Banks tighten criteria for first-time mortgages

FIRST-TIME house buyers are having a tougher time getting a mortgage as a result of the “credit crunch” and falling property values. Banks are only willing to lend most new borrowers a maximum of 92% ... More... (Mortgage Lender & Broker News, Mortgage News)
Add a Comment , , March 24th, 2008

UK Mortgage & Real Estate: Freeze on mortgage lending to hit house prices

Freeze on mortgage lending to hit house prices Lenders are cutting back on loan deals which could topple the property market this year NATIONWIDE, Britain’s biggest building society, has warned that house prices could drop 5% this ... More... (Mortgage News, Real Estate News)
Add a Comment , , March 23rd, 2008

UK: Mortgage default fears feed the rise of opportunist sale-and-leaseback firms

FIRST THE Treasury, and then a powerful trade body, declared "the era of cheap mortgages is over" last week as a swathe of evidence exposed the extent of the looming crisis for UK homeowners. With mortgage ... More... (Mortgage News)
Add a Comment , , March 23rd, 2008

UK Mortgage News: Pleas for mortgage help surges by a third as debt fears grow

DEBT problems are surging according to Citizens Advice, which has reported that the number of people appealing for help with mortgage arrears in January and February was more than a third higher compared with 2007. Up ... More... (Mortgage News)
Add a Comment , March 23rd, 2008