mortgages
Top StoriesUK House Prices Stabilise After Four-Month Fall, Halifax Says
FinanceHow Can First-Time Buyers Secure a Good Mortgage With a Small Deposit?
Top StoriesBiggest UK House Price Fall Recorded Since Financial Crisis
BankingBritain Urges Banks to Offer Mortgage Flexibility in Cost-Of-Living Crisis
Spain Expects to Agree With Banks Mortgage Relief Measures by End of Week
Date: November 16, 2022
MADRID (Reuters) – Spain’s government expects to reach by the end of this week an agreement with banks on mortgage relief measures to help vulnerable households and middle-class clients cope with rising borrowing costs on such loans, the economy minister said. The government and lenders are readying a wider set of measures to help the...
Irish Central Bank Eases Strict Mortgage-Lending Limits
Date: October 19, 2022
By Conor Humphries DUBLIN (Reuters) -Ireland’s central bank is to ease mortgage-lending limits to allow first-time property buyers to borrow up to four times their income, in a move it said could help meet growing building costs but could also modestly push up prices. The central bank introduced limits in 2015 capping how much banks...
Caixabank Proposes Sector-Wide Freeze in Variable Mortgage Costs, Source Says
Date: October 12, 2022
MADRID (Reuters) – Caixabank, Spain’s biggest lender by domestic assets, has proposed a sector-wide measure to cushion the rise in payments on variable mortgage contracts for a year, a source with direct knowledge of the matter said on Tuesday. “The proposal foresees freezing the increase in payments on variable mortgages for twelve months,” the source...
Is IT Time for Lenders to Review Their Security?
Date: October 6, 2022
By Ann Ebberson, partner in Rosling King’s Real Estate Group The U.K is going through a cost-of-living crisis driven by a multitude of different factors including the slump in the value of the pound, high inflation outstripping wage increases and thus leading to less disposable income, as well as tax increases. Given the squeeze on...
UK Watchdog Contacts Banks Following Huge Withdrawal of Mortgage Deals -Ft
Date: September 30, 2022
(Reuters) – Britain’s Financial Conduct Authority (FCA) has contacted lenders in the United Kingdom following the withdrawal of more than 1,600 mortgage products by most high-street lenders, the Financial Times reported on Thursday. In the aftermath of finance minister Kwasi Kwarteng’s fiscal plan that sent British financial markets into turmoil, the FCA was asking banks...
Queen Elizabeth Died of ‘old Age’, Death Certificate Shows
Date: September 29, 2022
Balmoral Castle, her summer home in the Scottish highlands, on Sept. 8. The certificate records her time of death as 3.10 p.m. (1410 GMT) Buckingham Palace had released a statement just after 12.30 p.m. that day to say doctors were concerned about the queen’s health and that she would remain under medical supervision. Her death...