Mortgage lending drops a staggering 90%

The net amount of mortgages lent by month has fallen by 90% in just one month, figures by the Bank of England have reported. This amazing drop represented a fall from £1.62bn in August down to just just £112m in September amid fears house prices are set to dive. At the same time, with homeowners [...]

Lowest number of monthly remortgages for 10 years

The ratio of remortgages arranged to new mortgages has fallen to a 10-year low the Council of Mortgage Lenders has reported. With only a quarter of mortgages taken out in August being remortgages, this is the smallest ratio since the end of 1999. Approximately 25,000 remortgages were arranged in August, 13% down on July and [...]

Personal Financial Details

According to a story on Money Mail, Tesco Bank have lost the personal details of some of their customers, exposing them to the risk of identity theft. It is reported that Tesco staff sent unprotected personal details of in the post for a number of customers that were in dispute with them over Payment Protection [...]

House prices are falling

The Narionwide has reported that house prices are falling again, because of the need for higher deposits on mortgages and job worries putting off buyers. For the first time in 5 months the Nationwide’s house price index recorded a fall in prices, with the average property price dropping half a percentage point to £169,347 between [...]



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