Mortgage News
Leeds launches unique 0% deals and only 10 year HTB mortgage
Unique Help to Buy (HTB) mortgages with an introductory 0% rate and fixed terms up to 10 years are being launched by Leeds Building Society in partnership with Barratt Developments.
Online mortgage applications set to double
Nearly one in six homeowners applied for their current mortgage online (16%) and this is set to double, with 33% saying they are likely to apply for their next mortgage online, according to latest research from HSBC.
Post Office to widen mortgage distribution
The Post Office in partnership with Bank of Ireland UK, its financial services partner, has today announced its intention to widen distribution through the Legal & General Mortgage Club.
Countdown to new mortgage lending rules
In two weeks the way people in the UK get a mortgage will change. New rules from the Financial Conduct Authority (FCA), which come into force on 26 April 2014, will make sure a common sense approach is taken for every lending decision.
UK mortgage lending in February continues strong year-on-year growth
The Bank of England reported earlier this month gross UK mortgage lending was £14.8 billion in February, a 8% fall compared to January, but 40% higher in value than February last year.
Lloyds Bank offers homemovers up to £1,000 cashback
Lloyds Bank announces the launch of a new offer for homemovers. From Friday 28 March, Lloyds Bank will refund two months’ worth of interest on mortgage borrowing for qualifying homemovers, up to a value of £1,000.
Gross mortgage lending up 43% on last year
The Council of Mortgage Lenders estimates that total gross mortgage lending was £15.2 billion in February.
First time buyers get stamp duty boost
As a sign of its ongoing commitment to helping first time buyers get onto the property ladder, Halifax has offered to pay the full stamp duty bill for first time buyers purchasing properties up to the value of £250,000.
A quarter of first-time buyers are unprepared for the cost of stamp duty
Almost a quarter (22%) of first-time buyers are not considering the cost of stamp duty before making an offer on their potential home, according to new research by TSB. Alarmingly, one in seven (14%) people buying their second or third homes do not consider stamp duty either.
January gross mortgage lending up 33% year-on-year
Gross mortgage lending was an estimated £15.5 billion in January, according to the Council of Mortgage Lenders.
Over 30,000 Yorkshire Building Society customers to be refunded mortgage arrears fees
Yorkshire Building Society Group (YBS) will voluntarily refund all administration fees for mortgage arrears since January 2009.
Skipton boosts support first time buyers
The UK’s fourth largest building society is strengthening its efforts to support first time buyers even more, as it joins the government backed Help to Buy Equity Loan scheme.
Metro Bank grows residential mortgage lending
Metro Bank, the revolutionary High Street bank, has announced huge growth in its residential mortgage lending in the last year. The bank, which last week announced its Q4 financial statement, increased its residential mortgage lending by more than 400% over the course of 2013.
Lloyds Bank offers remortgage customers £500
Lloyds Bank has announced the launch of a new offer for remortgage customers.
December gross mortgage lending up 49% year-on-year
Gross mortgage lending was an estimated £17 billionin December, according to the Council of Mortgage Lenders.