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House prices fall 0.4% in September

House prices fell by 0.4 per cent from £164,729 in August to £163,964 in September, according to the latest figures from Nationwide. Year-on-year prices fell 1.4 per cent, down from £166,256. Nationwide says the Government’s Funding for Lending scheme should offer support for the housing market in the coming months. Nationwide chief economist Robert Gardner […]


‘Our partnership mortgage is truly a new product’, claims Castle Trust

Head of Castle Trust Sean Oldfield has denied claims that his firm’s partnership mortgage, which is launched today, is the same as the shared appreciation mortgages offered by Barclays and Bank of Scotland back in the 1990s. Under the old shared appreciation mortgages, which were offered between 1996 and 1998, customers could borrow 25 per […]

Mortgage complaints rise by 80%

Data published last week by the FSA shows an 80 per cent spike in complaints to mortgage businesses, rising from 52,722 in the second half of 2011 to 95,363 complaints in the first half of 2012. The regulator classifies some 1,626 firms under its mortgage business category, comprising home finance administrators, home finance brokers – […]


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