According to some officials plans being looked into by ministers and the government to try and rescue the mortgage market could end up costing taxpayers around £40 billion. Reports have suggested that the government may will looking to underwrite billions of pounds worth of mortgages in a scheme that would see the type of government [...]

The interest rates on some mortgage products are now almost the same as they were in the summer of last year before the onset of the global credit crunch, according to a recent report. Officials from Moneyfacts have recently researched mortgage interest rates, and have found that in many cases they average rates are only [...]

There is little doubt that the mortgage market in the UK is still reeling from the havoc caused by the global credit crunch, which made its way across the Atlantic last summer, leaving a trail of destruction in its path. The mortgage industry has been suffering for a year now, with lenders unable to raise [...]

There has been a great deal of speculation over when and by how much the Bank of England will cut the base interest rate over the next year, with inflationary pressures coupled with the threat of recession making decisions challenging for the Monetary Policy Committee. A number of industry officials have now said that the [...]

One member of the Monetary Policy Committee, which is involves in cutting rates, has recently called for major cuts to the UK’s base rate in order to avoid an economic slump that could last for a long period of time. The warning comes from MPC member David Blanchflower, who has been consistently voting for a [...]

Both consumers and lenders have been adversely affected by the global credit crunch since it swept across the nation last summer. Lenders have found it increasingly difficult and expensive to secure finance on the wholesale money markets to fund their mortgage lending activities, and as such have had to slash the number of mortgage products [...]

A recent report has shown that there was a slight upturn in mortgage lending for the month of July, with mortgage lending levels said to have risen by 5%. Mortgage lending levels have been in decline for some months as a result of the global credit crunch which has seen a reduction in mortgage products [...]

Most people are aware that conditions in the housing market have become increasingly difficult over recent months, and with the mortgage sector still suffering the effects of the global credit crunch and with house prices falling, many homeowners have found that it is difficult or impossible to sell their homes. Estate agents have reported the [...]

A recent report showed how mortgage approval levels for new home buyers in the UK plummeted in May, further reflecting the ongoing housing and mortgage slump that has come about as a result of the global credit crunch. House prices have been falling for some months now, and mortgage availability has been getting tighter Officials [...]

According to recent figures there has been a significant fall in the number of mortgage approvals for homebuyers. Recent figures have shown that mortgage approval levels for homebuyers have fallen by around 64% over the past year. According to officials from the Bank of England approval levels for homebuyers have dropped to levels last seen [...]