Tag: rise
When will interest rates rise?
As the economic clouds darken, many now reckon we could see near-zero interest rates for years to come. Rupert Jones examines how it will affect your mortgage or savings This week, for the 30th month in a row, the Bank of England held the base rate at 0.5%, and economists predict the first interest rate [...]
First-time buyer numbers rise
E.surv says lenders are beginning to offer higher loan-to-value mortgages, but others remain sceptical about market conditions More first-time buyers are purchasing homes, latest figures suggest, with 27% of all mortgage approvals in April being for properties costing less than £125,000. The figure is 7% higher than the same month in 2010, and 79% of [...]
Average rents rise as first-time buyers struggle with deposits
Rents are now 4.2% higher than last year, according to the LSL index, with the average £25,000 deposit proving too much for hopeful buyers The average rent rose by 0.4% in March as landlords enjoyed a surge in demand from would-be first-time buyers struggling to make a purchase, the LSL Property Services buy to let [...]
Lettings data indicate steady rise in cost of renting
Lack of affordable mortgages lead to a small surge in demand for rental properties but many tenants are failing to pay rent on time Tenants signing new contracts suffered a small rise of 0.2% in rents during February 2011, pushing the average rent in England and Wales to £684 per month – 3.9% higher than [...]
Mortgage lending on the rise
Mortgage lending rose by 5% in July, compared to June, but remains down 3% year on year Mortgage lending rose by 5% in July compared to the previous month, to £13.6bn, but was down 3% from £14bn in July 2009, supporting claims that the housing market is slowing down. The gross lending figures, published by [...]
Yorkshire and Clydesdale customers face mortgage rise
A miscaculation by the Yorkshire and Clydesdale banks means some mortgage holders could be asked to repay up to £300 more each month Thousands of Clydesdale and Yorkshire Bank mortgage customers are facing higher monthly payments after the providers, owned by National Australia Bank, said they had miscalculated repayments on some of their variable and [...]
Retirement age rise plan attacked by charities and unions
Ministers accused of ‘moving goalposts’ as greater life expectancy triggers pensions review Government plans to increase the retirement age and reform pensions, unveiled today, have been criticised by unions and charities as “class war” and a plan to make pensioners “work till they drop”. The Liberal Democrat-Conservative coalition announced a review designed to “reinvigorate the [...]
