BoE expects mortgage approvals to rise in 2013

A rise in the number of mortgage approvals could be the next stage in the Funding for Lending Scheme, the Bank of England has suggested

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2232703/boe-expects-mortgage-approvals-to-rise-in-2013?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=BoE%20expects%20mortgage%20approvals%20to%20rise%20in%202013&utm_campaign=18%2F12%2F12%20FLS%20story%2011.09&utm_source=Daily&utm_medium=Email

Home ownership slumps 4% - Census

Just one third of households in England and Wales have a mortgage as more people move into the private rental sector, census data has revealed.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2231605/home-ownership-slumps-4-census?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Home%20ownership%20slumps%204%25%20-%20Census&utm_campaign=12%2F12%2F12%2014.51%202012%20Dom%20PR%2C%20Census&utm_source=Daily&utm_medium=Email

Brokers will have another four years or more to wait for the housing market to reach “a new normal” while levels of lending and home building may take until 2020 to recover, Legal & General has predicted.

The study, carried out by Cebr, estimated by 2017 the average UK house price would be £254,000, or 11.9% higher than the Q3 2007 peak of £227,000 and 17% higher than 2012.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2230151/housing-market-will-recover-by-2017?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Housing%20market%20will%20recover%20by%202017%20-%20L%26G&utm_campaign=06%20December%202012%2011.42%20housing%20market%20L%26G&utm_source=Daily&utm_medium=Email

NatWest Intermediary Solutions is to cut rates across its mortgage product range, including a new range of fee-free 50% LTV mortgages.

The lender is making over a dozen rate reductions and introducing a number of new fee-free products ahead of Christmas for its main bank and Core ranges tomorrow.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2229461/natwest-slashes-rates-across-range?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=NatWest%20slashes%20rates%20across%20range&utm_campaign=04%20December%202012%2015%3A46%20Natwest%20exclusive&utm_source=Daily&utm_medium=Email

Abbey to open up more mortgages to 90% LTV

The lender will introduce a three-year fixed rate product for first-time buyers at 4.79%, available up to 90% with no fees.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2228414/abbey-to-open-more-products-to-90-ltv?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Abbey%20to%20open%20up%20more%20mortgages%20to%2090%25%20LTV&utm_campaign=29%2F11%2F12%2013.02%20Abbey%2C%20BoE%2C%20Statement&utm_source=Daily&utm_medium=Email

Accord launches 10-day fixed rate sale

With fees of £996, the 70% LTV two-year fix is offered at 2.59%; the three-year at 2.79% and the five-year fixed rate mortgage at 3.09% from today.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2227731/accord-launches-10day-fixed-rate-sale?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Accord%20launches%2010-day%20fixed%20rate%20sale&utm_campaign=27%20November%2014%3A51%20accord%20product%20sale&utm_source=Daily&utm_medium=Email

NatWest and RBS withdraw interest-only range

RBS had stopped non-advised customers taking out interest-only policies in October, with the bank now claiming that interest-only mortgages were a 'declining part' of its overall mortgage book.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2227414/natwest-and-rbs-withdraw-interestonly-range?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=NatWest%20and%20RBS%20withdraw%20interest-only%20range&utm_campaign=26%2F11%2F12%2017.19%20Mega%20mail%20out&utm_source=Daily&utm_medium=Email

Great Fixed Rate

For a limited time (5 days only) Santader will do a 1.99% fixed rate for 2 years. 
£1495.00 application fee that can be added to the loan
60% Loan to value only

Only brokers can do this for you so, call us on 01698 283301

Abbey relaxes interest-only and BTL lending policy

Abbey for Intermediaries is to open up its interest-only mortgage policy by offering part interest-only and part repayment loans up to 75% LTV, available from tomorrow.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2226020/abbey-relaxes-interestonly-and-btl-lending-policy?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Abbey%20relaxes%20interest-only%20and%20BTL%20lending%20policy&utm_campaign=20%2F11%2F12%2012.12%20Abbey%2C%20Capricorn&utm_source=Daily&utm_medium=Email

'Broadly stable' housing market with positive signs for 2013

According to Rightmove, this month sees a drop of 2.6% (-£6,407) in the asking prices of properties coming to market, following the now familiar post-credit-crunch pattern of falls in November.

http://www.financialreporter.co.uk/view.asp?ID=11405&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=282138-BREAKER+1+19th+nov

Home lending down in September despite quarterly rise

While house purchase lending in the third quarter showed a 13% rise, monthly lending has not followed an even path during the quarter.

http://www.financialreporter.co.uk/view.asp?ID=11354&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=281530-breaker+1+12th+nov

1.5m mortgage applications rejected in just 5 years

Research from new financial services company Castle Trust shows that 1.57 million mortgage applications - worth £227bn - were rejected in the past five years.

http://www.financialreporter.co.uk/view.asp?ID=11305&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=281010-morning+round+up+6th+nov

Banks 'in denial' over PPI, say Which

Which? have criticised banks over the PPI scandal, saying that they have been 'in denial' about the true costs needed to redress customers.

http://www.financialreporter.co.uk/view.asp?ID=11286&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=280833-breaker+3+1st+nov

Lloyds reports £583m loss after extra £1bn PPI provision

Lloyds Banking Group has set aside an extra £1bn to cover costs relating to PPI mis-selling and has announced a £583m loss for the first nine months of the year.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2221575/lloyds-reports-gbp583m-loss-after-extra-gbp1bn-ppi-provision?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Lloyds%20reports%20%C2%A3583m%20loss%20after%20extra%20%C2%A31bn%20PPI%20provision&utm_campaign=10%3A52%201%20Nov%202012%20Lloyds%20figures&utm_source=Daily&utm_medium=Email

Lloyds reports £583m loss after extra £1bn PPI provision

Lloyds Banking Group has set aside an extra £1bn to cover costs relating to PPI mis-selling and has announced a £583m loss for the first nine months of the year.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2221575/lloyds-reports-gbp583m-loss-after-extra-gbp1bn-ppi-provision?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Lloyds%20reports%20%C2%A3583m%20loss%20after%20extra%20%C2%A31bn%20PPI%20provision&utm_campaign=10%3A52%201%20Nov%202012%20Lloyds%20figures&utm_source=Daily&utm_medium=Email

Most interest-only borrowers count on rising value to repay debt

Fifty-eight per cent of interest-only borrowers believe house prices will rise enough for their debt to no longer be a problem at the end of the mortgage term, research from financial outsourcer HML has shown.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2221624/over-half-of-interestonly-borrowers-count-on-property-value-rise?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Most%20interest-only%20borrowers%20count%20on%20rising%20value%20to%20repay%20debt&utm_campaign=12%3A46%2001%20November%202012%20i-only%20repayment&utm_source=Daily&utm_medium=Email

Santander’s mortgage market share falls 5.5%

If you read the artical what NOT is being said is that this lender has also been very strick on income

Santander UK, the second-largest mortgage lender in the UK, today revealed that its share of the mortgage market has contracted from 16.3% in 2011 to 10.8% this year, its quarterly management statement has revealed.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2220005/santander-s-mortgage-market-share-falls-55?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Santander%E2%80%99s%20mortgage%20market%20share%20falls%205.5%25&utm_campaign=16%3A32%2025%20Oct%20Santander%27s%20mshare%20falls%205.5%25&utm_source=Daily&utm_medium=Email

Tesco offers 1.99% fix; poised to lend £1bn at "affordable" rate

Just launched mortgage lender Tesco Bank is offering its lowest ever deal with a two-year fixed rate at 1.99% for 60% Loan to Value borrowers.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2218477/tesco-offers-199-fix-bank-promises-to-lend-gbp1bn-at-affordable-rate?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Tesco%20offers%201.99%25%20fix%3B%20bank%20promises%20to%20lend%20%C2%A31bn%20at%20%22affordable%22%20rate&utm_campaign=10%3A48%2019%20October%20-%20Tesco%201.99%25%20deal&utm_source=Daily&utm_medium=Email

CML hits back at BBC investigation into ‘large mortgage fees’

The Council of Mortgage Lenders (CML) responded today ahead of tonight’s BBC Watchdog programme looking at lenders “squeezing” homebuyers with “large mortgage arrangement fees.”

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2218003/cml-hits-back-at-bbc-investigation-into-large-mortgage-fees?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=CML%20hits%20back%20at%20BBC%20investigation%20into%20%E2%80%98large%20mortgage%20fees%E2%80%99&utm_campaign=17%3A22%2017%20October%202012%20CML%20HITS%20BACK%20ON%20FEES&utm_source=Daily&utm_medium=Email

What is NOT being said is the fact that BANK FEES have climb exponentially over the last 5-7 years. I know that this is common practice and no lender is doing anything different so, the consumer is left with 2 choices 1) pay the fee or 2) don't take the mortgage and not move.  Not much of a choice 

Virgin Money linked to RBS branch sale deal

Virgin Money has made "informal" contact with Royal Bank of Scotland (RBS) over the sale of 316 of its branches, after the original deal with Santander collapsed.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2216966/virgin-money-linked-to-rbs-branch-sale-deal?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Virgin%20Money%20linked%20to%20RBS%20branch%20sale%20deal&utm_campaign=08.49%2C%2015.10.12%2C%20Virgin%20Money%20eyes%20RBS%20branches&utm_source=Daily&utm_medium=Email

Tesco Bank expands mortgage range

Tesco Bank has expanded its mortgage range introducing 60% LTV fixed rate mortgages for two and five years. It's a good interest rate but the fee is eye watering.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2215632/tesco-bank-expands-mortgage-range?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Tesco%20Bank%20expands%20mortgage%20range&utm_campaign=10.57%2C%2009.10.12%2C%20Barclays%20buys%20ING%20Direct%20%2F%20tesco&utm_source=Daily&utm_medium=Email

Nationwide first big lender to kill off interest-only

Brokers have received a Nationwide update alerting them that the lender will no longer offer interest-only mortgages to new or additional borrowers.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2214776/nationwide-first-lender-to-kill-off-interestonly?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Nationwide%20first%20lender%20to%20kill%20off%20interest-only&utm_campaign=15.30%2C%2004.10.12%2C%20Nationwide%20pulls%20interest-only&utm_source=Daily&utm_medium=Email

Eyes turn to November action as BoE holds rates again

The Bank of England has held interest rates at 0.5% for the 42nd consecutive month.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2214686/eyes-turn-to-november-action-as-boe-holds-rates-again?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Eyes%20turn%20to%20November%20action%20as%20BoE%20holds%20rates%20again&utm_campaign=12.13%2C%2004.10.12%2C%20base%20rate%20decision&utm_source=Daily&utm_medium=Email

Lack of first-time buyer mortgages costs economy £34bn

The lack of mortgage lending to first-time buyers is causing a ripple effect across the whole UK economy, according to a study published today.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2211518/lack-of-firsttime-buyer-loans-costs-economy-gbp34bn?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Lack%20of%20first-time%20buyer%20mortgages%20costs%20economy%20%C2%A334bn&utm_campaign=28%2F09%2F12%2009.28%20FTB%2034bn%2C%20Libor&utm_source=Daily&utm_medium=Email 

BBA: August gross mortgage lending remains flat at £6.9bn

Gross mortgage lending stood at £6.9bn in August, down on the £7.1bn recorded in July, reported the British Banking Association (BBA).

http://www.blogger.com/blogger.g?blogID=5125366095377127582#editor/target=post;postID=640544983232267979

SVR hikes could spark remortgage rush – L&G

With a number of big lenders increasing Standard Variable Rates, the market could be set for an uptick in remortgage business, Legal & General has said.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2200497/svr-hikes-could-spark-remortgage-rush-l-g?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=SVR%20hikes%20could%20spark%20remortgage%20rush%20%E2%80%93%20L%26G&utm_campaign=10.27%2023%20August%202012%20svr%20hikes%20remo%20tsunami&utm_source=Daily&utm_medium=Email

Peer criticises Westminster's acceptance of RDR commission ban

Lord Flight garnered a mixture of praise and criticism over the past few days after penning a letter to the Financial Times predicting the RDR reforms will lead to only the rich being able to afford advice.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2200158/peer-criticises-westminsters-acceptance-of-rdr-commission-ban?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Peer%20criticises%20Westminster%27s%20acceptance%20of%20RDR%20commission%20ban&utm_campaign=16.50%2C%2021.08.2012%2C%20RDR%20commission%20ban&utm_source=Daily&utm_medium=Email

Investigating the true cost of ‘free’ banking

With some consumers paying up to £900 in bank charges and others missing out on lost interest, Which? research shatters the myth of ‘free’ banking.

http://myintroducer.com/view.asp?ID=10703&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=274989-TDA+Breaking+21%2F08

Lloyds pledges £5bn mortgage lending to FTBs in 2012

Lloyds Banking Group has pledged to lend £5bn to first-time buyers before the end of 2012 across all its mortgage brands – the largest commitment made by a lender to help that sector.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2195202/lloyds-pledges-gbp5bn-mortgage-lending-to-ftbs-in-2012?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Lloyds%20pledges%20%C2%A35bn%20mortgage%20lending%20to%20FTBs%20in%202012&utm_campaign=30%20July%202012%20Lloyds%20promises%20%C2%A35bn%20more%20lending&utm_source=Daily&utm_medium=Email

Skipton reprices 10-year fixed rate following high demand

The Society will launch a follow on product up to 75% LTV, at a rate of 4.79%. The product includes an application fee of £195 and a completion fee of £800.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2195020/skipton-reprices-10year-fixed-rate-following-high-demand?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Skipton%20reprices%2010-year%20fixed%20rate%20following%20high%20demand&utm_campaign=27%2F07%2F12%2016.55%20Skipton%2C%20Halifax%2C%20Abbey%2C%20round-ups&utm_source=Daily&utm_medium=Email

Residential property transactions have halved since 2006

Figures released by Her Majesty's Revenue and Customers (HMRC) show the number of transactions has fallen by 80,000, from a high of 150,000 in December 2006, to its current level.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2189325/residential-property-transactions-halved-2006?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Residential%20property%20transactions%20have%20halved%20since%202006&utm_campaign=04%2F07%2F12%2016.55%20Transactions%2C%20Barclays%2C%20Mansfield&utm_source=Daily&utm_medium=Email 

Scottish house prices lower despite bounce

House prices in Glasgow and west central Scotland are higher now than they were at the start of the year, but remain 2.4 per cent lower than they were at this point last year.

http://www.myintroducer.com/view.asp?ID=10383&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=272004-Daily+Roundup+6th+July

Lenders get tough on repossessions

An increasing number of borrowers are struggling to fight off repossession as lenders begin tighten their belts, according to a report by Revival Repossession Solutions.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2188068/lenders-tough-repossessions?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Lenders%20get%20tough%20on%20repossessions&utm_campaign=29%2F06%2F12%2010%3A24%20When%20the%20going%20gets%20tough...&utm_source=Daily&utm_medium=Email

1 in 5 Britons have no savings

11 million adults (22 per cent) in the UK have absolutely no money deposited in savings, according to new research from Santander Savings.

http://www.myintroducer.com/view.asp?ID=10300&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=270907-Norton+Breaking+25+June+2012

BoE stimulus package predicted to bolster mortgage lending

The Chancellor’s “funding for lending” scheme, which could support up to £80bn of new loans for the mortgage market and businesses, could bolster gross lending up to £140bn this year, beyond current expectations, said a broker.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2184689/boe-stimulus-package-predicted-bolster-mortgage-lending?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=BoE%20stimulus%20package%20predicted%20to%20bolster%20mortgage%20lending&utm_campaign=15%2F06%2F12%20friday%20stories&utm_source=Daily&utm_medium=Email

Clients don't believe in income protection

Research by Defaqto has found that 60% of advisers believe income protection is difficult to sell because clients don't think they need it.

http://www.myintroducer.com/view.asp?ID=10212&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=269980-TDA+Breaking+12june12+2

Virgin Money reduces buy to let mortgage rates

The new range, which features residential and Buy to Let products for both purchase and remortgage customers, is available from Tuesday, 29 May 2012.

http://www.myintroducer.com/view.asp?ID=10102&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=268883-TDA+Breaking+29MAY+12

NatWest cuts fixed and tracker mortgage rates

Core range
• 2 year fixed rate, 60% LTV, purchase mortgage will decrease to 3.49% from 3.59%
• 2 year fixed rate, 60% LTV, remortgage will decrease to 3.55% from 3.65%
• 2 year fixed rate, 75% LTV, purchase mortgage will decrease to 3.79% from 3.89%
• 2 year fixed rate, 75% LTV, remortgage will decrease to 3.85% from 3.95%
• 2 year fixed rate, 75% LTV, purchase & remortgage will decrease to 3.99% from 4.09%, £499 fee limited to £100,000 loan

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2179812/natwest-expands-core-range?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=NatWest%20cuts%20fixed%20and%20tracker%20mortgage%20rates&utm_campaign=25%2F05%2F12%20NatWest%2C%20QE%2C%20Grexit&utm_source=Daily&utm_medium=Email

FTB's suffer as banks raise deposit requirements

Mortgage approvals for first time buyers fell to their lowest level for 9 months in April as banks scaled back their lending to borrowers with small deposits, according to the April Mortgage Monitor from e.surv chartered surveyors.

http://www.myintroducer.com/view.asp?ID=9960&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=267666-TDA+Breaking+11MAY+12

Mortgage customers face £300 million bill

Three quarters of mortgage-holders told us that they would be affected if their repayments increased by £50 a month, with 41% saying they would need to cut back on regular spending, 20% would need to reducing savings and 11% would not have enough for essentials.
http://www.myintroducer.com/view.asp?ID=9869

UK re-enters recession

The double-dip follows a 0.3% decline in GDP in the final three months of 2011.

http://www.myintroducer.com/view.asp?ID=9824

Rates plummet for long-term fixed mortgages

Average 5 year fixed rate:     

Today: 4.86%  
Six months ago: 4.89%  
April 2011: 5.59%  
April 2010: 5.87%  

5 year swap rate:

Today: 1.70%
Six months ago: 2.99%
April 2011: 2.99%
April 2010: 2.83%

http://www.myintroducer.com/view.asp?ID=9801

Watch Out!!!!!

If you use a price comparson website like Moneysupermarket, go compare, compare the market etc
You COULD be hurting your credit rating as this will leave a soft foot print on your credit report and lower your score.

Be very careful. 

What can be done to help "mortgage prisoners"?

A number of commentators have argued that consumers may be disadvantaged because their choices may be restricted, either because they do not have enough equity in their homes to meet tighter lending criteria or because they are affected by proposals that will make it more difficult to take out an interest-only mortgage.

http://www.myintroducer.com/view.asp?ID=9760&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=266113-Loan+Engine+Breaking+19+APR

Landlords struggling with tightening interest-only mortgage market

David Lawrenson a landlord and property commentator told Mortgage Solutions that in one case, he was turned down by a lender who had previously given him a mortgage, despite producing around seventy documents as evidence of his financial credibility.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2168318/landlords-hit-tightening-mortgage-market?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Landlords%20struggling%20with%20tightening%20interest-only%20mortgage%20market&utm_campaign=18%20April%202012%2009%3A09%20lanlords%20struggling%20with%20i-onl&utm_source=Daily&utm_medium=Email

UK adults unable to move home due to financial constraints

When participants were asked about their reasons for not moving home, 62% claimed they were happy where they live, 21% were unable to afford a deposit, 16% cannot afford mortgage repayments, 16% list moving costs and fees (e.g. stamp duty) as a barrier to moving and 12% cited job insecurity as a concern.

http://www.myintroducer.com/view.asp?ID=9710&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=265841-norton+Breaking+16april2012

Should borrowers rejoice?

Borrowers affected by an increase to their SVR should review their repayments and consider shopping around for the best deal rather than assume it will come from their current lender.

http://www.myintroducer.com/view.asp?ID=9624&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=265021-norton+Breaking+3april2012

15m Brits taking a risk with no protection cover

Three in ten of UK adults are uninsured against events such as death, critical illness and redundancy, report Unbiased.co.uk. VERY DANGEROUS !!!!!!!

http://www.myintroducer.com/view.asp?ID=9647&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=265178-norton+Breaking+4april2012

RBS restricts interest-only criteria; NatWest reintroduces interest-only option

The Royal Bank of Scotland (RBS) is to restrict its interest-only lending to borrowers with a minimum income of £50,000 and who have banked with it for a minimum of three months.

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2163943/rbs-restricts-criteria?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=RBS%20restricts%20interest-only%20criteria%3B%20NatWest%20reintroduces%20interest-only%20deals&utm_campaign=14.02%2C%2027.03.2012%2C%20RBS%20restricts%20interest-only&utm_source=Daily&utm_medium=Email

Exclusive: No more interest-only changes on way - major lenders

At least some Banks and Building Societies are looking at this with some sensibility.
http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2163190/-changes-lenders?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Exclusive%3A%20No%20more%20interest-only%20changes%20on%20way%20-%20major%20lenders&utm_campaign=13%3A13%2023%20March%202012%20i-only%20exclusive&utm_source=Daily&utm_medium=Email

Apple breaking into banking sector poses serious threat to high street

This could be the best shake up to the lenders todate.  http://www.myintroducer.com/view.asp?ID=9489&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=263887-norton+Breaking+20mar2012

Stringent lending could enhance risks to consumers - FSA

I say DAAAAAAAAA! to the FSA.  What did they think was going to happen.  People are going to rent forever. http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2159206/stringent-lending-enhance-risks-consumers-fsa?wt.mc_ev=click&WT.tsrc=Email&utm_term=&utm_content=Stringent%20lending%20could%20enhance%20risks%20to%20consumers%20-%20FSA&utm_campaign=08.15%2C%2014.03.2012%2C%20FSA%20stories%20and%20SimplyBiz&utm_source=Daily&utm_medium=Email

House prices fall in Scotland for 4th successive month

This is not going to get better untill the lenders start the business of LENDING. BANKS!!!!! AREYOU LISTENING???????? http://www.myintroducer.com/view.asp?ID=9433&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=263449-Masthaven+Breaking+14mar2012+

Clydesdale and Yorkshire Banks increase SVR

Here are two more banks raising there rates.  WATCH OUT!!!! you could be next.
http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2158391/clydesdale-yorkshire-banks-increase-svr?utm_term=&utm_content=Clydesdale%20and%20Yorkshire%20Banks%20increase%20SVR&utm_campaign=1.30pm%209%20March%202012%20Cly%20and%20York%20SVR&utm_source=Daily&utm_medium=Email

BoE holds base rate at 0.5%

REMEMBER.  The major lenders are raising there on rate so, you mortgage payments could be effected
http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2158045/bank-holds-rate-05

Cable calls for RBS break up

Sound advice BUT will BENEFITS BRITIAN LISTEN?????????????
http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2157631/cable-calls-rbs-break

Building Societies will fill lending gap left by big banks - brokers

This is true as in practice Scottish Building Society is saying "YES" when the major banks say "NO NO NO"
http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2156529/mutuals-lending-gap-left-banks-brokers

No UK rate rise until late 2014 - economist

This is not unexspected.  http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2156424/uk-rate-rise-late-2014-economist

Britons resigned to long-term renting

IS THE BRITISH DREAM DEAD??????  http://www.myintroducer.com/view.asp?ID=9253&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=261892-Masthaven+Breaking+27FEB2012

RBS report £2bn loss amid bonus row

I think I should have worked for the bank.  http://www.myintroducer.com/view.asp?ID=9237&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=261773-Morning+Roundup+23FEB2012

Lloyds and RBS losses demonstrate need to overhaul bonus system

http://www.myintroducer.com/view.asp?ID=9228&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=261581-norton+Breaking+22FEB2012

WHAT government should have done was let these banks go to the wall.  Once and for all the lesson would be taught "Deal irresponsibly with your business and you end up bankrupt" If that had happen we would not need government to, TRY and will FAIL, sort out undeserved bonus packages.

Home ownership at lowest levels since 1980s

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2153668/home-ownership-lowest-levels-1980s   Seems that the trend is moving towards renting a property.  Bank need to let loose of some money or the British dream "Owning your own Home" could die.

Cameron and Shapps accused of lying about falling rents

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2153297/cameron-shapps-accused-lying-falling-rents
Show me a politician that open there month and I will show you a LIER

UK inflation rate falls to 3.6%

http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2152246/uk-inflation-rate-falls-36

If you can believe it.  The government no longer includes VAT into the figures.  WHY????  Because government does not want to report that inflation is going up.  Shows them even more incapable. 

FTBs failing to take up record number of 95% LTV deals

http://www.myintroducer.com/view.asp?ID=9130&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=260636-Norton+Breaking+13%2F02%2F12
 I think the reason why these deal are not being taken up is because they are (for the most part) not available to the broker market and the are very difficult to get approved.  The credit scoring required is very high.

Ipswich launches new 95% mortgage

Although we cannot get this product in Scotland I hope that the major lenders will see this and start 95% up here.  http://www.myintroducer.com/view.asp?ID=8980&utm_source=Sign-Up.to&utm_medium=email&utm_campaign=258857-Masthaven+Breaking+25.1.12

Bank of England resists more QE and holds base rate

The base rate is on hold again but, how long can this last? http://www.mortgagesolutions.co.uk/mortgage-solutions/news/2137119/bank-england-holds-rates