News For May 2008

CML 'unsurprised' by interest rate hold
The Council of Mortgage Lenders (CML) has stated that it is "unsurprised" by the Bank of England''s decision to hold interest rates at five per cent. ... Read more...

Several factors 'to protect market against recession'
Several factors have been outlined by an industry expert as measures that will help to protect the mortgage market from a recession. ... Read more...

Treasury announces support for homeowners
HM Treasury has announced a new package of support for homeowners who may need advice or support with mortgage issues. ... Read more...

Lenders urged to be consistent
Mortgage lenders in the UK have been urged to be consistent by creating guidelines on the minimum loan-to-value that they can provide to borrowers. ... Read more...

Mortgages 'one of the most openly discussed financial issues'
Mortgages are one of the most openly discussed financial issues in the UK, according to new research. ... Read more...

Value of properties considered by first-time buyers falls
The value of properties being considered for purchase by first-time buyers fell last month, according to new research. ... Read more...

Choice and availability 'still open for good borrowers'
There is still a range of choice and availability open to good mortgage borrowers in the UK, according to an expert. ... Read more...

1 in 5 'not making lifestyle changes due to credit crisis'
Around one in five people are not planning to make any changes to their spending habits despite the credit crunch, according to new research. ... Read more...

Housebuyers 'consider move to the country'
People who are looking to buy a property are increasingly considering a move to the countryside, according to new research. ... Read more...

Falling house prices 'create a moral dilemma'
Falling house prices are creating a "terrible moral dilemma" for those looking to take out a mortgage and buy a new property, according to an expert. ... Read more...

House prices 'continue to fall'
House prices in the UK are continuing to fall with the average house value dropping by 0.9 per cent since last year, according to new research. ... Read more...

Abbey announces rate cuts
Mortgage lender Abbey has announced that it is cutting rates on several of its products from today. ... Read more...

Lenders 'confident of avoiding recession'
Mortgage lenders in the UK are generally confident of avoiding a recession, according to the Intermediary Mortgages Lenders Association (IMLA). ... Read more...

Need for mortgage advice 'likely to increase'
The need of consumers for advice on mortgage issues is likely to increase in coming months, according to an independent financial advice body. ... Read more...

All borrowers 'will be affected by the credit crunch'
Everyone who is currently borrowing a mortgage in the UK will be affected by the credit crunch, according to the Council of Mortgage Lenders (CML). ... Read more...

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