Mortgage News
Bonus time crucial for your mortgage
For many people the January payday includes annual bonuses and pay increases. Research by Charcol.co.uk shows that even the most modest overpayment to your mortgage can reduce the term and save you thousands of pounds from your debt during the term of your mortgage.
The Nottingham launches interest-only commercial mortgage
The Nottingham has expanded its portfolio of commercial mortgages – and is now offering a new, interest-only product to small and medium-sized businesses throughout the UK.
Mortgage Express unveils best-buy lifetime mortgage rates
Mortgage Express has repriced its Lifetime Mortgage and Lifetime Mortgage Extra products, propelling them into the lifetime sector's best-buy tables.
RICS: BBA December lending figures
Commenting on today's BBA figures Oliver Gilmartin RICS senior economist said: "Weaker levels of mortgage lending is unsurprising given the tighter lending standards enacted in recent months.
UK mortgage lending weak in December
December’s mortgage lending continued to be relatively weak and approvals were again low, according to the British Bankers’ Association (BBA).
Beware unnecessary fees for sub-prime advice
After the overspending of Christmas, and the January sales, personal debt can be at its highest and often out of control. Many borrowers will find themselves in such bad credit problems that they will need to remortgage their home to pay for their spending.
Abbey cuts rates on fixed rate deals and launches new stepped products
From Wednesday 23 January Abbey Mortgages is cutting rates on a number of its fixed rate deals and adding more products to its range.
RICS: CML 2007 mortgage figures
Commenting on the CML figures, Simon Rubinsohn, RICS senior economist said: "2007 may have been a banner year for the mortgage market as the CML data released today suggests, but the most timely indicators point to a sharp slowdown in demand for property related loans.
Failure to remortgage costs average homeowner ‘a fiver a day’
A whopping £25 million is wasted collectively every day by people who are not on the most suitable mortgage deal for them, according to research from Abbey Mortgages.
Half a million missed mortgage payments in last six months
Close to half a million cash-strapped homeowners have missed a monthly repayment on their mortgage in the past six months, according to MoneyExpert.com research.
Record gross lending in 2007
2007 as a whole proved to be the strongest ever year for gross mortgage lending, according to the Council of Mortgage Lenders. It reached an estimated £362 billion, up 5% from £345 billion in 2006, and above the CML’s forecast in October 2007 of £360 billion.
It’s never been a better time for Equity Release
Newcastle Building Society Equity Release Service has reviewed the line up of its 2007 recommended equity release plans and made changes based on the improved range of products available to consumers.
Housing market slams on the brakes
Average property values rose by just 1.85% over last year, down from a rise of 7.44% in 2006, according to figures from Moneyextra.com.
More time spent researching holidays than mortgages
Thousands dream of escaping the cold weather at this time of year, but research released today shows that Britons spend almost twice as long planning their annual holiday than they do considering a mortgage.
uSwitch.com launches mortgage price comparison service
uSwitch.com, the leading independent price comparison and switching website is expanding its range of services with the launch of the new mortgage comparison channel.