Mortgage News
Stub it out and pay the mortgage off 8 years earlier
With National No Smoking Day on Wednesday 14th March, UK mortgage broker, charcolonline.co.uk, has revealed that people who are considering giving up smoking could use the money to save thousands on their mortgage.
GMAC-RFC slashes rates on direct fixed rate mortgage products
GMAC-RFC have today announced a major review of their GMAC-RFC direct fixed rate products, by slashing their rates between 10 and 31 basis points on their mainstream and self certification products ranges.
Green mortgages that don’t cost the earth
The Co-operative Bank is launching a range of new fixed rate mortgages, which offer both excellent value to all borrowers and peace of mind that they are making a positive contribution to the environment.
Alliance & Leicester enhances range of specialist mortgages
Alliance & Leicester is enhancing its range of specialist mortgages, the new specialist mortgage range is available from Wednesday 7 March and includes:
Exit fees are not the end of mortgage charges
Mortgage exit fees may be on the way out as a major problem but borrowers still need to focus on fees. Analysis by MoneyExpert.com shows you could still be hit with up to seven different types of charge relating to your mortgage.
Skipton announces mortgage exit fee
Following the FSA’s statement in January regarding mortgage exit administration fees (MEAFs), and the subsequent review of the actual cost of its MEAF, Skipton Building Society will introduce a new fee of £125 from 1 April 2007 (from the previous fee of £175).
Exit fee deadline day for lenders
Today marks the deadline, set by the FSA, for providers to announce their decision regarding mortgage exit fees.
Alliance & Leicester - new mortgage deals
Alliance & Leicester is launching a new range of mortgages, which are available from Wednesday 28 February and include:
N&P launches long term fixes
Norwich and Peterborough Building Society (N& P) is launching two new longer-term mortgages on 2nd March for customers wishing to fix their rate for 15 or 20 years.
Exit Fees – deadline for lender decisions 28th February
A day ahead of the deadline set by the Financial Services Authority (FSA) for mortgage lenders to decide what course of action they intend to adopt regarding the terms of their exit fees, Ray Boulger, Senior technical manager at independent mortgage broker John Charcol comments,
UCB Home Loans launches long-term green programme
UCB Home Loans, the specialist intermediary lender of Nationwide, today announced the launch of a long-term programme of initiatives on environmental issues.
Rise of plus size mortgages should mean costs come down
Commenting on the news that more and more homebuyers are taking out 100 per cent mortgages, Ray Boulger, senior technical manager at independent mortgage broker John Charcol, said:
UCB Home Loans reduces fixed rates
Specialist intermediary lender, UCB Home Loans, is reducing fixed rates across its entire core range of self-certification and buy-to-let mortgages, with effect from today.
Higher interest rates put the brakes on housing
January’s surprise base rate hike hit mortgage market sentiment, says Moneyextra.com. Although mortgage rates take time to change, the increase in base rate early in the New Year appears to have had a salutary effect on homebuyers and mortgage payers.
Fixed rate mortgages unspun
Moneyfacts.co.uk comments on the Liberal Democrats motion condemning high mortgage fees.