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 [...]

  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 [...]

  Over a third of UK homeowners surveyed are not prepared to drop their asking price to sell their property following signs that the housing market is picking up. Around 35% of people with a property on the market said they would not accept an offer of less than the full asking price, according to [...]

  New research claims that mortgage arrangement fees charged by banks and building societies have fallen by around 25% during the past year. The average fee charged to borrowers taking out a two-year fixed rate mortgage has dropped from £1,243 in 2008 to under £1000 now, according to financial website moneysupermarket.com. This news comes hot [...]

  A recent survey reveals that 20% of people think that the housing market will recover by the end of the year and a further 4% think that the end of 2010 is more likely. The research by uSwitch also reveals that 6 million consumers predict that that the UK economy will emerge from recession [...]