Mortgage News
Homeowners shaken by rate rises
Three interest-rate hikes within the space of six months have unsettled Britain’s homeowners. A study into mortgage products taken out through Fool.co.uk’s Mortgage Service, shows that homeowners believe more interest-rate rises are on the horizon.
Any time, any place mortgage advice
For many, online banking is the most convenient way to manage personal finances, removing the constraints of bank opening hours and saving the time and effort of having to call in to a branch to pay essential bills.
The greener the better
Norwich and Peterborough Building Society (N&P), which launched its first green mortgage in 1998, is delighted that other mortgage lenders are responding to the urgent need to change consumer behaviour and combat climate change by announcing that they will be introducing green mortgages.
One in five lenders won’t allow interest-only mortgages
One in five lenders won’t allow customers to opt for interest-only residential mortgages as concern mounts about borrowers being unable to repay their loans, research from MoneyExpert.com shows.
Bristol & West launch first time buyer professional mortgage range
Bristol & West Mortgages is delighted to announce the launch of a new professional mortgage range, available to first time buyers who are qualified and practising in a specified profession.
Tread carefully with low rate high fee mortgage combination
Julia Harris, mortgage analyst at moneyfacts.co.uk, comments: “During the last month we have witnessed the continuing trend for lenders to launch low rate high fee mortgages. But as fees rocket skywards, is there still a place in the market for low rate high fee products? And who benefits from these deals?
February mortgage lending highest on record
Gross mortgage lending had its highest February ever at £24.6 billion according to the Council of Mortgage Lenders.
UCB Home Loans enters adverse mortgage market
Specialist intermediary lender UCB Home Loans has today announced its expansion into the adverse mortgage market, effective from 22 March 2007.
Mortgage brokers back increase in stamp duty exclusion band
With the Chancellor announcing his Budget this week, mortgage brokers up and down the country would like to see an increase in the stamp duty exclusion band in line with the average national house price, according to research by GE Money Home Lending. The rise, if it were implemented, would take the exclusion band from £125,000 to just over £200,000 - an increase of more than £75,000 – and would save a buyer over £2,000.
Mortgage Talk - Mortgage of the week
National independent mortgage broker Mortgage Talk highlights a selection of the week's mortgage deals.
The ‘fee’ that puts a year and half between you and your mortgage
Homebuyers who add increasingly high mortgage application charges to their total debt risk taking as long as 17 months just to clear the application fee.
Mortgage application fees nearly double in three years
Mortgage application fees have nearly doubled since 2004 according to Find.co.uk.
Woolwich launches new fixed and tracker mortgage deals
A tracker mortgage, guaranteed to stay 0.18 per cent above the Bank of England base rate (current rate of 5.43 per cent) for life, with no arrangement and no redemption penalties, is today being launched by the Woolwich, together with a best buy 10 year fix at 5.28 per cent.
Payment holidays on the rise as homeowners seek mortgage respite
Banks and building societies have increased the number of mortgage deals that include a payment holiday facility to allow struggling customers to relieve the financial burden of repayments, according to analysis by MoneyExpert.com.
First-time buyers opt for fixed-deals as threat of interest rate rise looms
The prospect of higher interest rates has led a record number of first-time buyers to opt for a fixed-rate loan, according to data from the Council of Mortgage Lenders' monthly survey.