Rents for U.K. homes fell for the first time in five-and-a-half years as the worst housing slump since the 1990s caused a record increase in properties put on the rental market, the Royal Institution of Chartered Surveyors said.
U.K. home prices fell an annual 14.6 percent in October, the biggest decline since the 1991 recession, according [...]
Wizard Home Loans is to be offered for sale with an announcement expected this week, The Australian reports.
GE Money, which owns the mortgage lender, has opted for the sale to stave off a bid by Wizard founder and current chairman, Mark Bouris, who is seeking to take back control of the company.
Mr Bouris was believed [...]
While mortgage brokers are running in circles trying to find lenders for their customers, savings banks are quietly reaching out to provide mortgages and HELOCs to good credit borrowers.
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Back when dinosaurs roamed the earth, there was a thing called the Savings and [...]
Instability and reduced liquidity has mortgage lenders and financial firms reaching out to consumers with advertising messages that emphasize strength and stability.
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When the waters are calm, an open raft can keep anyone happily floating along. But when a storm rolls in and [...]
Home equity loans are harder to come by as secondary market investors rethink their exposure to the struggling U.S. mortgage industry.
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Bob, a homeowner who’s short on cash, recently came across an old solicitation for home equity credit. He pondered his growing credit [...]
Home mortgage lenders are following the lead of enthusiastic infomercials by touting some compelling advantages of a new generation of first-lien home equity lines of credit.
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Borrowers who have great credit have always been wooed by lenders with the best interest rates and [...]
Just last week, one major news outlet reported that consumers who enjoyed rock bottom introductory rates on HELCOs just a few months ago are now paying double-digit rates. That’s because interest rates, in general, have gone up considerably. As introductory adjustable rates on home equity lines of credit expire, the new rates-and their corresponding [...]
Lenders aren’t generally considered Santa Claus; but if you have bad credit, finding a mortgage can seem like a gift from the North Pole. In today’s market, however, loans for people with bad credit are available, even though their rates tend to be higher than conventional loans. Despite the elevated costs, you can [...]
Just last week, one major news outlet reported that consumers who enjoyed rock bottom introductory rates on HELOCs just a few months ago are now paying double-digit rates. That’s because interest rates, in general, have gone up considerably. As introductory adjustable rates on home equity lines of credit expire, the new rates-and their corresponding [...]
Calls for stricter regulation of sale-and-leaseback schemes have been made this week.
The Citizens Advice Bureau, along with the Council of Mortgage Lenders and Shelter, are calling on the Treasury to allow the Financial Services Authority to regulate sale-and-leaseback schemes to provide greater protection for consumers.
Sale-and-leaseback schemes allow owner-occupiers to sell their homes to a company [...]