Lowest number of Mortgage Approvals since records began.
In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
Tue 29th Apr 2008
Are the Banks getting greedy?
In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
Thu 24th Apr 2008
Comparison websites under the hot spotlight.
The centre for competition policy has produced a report saying independent checks need to be made of comparison websites.
Sat 12th Apr 2008

Eco-friendly mortgages still "niche product"

Wed 16 Jan 2008 5pm

The demand for green products on the UK mortgage market is still relatively small, a lending expert has stated.

Alison Rolls of the Norwich and Peterborough Building Society said that the green mortgage is "still very much a niche product" among UK borrowers and will "stay a niche product in 2008".

She explained that while demand for eco-friendly home loans is gradually increasing, the market remains "very rate-driven", with the majority of borrowers looking to capitalise on the best deals rather than help the environment.

Ms Rolls stated: "For second and third homebuyers it would be nice to think that they put the environment more on their shopping list, but at the moment it's a fact that it's all about rates and less about ethics."

Speaking about the ongoing bid to raise public awareness of ethical financial products, she said: "It's happening but it's just very slow."

Green mortgages are usually those offered by lenders which make a contribution to environmental charities or will only finance eco-friendly properties.