Mortgage News
Lenders must consider bonus and commission, say intermediaries
More than a quarter of mortgage intermediaries say over half of their clients receive regular bonus or commission that they would like to be considered by a lender to boost their affordability assessment.
Chelsea boosts best buy mortgage choice
Chelsea Building Society is expanding its range of best buy mortgages with new products to offer borrowers even more choice.
Northern Rock makes further enhancements to mortgage range
Northern Rock has made further enhancements to its mortgage portfolio, introducing competitive new deals for customers through both direct and indirect channels.
Northern Rock offers raft of competitive new mortgage deals
Northern Rock has made changes to its mortgage portfolio, introducing competitive new deals for residential and buy to let (BTL) customers alike.
Rise in net savings and mortgage completions for The Tipton
August was The Tipton’s most successful month so far this year for both net savings receipts and mortgage completions.
Post Office cuts mortgage rates by up to 1.24%
The Post Office is cutting its mortgage rates by 0.64% on average across all fixed and most tracker rates. The new rates will be available to customers from Wednesday 21 September.
HSBC launches new online mortgage services
HSBC has launched two new online mortgage services to meet growing consumer demand to arrange their finances remotely.
Leeds 2-year discount mortgage at 2.45%
Leeds Building Society has launched a market leading 2-year discount mortgage at only 2.45% available up to 75% LTV.
July house purchase lending highest since August 2010
Overall lending for house purchase rose by both volume and value in July compared to the previous month, according to data released by the Council of Mortgage Lenders.
Northern Rock offers new Intermediary Exclusive mortgage products
As part of its ongoing campaign to support the intermediary sector, Northern Rock has launched a series of mortgages for borrowers with larger deposits, exclusively available through brokers registered with a Northern Rock national account.
Newcastle launches ‘Switch and Fix’ mortgage deal
Newcastle Building Society has launched an innovative new mortgage product that aims to support borrowers stuck debating between the comfort of a fixed rate mortgage deal and the lower rates associated with base rate tracker products.
Northern Rock offers Intermediary Exclusives
Northern Rock has launched a series of 2, 3 and 5 year fixed rate mortgage deals exclusively for brokers as part of its campaign to support the intermediary sector. The competitive deals are available for one week only.
More borrowers seeking mortgage advice for the first time
With mortgage intermediaries gaining greater accessibility to products, many of which are not available on the high street, more borrowers are seeking out professional advice for the first time, according to research by Kensington.
Gross mortgage lending virtually unchanged in July
Gross mortgage lending in July was an estimated £12.6 billion, according to new data from the Council of Mortgage Lenders.
Northern Rock reduces mortgage rates by up to 0.90%
Northern Rock has reduced rates across its mortgage range by up to 0.90% and extended its £500 cashback incentive to include all Buy to Let (BTL) products with percentage fees.