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Warning on payment shock

Mortgage comparison website mform.co.uk warns that more than 315,000 home owners who took out fixed rate mortgages at the end of 2003 and the start of 2004 could be heading for a shock when their special deals run out.

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London house prices continue to soar

The Nationwide quarterly house price review has revealed that London house prices have continued to soar into 2007, with the average house costing nearly £270,000.The rise in the capital dwarfs any other national averages, with the national house price average being £172,065, a 9.3% annual change. London has seen a 11.3% rise, bringing the average […]

Straw Poll: Brokers evenly split on lender retention policies

Mortgage Strategy Online readers are evenly split on whether the remortgage market will fall in 2007 because of lenders’ retention policies, with 49% saying yes and 51% saying no.This week, Mortgage Strategy asks: “Do you expect the UK housing market to remain buoyant in 2007?”

Base rate rise “no surprise” says Skipton

Skipton says the strength of economic data in December means it comes as no suprise that base rates have been hiked in Janaury, a month earlier than expected. John Goodfellow, chief executive of Skipton, says: “It was previously thought that, were the rate to move, February would be the month it would happen. However, the […]

Amber unveils fixed deals

Amber Homeloans has launched a range of three-year fixed rate products. The deals are at 5.99% full status and 6.09% self-cert, and are available for borrowers with up to £15,000 worth of County Court judgments against them.

taxes

Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.

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