Home > News > Mortgage and Remortgage

Interest rate cuts `were not anticipated by consumers` Nearly half of young mortgage holders `need help from family` Abbey cuts mortgage rates New arrears guidance issued by CML Mortgage fraud `on the up` CML expresses concerns over sale and lease back schemes Business groups call for further rate cuts Interest rate cut `will help some struggling borrowers` Mortgage approvals `hit by continued market uncertainty` Company reduces rate of home loans Mortgage rates `to rise` Consumers `will be hit by reduced credit` `Nearly £20k` needed to secure a mortgage Borrowers urged to take advantage of good mortgage deals Mortgage lending falls in August Variable-rate mortgages `increasingly appealing to homeowners` Parents `relying on loans to cover school fees` Further mortgage rate cuts announced Remortgaging `on the rise` Mortgage lenders call for swap plan renewal

People `still want mortgages, for time being`

09/04/2008

People still want to take out mortgages, despite the recent financial troubles, but how long that situation lasts "remains to be seen", according to an industry expert.

First Direct`s recent decision to stop selling mortgages due to overwhelming demand has shown that people still want home loans - and lenders can afford them - despite the recent months of financial uncertainty, Moneywise stated.

However, if the current conditions continue, the outlook for the mortgage market could become bleaker, editor of the publication Rebecca Atkinson said.

She added: "Demand is still there, but it`s not there as much. People still do want mortgages, but how long that will last remains to be seen."

New figures from the Council of Mortgage Lenders have shown that levels of mortgages secured for house buying reached its lowest level for 16 years in February.
<

Many debts unaffected by base rate cut 09/01/2009 - Yesterday, many borrowers welcomed the Bank of England’s base rate 1.5% base rate – an historic low 08/01/2009 - Today’s base rate cut by the Bank of England’s Monetary Gas price cuts expected 07/01/2009 - Energy company Scottish Power has announced the launch of a Personal debt about £1.5 trillion 07/01/2009 - The UK’s personal debt stands at around £1.5 trillion, according