Mortgage News
New specialist mortgage deals from Alliance & Leicester
Alliance & Leicester is enhancing its range of specialist mortgages. The new range is available from today and includes:
Is your mortgage deal really the best?
Britannia Building Society is challenging borrowers to save thousands of pounds by analysing the true cost of their mortgage.
Average mortgage payments increase 15 per cent
Average mortgage payments in England and Wales reached £590 in April 2007, an increase of £78 a month on the same month in 2006 (£512 in April 2006) or equivalent to 15 per cent rise in costs over the year, according to the latest Woolwich Mortgage Affordability Research.
Affordability worsens for first-time buyers
Higher interest rates are causing first-time buyers to spend more of their income on mortgage interest payments, according to the CML.
Millions of homeowners to refinance if rates increase
Millions of homeowners say they will be forced to remortgage if, as expected, rates increase next Thursday.
Leeds Building Society enhances First-Time-Buyer criteria
Leeds Building Society has improved its lending criteria by confirming that applications supported by guarantors will now be accepted on all its 100% mortgage products.
Nationwide end reservation fee discount for existing borrowers
Nationwide Building Society today announced the end of the increased reservation fee discount for existing borrowers.
GE Money Home Lending reduces rates on First National product range
GE Money Home Lending, one of the UK’s leading specialist lenders, is reducing the interest rates on over 60% of its First National products, including fixed and discount rate mortgages.
GE Money Home Lending and SMS Strengthen Partnership
GE Money Home Lending, one of the UK’s leading specialist lenders, has agreed a minority equity stake in Solent Mortgage Services (SMS), one of the longest established packagers in the UK. The transaction, which completed this month, reinforces GE Money Home Lending’s commitment to the wider packager market in the UK.
HSBC voted Britain’s best bank for mortgages
HSBC has for the sixth year running been recognised for giving better value to its mortgage customers in recent years than any other UK bank.
UK mortgage lending slows
The increase in total net lending to individuals in March (£10.8 billion) was lower than the increase in February but in line with the previous six-month average, according to figures from the Bank of England.
Fixed but flexible – new range of mortgages from the Coventry
The Coventry is launching a new range of residential and specialist mortgages designed to provide certainty and flexibility to customers.
Signs of mortgage demand weakening
March’s gross mortgage lending was £18.6bn, 5% more than £17.7bn in March 2006, according to the British Bankers’ Association (BBA).
Drawdown mortgages grow in popularity
The members of UK equity release industry body, SHIP (Safe Home Income Plans), that represents over 90% of the Equity Release sector, report record first quarter figures to 31 March 2007 which demonstrate a marked growth in the market.
Mortgage Talk - mortgage of the week
National independent mortgage broker Mortgage Talk highlights a selection of the week's mortgage deals.