News

MORTGAGE INTEREST RATES AT LOWEST LEVEL FOR 23 YEARS

Interest rates on new mortgage deals have fallen to their lowest level since 1988, according to the financial information service Moneyfacts. It says this is due to lenders finding it cheaper to raise funds in the financial markets. This has been due to the realisation that the...

MORTGAGE LENDING REBOUNDS IN MAY

Lenders expect activity in the mortgage market to remain flat in the coming months, despite a rebound in May. Gross mortgage lending in the UK totalled an estimated £11.3bn in May, up 12% from the previous month, the Council of Mortgage Lenders (CML) said. The figure was...