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MortgageBrokers.co.uk News

• Homeowners cope with price falls
  Homeowners are far better placed to weather a house price crash than in the 1990s, BBC research suggests.
  
  
• Repossession orders climb by 17%
  The number of people under threat of losing their homes has risen sharply in England and Wales, figures show.
  
  
• Alliance and Leicester's rates up
  Alliance and Leicester joins other lenders in charging new customers with smaller deposits higher rates.
  
  
• Repossession figures ignore many in trouble
  As UK repossession orders rise, homeowners are using various tactics to avoid losing their homes.
  
  
• NI homeowners facing repossession
  The number of Northern Ireland homeowners facing repossession orders is up by more than 30%.
  
  
• AIG posts record loss on bad debt
  Insurance giant AIG posts its biggest ever quarterly loss due to its continuing exposure to bad US mortgage debt.
  
  
• Help pledged over repossessions
  The government will help those with problems repaying mortgages as repossessions are expected to increase.
  
  
• Warning on slow mortgage recovery
  Mortgage markets will take two years to recover from the credit squeeze, the Building Societies Association says.
  
  
• Woolwich now demands 10% deposit
  The Woolwich is the latest big lender to demand a 10% deposit from all new mortgage borrowers.
  
  
• Bovis sets out new profit warning
  The housebuilder Bovis Homes has issued another profit warning, as credit for borrowers remains tight.
  
  
• Third loss for US mortgage giant
  US mortgage finance firm Fannie Mae posts its third consecutive quarterly loss as the housing slump deepens.
  
  
• Guide to mortgage jargon
  Homeowners and first-time buyers looking for a new mortgage are faced with lots of jargon to battle through.
  
  
• Mortgage fraudster banned by FSA
  A mortgage broker from South London is banned for submitting fraudulent mortgage applications.
  
  
• Estate agents 'closing branches'
  Estate agents in the UK are closing branches at a rate of 150 every week, according to research.
  
  
• Brokers challenge mortgage deals
  Mortgage brokers complain of not being allowed to offer some new mortgage deals to potential borrowers.
  
  
• US mortgage firm deal 'at risk'
  The sale of the third largest US mortgage lender, Countrywide, to the Bank of America may be at risk, analysts say.
  
  
• Halifax restricts new mortgages
  The Halifax will stop offering home loans on its standard variable interest rate (SVR) to new customers from 3 May.
  
  
• Halifax confirms house price fall
  UK house prices saw an annual fall of 0.9% in April, says the UK's biggest mortgage lender.
  
  
• UK house prices in 1% annual fall
  House prices in the UK have recorded their first year-on-year fall for 12 years, says the UK's biggest building society.
  
  
• What is in store for house prices?
  Experts now expect house prices to fall this year and maybe next year too.