Mortgage News
More choice for borrowers
Britannia Building Society has relaunched its entire mortgage range to give borrowers more choice.
Kensington targets specialist Prime sector
Kensington Mortgages is using its 12 years’ experience of lending to borrowers with adverse credit histories to launch an assault on the specialist prime market for borrowers who need specialist mortgage products but have not had any credit problems.
Bank rate freeze
Rate hold suggests January Consumer Price Index and Quarterly Inflationary Report not too negative.
Banks and building societies hike fixed-rate mortgage fees to sting fixers
Banks and building societies have raised their application fees on fixed rate mortgage deals as homeowners surge towards fixed deals in the wake of three base rate increases in six months, according to MoneyExpert.com.
Alliance & Leicester launches new specialist mortgage deals
Alliance & Leicester is amending its current range of specialist mortgages.
Intelligent renovation with BuildLoan
Intelligent Finance has joined forces with BuildStore, the UK's leading specialist in the self build and renovation market, to offer a unique offset home refurbishment mortgage for intermediaries under their BuildLoan brand.
HSBC launches new mortgage range with one great rate
From Monday 5 February, HSBC is launching a new range of mortgages all at one great rate of 5.89%.
GMAC-RFC announces twelfth portfolio sale to Britannia Treasury
GMAC-RFC has announced its twelfth portfolio sale to Britannia Treasury Services. This £400 million deal comprises of a blended pool of prime, buy to let and self-cert products and was completed on the 31st January 2007.
Annual mortgage interest – An interest free loan for the lender at what cost to you?
Julia Harris, mortgage analyst at moneyfacts.co.uk investigates: “If you have battled your way through the minefield of mortgage options, interest types, rates, fees and other terms and conditions currently available, there is one final piece to the jigsaw of which many borrowers may be blissfully unaware, but which could end up costing them thousands of pounds in additional interest charges. It is purely down to the way in which their mortgage interest is calculated.
GE Money Home Lending outperforms market by almost two to one
GE Money Home Lending achieved impressive double digit growth in its core mortgage business during 2006, with significant volume generated through new and existing products and partnerships.
More, but smaller, lifetime mortgages
The number of new lifetime mortgages (equity release loans to older home-owners) increased but the value of new lending fell in 2006, according to new survey information from the Council of Mortgage Lenders.
Just Retirement welcomes the advance of drawdown lifetime mortgages
Just Retirement, the specialist UK life assurance group focusing on the provision of solutions for people at and in retirement, responded to the announcement by SHIP of a significant increase in the proportion of drawdown equity release business.
Mortgage repossessions rise in 2006
The number of mortgage repossessions rose from 8,140 in the first half of 2006 to 8,860 in the second half, according to figures released today by the Council of Mortgage Lenders.
Mortgages to help first time buyers
Leeds Building Society has launched a 100% fixed rate and Shared Ownership fixed rate mortgage specifically designed to help first time buyers (FTBs) onto the housing ladder and provide peace of mind, allowing them to budget safe in the knowledge that their mortgage payment will not increase.
Rate benefits of overseas mortgages at risk through uncompetitive currency transfers
Nearly a third of all Brits buying property in France are choosing French mortgage providers according to Crédit Foncier de France, France’s number one mortgage provider.