Mortgage News
Skipton relaunches fixed rate mortgage range
Skipton Building Society has relaunched its range of 2 year, 3 year, 5 year, 7 year and 10 year fixed rate mortgages with rates starting from as low as 5.34%.
New mortgage deals from Alliance & Leicester
Alliance & Leicester is launching a new range of prime mortgages, available from Tuesday 23 January.
Leeds launches channel to help customers with impaired credit
Leeds Building Society has launched a new lending channel that will specialise in meeting the needs of customers who currently find it difficult to arrange mortgage finance from main stream lenders, due to historic difficulties they may have encountered servicing loans.
Demand for equity release increases but concerns over access to advice
Consumer demand for equity release was at a peak in 2006 according to research from Safe Homes Income Plans (SHIP), the trade body representing more than 90% of the equity release sector.
Abbey increases mortgage rate
Following the increase in the Bank of England Base Rate, Abbey's standard variable mortgage rate (SVR) will increase by 0.25 per cent from 7.09 per cent to 7.34 per cent.
One week on and the base rate shock continues
One week on from the shock base rate rise to 5.25%, Lisa Taylor analyst at moneyfacts.co.uk comments on the changes seen so far in the mortgage and savings markets.
Lower growth in net mortgage lending and continued weak consumer credit
Total sterling lending to the UK private sector showed a net underlying increase of £4.0bn (+0.3%) to £1,266bn, according to latest figures from the Major British Banking Groups, for December 2006. This was the weakest monthly rise in lending for over a year and compares with an underlying rise of £15.2bn in November and an average of £12.4bn over the previous six months.
CML reacts to reports on European mortgage markets
The Council of Mortgage Lenders has responded to the European Commission's publication yesterday of two working group reports on mortgage funding and consumer protection in European mortgage markets.
December mortgage lending rounds off a record-breaking 2006
Gross lending hit a new December record of £29.4 billion, according to the latest data from the Council of Mortgage Lenders.
Good fixed rate deals disappearing – caution for borrowers looking to switch
Grabbing at a fixed rate deal to escape the threat of further rate rises could be a false economy, warns broker My Mortgage Direct.
Don’t be panicked into re-mortgaging – do sums before switching lender
Mortgage borrowers should not be panicked into switching their home loans because of the recent base rate rise, advises online financial comparison analyst Moneynet.co.uk.
Leeds Building Society ‘delighted with lending in Ireland’
Leeds Building Society entered the Irish market in September last year, following its successful Euro mortgage launch on the Spanish mainland in October 2005.
Lenders’ justification for higher lending charges null and void
First time buyers are already struggling and no doubt the recent surprise base rate rise will mean they face even more difficulties getting on the housing ladder.
Portman Building Society reviews mortgage products
Portman Building Society is making a number of important changes to its mortgage range.
New online mortgage offers low SVR rate
A new online mortgage has been launched to simplify the mortgage application process and demystify the confusion around rates.