Mortgage News
RBS cuts it’s SVR by 0.25 per cent
RBS today announces that its Standard Variable Mortgage Rate will be cut by 0.25 per cent to 7.44 per cent.
Alliance & Leicester: MPC decision to cut bank base rate to 5.25%
Today’s decision by the MPC to cut the Bank Rate to 5.25% was widely expected following a continued weakening of sentiment within the market on the back of a range of data.
Lloyds TSB and C&G reduce mortgage rate by full 0.25%
Following the announcement today by the MPC of a 0.25 per cent decrease in the Bank of England Base Rate, Lloyds TSB and Cheltenham & Gloucester will be reducing their standard variable mortgage rate (SVMR) from 7.50% to 7.25%.
Home really is where the heart is
Research by Charcol.co.uk, the whole of market & fees free mortgage broker, shows that more of their first time buyers (FTBs) have opted to take the plunge and move in together for their first home.
Godiva Mortgages: SHIP’s full year results 2007
Colin Franklin, Managing Director of Godiva Mortgages and Head of Sales for Coventry Building Society’s comments on full year results for the equity release market from industry body, SHIP (Safe Home Income Plans):
Homeowners vote with their feet
Homeowners who are unhappy with their mortgage deal are voting with their feet, with as many as 1.39 million people having dumped their mortgage provider in favour of a better deal in the past six months, according to research by MoneyExpert.com.
LEX Awards - the new signpost when shopping for a mortgage
First Direct and Coventry Building Society are the best lenders when it comes to customer service, according to over 8,000 UK homebuyers who in an independent survey were asked how they had been treated from the mortgage application to completion stages.
Top service award for the Coventry
Coventry Building Society has been awarded the top accolade for customer service by Lending Strategy magazine at this year’s Lending Excellence Awards.
HiFX offer fee free service on overseas mortgages
In a move set to shake up the overseas mortgage industry HiFX Mortgage Services has announced its launch as the only major UK broker to provide a fee free service on overseas mortgages.
Mortgage market remains dominated by prime lending
For all the recent focus on sub-prime mortgages in the US, the UK mortgage market continues to be dominated by prime and self-cert residential lending – and this applies to loans generated both via the intermediary sector and direct to consumer.
Cheshire Mortgage Brokers celebrates 500th mortgage sale
Cheshire Mortgage Brokers (CMB), part of the Cheshire Building Society, is celebrating its 500th mortgage since its launch 18 months ago.
UK mortgage approvals fall
The increase in total net lending to individuals in December (£9.1 billion) was below the increase in November and the previous six-month average , according to figures from the Bank of England (BoE).
New standards for IVA providers come into force
A new set of standards to help people resolve their debt difficulties through Individual Voluntary Arrangements (IVAs) will come into force on Friday, following an agreement struck today between IVA providers and the credit industry.
Lenders squeeze extra profit before base rate falls
With speculation rife that the Monetary Policy Committee will cut base rate again next week, mortgage lenders have been preparing for the potential increased demand by increasing margins offered on tracker rate mortgages.
Kicked when you're already down
Missing mortgage repayments and going into arrears could be costing borrowers even more than they think.