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Credit & Finance News
Plans Put Forward To Lift UK Mortgage Lending
Mortgage lenders have drawn up a plan to help kick-start the mortgage market amid falling house prices and a squeeze on the availability of home loans. The Council of Mortgage Lenders (CML) have put forward a plan to free up UK banks and building societies to offer new home loans. It wants the Bank of England to guarantee a market in mortgage-backed...
Three Lenders Raise Mortgage Rates
Mortgage lenders Bradford & Bingley, First Direct and Co-operative Bank have all raised the cost of its fixed-rate home Mortgages. Bradford & Bingley has increased the cost of its fixed rate residential loans of between 0.5% and 0.7%. First Direct increased its two-year fixed deal by 0.16% to 6.15%. The Co-op upped its three-year fixed rate...