Mortgage News
Knock on affect of US sub-prime mortgage meltdown on UK market
Potential homeowners with bad credit histories are going to find it a lot harder to get a mortgage as a result of the sub prime mortgage crisis in the US, warn financial experts.
Astra launches new Basel - priced loans
Astra Mortgages from Norwich and Peterborough Building Society is launching a new range of risk-priced buy-to-let mortgage products, which take full advantage of the fact that N&P was the first to obtain the Basel ll waiver from the FSA.
L&G Mortgage Club launches fixed rate deals from Kensington
Legal & General Mortgage Club has launched an exclusive new range of fixed rate deals from Kensington.
Sub prime showing cracks
Julia Harris, mortgage expert at Moneyfacts.co.uk, comments: “While its a little too early, for the prime mortgage market to be affected by the stock market turmoil, the sub prime sector is beginning to show cracks.
Lloyds TSB launches new fixed rates
With effect from Thursday 23rd August, Lloyds TSB will be reducing the rate on an already competitive two-year fixed rate and launching a further three new products - a two-year and five-year fixed rate and a two-year tracker.
Overseas buyers should move quickly to secure low mortgage rates
Savills Private Finance (SPF) International, the overseas division of the national independent mortgage broker, warns those considering buying or remortgaging on the Continent to move quickly as rates are tipped to rise next month.
Fixed rates fall but not as low as trackers
The mortgage wagon may finally have reached the top of the hill, Katie Tucker of John Charcol comments, “Finally some respite from the ever upwards storming of fixed rates is in view.
Barclays/Woolwich: The acceptance of personal searches in HIPS
Various stories have suggested that Barclays/Woolwich will not accept personal searches included in Home Information Packs in connection with mortgages.
Manchester United fan strikes lucky with mortgage account
One lucky Britannia Building Society customer won a trip to Tokyo to support Manchester United during their 2007 Tour of Asia.
Alliance & Leicester launches new range of prime mortgages
Alliance & Leicester is launching a new range of prime mortgages on Wednesday 22 August 2007. They include:
Charcol launches “simple to switch” tracker
Charcol.co.uk has launched a market leading “simple-to-switch” tracker for borrowers who don’t want to pay remortgage fees every few years.
European mortgage rates may still rise again
Euribor rates are reflecting the market expectation of a further rate rise of 0.25% in around 1 month, which means European banks may well have to raise variable mortgage interest rates again soon, according to French, Italian and Spanish mortgage specialist Offshoreonline.org.
Alliance & Leicester: CML lending figures
Stephen Leonard, Director of Mortgages at Alliance & Leicester, says: “July saw £34.4 billion in mortgage lending, the second highest ever achieved, after record levels in June. These figures reflect the high level of market activity in the spring – before the last rate rise.
Platform launches affordability based lending model
Platform, the intermediary lender of Britannia, is delighted to announce the launch of its new affordability-based lending model.
Abbey announces new mortgage deals
Abbey has announced new mortgage rates and fees on some of its mortgage range.