First time buyers

ADVISED SALES

The Council of Mortgage Lenders (CML) said it is important for borrowers to know the difference between the types of mortgage fees after BBC Watchdog examined lenders "squeezing" homebuyers with large arrangement charges.

The Liberal Democrats are to propose a scheme whereby parents could use a portion of their pension savings to help their children get on the property ladder.

The Buy to Let Business has today launched the industry's first buy-to-let mortgage club.

House prices across England and Wales rose 0.3% over the past year, buoyed by continued growth in the London market, according to the latest house price data from the Land Registry.

Santander, the UK's second largest mortgage lender, has been criticised for hiking its standard variable rate (SVR) by 0.5% - to 4.74% - a move expected to affect several hundred thousand customers.

The proportion of borrowers remortgaging increased to four in ten last month, which could signal the start of a rush as fixed rates continue to fall for home owners with a large deposit, said an adviser.

Tesco Bank has made a move into the mortgage market by launching a range of non-advised deals.

Abbey for Intermediaries is to reduce rates on a number of its mortgage products.

UK house prices declined for the fourth time in five months in July, with prices falling by 0.7%, reported Nationwide.