plans to split the bank into two parts, according to documents published last week.

  • Date published: 02.07.2009

Lenders play it safe by sticking to low LTVs

Credit rating agencies and the FSA's stress-tests are putting lenders off offering high loan-to-value mortgages, according to the Building Societies Association.

  • Date published: 02.07.2009

Northern Rock requires further £3bn to shore up finances

Northern Rock has revealed that it requires another £3bn to shore up the troubled bank's finances.

  • Date published: 01.07.2009

Sir Win Bischoff tipped to become chairman of Lloyds

Sir Win Bischoff, the former chairman of Citigroup, has been tipped to become the next chairman of Lloyds Banking Group.

  • Date published: 01.07.2009

Tesco emerges as potential bidder for Northern Rock

Tesco has emerged as a potential bidder for Northern Rock, after further details of how the troubled lender is to be split into two emerged late last week.

  • Date published: 01.07.2009

Sale and rent back regulation comes into force

Interim regulation of the sale and rent back market came into force today (1 July), with the industry quick to welcome the initiative.

  • Date published: 01.07.2009

Higher LTVs will return slowly, IMLA tells Treasury committee

Higher loan-to-value (LTV) mortgages will come back slowly, according to the Intermediary Mortgage Lenders Association (IMLA).

  • Date published: 30.06.2009

Lloyds to cut another 2,100 staff

Lloyds Banking Group has announced that it is to cut a further 2,100 jobs over the next three years.

  • Date published: 30.06.2009

Mortgage rescue scheme has only helped six households

The government's 'Mortgage Rescue Scheme' has been slammed by the Liberal Democrats for merely deferring the problem of repossession and not solving it, as only six households have so far been helped by the programme.

  • Date published: 30.06.2009

Feature

Logic has no brakes for sentiment

What an interesting time we are living through. It is the bottom, is it not? Well for the average mortgage adviser, it is probably going to be a more interesting end to the year than last year, if the last few months are anything to go by.

  • Time published: 00.01
  • Date published: 25.06.2009
  • Published in: Mortgages

Advertising

Feature

Long kiss goodnight

The chronicles of C&G show how the demise of a respectable institution came to be

  • Time published: 00.01
  • Date published: 25.06.2009
  • Published in: Mortgages

Feature

Secret societies?

Building societies like to promote their mutual status as a benefit, but many have been forced into mergers in recent months. Joe McGrath asks how strong they really are and considers where the next casualty may come from.

  • Time published: 00.01
  • Date published: 01.07.2009
  • Published in: Mortgages

Feature

A dead cert?

Specialist products such as self certified and fast tracked mortgages have been identified as villains. Laverne Hadaway wonders if there is any future for that sector of the market?

  • Time published: 00.01
  • Date published: 01.07.2009
  • Published in: Mortgages

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