Mortgage News
Co-operative Bank enhances green mortgage offering
The Co-operative Bank has strengthened its position as a leading provider of green mortgages with the development of an innovative new energy efficiency advance product.
Clydesdale Bank named “Best Mortgage Lender in Scotland”
Clydesdale Bank has been named “Best Mortgage Lender in Scotland” for the fourth year running at the prestigious Your Mortgage Awards.
Yorkshire Bank named “Best Regional Lender”
Yorkshire Bank has been named “Best Regional Mortgage Lender” by Your Mortgage magazine.
moneysupermarket.com: Standard Life raises SVR
Commenting on the decision by Standard Life to raise the Standard Variable Rate (SVR) on their mortgage range by 0.15 per cent, Louise Cuming, head of mortgages at moneysupermarket.com, said: “Standard Life is the first lender to put their head above the parapet and acknowledge the need for action to protect their profitability in the current environment.
Nationwide announce new 2 and 10 year mortgage deals
Nationwide Building Society have announced that from Tuesday 20 November it is cutting the price of its 10 year fixed rate mortgage to 5.68%, making it the most competitive medium term deal compared to other major lenders.
The Exchange Bond triumphs at Your Mortgage Awards
The Exchange Bond - the financial product that is transforming the way we buy property – has won the Your Mortgage Editor’s Special Choice Award at a ceremony held at Plaisterers’ Hall, London.
The first truly paperless mortgage has arrived!
Yorkshire Building Society is the first lender to offer consumers a truly paperless online mortgage process, and in recognition of this achievement Mortgage Finance Gazette has crowned the Society with its 2007 Innovator of the Year Award.
Standard Life Bank increases its SVR
Today Standard Life Bank announced its standard variable rate would increase by 0.15% to 7.46% or 7.66% depending on the loan to value of the mortgage.
Don’t let the BoE juggle with your mortgage and your home
David Kuo, Head of Personal Finance, says: “The Bank of England is attempting a dangerous juggling act with the UK economy. It is hoping that tighter credit conditions will encourage more people to save, which in turn will bear down on spending.
Could the BoE provide a shock Christmas present?
Could the Bank of England (BoE) provide a shock Christmas present to borrowers? asks John Charcol
Brits choose Internet for expert advice
With over 60 per cent of UK households now online, Brits are turning to computers, instead of consultants and trusting ISPs rather than IFAs according to new research.
Lending for house purchases down
Higher borrowing costs contributed to a decline in gross lending in September, with the bulk of the impact being felt on lending for house purchase rather than remortgaging, according to data from the CML's regulated mortgage survey.
GMAC-RFC launches new BBR tracker rates
Following on from yesterday’s base rate decision to hold rates at 5.75%, GMAC-RFC, the UK’s 10th largest lender, has reviewed its Partners product range and is replacing current Mainstream and Self-Cert discount rates with new BBR Trackers, in a bid to offer more competitive rates.
Bank rate held when the market badly needed a cut
Ray Boulger of leading independent mortgage adviser, John Charcol, says “The minutes of last month’s MPC meeting spelt out that the committee had seriously considered cutting Bank Rate, although the eventual vote was not close at 8 – 1.
Homeowners urged not to look to the BoE for guidance
David Kuo, Head of Personal Finance at Fool.co.uk, says, “We are not surprised that the Bank of England has again decided to leave interest rates unchanged given the uncertainty in the UK economy.