Mortgage News

RBS moves mortgage rates

The Royal Bank of Scotland today announced that its Standard Variable Mortgage Rate will increase by 0.25 per cent to 7.94 per cent.

Skipton’s SVR remains lowest of top 10 building societies

Following the recent announcement of an increase in the Bank of England’s base rate, borrowers with Skipton Building Society will be pleased to find the Society’s new SVR – at 7.14% - remains lower than any of the UK’s top 10 building societies.

NatWest updates mortgage rates

NatWest has announced that its Standard Variable Mortgage Rate would increase by 0.25 per cent to 7.94 per cent.

Standard Life urges consumers to think about the longer term

Standard Life Bank has welcomed Alistair Darling’s comments that Labour will shortly publish proposals to boost the supply of longer-term mortgages to help homebuyers get better value for money.

Moneyfacts.co.uk: The long term fixed rate mortgage market

Lisa Taylor, Analyst at Moneyfacts.co.uk, comments: “This week Alistair Darling, the new chancellor of the exchequer announced that Labour would shortly be issuing proposals to increase the supply of long term fixed rate loans, in a bid to tackle the affordability crisis and concerns that the short term market thrives on collecting regular arrangement fee income.

CML reacts to Government's housing announcements

The Council of Mortgage Lenders welcomes the initiatives announced today by the Prime Minister and the Chancellor to increase housing supply and review the flexibility of mortgage funding.

Moneyextra.com unveils new mortgage calculators

Millions of homeowners face a nasty shock over the summer months as their fixed rate mortgage deals come to an end. The Bank of England’s base rate now stands at a new six-year high of 5.75% with talk of more interest rate rises to come.

Free legals and free valuation now part of Abbey’s core range

Following the success of Abbey’s no upfront costs mortgage campaign, Abbey is adding a version of the product – called the Premier Homebuyer Solution – to its permanent mortgage range.

Alliance & Leicester updates prime mortgage range

Alliance & Leicester has updated its range of prime mortgages, which is available from Wednesday 11 July.

Chancellor’s announcement on long term fixed rate mortgages

Yorkshire Building Society welcomes the Chancellor of the Exchequer’s announcement that he is seeking to boost the supply of longer term fixed rate mortgages.

Stamp duty remains a costly barrier to many first time buyers

With last week’s rate rise stretching affordability, potential homeowners will have a hard time climbing onto the ladder unless the Government reviews this stealth tax.

RICS comment on CML regulated mortgage survey data

Commenting on the CML regulated mortgage survey data, Oliver Gilmartin, RICS senior economist said: "First time buyers should not assume that rates are at the top of the cycle. Any evidence that inflation pressures are persisting in the economy would see rates move higher for longer than currently expected.