The Council of mortgage Lenders (CML) said, "The number of mortgages granted rose to 52,700, 29 percent more than in August 2008." It’s a sign the property market is stabilizing and today’s report adds to evidence that Britain is emerging from its worst recession in a generation. The number of people remortgaging their homes [...]

  The Bank of England held rates at 0.5% and to continue with its £175bn quantitative easing programme. Optimistically, Roger Bootle of Capital Economics predicted that rates would stay at this level for 5 years. The house buyers preferred choice at the moment is for tracker mortgages anticipating that rates will stay low for some [...]

  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 [...]