Mortgage News

AMI: CML repossession figures

The Association of Mortgage Intermediaries (AMI) has responded to today's repossession figures from the Council of Mortgage Lenders (CML).

Keep up your payments and pay your mortgage off early

Charcol advises borrowers to maintain their higher payments, to reduce their term. “Borrowers worked hard to live to a tighter budget last year, and now that bank rate has started falling, just keeping their mortgage payments up at the level they are now used to, they could reward themselves with an early finish to their mortgage.”

RICS: CML repossession figures

Commenting on CML repossession figures, Simon Rubinsohn RICS chief economist said: "The more challenging climate for the housing market will lead to a rise in repossessions over the course of 2008.

Mortgage borrowers less affected by credit crunch than expected

Commenting on arrears and possessions figures from the CML, Godfrey Blight, chairman of the Intermediary Mortgage Lenders Association (IMLA), said: "UK mortgage borrowers have been less affected by the fall-out of the credit crunch than some commentators had predicted,

The Co-operative Bank to cut mortgage rates by 0.25%

Following yesterday’s changes to the Bank of England Base Rate, The Co-operative Bank will be passing on the full benefit of the base rate reduction to its mortgage customers, by cutting its standard variable rate (SVR) by 0.25% to 7.24%, with effect from 1 March 2008.

Alliance & Leicester announces SVR cut by 0.25%

Alliance & Leicester announces it will be changing its Standard Variable Rate for existing customers from 2 March 2008 to 7.44 %, down 0.25% from 7.69%.

Coventry to reduce Standard Variable Rate by 0.25%

Following today’s Bank of England MPC announcement, Coventry Building Society announces that its standard variable mortgage rate will decrease by 0.25%.

Halifax reduces mortgage rate

Following the announcement by the Monetary Policy Committee of a 0.25 per cent reduction in the Bank Base Rate, Halifax will be reducing its standard variable rate (SVR) from 7.50% to 7.25.

You can tackle inflation even if the Bank of England won't

The Bank of England trimmed interest rates today by 0.25% to 5.25%. The cut was not unexpected following an uncharacteristic tip-off from the Governor of the Bank of England that interest rates were bearing down on demand.

first direct passes base rate cut with immediate effect

first direct has confirmed that it has passed on Bank of England 0.25% base rate cut with immediate effect for all its variable rate mortgage customers and new customers as well.

Nationwide to decrease mortgage rates by 0.25%

Nationwide Building Society today announces that it will decrease its Base Mortgage Rate (BMR) from 1 March 2008 following a decision by the MPC to cut the Base Rate.

HSBC to decrease standard mortgage rate by 0.25%

HSBC Bank plc today announces it will reduce its HSBC variable mortgage rate by 0.25% from the 7th March 2008. Following the Bank of England Monetary Policy Committee’s decision to decrease its base rate today, HSBC’s new rate will fall from 6.75% to 6.50%.