Gross mortgage lending totaled an estimated £18.7 billion in October, almost 7% higher than what was an admittedly weak £17.5 billion lent in September according to new figures from the Council of Mortgage Lenders.
Nationwide has announced that it will decrease its Base Mortgage Rate (BMR) from 1 December 2008 by 1.50%.
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Northern Rock has announced its new range of mortgage products offering a free basic valuation and free standard legal work for residential remortgages.
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New analysis from Sainsbury’s Home Insurance reveals that one in four (25%) home insurance policies do not cover the possessions of the household’s students who are living away from home.
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Nationwide Building Society has announced that it is cutting the price of its two, three and five year fixed rate deals by up to 0.25%, these new rates are available for those looking to remortgage, switch product or take a further advance.
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First direct has announced it will resume selling mortgages to non customers after temporarily stopping offering mortgages to new customers on 1 April after receiving five times its normal number of applications.
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Fourteen leading experts have challenged developers to improve their visions for eco-towns and deliver world class proposals for the first new towns in the UK for 45 years.
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“We can’t know how bad it will get” is the summary given by Housing Minister Caroline Flint MP in a document prepared for the weekly cabinet meeting in Downing Street.
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A major new package of investment in housing, jobs, infrastructure, community facilities and green spaces is set to rejuvenate areas of east London and transform the lives of people living there, announced Housing and Planning Minister Caroline Flint.
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The National Landlords Association (NLA), the UK’s leading representative body for landlords, has responded to further calls for the adoption of a large institution-driven, US-style branded rental market in the UK by warning that it could leave the vulnerable ‘out in the cold’.
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The Council of Mortgage Lenders has urged the European Commission to shelve its White Paper proposals on the integration of EU mortgage markets.
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