Mortgage News
Alliance & Leicester launches new mortgage deals
Alliance & Leicester is launching a new range of mortgage products, which will be available via brokers, branches and our call centre from Friday 9 May 2008.
Pause before bi-monthly rate cuts resumed
"The MPC's decision to leave Bank Rate unchanged this month was widely expected, despite conditions continuing to deteriorate in the mortgage and property markets," comments Ray Boulger of leading independent mortgage adviser, John Charcol.
MoneyExpert.com: Bank of England base rate decision
Sean Gardner, founder of MoneyExpert.com, said: "In recent months it's actually the rate of LIBOR that banks have been most concerned about, so movements in the base rate aren't as important as they used to be.
CML responds to decision to hold rates at 5%
The Council of Mortgage Lenders was unsurprised by today's MPC decision to keep rates on hold at 5%. Michael Coogan, CML director general, commented:
Credit crunch advice for expat house buyers
The credit crunch is now hitting home in a way which few would have forecast in the days after Northern Rock crisis first hit the headlines.
moneysupermarket.com: Lloyds TSB airmiles mortgage
Commenting on the launch of the new three year fixed rate Lloyds TSB airmiles mortgage product, Louise Cuming, head of mortgages at moneysupermarket.com, said: "This is a great product for cash strapped Brits in need of a little help to go on holiday, but only if the product is suitable for them and they are able to take advantage of the rewards scheme.
MoneyExpert.com: Lloyds TSB "Airmiles Mortgage"
Sean Gardner, founder of MoneyExpert.com, said: "At first glance you could be forgiven for thinking Lloyds TSB had just launched a mortgage laden with gimmicks.
Trips and mortar
Lloyds TSB announces the second stage of its AIRMILES partnership, with the launch of an AIRMILES mortgage.
Falling house prices do not shut the door to equity release
In response to property prices facing their first annual fall in 12 years, SHIP (Safe Home Income Plans) seeks to reassure people planning to release value from their property, either imminently or at some point in the future.
Chelsea withdraws intermediary mortgage product range
Chelsea Building Society has today taken the decision to temporarily withdraw its intermediary mortgage product range from close of business today until Friday 9 May.
Abbey for intermediaries to bring back exclusives
Abbey for Intermediaries is to re-introduce mortgage exclusives through its broker channel after withdrawing them last month to help maintain service levels.
HiFX extends lending reach to cover the Caribbean
HiFX Mortgage Services, the fees free overseas mortgage brokers, has announced the addition of a Caribbean lender to its panel of providers. First Caribbean National Bank will finance properties across the islands and provide mortgages to expats in the Caribbean and UK residents.
AFB: Bank of England Financial Stability Report
The Association of Finance Brokers (AFB) has welcomed the publication of the Bank of England Financial Stability Report which states that the correction in the credit markets has gone too far and that risk appetite should return in the coming months.
AMI welcomes Bank of England's Financial Stability Report
The Association of Mortgage Intermediaries (AMI) has responded to the publication of the Bank of England's Financial Stability Report.
There is worse to come
David Kuo, Head of Personal Finance, says: "The recent mortgage approval figures from the Bank of England are further proof that the property market is in the midst of a severe downturn. A revival is unlikely until banks get their own houses in order.