Mortgage News
Great news for Sunderland fans
Supporters of Sunderland AFC can now have a mortgage linked to the Club, thanks to a new deal from Britannia Building Society.
Higher interest rates undercut savings available on mortgages
Rising interest rates have seen mortgage lenders squeeze the best deals out of the housing market.
New fixed mortgage rates from UCB Home Loans
Specialist intermediary lender, UCB Home Loans, is increasing interest rates on its Self-Certification Prime and Buy-to-Let Prime two, three and five year fixed rates and its Full-Status Prime two and three year fixed rates to reflect recent increases in the cost of fixed rate funding.
March property prices fall to their lowest for six months
Average property values prices fell in March to their lowest level since October last year. At £220,303, the average price is up just 4.8% on year-ago levels and is actually down 1.2% on February’s £222,923.
Britannia launches new mortgage products
Britannia has launched the following mortgage products:
Rising inflation could push the base rate to 7.5 per cent
Commenting on news that rising inflation could push the Bank of England base rate to 7.5 per cent, Stuart Glendinning, managing director of moneysupermarket.com, said:
SVR mortgages make sense for some borrowers
Julia Harris, Mortgage Analyst at moneyfacts.co.uk, comments: “It is frequently reported that too many borrowers remain on a lender’s standard variable rate (SVR), paying over inflated rates of interest on their mortgage, but for some borrowers it may not be in their interests to switch.
Switch for free to Banco Halifax Hispania
Banco Halifax Hispania has launched a new 'switch and save' campaign, which will enable British expatriates with property in Spain to transfer their mortgage to Banco Halifax Hispania without paying any switching costs.
Final call for former Scottish Life members to claim payments
Scottish Life is making a last call for former members to get in touch if they had an eligible policy at the time of the company’s demutualisation in 2001, as they may be entitled to a payment of £500 for loss of membership.
Equity release no longer a last resort
The UK equity release market is entering a crucial stage in its development and will play a greater role in retirement planning, according to a new report from Defaqto.
Mortgage lending hits March record
Gross mortgage lending reached a March record of £31.3 billion according to the latest data from the Council of Mortgage Lenders (CML).
Borrowers over-paying on lenders SVR
One in five people (19 per cent) are currently on their lender’s Standard Variable Rate (SVR), potentially overpaying vastly on their mortgage, according to a new report.
Fixed rate buying frenzy forces lenders to slam shutters
Panicked mortgage-holders looking for fixed rate deals to protect against a widely anticipated rising base rate will find the shelves empty as many lenders have already sold out of their cheapest rate deals.
Mortgage rate changes at Portman
The most recent consumer price inflation data has made an increase in the Bank of England Base Rate in May almost inevitable.
Nationwide adjusts rates on fixed and tracker rate mortgages
Nationwide Building Society has announced changes to its range of fixed and tracker rate mortgages.