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August shows highest monthly rent rise in 2011

Rents registered their largest monthly increase in a year in August, rising by 1.2% to an average of £713 per month, according to LSL Property Services’ latest buy-to-let index.

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Marketwatch

Swaps increased slightly last week. Initially they dropped but after the inflation figure was released they went up along with three-month LIBOR. Three-month LIBOR is up 0.02% at 0.91%.1-year money is up 0.02% at 0.96%2-year money is up 0.03% at 1.25%3-year money is up 0.02% at 1.35%5-year money is down 0.03% at 1.70% Well done […]

Google’s mortgage site does a disappearing act

Mystery surrounds what has happened to Google’s UK mortgage comparison website, which is no longer appearing at the top of its paid for searches. In July Mortgage Strategy reported that Google was piloting a mortgage comparison website Compare UK Mortgage, which contained sponsored links from a number of lenders such as Woolwich, ING Direct, the […]

Remortgage drop in Q2 likely to be trend for next quarter too, says FSA

Remortgage business as a proportion of new lending fell from 38% in Q1 to 34% in Q2 2011, and is set to drop further in the coming months, according to the Financial Services Authority. The FSA’s latest Mortgage Lending Data report, published last week, shows remortgage lending fell 3.1% between Q1 and Q2, from £12.7bn […]

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