Archive for the 'mortgage market' Category

Rise in house purchase mortgage deals

Home buyers with a zero to 40% deposit currently have 1,798 mortgage deals to choose from, according to Moneyfacts.co.uk.
Researchers at the financial website have registered a 6% rise in the number of home loans on offer in the past month, taking the total up 68% year-on-year.
While those with 5% or less to put down continue [...]

Lenders extend shelf lives of mortgage offerings

Evidence that the UK mortgage market is stabilising has emerged from Moneyfacts.co.uk, which has noted that lenders have been extending the shelf lives of their various offerings in recent weeks.
According to the financial website, the average mortgage product was available for 24 working days in September, up from 18 working days in August, and [...]

Lloyds Banking Group claims 30% of UK mortgage market

The Council of Mortgage Lenders has named Lloyds Banking Group as the top mortgage lender for 2008, by market share.
The body explains that its data assumes the merger of Lloyds TSB and HBOS took place earlier than it did in fact, to allow for a sound comparison.
On this basis, the group increased its share [...]

Abbey becomes UK’s second-biggest mortgage lender

Abbey and Alliance & Leicester (A&L) are together claiming to be the UK’s second-biggest mortgage lenders, behind HBOS.
Both banks belong to Spanish group, Santander, which reported its half-year results this week.
The figures reveal that Abbey and A&L were responsible for 16.3% of the UK’s gross mortgage lending during the six months to the end of [...]