Mortgage News
Britons are borrowing more against their homes
Despite four base rate rises since last August and the prospect of at least one more to come, the average remortgage is now £122,541, up 7.19% on year ago levels, according to Moneyextra.com.
UK mortgage lending remains strong but shows signs of easing
Gross lending reached a new May record of £30.6 billion according to data from the Council of Mortgage Lenders (CML).
New competitive rates from UCB home loans
Specialist intermediary lender, UCB Home Loans, is decreasing the rates on its Self-Certification and Buy-to-Let Standard and Flexible 2 Year Tracker rate products.
Godiva fixes the 125% LTV market with no ERCs
On Friday 22 June, Godiva Mortgages, the specialist lending subsidiary of Coventry Building Society, is adding an ERC free, flexible fixed rate product to its MOREgage range – unique in the 125% lending market.
Use the smoking ban to take years off your mortgage
With just over a week to go until smoking in enclosed public spaces is banned, Charcol.co.uk is urging anyone already considering using the ban as a catalyst to giving up smoking to also think of the financial benefits as additional motivation.
Further improvements for decisions to GMAC-RFC through MTE
GMAC-RFC and Mortgage Trading Exchange (MTE), have further improved the overall speed and performance for Brokers that use MTE to apply for a decision with GMAC-RFC.
Best of Britannia
Britannia Building Society has picked up the title of 'Best Provider of Three-Year Fixed Rate Mortgages' at the annual Moneyfacts Awards.
The Mortgage Works expands 100% mortgage range
The Mortgage Works is launching three new highly competitive mortgages in the 100% mortgage portfolio.
First time buyers get helping hand as lenders borrow without deposits
The number of fixed mortgage products available to buyers without deposits has doubled in the past 12 months, according to MoneyExpert.com. The independent financial comparison website predicts even more 100% mortgages will be available in the future as lenders react to the mortgage affordability crisis.
GE Money Home Lending doubles direct channel team
GE Money Home Lending has reinforced its commitment to driving growth in the direct channel by announcing that it is doubling the sales and underwriting teams in this division, as well as adding some compelling new Buy-to-Let products to its portfolio.
Alliance & Leicester unveils specialist mortgage deals
Alliance & Leicester has unveiled its latest range of prime self-certified, near prime and near prime Buy-To-Let mortgage deals.
New home 'thru ur fone'
Lloyds TSB is helping to take the stress out of buying a house, by launching a new mobile phone text service. The free service gives customers timely updates on their mortgage application progress.
YBS wins Moneyfacts Fixed Rate Mortgage award
Yorkshire Building Society has been awarded ‘Best Provider of Fixed Rate Mortgages over 5 Years’ in the prestigious 2007 Moneyfacts Awards.
NatWest launches its first direct-only mortgage deal
NatWest has launched its first direct-only mortgage. The two year fixed at 5.79% is available to customers who apply online or over the phone.
What was it like when rates were...?
Julia Harris, Mortgage Analyst at Moneyfacts.co.uk, comments: “It’s over a month since base rate rose a further quarter point to 5.50% and with the last MPC decision to keep rates on hold the mortgage market is starting to show signs of settling down.