Mortgages | Mortgage news, rates and offers

Nationwide Building Society has announced that it is cutting the price of some of its fixed rate mortgage deals by up to 0.30%.

Mortgage lending for house purchase remained subdued in March but remortgaging levels held up well in the face of funding constraints, according to data released by the Council of Mortgage Lenders.

In April, borrowers responded to headlines of falling house prices and rising costs of living, by seeking security in fixed rates and exercising caution about investing in buy-to-lets.

A new £10 million package of measures to support home owners who may be facing difficulties with their mortgage, is announced by Chancellor of the Exchequer, Alistair Darling and Housing Minister Caroline Flint.

Commenting on the rise in repossession orders announced, Nicola O'Reilly from the National Consumer Council, said: "Lenders must do more to help home owners before they get into debt by targeting vulnerable customers, such as those coming off fixed rate deals.

Alliance & Leicester is launching a new range of mortgage products, which will be available via brokers, branches and our call centre from Friday 9 May 2008.