Mortgage News
Standard Life announces new Freestyle mortgage rates
Standard Life Bank has announced highly-competitive rates across a range of its Freestyle flexible mortgage products.
Capped, CAT and extended tie in – mortgages that have lost their appeal
Julia Harris, mortgage analyst at Moneyfacts.co.uk, comments: “As house prices continue to rise and buyers struggle to climb on to the housing ladder, the mortgage market has needed to become very dynamic. Today there are over 10,000 prime and sub prime mortgages available, with a multitude of variations in lending criteria and deal types. As a consequence some mortgage products have gone out of vogue.
GMAC-RFC’S on-line mortgage system now even faster and easier to use
GMAC-RFC, the pioneer of instant on-line mortgage offers, has revealed that it has made its on-line system even faster and easier to use.
Interest rate rises hit home for mortgage applicants
More than 460,000 applicants have been turned down by mortgage firms in the past six months as Bank of England interest rate rises hit home, new research by MoneyExpert.com shows.
Santander Totta introduces flexible mortgage for Portuguese property
Portuguese mortgage provider for non-residents, Santander Totta, is introducing the first flexible loan enabling buyers to defer 30 per cent of the payment on their Portuguese land or property until maturity. This is the first product in the market, which allows part of the purchase price to be paid at the end of the term.
If you see a Giraffe – grab it!
Monday 16 April sees the Northern Ireland launch of Giraffe, the online mortgage proposition from Bank of Ireland.
New specialist mortgage deals from Alliance & Leicester
Alliance & Leicester is enhancing its range of specialist mortgages. The new range is available from Friday 13 April and includes:
Mortgages – It's all Greek (and Bulgarian) to me
So you have decided on the country and the property is perfect, but without local knowledge and English speaking advice how will you arrange finance for your all important overseas property purchase? There is a one-stop shop based in the City of London which can get you through the mortgage maze in plain English.
GMAC-RFC storms market with ‘MERC’ mortgage
GMAC-RFC has swept the competition aside with the launch of a new product offering non conforming criteria at a mainstream rate and featuring the UK’s first ever rate/redemption swap.
Record numbers of first-time buyers take out fixed-rate loans
Fears that interest rates could rise next month have led a record proportion of first-time buyers to opt for a fixed-rate mortgage, according to new data from the Council of Mortgage Lenders.
UCB Home Loans launches green booklet for customers
As part of its programme of activity on environmental issues, UCB Home Loans, Nationwide’s specialist intermediary lender, is launching a booklet for its’ customers which outlines ways in which they can take steps to reduce the size of their carbon footprints.
It’s hold for now but inflation continues to be the key
Ray Boulger of John Charcol, UK Independent Mortgage Adviser, comments on today’s decision by the Monetary Policy Committee (MPC) to hold Bank Rate at 5.25%.
Britannia makes it easy
Latest figures from the Council of Mortgage Lenders show a massive 85 percent of first time buyers are opting for a fixed rate mortgage.
John Charcol launches lifetime tracker buy-to-let mortgages
John Charcol has exclusively launched a brace of market leading Buy-to-Let (BTL) lifetime trackers:
moneysupermarket.com: Alliance & Leicester 125 per cent PlusMortgage
Commenting on the launch of the Alliance & Leicester 125 per cent PlusMortgage, Louise Cuming, head of mortgages at price comparison website moneysupermarket.com, said: “It is great to see that A&L is spicing up the first time buyer market with the launch of its PlusMortgage.