October 14, 2008
New low in first time house buyers
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The number of first-time buyers getting onto the property ladder slumped to a record low during August.
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The number of first-time buyers getting onto the property ladder slumped to a record low during August.
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Owners of buy-to-let properties are among the worst hit by falls in housing prices.
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Your investment mortgage loan may be one of the biggest financial commitments you will ever make. Depending on the property you choose, it could even be bigger than your first mortgage. So there's a lot of work to do to make sure you make the right decision on an investment mortgage loan. This includes keeping an eye on interest rates and thinking about the size of deposit you will need. This can considerably alter the cost of an investment mortgage loan. Look out to see what limits there are on overall borrowing and check to see what restrictions there are on property management.
Learn more about the Investment Mortgage Loan
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Small Bradford & Bingley shareholders fear that like investors in Northern Rock they stand to lose everything after the government bailed out the bank with a mixture of nationalisation and asset disposals.
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When you are ready to take your first steps into buy to let you may wonder how to get a mortgage for investment. There are lots of reasons why people invest in buy to let. They may be looking to increase their income to cope with day to day expenses or instead they might be thinking about securing their retirement. Whatever your reason for seeking information on how to get a mortgage for investment, there are plenty of sources to choose from. You may also wish to consider how you will repay your mortgage when you get it, choosing among the different options that lenders offer.
Read more on getting a Mortgage for Investment
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The number of mortgage products on sale has slumped 12.4 percent so far this week after lender Bradford & Bingley exited the market and as the property sector buckles under global market turmoil.
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The national current account deficit doubled and the economy stood still in the second quarter of 2008, even before a worsening in what is being described as the worst financial crisis in a generation.
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Bradford & Bingley was nationalised on Monday, making the buy-to-let mortgage lender the second UK bank to be taken into public ownership this year as a deepening financial crisis claims victims around the world.
Resolution hires banks for November listing
Financial buyout firm Resolution is likely to appoint Citi , HSBC and Merrill Lynch to arrange its 1 billion pound listing, people familiar with the matter said on Monday.
INSTANT VIEW - Reaction to Bradford & Bingley deal
Bradford & Bingley's branch network and deposit business will be sold to Spain's Banco Santander, and the remainder of the group will be nationalised.
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Mortgage lending plunged by 95% in August compared with the month before, according to the Bank of England.
INSTANT VIEW - Reaction to Bradford & Bingley deal
Bradford & Bingley's branch network and deposit business will be sold to Spain's Banco Santander, and the remainder of the group will be nationalised.
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The government will nationalize troubled mortgage lender Bradford & Bingley and is discussing the sale of its savings book and branches, people familiar with the matter said.
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