Mortgage News
Scramble for fixed rates – but there is an alternative
Katie Tucker from Charcolonline comments on the news that many mortgage lenders are withdrawing their fixed rate products from the market, “Swap rates have been increasing for the past three weeks in expectation of another rate rise and this is being reflected in the rising fixed rates that have come onto the market.
moneysupermarket.com: lenders' withdrawal of fixed-rate mortgages
Commenting on lenders’ withdrawal of fixed-rate mortgages, Louise Cuming, head of mortgages at moneysupermarket.com said: “It may seem like a rash decision to remove fixed rate deals from the market, but it probably would have happened anyway.
Fixed rates lead as rate rise anticipated and housebuyers borrow more
As inflation reaches 3.1%, a record high since comparable records began ten years ago, a growing number of borrowers opted for fixed rate mortgages in March, as they became increasingly more anxious about their future financial security.
NatWest urges homeowners to save money by remortgaging
NatWest is demonstrating its commitment to offering great value remortgage deals by inviting mortgage customers of Halifax, Abbey, Lloyds TSB, C& G, Woolwich and Barclays to take the NatWest mortgage challenge.
Mortgage Talk - mortgage of the week
National independent mortgage broker Mortgage Talk highlights a selection of the week's mortgage deals.
Lib Dem's idea of 'Energy Mortgages'
Investing in eco-friendly technology and choosing energy from renewable sources is going to be a great way to ensure your house stands out from the rest and appeals to future buyers," said Sophie Neary, product director of BeatThatQuote.com.
Base rate rise and HIPs cast dark cloud on property market
A widely anticipated base rate rise next month (May) and the introduction of the new Home Information Packs (HIPs) on 1 June are likely to significantly put the brakes on the UK property market, Moneynet.co.uk has warned.
Godiva flexes its Flexx
Godiva Mortgages, the specialist lending subsidiary of Coventry Building Society, is introducing new products to its flexible buy to let and self certification ranges.
Yorkshire Building Society launches range of no fees mortgages
Yorkshire Building Society staff are learning to say “No!” about their new range of ‘No Fees’ mortgages.
Mortgage product changes you need to know about
This week 11 lenders have increased their fixed rate mortgages by up to 0.30%. Kent Reliance BS & Alliance & Leicester and Skipton BS have withdrawn some of their fixed rate products.
Platform reduces fixed rates across range
Platform, the intermediary lender of Britannia, will launch on Monday 23rd April a significant reprice of fixed rates across its entire product range. In a move designed to increase its market share within the specialist lending sector in 2007, Platform has reduced rates by as much as 0.75%.
Discounted rates for energy efficient home improvements
Yorkshire Building Society will launch its first Home Energy Efficiency mortgage for existing customers on Thursday 19th April 2007.
Fixed rate mortgages set to rise
News that inflation in March rose to 3.1% has made a further rise in the Bank Base Rate look like a near certainty, says London & Country Mortgages (L&C).
Abbey launches no upfront costs mortgages for home movers
Abbey Mortgages has launched a new range of products with no upfront costs designed for people moving home. The range is the only one of its kind in the market to remove all upfront costs - including typical legal fees associated with the sale and purchase of a new property including land registry on homes up to £500,000 - as well as mortgage valuation and booking fees.
Charcol launches rent a room mortgage
With concern growing over the state of the first time buyer market and the amount of money new homeowners are prepared to borrow, John Charcol has launched a new rent-a-room mortgage to help consumers get more safely onto the property ladder.