55% of local authorities in England are now unaffordable on private rents say the housing charity Shelter. Homes cost more than 35% the average take home pay and the level is considered unaffordable by Shelters Private rent watch report. The charity said 38% of families with children who privately rent have had to cut back [...]

The Co-operative Bank is launching its fixed rate mortgage range this Friday with a reduction of up to 0.60%. The two year fixed is at 75%LTV with no fee and been reduced by 0.40% to 3.59% while its two year fix at 85% LTV with a £999 fee has been cut also by 0.20% to [...]

The warm weather was bad news for UK retailers as people were more interested in the sunshine than going shopping. Sales were down 4% last month compared to a year ago according to accountancy group BDO. This was the sharpest fall since March 2009. Fashion stores were the most affected as there were little interest [...]

House prices are lacking in genuine direction according to the Halifax with 0.5% fall in value in September. Price are down 2.3% from a year ago with the average price of a home now £161,132. Halifax said there was a mixed pattern in price changes but on the whole it is stable. Halifax has said [...]

Land registry has revealed that house prices are still stagnant according to their figures. Average prices fell by 0.3% in august to £162,347 that is 2.6% lower than a year ago. This will be the third fall in the past four months and that little change in the annual rate during this time. House prices [...]

The number of mortgage approvals rose to their highest levels since December 2009. The Bank of England said 52,410 mortgages were approved last month. That’s was three thousand more than in July and the highest since December 2009. These figures suggest a slight relax in the lending criteria by banks and other lenders will lead [...]

Tesco bank as cut its interest rate on loans from £7,500 to £14,999 for new customers from 7.4% to 6.7% APR representative. You could find a great deal with Tesco bank if you are considering doing home improvements, want to buy a new car or to consolidate your debts. Representative Example: Loan Amount £10,000 Monthly [...]

State Bank of India plans to launch a range of mortgages on buy to let and residential mortgages in the UK to brokers next year. The largest bank of India was launched in the UK last week for the UK mortgage market with a buy to let product. It will only be offering it direct [...]