Mortgage News
Platform issues first same day offer
Platform, the intermediary lender of Britannia, is proud to announce the delivery of its first same day mortgage offer using AVM technology and its Click online systems.
Alliance & Leicester builds on continued success in mortgage market
Alliance & Leicester has announces another strong set of annual results for mortgages in 2006, producing £12.6 billion of gross lending and a total net lending of £4.9 billion. The bank now lends in both prime residential and specialist mortgage markets, bringing more choice and competition together with great customer service to its new and existing customers.
The Mortgage Works sharpens rates and launches new self cert products
Specialist mortgage lender, The Mortgage Works, has made a number of changes to its portfolio and has reduced the rates on many of its buy to let and self certification mortgages.
GE Money Home Lending reacts to growth markets
GE Money Home Lending has refreshed its igroup and First National product ranges, in response to recent market developments and to make home ownership and property investment more accessible and convenient to borrowers.
Cap with the Coventry
The Coventry is refreshing its entire mortgage range, to include a new highly competitive capped rate mortgage.
Mortgage lending begins 2007 in robust shape
Gross lending hit an all-time January high of £26.8 billion according to the latest data from the Council of Mortgage Lenders.
Mortgage-free living – up to 52 years away!
Julia Harris analyst at Moneyfacts.co.uk investigates: “A mortgage for most of us will represent the largest and longest financial commitment of our lives. For many years the standard term considered for a mortgage in the UK was 25 years, but as affordability becomes increasingly difficult for many of today’s first time buyers, a 25-year term is perhaps no longer considered sufficient.
Self-employed confident about prospects
Almost a third (32%) of self-employed people are ‘very confident’ about the prospects for their business over the next six months, with 47% expecting turnover to increase in the coming year.
Muslim mortgage approvals worth over £100 million in last six months
Over the last six months alburaq, the leading Shariah compliant financial services provider, has approved over £100 million worth of mortgage business and is set to see the total market grow to over £1 billion by 2009.
Bradford & Bingley Group comments on CML’s Buy-To-Let figures
Record lending shows enormous confidence in the sector, says Gus Park, Bradford & Bingley Group’s head of buy-to-let.
Woolwich launches 'City Mortgage 3' as record bonuses are paid
Woolwich, which established itself as a leading provider of larger loans mortgages in 2006 is today launching ‘City Mortgage 3’ as people get their record bonus payouts.
Coventry launches discounted rate mortgage deal
On Thursday 15 February, an extremely competitive 4.89% discounted rate mortgage will be launched by Coventry Building Society.
Highest December mortgage lending on record
Gross mortgage lending in December fell 14% from November's all-time high of £33.2 billion to £28.6 billion, but was still the highest December figure on record, according to new data published today by the Council of Mortgage Lenders.
Mates mortgages
With interest rates predicted to rise further, and house prices still increasing, first time buyers may look at buying a home with a group of friends as an alternative and affordable way to get themselves onto the property ladder.
Households with mortgages cut back on unsecured borrowing
Borrowing trends are diverging sharply in Britain, according to the latest Borrowing Monitor from Alliance & Leicester.