Variable Rate Mortgage

Type: Keyphrase
Name: Variable Rate Mortgage
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Is now a good time to fix your mortgages?

A recent study reported by the BBC has shown a big North/South divide in terms of total UK mortgage lending.With London accounting for 25% of all mortgage borrowing and the South-East as a whole accounting for 44% according to the Council of Mortgage ... [Published Just Do Property - 17 hours ago]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Central Bank of Ireland : Retail Interest Rate Statistics: February 2014

HouseholdsLoans to HouseholdsThe interest rate on new loan agreements to households for house purchase, with either a floating rate or initial rate fixation of up to one year, was 3.15 per cent at end-February 2014. This represents a 14 basis point increase ... [Published 4 Traders - Apr 11 2014]
First reported Apr 09 2014 - Updated Apr 09 2014 - 1 reports

The north/south divide in mortgage debt

Figures released from the Council of Mortgage Lenders (CML) have revealed a clear north/south divide in terms of mortgage debt, with those in the north actually having far less in outstanding loans than their southern counterparts.The figures, compiled ... [Published Moneyfacts.co.uk - Apr 09 2014]
First reported Apr 02 2014 - Updated Apr 02 2014 - 2 reports

Cash rate hold means variable rates popular

The recent period of stability in interest rates has – not surprisingly – boosted the popularity of variable home loan rates.According to the latest home loan approval figures from Mortgage Choice, variable rates accounted for 76.06% of all home loans ... [Published Broker News - Apr 02 2014]
First reported Mar 26 2014 - Updated Mar 26 2014 - 1 reports

If banks don't act on mortgage rates, Noonan must

PRESSURE is increasing on banks – particularly Bank of Ireland – to slash their extortionate variable mortgage interest rates.Also in this section Yahoo relocation cements our 'tax haven' reputationNAMA will find it tough to sell Irish propertiesThis ... [Published Evening Herald - Mar 26 2014]
First reported Mar 26 2014 - Updated Mar 26 2014 - 1 reports

Record numbers pursue fixed-rate mortgages

Record numbers are opting for fixed-rate mortgages, as homeowners seek to protect themselves against future interest rate increases from the Bank of England.The Mortgage Advice Bureau has revealed that 96% of borrowers chose a fixed-rate mortgage in February, ... [Published Which4U.co.uk - Mar 26 2014]
First reported Mar 19 2014 - Updated Mar 20 2014 - 2 reports

4 Sharp increase in debt write-down deals

A group involved in brokering deals between banks and distressed mortgage holders has reported a sharp increase in activity.The Irish Mortgage Holders’ Organisation (IMHO) said it had recently negotiated 97 deals involving customers of Allied Irish Banks ... [Published Irish Times - Mar 20 2014]
First reported Mar 19 2014 - Updated Mar 19 2014 - 1 reports

Homeowners should anticipate £300m added to mortgage repayments

Mortgage customers should expect larger mortgage repayments over the next year as they get their share of an additional £300 million estimated to be added to the nationwide bill, according to watchdog Which?This is as a result of Standard Variable Rate ... [Published Money Extra - Mar 19 2014]
First reported Mar 19 2014 - Updated Mar 19 2014 - 1 reports

Mortgage blog: The winners and losers from five years of low interest rates

marked the fifth anniversary of the Bank of England base rate hitting its record low of 0.5%. For half a decade the UK has enjoyed historically low interest rates with the Bank of England voting to hold the base rate at half of 1% 60 times.Over the last ... [Published What House? - Mar 19 2014]
First reported Mar 19 2014 - Updated Mar 19 2014 - 1 reports

Homeowners on fixed rates risk £207 a month mortage rises

More than 2.3 million took out fixed rates in 2004 and 2005 "Pre book" your mortgage to avoid quick rate risesMore than 2.3 million homeowners with fixed rate mortgages are risking increases in their monthly repayments of as much £207 a month if they ... [Published Money Expert - Mar 19 2014]
First reported Mar 14 2014 - Updated Mar 14 2014 - 1 reports

Irish mortgage interest rates remain below euro area average

Central Bank figures show mortgage rates here were 3.01 per cent at the end of JanuaryMortgage interest rates in the Republic remain below that of the euro area average, according to new figures from the Central Bank.Traditionally, mortgage interest rates ... [Published Irish Times - Mar 14 2014]
First reported Mar 05 2014 - Updated Mar 05 2014 - 2 reports

Five years of ultra-low interest rates - in seven simple interactive line charts

The five years since the monetary policy committee cut the base rate to 0.5% – the lowest since the Bank of England was founded in 1694 – have been a boon for borrowers and a sore point for savers. But rock-bottom interest rates will not be around fo ... [Published Guardian.co.uk - Mar 05 2014]

Quotes

"It is very important that policymakers are fully aware of this when considering future monetary policy decisions, as an increase in interest rates is likely to affect poorer regions much more severely than others… As variable-rate mortgages are more sensitive to financial shocks, it is a matter of national economic concern that there is such a geographical imbalance in the way that mortgages are distributed in the UK" said Ms Koblyakova
"With interest rates expected to stay low for another year these borrowers will continue to benefit. However, with a base rate rise on the horizon, now is the time to be seriously thinking about reviewing your mortgage arrangements with a professional."
"There basically is no excuse for being on a standard variable rate mortgage and we'd urge everyone with them to at the very least have a looklook at what else is on offer."
"It is encouraging that a third of people we spoke to had approached their lender but worryingly in one in five cases, they said their lenders offered no help at all. This is just not good enough and we want to see banks do more to help their customers who are struggling."

More Content

All (25) | News (24) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Is now a good time to fix your mortgages? [Published Just Do Property - 17 hours ago]
Central Bank of Ireland : Retail Interest Rate ... [Published 4 Traders - Apr 11 2014]
The north/south divide in mortgage debt [Published Moneyfacts.co.uk - Apr 09 2014]
Remarks by the Supervisor of Banks at the “Calc... [Published Bank of Israel - Apr 09 2014]
Cash rate hold means variable rates popular [Published Broker News - Apr 02 2014]
Fixed rates no longer favoured as borrowers tur... [Published Property Observer - Apr 02 2014]
Buy-to-Let Investments - Getting it Right [Published Property Secrets - Apr 01 2014]
If banks don't act on mortgage rates, Noonan must [Published Evening Herald - Mar 26 2014]
Record numbers pursue fixed-rate mortgages [Published Which4U.co.uk - Mar 26 2014]
4 Sharp increase in debt write-down deals [Published Irish Times - Mar 20 2014]
Osborne tells the same old story but this isn't... [Published New Statesman - Mar 19 2014]
AIB agrees to write off €195,000 in mortgage debt [Published Irish Times - Mar 19 2014]
Mortgage blog: The winners and losers from five... [Published What House? - Mar 19 2014]
Homeowners on fixed rates risk £207 a month mor... [Published Money Expert - Mar 19 2014]
Homeowners should anticipate £300m added to mor... [Published Money Extra - Mar 19 2014]
Central Bank of Ireland-Retail Interest Rate St... [Published HispanicBusiness.com - Mar 17 2014]
Irish mortgage interest rates remain below euro... [Published Irish Times - Mar 14 2014]
Retail Interest Rate Statistics: January 2014 [Published Financial Regulator Ireland - Mar 14 2014]
Lots done, more to do [Published Irish Independent - Mar 09 2014]
Northwest Healthcare records $20.74-million in ... [Published Stockwatch - Mar 05 2014]
Five years of ultra-low interest rates - in sev... [Published Guardian.co.uk - Mar 05 2014]
Five years of ultra-low interest rates - in sev... [Published News: Datablog | guardian.co.uk - Mar 05 2014]
Five years of QE and record low interest rates:... [Published Pensions World - Mar 04 2014]
Tracker mortage rate at 1.78pc is best buy [Published Telegraph - Sep 30 2013]
FCA [Published TrustNet - Sep 26 2013]
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Five years of ultra-low interest rates - in sev... [Published News: Datablog | guardian.co.uk - Mar 05 2014]
Who has won and who has lost since the MPC slashed rates to 0.5% on 5 March 2009? The five years since the monetary policy committee cut the base rate to 0.5% – the lowest since the Bank of England was founded in 1694 – have been a boon for borrowers ...
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