Coventry to launch new mortgage products
Coventry, a UK-based building society, is launching a new range of mortgage products, which include a two-year residential fixed rate of 4.99% available at 85% loan to value, with free valuation and free remortgage transfer service.
Read more News Source - Banking Business Review
Publish date - 11:42:23 01/06/09

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Big lenders to dominate 2009 mortgage Best Buys, says experts
In a study published today by mform.co.uk, HSBC was named the most consistently competitive mortgage lender of 2008, with Nationwide coming fifth. In the same study last year the top five were all building societies.
Read more News Source - Money Marketing Online
Publish date - 17:23:02 01/05/09

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(AFX UK Focus) 2009-01-05 00:30 China banks begin offering reduced mortgage rates - Xinhua
BEIJING (XFN-ASIA) - China's major commercial banks are beginning to offer mortgage rates for eligible borrowers at 70 pct of the benchmark rate from 80 pct, in accordance with a central bank ruling late last year, the official Xinhua news agency reported.
Read more News Source - Interactive Investor
Publish date - 00:59:53 01/05/09

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(AFX UK Focus) 2009-01-06 03:55 UPDATE 1-Chinese banks' mortgage books in good shape-c.bank
BEIJING, Jan 6 (Reuters) - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, in spite of a downturn in the real estate market, a central bank official said on Tuesday. Banks had extended 2.95 trillion yuan ($432 billion) in home loans by the end of November, up 10.6 percent from a year earlier and accounting for about 10 percent of their local ...
Read more News Source - Interactive Investor
Publish date - 04:15:58 01/06/09

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(AFX UK Focus) 2009-01-06 00:46 BRIEF-Rep. Frank: Curbing mortgage foreclosures should be No. 1 priority
WASHINGTON, Jan 5 (Reuters) - U.S. Rep. Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, in a CNBC television interview: * Says the Democrats' economic stimulus package "will help improve the quality of life" with better bridges, mass transit, environment in addition to creating jobs. * Says he has been focusing on Treasury Dept's $700 billion TARP ...
Read more News Source - Interactive Investor
Publish date - 01:15:02 01/06/09

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UK House Prices Continue Downward Trend - Nationwide
(RTTNews) - UK house prices declined for the ninth straight month to show a record fall in December. Outlook for 2009 remains subdued, but low supply would possibly assist in recovery, a report from Nationwide Building Society said Tuesday.
Read more News Source - INO News
Publish date - 09:28:53 01/06/09

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UK house prices see biggest ever yearly drop
UK house prices fell by 15.9% during 2008, the biggest annual drop on record, the Nationwide Building Society said today.
Read more News Source - RTÉ News
Publish date - 08:48:23 01/06/09

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House prices in Scotland fall less steeply than rest of UK
Property prices in Scotland have been hit less badly than in other parts of the UK, new figures have revealed. The Nationwide Building Society reported that the UK's annual house values fell by a record 15.9% in 2008 but that in Scotland prices went down by 8.1% over the year.
Read more News Source - The Herald
Publish date - 09:52:57 01/06/09

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UK firms face 45pc fall in earnings says Citigroup
UK companies face a 45pc drop in earnings as the credit crisis chokes the economy this year according to Citigroup. But most of the damage is already reflected in today's battered share prices.
Read more News Source - Daily Telegraph
Publish date - 06:41:39 01/06/09

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(AFX UK Focus) 2009-01-06 03:07 Chinese banks' mortgage books in good shape-c.bank
BEIJING, Jan 6 (Reuters) - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, despite a downturn in the real estate market, a central bank official said on Tuesday. Banks had extended 2.95 trillion yuan in home loans by the end of November, up 10.6 percent from a year earlier and accounting for about 10 percent of their local currency lending, ...
Read more News Source - Interactive Investor
Publish date - 03:46:41 01/06/09

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