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Ahli United Provides Specialist Islamic Mortgages

The Ahli United Bank in the UK has been around since 1966 providing banking services between institutions in Kuwait and global markets as well as providing clients with practical financial advice and assistance in the United Kingdom (UK). Read more

Lenders are Saying Yes to First Time Buyers Again

New reports are starting to show that things are on the up for first time buyers. Recently the Halifax reported a drop in the monthly cost of mortgages and many lenders are starting to offer great deals for borrowers with much smaller deposits. Read more

Bank of Scotland Ireland Pulls Out of Ireland

The banking giant Lloyds banking group has announced that it will be pulling its sister company Bank of Scotland Ireland out of Ireland and will stop trading there by the end of this year.

Bank of Scotland Ireland trade under the groups Halifax brand which they bought in the middle of the financial crisis. Lloyds are pulling the operation and it will cease to be a lincensed bank on the 31st of December this year. Read more

1 Million Home owners Cannot Sell Property

Hundreds and thousands of home owners are currently living in property that they cannot sell. Trap in their current house because of a slow market or losses on the housing market.

In the last twelve months over one million home owners have tried to sell their current homes but have found that they are unable to attract buyers or in some cases any interest at all. Read more

CCCS Call for Exam for First Time Buyers

A debt charity has spoken out suggesting that Banks and Building Societies should only be given the first time buyers after they study for and then pass an exam.

Malcolm Hurlston, the chairman of the Consumer Credit Counselling Service has spoken out saying that mortgages should be sold with a health warning instead of tax breaks. He was concerned that increasingly first time buyers are buying a house too soon which results in spiralling debt problems that they cannot get out of. Read more

Which Publishes Lender Satisfaction Results

Which?, the independent review company has published the results of its independent lender satisfaction survey. The survey looks at which mortgage lenders offer the best rates, service and communication. Read more

Halifax Reports Mortgages are Half the cost they Used to be

Mortgages are currently twice as affordable as they were three years ago in the peak of the housing market boom.

Research released by Halifax has shown that current market conditions are resulting in average mortgages repayments being almost half the amount they were back in 2007. Analysts believe this is down to falling house prices and the sustained record low interest rates of 0.5% that have been set by the Bank of England. Read more

New Figures Show Lending on the Increase

The number of new mortgages in July rose by 5% in comparison with June this year. During July just over £13.5 billion was borrowed in the UK although this was still down for the same time last year in 2009 which was £14 prices Read more

Lenders Accused of Profiteering

Following the announcements from leading banks and building societies that they are back in the black many are asking whether they are profiteering from a falling housing market. Read more

Bridging Loans are on the Rise

More well off borrowers are increasingly using bridging loans to help them finance a new home. Some mortgage brokers see this as a sign that the market is slowing down even further and weakening. Read more

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