More first-time buyers paying stamp duty, figures show by Finance News Bulletin

Published: 08/12/07

A greater proportion of first-time buyers are now paying stamp duty when they find a mortgage, new investigate has revealedDue to rising house prices, the figure of new mortgages taken out by first-time buyers which are above the threshold is rising, statistics from the Council of Mortgage Lenders showIn the last day, the proportion of first-time buyers paying stamp duty when they find a mortgage has risen from 48 to 56 per centFurthermore, the Council of Mortgage Lenders' information also suggests that first-time buyers are finding it more and more difficult to find a mortgage

First-time buyers accounted for 35 per cent of all mortgage activity in imposing, the lowest since the survey began in April 2005Michael Coogan, director universal of the Council of Mortgage Lenders, said: "in general affordability has worsened a little, especially for first-time buyers"Over the period of a year, little monthly changes can nevertheless be significant - as the go up in the proportion of mortgage borrowers required to pay trample duty shows"Earlier this week, figures released by the section for Communities and Local Government revealed that inflation is increasing for first-time buyers

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How do I get rent deposit back? - Published:25/11/07

We have moved from a house we were renting but the letting manager will not answer my letters asking for our £1,200 deposit to be returnedThe owner of the house has confirmed by correspondence she is happy with its condition and asked the agents to refund it What more can we do PS, KentSimon Lambert, mortgages and homes expert at This is cash, replies: Deposits have long been one of the major bugbears of the private hire market for tenants and landlords similarTenants fear losing their deposits due to unscrupulous behaviour by a alternative of landlords or agents Meanwhile, landlords and agents fear the alternative of tenants who damage properties beyond the value of their deposit or withhold the last month's rent in anticipation of forfeiting the putHopefully from April 6, the state of affairs will be improved by new Tenancy Deposit Protection rules Landlords or agents must symbol up to either a deposit holding or deposit insurance scheme, and tell tenants within 14 days of captivating their deposit The schemes will then give access to an independent adjudicator who will mediate and settle any disputesUnfortunately for you, the new rules be relevant only to new assured shorthold tenancies in use out from 6 April However, you can take action against the letting manager, especially if you have the property owner's hold upFirst, check to see if the letting agent is signed up to any professional bodies, such as the Association of housing Letting Agents or the National friendship of Estate Agents If so, you should inform the letting agents that you will be coverage them to their deal body for withholding your deposit and hopefully they will return it to you Should they fail to do so, the deal organisation will investigate their behaviourIf the agent is not a member of a trade corpse, obtain a copy of the correspondence from the property owner stating that she is happy with its condition and needs the deposit returned You can then get in touch with your local Trading Standards office and ask for their assist Failing this, your final course of act may be the small claims court – it is relatively simple to make a small maintain and can be done over the internet For advice read This is Money's guide to making a small claimpropel a correspondence recorded delivery requesting return of the deposit within 14 days, stating that if this is not done you will contact a solictor to get well the deposit and costs incurred (perhaps send a copy to their skull office) That's what I did when I was in the same situation I got a call the day the correspondence arrived apologising for the delay, with the manager offering some pathetic excuse about it takes a long occasion for the cheque to be issued I got the cheque a day or two afterwardSelect a loan word 12 months (1 year) 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 years)Please choose a type of insurance Life insurance Home and inside Car Breakdown services Health - medical Health - dental journey Pet - dog Pet - cat GOThinking about investing in property This is Money has the most excellent.

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Halifax hikes mortgage rate - Published:01/11/07

Halifax, the UK's largest mortgage lender, has let down borrowers by bumping up its mortgage rate next the Bank of England's interest speed hikeThe bank will now charge borrowers on its Standard Variable Rate 7%, up from 675% The alter will add £384 to the yearly bill of somebody with a 25day £200,000 mortgageHalifax is the first major lender to move its SVR and it is likely that competitors will now follow its leadastonishingly, an estimated third of homeowners are paying the lender's SVR, even though there are more competitive set and follower rates availableLouise Cuming, head of mortgages at moneysupermarketcom, said: 'My advice, if you will not bring upon yourself a penalty to button mortgage products, is to shop around urgently Any borrower paying their lender's standard changeable rate of around 675 per cent really should take action now to appraisal their borrowing'They should move toward their existing lender to see if they can move onto a more competitive rate If that's not possible, they should think a remortgage to negate the effect of this base rate go up and 'future proof' themselves for potentially more upward group'Select a loan term 12 months (1 day 24 months (2 years) 36 months (3 years) 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 years) 120 months (10 years)Please select a kind of insurance Life insurance Home and contents Car Breakdown armed forces Health - medical Health - dental journey Pet - dog.

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Inflation continues to affect interest rates in UK - Published:24/10/07

Officials from the Bank of England's Monetary Policy group have warned that price rises continues to pile on pressure with regards to interest rate risesLast week interest rates in the UK were pressed up by another 025% - the fifth quarter point go up since last August - taking the base rate to 575%, its uppermost in the last six yearsHomeowners and borrowers on changeable rate loans have therefore seen repayments rise yet again, and many feel that there will now be another sway towards set rates by those that are nervous about further interest rate rises that could consequence in crippling repaymentsReferring to the hazard posed by inflation at present, the Monetary rule Committee stated "most indicators of pricing pressure remain eminent" According to some industry professionals and analysts this is a certain sign that interest rates will rise further still this yearAlthough the interest speed hikes mean that those with savings will earn extra interest on some accounts, it also means that homeowners with a mortgage of £100,000 will now see their repayments rise by up to £20 a monthWith many homeowners already struggling to meet journal mortgage repayments, and with the danger of further interest rate rises to come, consumers debt charities have spoken concern with regards to how some homeowners will cope with the belongings of these risesOne spokesperson from the Citizen's Advice Bureau affirmed: "We're seeing more and more people coming in for help with mortgage or tenable loan arrears "She added: "People are really stretching themselves to the limit to buy a house and take on a mortgage A little increase in interest rates could just tilt them over the edge"One banking official said that further rate rises seemed likely known the content of the MPC report He supposed: "The content of the statement is very similar to what was published in May when they last raised tax The markets will take this as a sign that there's probably more to approach"Recent reports have suggested that consumer interest in set rate mortgage deals is now starting to fall, as consumers think that interest tax are unlikely to go much higher and therefore do not want to be tied into a fixed rate for two or three years in case interest tax begin to fall againOver recent months sum protection insurance, or PPI, has been at the centre of controversyYoungsters across the UK will be knowledge more about the dangers of receiving into debt and the benefits of economyAccording to recent reports student loans in the UK have smashed through the £3 billion fence, and at the end of the monetary year stood at £34 billionAccording to recent figures customers in the UK have been continuing to have a loan of, with more have a loan ofing and less saving taking place in the first quarter of this yearnear the beginning Redemption Penalties - Loan Extras - money owing Consolidation Bad Credit - Choosing a Personal Loan - Loan Penalties - cash Saving Loan Tips -.

More first-time buyers paying stamp duty, figures show by Finance News Bulletin

Published: 08/12/07

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How do I get rent deposit back? - Published:25/11/07

Halifax hikes mortgage rate - Published:01/11/07

Inflation continues to affect interest rates in UK - Published:24/10/07