Average five-year mortgage rate falls below 6%
The average rate on a five-year fixed mortgage has dropped below 6% for the first time in nearly three months. Financial information service Moneyfacts said that as of Thursday, the…
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Remortgaging activity jumps 22% in June
Mortgage lending in the UK was 22% higher in June, with remortgage activity rising by over a third month-on-month and year-on-year, the Council of Mortgage Lenders (CML) revealed on Tuesday. The rise…
Bank of England reports continued rise in mortgage approvals
Further signs are emerging of a recovery in the UK housing market, as the Bank of England said today that mortgage approvals rose again in December 2012. The number of…
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