Mortgage News
Just Retirement cuts rate on roll up lifetime mortgage
Just Retirement, the retirement solutions specialist, announces that it has decreased the rate on its Roll Up Lifetime Mortgage from 6.49% to 6.39% - currently the lowest rate on the market.
Saga’s equity release service proves popular for divorcees
Figures from Saga’s Equity Release service have revealed that just under one in eight people (12%) opting for the service do so in order to fund a divorce settlement or buy-out an ex-partner.
Applications to offer time reduced since POSO launch
One year on from the launch of the innovative system, GMAC-RFC marks the overwhelming success of POSO technology, which has revolutionised interaction between lenders and intermediaries and has seen applications to offer and applications to completion timescales reduced significantly.
Free mortgage sourcing system for intermediaries
eMoneyfacts.co.uk, which has undergone a major revamp and is now more than a credible alternative to the existing systems currently available to the broker market.
GMAC-RFC announces portfolio sale to Bradford and Bingley
GMAC-RFC today announces its largest ever portfolio sale in its five year trading history to Bradford and Bingley.
Borrowers urged to prepare for more interest-rate hikes
The Bank of England announced today that 115,000 loans for £17.2b were granted by lenders in July for house purchases.
Lloyds TSB launches mortgage deals to ease payment shock
After five consecutive Bank of England Base Rate rises, thousands of homeowners face higher mortgage payments as their fixed rate deals mature.
Double rate hike from High Street Home Loans
The fallout from the US sub prime mortgage crisis and subsequent difficult market conditions continues to impact lenders in the UK sub prime arena.
Mortgage lenders await bank rate decision
Katie Tucker of John Charcol comments, “Following a momentary increase on Friday, swap rates started to fall again on Wednesday, showing that the City is less convinced that the Bank rate will rise more than once again.
Platform makes adjustments to core product range
Platform, the intermediary lender of Britannia, has announced that it has introduced a number of adjustments to its core product range with immediate effect.
IMS joins forces with Dutch mortgage broker Hypotienda
Spain’s largest non-resident mortgage broker, International Mortgage Solutions (IMS), has formalized an already close working relationship with Holland’s largest overseas mortgage broker, Hypotienda, by merging the two companies.
Spanish bank Banesto withdraws non-resident mortgage lending
Spanish bank Banesto, part of the Santander group, has recently taken the dramatic step to withdraw all of its own non-resident mortgage lending.
Woolwich launches new mortgage deals
A first time buyer mortgage fixed for two years at 6.29 per cent with no higher lending charge up to 95 per cent of the purchase price.
RICS: July BBA mortgage lending figures
Commenting on BBA mortgage lending figures, Oliver Gilmartin, RICS senior economist said: "With an 11 percent decline in housing loans, slower housing market activity will rein in house price growth into Christmas.
Mortgage demand holding up, consumer credit subdued
July’s gross mortgage lending of £21.3bn was 12% higher than last year, according to figures from the British Bankers’ Association (BBA). With annual house price inflation