MORTGAGES

• Hometrack Reports that Mortgages in the UK Will Not Increase in 2011
  According to Hometrack, banks in the UK will not increase the amount of loans issued in 2011 due to increased regulatory pressure and a decline in funds.
• Departure of the Default Retirement Age Increases Mortgages
  There is a chance that in the next several months, the default retirement age in the UK, otherwise known as the DRA, will be dropped.
• 3 Million in the UK Would Not be Able to Pay their Mortgage if Rates Rose
  A recent report has found that over three million citizens in the UK would not be able to make their mortgage payments if the rates rose by just 1%
• Financial Group Salans Announces Sale of Its UK Mortgage Business
  Recent news involving financial firm Salans is going to further shake up the mortgage market in the UK. Recent news has not been positive for the mortgage markets.
• Bloomberg reports that Mortgage Approvals Have Remained Very Low
  As reported by major media outlets both in the UK and abroad, the number of mortgages approved in the United Kingdom has dropped or remained at its low rate.
• New Home Sales Numbers Released by Major Home Developer and Seller, Barratt Developments
  Barratt Developments, has reported positive numbers recently is good news for those who have current mortgages or for those who will be receiving mortgages soon.