Mortgage News

The Mortgage Works launches a new large loans proposition

The Mortgage Works has launched a new large loans proposition enabling intermediaries to apply for loans of up to £5million for their clients.

Halifax reduces mortgage rates

Halifax, the UK's largest mortgage lender, announces it is reducing its mortgage rates for the second time in seven days. The new rates are effective from Saturday 19th July.

Just Retirement welcomes growth in equity release

Second quarter figures from SHIP show that demand for equity release has not been affected by the problems in the UK housing market, comments Just Retirement.

Mortgage lending declines in June

Gross mortgage lending declined to an estimated £23.8 billion in June, down 3% from May and 32% from June 2007, according to the Council of Mortgage Lenders.

Strong demand for Regulated Equity Release qualification

The ifs School of Finance, who offer the industry leading Certificate in Regulated Equity Release (CeRER), revealed that demand for this qualification has been incredibly strong in recent weeks despite increasing difficulties in the mainstream residential mortgage market.

Moneyfacts: SHIP equity release findings

David Knight, analyst at Moneyfacts.co.uk, comments: "Following the latest figures released by SHIP showing the amount of equity release business has risen 14% in Q2 this year Moneyfacts.co.uk can confirm that the number of equity release products available has also risen since the beginning of the year.

‘Rent before you buy' sticking plaster not a long-term cure

Commenting on the rent before buying proposals from the DCLG, Peter Williams, executive director of IMLA, said: "We welcome all positive action from the government to offer support to first time buyers particularly affected by the credit crunch.

Down down deeper and down

"For far too long, the status quo of the mortgage market has been increasing rates and misery for most borrowers. The crunch has seen liquidity in the market all but dry up, but news from Nationwide that they are cutting both tracker and fixed rates will come as a huge relief for all borrowers.

SHIP equity release providers buck the credit crunch

SHIP (Safe Home Income Plans) - the trade body that represents more than 90% of the equity release market in the UK - is pleased to announce that equity release business volumes produced by its members in the second quarter of this year have increased by 14% over volumes in quarter one.

Nationwide cuts price of popular fixed rate and tracker mortgages

Nationwide Building Society has announced that it is cutting the price of some of its fixed rate and tracker mortgage deals by up to 0.46%.

Santander takeover of A&L

Commenting on Santander's £1.26bn takeover of Alliance & Leicester, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "While City types may be breathing a sigh of relief at the creation of a new powerhouse in UK banking, the proposed deal may not be such good news for consumers.