Tag Archives | mortgage market

Negative Equity Mortgage | Help Is Now Available For Borrowers

Lloyds Banking Group has launched a mortgage product aimed at the Negative Equity Mortgage borrowers that have a mortgage with no capital in their property and they need to move home. This comes as inflation rockets, growth in the economy falls below zero and Mervyn King the Governor of the bank of England recently informed […]

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Homeowners are faced with a dysfunctional mortgage market

The Council of Mortgage Lenders (CML) warned that the rationing of mortgages will deteriorate in 2009.  The CML felt that homeowners with mortgages were being forced to cope with a dysfunctional mortgage market.  Last year the net mortgage lending was £108billion and this year it is expected to be around £40billion, which is a 60% […]

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UK Mortgage Market expected to be stagnant for three years

The Treasury Department has commissioned Sir James Crosby, the former chief executive of HBOS, owner of the Halifax and the Bank of Scotland to carry out a report on the mortgage market. His report suggests that he feels the mortgage market will be paralysed until 2010 as there will be a shortage of mortgage finance […]

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