Mortgage News
LV= launches Flexible Lifetime mortgage
Retirement specialist LV= has launched today a new equity release product - Flexible Lifetime Mortgage - that allows homeowners to draw down funds from the equity in their home when they need to.
UK mortgage approvals fall further
The increase in total net lending to individuals in May (£5.4 billion) was below the increase in April and the previous six-month average, according to figures from the Bank of England (BoE).
HSBC launches new discount mortgage deals
HSBC is continuing to offer market-leading mortgages by launching a range of discount deals, including a 4.99% two-year discount loan that is the only two-year sub-5% discount mortgage on the market.
Paradigm sign up Unleash advice as new partner members
Paradigm Mortgage Services, the mortgage partnership proposition, has announced Unleash Advice Partnership Ltd as the latest network to sign up as Partner members.
Paradigm to offer members a Bright Grey future
Paradigm Mortgage Services, the mortgage partnership proposition, has announced the addition of Bright Grey to its dual protection proposition.
Mortgage Account Fee on all HBOS mortgages
Commenting on the introduction of a Mortgage Account Fee on all HBOS mortgages, Louise Cuming, head of mortgages at moneysupermarket.com, said: "HBOS has waited until the exit fees debate has died down before sneaking in a more expensive charge.
Abbey cuts fees on its flexible deals
Abbey is reducing the fee on all its flexible mortgages by £1,000 to £1,499.
Mortgage approvals fall in May
May’s mortgage lending was much weaker than April and a record low number of house purchase approvals means the subdued picture will continue, according to the British Bankers’ Association (BBA).
LV= Mortgage & Lifestyle Protection awarded five stars
The new Mortgage & Lifestyle Protection product from protection specialist LV= has received a coveted five star rating from Defaqto, reflecting the innovation and flexible covers offered by the newly launched Mortgage Payment Protection and Living Expenses Protection plan.
Paradigm chooses Equilaw for equity release legal services
Paradigm Mortgage Services, the mortgage partnership proposition, has revealed Equilaw LLP as its chosen legal services supplier for all equity release-related matters.
Need for further clarification and advice on equity release
The 1st quarter 2008 sales figures issued by SHIP reflect a strong underlying demand despite a drop in funds released, comments Just Retirement.
Alliance & Leicester launches ifax
Brokers and their clients are set to benefit from a new and quicker way to send packaging to Alliance & Leicester's intermediary mortgage centre with the introduction of ifax.
Cobalt Capital on May CML figures
Andrew Montlake, partner, independent mortgage broker Cobalt Capital, comments on today's CML lending figures: "Today's mortgage lending figures were just about as expected and are in line with a 20% drop in general activity levels that most mortgage brokers have seen.
Gross lending edges down in May
Gross lending totalled an estimated £25.5 billion in May, down only 2% from £26.1 billion in April but 19% from the £31.5 billion high in May 2007, according to the CML.
Cost of fixing mortgage jumps up, but people still dash to fix
Legal & General's second report in the ‘Mortgage Purchase Index' series analyses trends from over 24,000 mortgage applications made in the last quarter.