Mortgage News
Mortgage rates starting to edge up on base rate rise speculation
With recent indication that the Base Rate could rise in a matter of months, several lenders have started to hike their mortgage rates. Therefore those looking for a new mortgage should make the most of the current offers now before it’s too late, urges MoneySuperMarket.
Halifax launch market leading instant online Agreement in Principle
Halifax has launched a mobile Agreement in Principle (AIP) tool which enables customers to receive an instant lending decision while they are on the move in less than fifteen minutes.
Platform reduces rates for borrowers with smaller deposits
Platform, the intermediary lender of The Co-operative Bank, has revised its mainstream mortgage range available to brokers.
Gross mortgage lending up 29% in June
Gross mortgage lending in June showed a significant rise compared to the previous month, according to the Council of Mortgage Lenders.
Mortgage broker confidence sitting just below highest recorded levels
Mortgage broker confidence in the outlook for their own firms continues to recover, with the proportion of intermediaries who feel ‘very confident’ about the outlook for the intermediary sector and the mortgage market as a whole increasing in Q1, according to the latest Halifax Intermediaries Broker Confidence Tracker.
Around half of young borrowers will need a mortgage lasting into retirement
Around half of 25-34 year olds say they may need a mortgage that lasts into retirement, a BSA survey has revealed.
Mortgage rates for first time buyers at their lowest in the last three years
Those looking to get a foot on the housing ladder have never had it so good, as both the...
TSB offers breathing space for home buyers
TSB is launching a new range of “breathing space” mortgages – mortgages which, for the first year have a lower interest rate to help customers wanting to put their own stamp on their new pad.
Arrears and repossessions continue to fall
Latest figures from the Council of Mortgage Lenders show a fall in the first quarter of this year in the number and the proportion of mortgages in arrears or ending in repossession.
Nationwide offers £500 cashback for first time buyers
Nationwide is replacing its current £500 product fee discount with a £500 cashback available to all first time buyers.
More choice for Help to Buy remortgagors from Leeds Building Society
Leeds Building Society has launched two new remortgage products for homeowners who bought their properties with assistance from the Government’s Help to Buy (HTB) Equity scheme.
Borrowers alter spending habits to beat the mortgage approval minefield
With Sunday marking the 12-month anniversary of the introduction of tougher mortgage lending rules, research by MoneySuperMarket has shown that prospective borrowers are changing their spending habits in a bid to pass the tighter lending criteria.
Halifax Intermediaries launches new two-year tracker at 1.09%
Halifax Intermediaries has launched a new range of competitive two and five-year products in addition to reducing rates across the two-year tracker range for first-time buyers, home movers and remortgage customers by up to 0.3%.
Breaking barriers for the rich and famous
Largemortgageloans.com, UK mortgage broker to specialise in arranging mortgages of £500,000 and above, is breaking barriers for high net worth individuals, and has consequently surpassed the £6billion mark in mortgage enquiries in only three years (March 2015).
Leeds is first lender to accept Help to Buy re-mortgages
Leeds Building Society is continuing to innovate in the mortgage market by becoming the first lender to accept re-mortgage applications from Help to Buy Equity borrowers.