The Nationwide’s house prices survey reveals that property prices rose for the fifth month in a row in September. In the last three months, prices are up 3.8% but house prices remain 13.5% lower than their peak in October 2007. The average price of a home in the UK now back to the same level [...]

More good news for first-time buyers and home movers from HSBC. The bank is making an additional half a billion pounds of mortgage funding available to home buyers with deposits of 10%. The reason for this additional funding is because there has been an increase in demand from its customers. It is not known what [...]

  Woolwich has announced a one-year tracker mortgage at 1.98% up to 60% LTV, available from brokers or direct. After one year it tracks Barclays Base Rate +2.49%. There are also two- and three-year fixed rate mortgages available for both new and existing Woolwich customers. Announcements like these from the Woolwich and other lenders do [...]

  Interesting data released by the Financial Services Authority (FSA) shows that lenders have pledged £38bn in new mortgage lending. This is £10bn more than was pledged this time last year. Lending for house purchase now accounts for more new lending than remortgages for the first time since late 2007, the FSA says. In Quarter [...]

  Signs are emerging that Lenders are starting to offer more mortgage products. HSBC has joined other lenders offering new products and launched a 1.99% mortgage on a two-year discount rate – available to customers with a deposit of 40%. Other mortgages within its new range include a two-year discount mortgage for customers with at [...]