http://www.pattinson.co.uk/The MORTGAGES news and information60http://www.pattinson.co.uk/public/content/articles/Detached_houses_streets_ahead.htmDespite the credit crunch, 2008 was the year of the detached home - according to Norwich and Peterborough Building Society (N&P)...Tue, 06 Jan 2009 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Mortgage_support_for_more.htmMore homeowners who are facing difficulties paying their mortgage after losing their job can now claim Government help...Mon, 05 Jan 2009 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Canada_wont_suffer_US_meltdown.htmThe residential property market in Canada is not at risk of a US style meltdown even if the country slips into recession, it is claimed...Fri, 02 Jan 2009 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Mortgage_gap_proves_costly.htmThousands of home owners are paying the equivalent of more than £2,000 a year extra on their mortgage because lenders have refused to pass on the Bank of England's rate cuts, research reveals...Fri, 02 Jan 2009 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Irish_shares_soaring.htmShares in Ireland's three main banks soared on Monday after the Government agreed to inject £5.3 billion into the trio, taking one under its control, in a move that should boost lending to firms and homeowners...Wed, 24 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Bailiffs_given_more_power.htmThe UK Government may increase the powers of debt collectors despite concerns that the industry is poorly controlled...Wed, 24 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/New_fixed_rates_launched.htmNatwest and the Royal Bank of Scotland have launched new fixed-rate products with a loan-to-value (LTV) of up to 75 per cent...Tue, 23 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Next_year_tipped_to_see_market_recovery.htmThe mortgage market in the UK will start picking up again over 2009, enabling more people to be able to get finance for house purchases, it has been predicted...Mon, 22 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Abbey_announces_lower_rates.htmAbbey has announced a series of further cuts to its mortgage range...Mon, 22 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Buyers_scurrying_to_market.htmThe Governor of the Reserve Bank of New Zealand's latest move has sent house buyers scurrying on to the market to finalise deals on properties...Fri, 19 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Pick_up_a_foreclosed_property.htmOrlando is to host an event targeted at property investors looking to buying foreclosed homes in the Florida city, it has been announced...Fri, 19 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Holiday_from_hell.htmThe word holiday usually brings a smile to our faces as we dream of suncream and sand, sightseeing, safari or ski slopes. Sadly, this holiday season, there is a very different break on the horizon - one which more than two million UK borrowers will not be looking forward to...Thu, 18 Dec 2008 13:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Abbey_borrowers_in_trouble.htmHome owners could be forced to pay back thousands of pounds of their mortgage if property prices fall too sharply, it has been disclosed...Tue, 16 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Breaking_out_the_bubbly.htmForeclosure filings dropped seven per cent from October to November, according to a report. But don't break out the bubbly. The tide of foreclosures may be ebbing now, but the flood isn't over yet...Fri, 12 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Darling_extends_home_loans_holiday.htmAlistair Darling extended the potential length of a state-backed mortgage holiday for struggling homeowners on Wednesday, but he insisted that the risks of default would be shared with lenders...Fri, 12 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Rescue_plan_could_increase_debt.htmMortgage borrowers are being warned the Government's mortgage rescue plans will provide breathing space but could significantly increase overall debt and lead to negative equity...Mon, 08 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Lenders_lurking_in_the_dark.htmDespite the Bank of England cutting the base rate by two per cent in the past two months and Libor falling by even more, six mortgage lenders haven't reduced their standard variable rates at all...Tue, 02 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/HKs_mortgage_loans_fall_40_per_cent.htmHong Kong mortgage loans fell for a third consecutive month in October as banks tightened lending amid recession...Mon, 01 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/Fraudulent_behaviour.htmMortgage fraud in the UK is booming as police fail to take it seriously or pursue criminals, the head of a new agency to fight the crime has revealed...Mon, 01 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/RBS_lifeline.htmHomeowners struggling to cope with the financial downturn have been thrown a lifeline as one of Britain's leading banks promises to give six months' respite to those who fall behind with mortgage repayments...Mon, 01 Dec 2008 12:46:00 GMThttp://www.pattinson.co.uk/public/content/articles/No_mortgage_No_worries.htmAmid the subprime mortgage disaster, research shows that one in three U.S. homeowners do not have a mortgage to worry about...Thu, 27 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Govt_delays_causing_risks.htmMortgage industry at risk from Government delays...Thu, 27 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Mortgage_lending_falls.htmMortgage lending fell again in October and home loan approvals are now down 60 per cent from last year...Thu, 27 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/No_interest_in_paying_mortgage.htmOver one million people in the UK have an interest-only mortgage with no investment plan established for paying it off, new research has revealed...Wed, 26 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Future_good_for_first-time_buyers.htmThe head of a specialist firm helping first-time buyers to get on the ladder has said the future for them is "very bright"...Tue, 25 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/American_mortgages_dipping.htmNew mortgages in the US could fall below £870 billion next year, the lowest for almost two decades, according to forecasts...Mon, 24 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Buy_to_let_market_closed.htmArrears on controversial home loans of up to 125 per cent of the value of a property are driving Northern Rock's repossession rate...Wed, 19 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Tracking_Northern_Rock.htmNorthern Rock, the state-owned bank, has reduced the cost of its fixed-rate mortgages but increased rates on its new tracker deals by half a per centage point...Wed, 19 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Keeping_track.htmTracker mortgage rates are starting to fall but they are still 1.66 per cent over the Bank of England base rate...Mon, 17 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/American_mortgages_cheaper.htmUS mortgage rates fell last week in an attempt to attract more consumers, many of whom have tightened their belts as a consequence of the economic slump and rising unemployment levels...Thu, 13 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Lack_of_interest.htmSome homeowners could be enjoying an interest-free mortgage next year if interest rates continue to fall steeply, it was disclosed today...Wed, 12 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Improving_not_moving.htmOne in five Brits are planning to take advantage of plans to scrap planning permission for loft conversions...Tue, 04 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Natwests_Islamic_mortgage.htmIn response to customer demand, NatWest bank has launched its first mortgage product compliant with Islamic Shariah law. In accordance with Shariah law, the product will not charge interest...Mon, 03 Nov 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Mickey_mouse_plans.htmDesperate to stop the tide of foreclosures plaguing Florida, the U.S. Department of Housing and Urban Development launched its Neighborhood Stabilization Program which will give the Florida Government £331 million to buy troubled properties and turn them into rentals...Thu, 23 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Cash_poor.htmMore money is set to be taken out of the housing market than is being put back in for the first time in more than 20 years, economists have warned...Wed, 22 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Nationwide_doesnt_cut_it.htmNationwide yesterday announced it would not be following other leading mortgage lenders in passing on the full half-point cut in the Bank of England base rate to borrowers on its standard variable rate...Fri, 17 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/UK_mortgage_costs_on_the_up.htmThe cost of some UK mortgages are increasing despite the Government bailout of some of the nation's banks and hopes that lending would increase...Thu, 16 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Landlords_enjoying_tenant_demand.htmOver half of landlords are experiencing growing levels of tenant demand, says Paragon Mortgages...Wed, 15 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/UAE_lending_difficulties.htmBanks in the Middle East are facing lending difficulties over their exposure to the real estate sector, experts are warning...Fri, 10 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Mortgage_deals_removed.htmCheltenham & Gloucester (C&G), the mortgage lending arm of Lloyds TSB, has withdrawn some of its most competitive mortgage deals...Fri, 10 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Spanish_mortgage_lending_falls_by_half.htmThe total value of new Spanish mortgage lending in August was down 47 per cent on the same time last year.Thu, 09 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/600_mortgage_products_off_menu.htmAccording to research carried out by Moneyfacts, the personal finance researcher, almost 600 mortgage products were withdrawn from the market last week, making borrowing even more difficult for potential homeowners...Wed, 08 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/£300_billion_wiped_off_property_values.htmThe average value of homes in Britain has been falling by £43.84 every day since the beginning of the year, wiping a staggering £300 billion in value off the housing market since January...Wed, 08 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/New_Zealand_mortgages_scarce.htmMortgage lenders in the land of the long white cloud have tightened their lending criteria even further, making it far more difficult for potential property buyers to obtain a mortgage...Tue, 07 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/Research_before_remortgaging.htmHomeowners looking to remortgage are being urged to seek out a new deal six months before the current rate expires...Tue, 07 Oct 2008 12:47:00 GMThttp://www.pattinson.co.uk/public/content/articles/France_Holds_Out_Against_Credit_Crunch.htmFrench banks have historically been very cautious about who they lend money to, and to limit risks they have tended to spread their investments more widely than banks in the UK or the USA...Mon, 29 Sep 2008 13:48:00 GMThttp://www.pattinson.co.uk/public/content/articles/New_mortgages_for_Caribbean.htmThe Caribbean property market, whilst popular with foreign investors, has been held back by the lack of finance available to non-nationals. Now, Caribbean Land and Property is offering mortgages to resident expats and foreign buyers in 19 Caribbean countries.Wed, 24 Sep 2008 13:48:00 GMThttp://www.pattinson.co.uk/public/content/articles/Massive_drop_in_gross_mortgage_lending.htmMortgage lending has fallen 36 per cent from a year ago, hitting a new low of £21.8 billion, according to the latest data released from the Council of Mortgage Lenders.Fri, 19 Sep 2008 12:48:00 GMThttp://www.pattinson.co.uk/public/content/articles/New_scheme_to_boost_mortgage_market.htmBank of England Governor Mervyn King has announced that a new scheme aimed at boosting liquidity in the mortgage market will be unveiled next week.Mon, 15 Sep 2008 13:49:00 GMThttp://www.pattinson.co.uk/public/content/articles/Obtain_for_Spain_new_ID_required.htmDon't be blinded by the sun in Spain- although the country is a firm favourite with British buyers looking for that second home in the sun, owners of Spanish property could lose their homes if they fail to produce new identification documents proving their non-resident status.Sat, 13 Sep 2008 12:48:00 GMT