Mortgage News
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 6.89% - remains lower than any of the UK’s top 10 building societies.
The return of capped rates – Birmingham Midshires
Julia Harris, Mortgage Analyst at Moneyfacts.co.uk, comments: “A few weeks ago we reported that capped rate deals were on the way out, so it was a surprise to see these new products launched from Birmingham Midshires.
Active Mortgage Management slashes £1m a month
Customers of national financial advisers Moneygate are set to save a total of £1 million every month thanks to its groundbreaking active mortgage management service.
Charcolonline re-launches as Charcol
Charcolonline.co.uk has re-launched as charcol.co.uk, with many new additions to the site making it an even more valuable resource for both consumers and the media.
Concerns over the single survey have not been addressed
The single survey as envisaged in the Communities Scotland consultation paper will not completely remove the need for mortgage lenders to conduct their own valuations, according to the Council of Mortgage Lenders (CML) Scotland.
Increase in approved mortgage applications despite interest rate hikes
Whilst the Bank of England has once again voted to raise the official Bank Rate by 0.25 points to a whopping 5.5%, independent mortgage specialists Andrews’ insist the market is still thriving.
Borrowers must act to avoid mortgage payment shock
Thursday’s rate rise, the fourth jump since August, means yet another jump in payments for borrowers with variable rate mortgages, says London & Country Mortgages (L&C).
Brits spend £54,400 moving home in a lifetime
The average Briton moves home between 3 or 4 times in a lifetime, according to research from Abbey Mortgages.
Nationwide increases mortgage rates
Nationwide Building Society has announced an increase in rates on its range of fixed rate and tracker mortgages.
Mortgage Express launches new fixed rate mortgage products
Mortgage Express has launched a number of market-leading fixed rate products across its specialist lending range.
UCB Home Loans enhances exclusive criteria
UCB Home Loans, the specialist intermediary lender of Nationwide, has made a number of criteria enhancements to its current range of exclusive products, with immediate effect.
Nationwide to increase mortgage rates
Nationwide Building Society has announced that it will increase its Base Mortgage Rate (BMR) from 1 June 2007.
GMAC-RFC implements redemption swap as BBR goes up
The base rate rise has at least brought good news for some GMAC RFC borrowers, since their cost to redeem has reduced by a similar amount.
Abbey changes variable tracker rates
Following the increase in the Bank of England's base rate from 5.25 per cent to 5.50 per cent, Abbey's variable tracker rate mortgages, which automatically follow changes in the base rate, will increase by 0.25 per cent.
HSBC bucks the trend
Julia Harris, Mortgage Analyst at Moneyfacts.co.uk, comments: “As house prices continue to spiral, and homeownership becomes out of reach for many, lenders creativity in designing products to assist with that first step on the housing ladder must be applauded.