UK Finance News

Sub Prime mortgage lender Edeus look to be a bit desperate to off load some of the mortgages on it’s books, having offered a discount to customers for early re payment.
Edeus have so far tested the water with 400 of it’s customers and interest from eligible customers is said to be 20% at this stage. [...]

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Halifax, Britain’s biggest mortgage lender is the last of the ‘big four’ lenders to put it’s fixed rate mortgage products out of the reach it’s customers.
In keeping with it’s rivals Halifax has raised the cost of it’s fixed rate mortgages from 5.59% in January 2008, to an uncomfortable 6.99% today.
Fixed rate mortgages have been around [...]

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I guess we are all getting a bit fed up with so called ‘experts’ predicting how much house prices in the UK will fall and over what length of time.
The Halifax seem always to be at the forefront, maybe that is based on their market share of mortgage lending or their experience as Estate Agents, [...]

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Figures released by the Council Of Mortgage Lenders show that 23,000 people who took out 100% mortgages in the last twelve months could find themselves with negative equity in their property.
This in itself is not a new phenomenon and was most recently seen in the property collapse during the nineties. Thousands were in the same [...]

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Cheltenham & Gloucester one of the UKs biggest mortgage lenders, has pulled its entire home loan range as of close of business on Monday 19 May.
The lender has issued a statement saying that it has withdrawn its entire range of mortgage products and will be replacing them with more expensive products. Most rates will increase [...]

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