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Mortgages

Borrowing blow

Banks hike mortgage costs as interest rate rise looms

For sale, sold, homes, housing, property
The cost of buying a home is rising (pic: Terry Murden) Mortgage lenders have anticipated a likely rise in the cost of borrowing next week by hiking their rates toRead More

Home buying deal

New bank plans 30-year fixed mortgage

For sale, sold, homes, housing, property
Bank plans a longer term deal with home buyers (pic: Terry Murden) A new bank is planning to issue 30-year fixed-rate mortgages when it signs up its first borrowers inRead More

Home support

Scottish Building Society in repossession pledge

Paul Denton SBS
Paul Denton: ‘reassuring customers’ Scottish Building Society has pledged that mortgage holders will not be at risk of losing their home over the next 12 months. The package goes furtherRead More

Friday Update

DB Live: easyJet vote; brewing merger; Carluccio’s; markets

Gen!us
6pm: Shearings collapses Coach company Shearings has collapsed with the loss of 2,500 jobs. Full story here 5.05pm: Quarantine confirmed and date announced Passengers arriving into the UK will haveRead More

Funds dry up

Home buyers hit as lenders withdraw mortgage products

nationwide
Lenders are facing a funding issue Nationwide is temporarily reducing mortgage offers for low-deposit borrowers including first-time buyers as lenders face a growing squeeze on available funds. The building societyRead More

'Uncertain retirement'

Over-55s cut living standards to help family buy a home

ESPC
Families are being helped on to housing ladder Thousands of over-55s are are now prepared to accept a lower standard of living to help their family onto the housing ladder,Read More

Mortgage lending from parents up 30%

Bank of mum and dad now ninth largest homes lender

Property for sale
Parents have become the ninth biggest mortgage lender with expectations that they will provide their children..

More societies increase limit

Nationwide extends lending age limit to 85

nationwide
Nationwide has become the latest lender to extend its time limit on mortgages to older applicants. Britain’s biggest building society is increasing the maximum lending age by 10 years to 85 fromRead More

As supermarket group profits fall...

Sainsbury’s Bank unveils plan to launch mortgages

Sainsbury's Bank hq
Sainsbury's Bank is to introduce mortgages on the back of strong growth in the business, it emerged today. READ MORE

Bank of Mum and Dad ‘now a top ten lender’

Property for sale
The 'Bank of Mum and Dad' will this year lend more than £5 billion to help their children get on the housing ladder and become a top ten UK lender.. READ MORE