Mortgage News
TSB helps borrowers make successful mortgage applications
Almost two fifths (38%) of Brits searching for their first or next property are concerned their mortgage application may not get accepted, according to new research by TSB. Of those looking for a new property, younger buyers (under the age of 35) are the most concerned (66%).
Post Office joins Help to Buy
Post Office has announced its intention to join the government’s Help to Buy Scheme with its financial services partner, Bank of Ireland UK, further developing its place as a leading challenger to traditional high street mortgage lenders.
November gross mortgage lending up 30% on last year
There was an estimated £17 billion of gross mortgage lending in November, according to the Council of Mortgage Lenders. This was 4% lower than October's figure of £17.6 billion but 30% higher than the £13 billion lent in November last year.
Post Office shakes up the mortgage market with new market leading deals
Post Office has launched a range of new market leading mortgage deals, reinforcing its position as one of the most competitive providers in the market. All new mortgages are available to customers now.
UK’s largest selection of 95% LTV mortgages unveiled
Yorkshire Building Society Group has launched new 95% loan to value (LTV) mortgages to help people with small deposits and equity sums, with competitive rates starting from 4.59%.
Gross mortgage lending shows strongest performance in five years
The Council of Mortgage Lenders estimates that total gross mortgage lending increased to £17.6 billion in October, representing a rise of 9% from £16.2 billion in September and 37% higher than the total of £12.9 billion in October last year.
Almost two thirds of first time buyers receive help in saving a deposit
The Bank of Mum and Dad still has an important role to play for First Time Buyers, with almost two thirds receiving help in saving a deposit for their first property, according to research from Clydesdale and Yorkshire Banks.
The Cambridge continues to help first time buyers
People wanting to buy their first home can benefit from a new low deposit mortgage with The Cambridge which offers reduced monthly payments in the first year, giving them a helping hand when they need it the most.
Monmouthshire continues to help customers get on the property ladder
Monmouthshire Building Society, one of Wales’s largest and most successful financial institutions, has built up an enviable track record in recent years for helping first time buyers onto the property ladder.
The Cambridge launches 95% Exclusive
The two year fixed rate product helps customers by offering a free valuation and low application fee. It will be available to the Society's Cambridge Select group and through Sesame, PMS and Legal & General.
Quarterly gross mortgage lending up 32% on last year
Gross mortgage lending held steady in September and was an estimated £16.2 billion, according to the Council of Mortgage Lenders.
Leeds slashes rates by up to 0.70% on first time buyer mortgages
Leeds Building Society has reduced the rates by up to 0.70% on its shared ownership mortgages, which have been specifically designed to help first time buyers (FTBs) onto the housing ladder, and are available up to 95% of the borrowers share.
The Cambridge launches new mortgage range for intermediaries
The Cambridge Building Society has announced that it will launch its new range of residential mortgage products direct and through Intermediaries.
Home-owner house purchase lending up for sixth successive month
Despite a slight decline in total gross lending in August, lending for home-owner house purchase continued to show growth, according to latest figures from the Council of Mortgage Lenders (CML).
Consumers are left in the dark with Help to Buy
Confusion is rife over which areas of the UK are eligible for what under the government's new Help to Buy scheme.