FROM OTHER NEWS SITES
DAILY TELEGRAPH Scotland Yard officers to fly to Libya to pursue Yvonne Fletcher case - Thu, 24 May 2012 18:39:21 GMT
Scotland Yard officers to fly to Libya to pursue Yvonne Fletcher case - Thu, 24 May 2012 19:15:12 GMT
FINANCIAL TIMES Insults fly over troubled HP buyout - Thu, 24 May 2012 17:54:59 GMT
Insults fly over troubled HP buyout - Thu, 24 May 2012 18:29:53 GMT
BBC NEWS BBC News - Business - Thu, 24 May 2012 10:04:29 GMT
BBC News - Business - Thu, 24 May 2012 10:29:35 GMT
Poll
Current Issues
New Issue
Special supplement
Special supplement
Jobs
Jobs of the Week
Upcoming Events
NACFB: Maximise Your Membership Roadshow, Bristol
23 per cent of mortgage products withdrawn in last week
moneysupermarket.com comments on the number of mortgage products pulled by lenders in the week to 27th October 2008
Commenting, Louise Cuming, head of mortgages at moneysupermarket.com said, "Last week was a grim one in the mortgage market with the number of deals available falling 23 per cent (in a week) from 4,930 to just 3,785. Since April 2007 the number of mortgage products on offer has now fallen by 86 per cent. Most of the products that were scrapped last week were sub-prime, highlighting the disappearing options for these borrowers."
The mortgage market in statistics
Three-month Libor rate: 5.95% (-0.17 from a week ago)
Total number of mortgage products: 3,785 (-1,145)
Number of lenders offering two-year fixed mortgages: 47 (-4)
Number of lenders offering three-year fixed mortgages: 56 (-1)
Number of lenders offering two-year tracker mortgages: 22 (+1)
Average best two-year fixed from each of the main providers: 5.62% (-0.08%)
Average best three-year fixed from each of the main providers: 5.80% (+0.01%)
Average best two-year tracker from each of the main providers: 5.73% (-0.06%)
Number of lenders offering 90% LTV mortgages: 42 (+2)
Number of lenders offering 95% LTV mortgages: 17 (+2)
Numbers of lenders offering 100% LTV mortgages: 2 (0)
- Banks to have risk regulated?
- Former mortgage adviser charged at City of Westminster court
- Stick or twist - The first time buyer gamble
- TMA to host series of business forums
- Old fashioned values will help brokers protect clients
- L&G network hits £66bn of applications by 4th birthday
- Spot the pattern in today's economic report?
- Not all doom and gloom on the High Street this Xmas?
- HSBC ranks as most competitive lender, but moves towards direct selling
- Mortgage arrears are sticking and repossessions up says FSA report out today