News For January 2008

House prices fall as mortgage approvals nosedive
House prices will fall in 2008 following the damaging impact of the credit crunch, an expert has said. ... Read more...

UK borrowers could save £345 billion through offsetting
People in the UK with mortgages could save £345 billion collectively if offsetting was as popular as it is in Australia, according to a new report. ... Read more...

House price inflation decreases
The annual rate of house price inflation has decreased from 4.8 per cent to 4.2 per cent, according to Nationwide. ... Read more...

Abbey announces lower mortgage interest rates
Abbey has announced it has interest rates on its mortgages for a number of its fixed rate products and has also added new deals to its range. ... Read more...

Student debt 'unlikely to affect first time buyers'
Having student debt is unlikely to hinder first time buyers when they attempt to enter the property market, according to Firstrung. ... Read more...

Borrowers encouraged to look around for best mortgage deal
People in the UK are being encouraged to look around for the best mortgage deal on offer in order to improve their "financial fitness", according to Abbey. ... Read more...

MPPI can be important to right people
Mortgage Payment Protection Insurance (MPPI) can be very important to the right people, according to Belgravia Insurance Consultants. ... Read more...

MPC member calls for interest rate cuts
A member of the Monetary Policy Committee (MPC) has called for a cut in interest rates in order to prevent a damaging economic slowdown. ... Read more...

House price fall 'good for first time buyers'
A fall in house prices and the increase in the number of one and two bedroom flats being put on the market has given first time buyers more confidence in the market, according to a new report. ... Read more...

Hips 'help to reduce speculative marketing'
Home Information Packs (Hips) have helped to ensure that people putting their houses on the market are truly willing to sell and has reduced speculative marketing, according to AA Legal Services. ... Read more...

MPC voted massively in favour of interest rates freeze
It has been revealed that the Bank of England''s Monetary Policy Committee (MPC) voted eight to one in favour of keeping interest rates at 5.5 per cent last month, which has decreased the chances of a big cut in interest rates this month. ... Read more...

Mortgages hit record highs
Mortgages for first time buyers are now costing borrowers as much as they were during the early 90s housing boom. ... Read more...

Consumers warned over mortgage advice fees
People in the UK looking for mortgages should look out for large fees for mortgage advice from subprime lenders, according to John Charcol. ... Read more...

Mortgage market 'still buoyant despite credit crunch'
The mortgage market is still buoyant despite the recent financial turmoil brought on by the credit crunch, according to Bestinvest. ... Read more...

Students with poor loan history could face mortgage problems
Students who have defaulted on their loan repayments may face problems securing a mortgage under new laws. ... Read more...

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