Mortgage News
HSBC introduces zero fees on all mortgages
HSBC is launching a range of new mortgage deals for the month of April. Available to both new and existing customers, every new HSBC mortgage is completely fee free until 30 April.
GMAC-RFC announces portfolio sales to Oakwood Homeloans Ltd
GMAC-RFC has announced the sale of three portfolios to Oakwood Homeloans Limited totaling £923 million.
Standard Life extends Freestyle Professional Mortgage range
Standard Life Bank is extending its popular Freestyle Professional Mortgage range, launching a new two-year fixed rate mortgage with the option of offsetting.
Spring into great mortgage deals with RBS
RBS has launched competitive mortgage deals for house buyers and remortgagers this spring. There are offers available, no matter what type of mortgage a customer is looking for – fixed, tracker and offset.
L&C makes every mortgage a green mortgage
London & Country Mortgages (L&C), no-fee mortgage broker, is pledging to plant fifty trees for every new mortgage taken out by its clients in 2007 – enough to offset a person’s carbon emissions for the year.
Alliance & Leicester launches PlusMortgage
Alliance & Leicester has launched its new 100% plus loan to value (LTV) mortgage called PlusMortgage which combines a mortgage with an unsecured personal loan. Borrowers will be able to take advantage of a mortgage and loan with a maximum LTV of 125% LTV.
Rise of the half million pound mortgage
Affluent homeowners who take advantage of lenders’ very high income multiple offers must take a long hard look into the future to avoid risking it all, advises broker My Mortgage Direct.
Mortgage Express launches new self-cert mortgages
Mortgage Express has announced the launch of a number of market-leading self-cert mortgages, following a reprice of all fixed rate products within its self-cert range.
Self-service mortgages – the future?
Term reduction has become a key aspiration for mortgage holders, with almost three quarters wanting to reduce their mortgage term or increase their payments to reduce the balance over time, according to research featured in Intelligent Finance’s “End of Term” report.
New first time buyer cashback mortgage
Co-operative Bank has launched a new unique first time buyer cashback mortgage aimed at helping first time buyers (FTB’s) onto the property ladder.
Has Nationwide got a crystal ball?
Commenting on the Nationwide’s 25-year new fixed rate mortgage, Louise Cuming, head of mortgages at price comparison website moneysupermarket.com, said:
Lender links up with global warming charities
UCB Home Loans today announced the formation of links with two major charities which focus on issues related to global warming.
Mortgage approvals weaken in the face of rising costs and prices
February’s gross mortgage lending was £14.9bn, 7% more than the £14.0bn in February 2006. In line with seasonal patterns, February was well down on January’s £16.6bn, according to the British Bankers’ Association (BBA).
UCB Home Loans reduces self-cert and full status fixed rates
Specialist intermediary lender, UCB Home Loans, has announced a reduction of 0.15% on its range of residential self-cert and full status fixed rate mortgages, with effect from 29 March.
First time buyers scrabbling for higher deposits
The first rung of the housing ladder is further out of reach, says Moneyextra.com.