SVR huggers miss out on cheaper mortgage payments

New research from Yorkshire Building Society shows that the number of mortgage borrowers now on their lenders’ standard variable rates (SVRs) is over 2.3 million, representing 28% of the total mortgage market.
Typically these households have come off fixed-term deals and for one reason or another have chosen to revert to their lenders’ SVRs, rather than [...]

Mortgage fears erode housing market confidence

Concerns over mortgage finance are gnawing away at confidence in the UK housing market, according to Zoopla.co.uk.
In a recent survey by the property website, 78% of respondents expected house prices to rise by the end of the year, down from 81% three moths ago.
Thirty four per cent of those questioned named a shortage of mortgage [...]

Good and Bad News About Housing and Mortgages

Most mortgage news presents dire descriptions about worst case housing scenarios and  mortgage defaults. However, there are two sides of a coin, so it’s only fair to also point out potential good news about home mortgages and housing trends.
Mortgage news estimating negative prospects for the housing industry:
1. It has been estimated that there may be [...]