Latest Property News

• Halifax short-changes borrowers with quarter-point cut
  

  Published 05th Dec 2008

  Halifax, Britain's biggest lender, has vowed to pass on only a 0.25 percentage point cut in interest rates to borrowers on its variable-rate deals

• Bank of England looks at injecting cash
  

  Published 05th Dec 2008

  The Bank of England is working on radical plans to inject cash directly into the economy as a last resort to reverse a slide into recession, a newspaper reported on Friday

• Emergency rescue for mortgage defaulters
  

  Published 04th Dec 2008

  Homeowners who lose their jobs or suffer a severe drop in earnings are to be allowed to defer their mortgage interest payments for up to two years, Gordon Brown announced yesterday

• Lloyds to pass on any rate change
  

  Published 04th Dec 2008

  Lloyds TSB will pass on any cut in interest rates by the Bank of England this week to all existing customers with variable and tracker mortgages

• Queen's speech: Banks face fines for breaking new lending rules
  

  Published 03rd Dec 2008

  Britain's banks will face potentially huge fines if they refuse to lend fairly to small businesses and individuals under legislation to be announced this afternoon

• Financial Services Authority says Halifax tracker loans must fall in line with bank rate cuts
  

  Published 03rd Dec 2008

  The Financial Services Authority said yesterday that more than half a million Halifax customers on tracker mortgages should benefit from further interest rate cuts even though the small print on their loans supposedly prevents them from doing so

• Lenders' mortgage rationing claim
  

  Published 03rd Dec 2008

  Mortgage rationing is set to become more severe in 2009 without government action, according to a lenders' group