Finance & Mortgage

Gross mortgage lending 10% stronger than a year ago

Gross mortgage lending declined to an estimated £10.5 billion in January. Lending fell by 14% from £12.2 billion in December but was 10% higher than the total of £9.5 billion in January 2011, according to the Council of Mortgage Lenders(CML).

Home Loan Applicants Urge to Research on Bank Rates Well

Bank customers wishing to compare the lending rates of major Aussie banks should research the facts by themselves as these will not be volunteered to them, according to consumer advocacy group Choice.

China Shanghai Changes Housing Tax

China - The Shanghai city government is offering lower taxation for the average homepurchase after revising the standards of "ordinary" houses on Thursday.However, experts are cautious about whether the new standards will help "wait-and-see"homebuyers make a faster decision.