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The first major sign that the US sub-prime mortgage crisis will hit UK borrowers came today, as the Bank of England offered emergency funding to mortgage lender Northern Rock.
The Chancellor of the Exchequer and the Bank of England today authorised emergency credit to Northern Rock, Britain's biggest mortgage lender in the first half of the year, to "help it fund its operations during the current period of turbulence in financial markets".The truth about house prices
We are constantly bombarded with, often conflicting, information regarding house prices. Paula John provides a round-up of the major indices, explaining why they differ.
The July/Aug issue of Your Mortgage is on sale now. In it we explain who now owns which UK banks and building societies; the ins and outs of interest-only mortgages, who they are appropriate for and the options for paying them off; we explain how offset mortgages work and how you could use one to make the most of your money, and why buying property overseas right now could be a smart move – if you look in the right place and arrange the right finance. Get your copy for the latest news, information and help.
The Your Mortgage Awards aim to reward those lenders that have excelled in providing innovative and competitive products. Widely regarded as the UK's definitive consumer mortgage awards, the Your Mortgage Awards have now been running for 20 years.





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