Residential Blog

The latest residential mortgage market news, advice and views from our resident experts at Mortgages for Business

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• Spotlight on Housing market recovery 16.03.2009

  Savill's latest report on the housing market concludes " Our view is that this puts us somewhere between the latter satges of house price falls and nearer the first of the stages in the recovery process

• Lender SVR cuts are getting better after March BBR reduction 11.03.2009

  Lenders are getting better at passing on SVR reductions as our table shows. There are some interesting anomalies...

• Lloyds/HBOS commit additional £3Bn to new mortgage lending 10.03.2009

  As part of the APS deal Lloyds / HBOS have committed an additional £3Bn to new mortgages in 2009.

• A sad day for mortgage brokers - 9.3.09

  Today we have seen a huge loss to the mortgage industry as Chase de Vere and Cobalt Capital entered into Administration.  Both of these firms were large, highly respected institutions and have contributed enormously to the innovation of our industry.

• MPC cuts Base Rate to 0.5%!!! 05.03.2009

  As expected, the MPC has continued to use the tools at its disposal and slashed rates again to a record low of 0.5%.

• Struggling to sell your property - this may be of interest - 26/2/09

  The main reason would be buyers are not buying right now could well be due to a lack of deposit, plus a perception that there are no mortgages available.  And if you are trying to sell a property right now, this could be proving extremely fustrating.  So here is a idea which may just clinch you a sale.

• Northern Rock - plans to lend a extra £5bn this year - 24th February 2009

  Northern Rock is to revive its mortgage lending with extra cash from the taxpayer. This is part of government plans to boost lending generally, and reverses its earlier policy of winding down the bank's loans.

• Allsop's and Clive Emson's Auctions with strong results on house prices 23.02.2009

  Some improvement and activity at Allsop's first auction of 2009 shows that there is some resurgent activity and tightening of yields in the commercial property sector (typically down from 8.3% in December to 6.7% last week) and some residentail sales as well.

  Anecdotally Clive Emson's auction in Kent was well attended last week as well. Check it out at http://www.cliveemson.co.uk/listings.asp

• The Housing Market - Some Interesting Figures - 23/02/09

  A Consumer Confidence Survey recently carried out has attracted 28,000 in its first two weeks of being sent out.  The figures are at worse, re-assuring but actually, dare I say it, positively encouraging!!!!!

• Credit Scoring - a word of warning! 12/02/09

  When you want to borrow money, it is very easy to apply for credit and then if you get declined or find a better deal somewhere else, apply again.  However very few people realise the detrimental affect these applications have on their credit rating.