Mortgage News
Barclays in Spain launches new 80% loan to value mortgage
New flexible mortgage has Barclays Spain highest ever loan to value and mortgage term which gives British buyers more options in the Spanish property market.
Fool.co.uk: FSA’s investigation into sub-prime financial advertising
The Financial Services Authority (FSA) has told more than 200 mortgage brokers to withdraw or amend misleading advertising aimed at sub-prime customers.
Silver surfers seek financial advice – face-to-face
Despite the reported popularity of internet use amongst the over 50s and the emergence of the ‘silver surfers’, new research from Prudential, the lifetime mortgage provider, shows that today’s retirees prefer human interaction when either researching or getting advice on financial matters. Prudential’s research shows that less than a quarter (24 per cent) of over 50s would consider using the Internet to research a financial product as they are opting to speak with friends & family as well as their bank or product provider.
Nationwide announces changes to mortgage pricing
Nationwide Building Society has announced changes to its mortgage range. From 1 December, the Society will be introducing a new range of mortgage products. There will be one set of rates available to new and existing mortgage customers who are buying or moving home. There will be separate rates for new and existing customers remortgaging to Nationwide from another lender, switching their Nationwide mortgage deal or taking out additional borrowing.
Halifax, Birmingham Midshires and The Mortgage Business clean up at the Financial Adviser Service Awards
HBOS's five mortgage brands – Halifax, Bank of Scotland, Birmingham Midshires, The Mortgage Business and Intelligent Finance – cleaned up at last week's Financial Adviser Mortgage Service Awards.
GMAC-RFC announces fourth portfolio sale of 2006 to Bradford and Bingley
GMAC-RFC today announces its fourth portfolio sale of 2006 to Bradford and Bingley.
Strong mortgage lending and subdued consumer credit
October’s gross mortgage lending was £18.9bn, some 6% higher than September’s figure and 8% higher than the £17.5bn in October last year, although this annual growth largely reflects the growth of property prices, according to the British Bankers’ Association.
Legal & General Partnership Services Limited celebrates second anniversary
Legal & General Partnership Services Limited (the Partnership) is celebrating its second anniversary.
Moneysupermarket.com: mortgage SVR changes
Commenting on the mortgage SVR changes following the November MPC rate rise Louise Cuming, head of mortgages at moneysupermarket.com, said:
Platform recognised as best sub-prime lender by Hamptons
Platform, the intermediary lender of Britannia, has scooped the prestigious Best Sub-prime Lender prize at the 2006 annual Hamptons Awards held at the Vinopolis Wine Museum last night.
Don’t gamble with your home
The minutes of the latest Monetary Policy Committee showed that Bank of England Deputy Governor Rachel Lomax unexpectedly joined David Blanchflower in voting against an interest-rate rise this month.
Two weeks on from the Base Rate increase
Two weeks on from the decision to raise bank base rate by a quarter point, and we are still waiting for 57% of savings providers and mortgage lenders to announce any changes to their rates. Lisa Taylor, analyst at moneyfacts.co.uk comments:
Secure a mortgage on anything from barn conversions to windmills
You only need to look around your local area to see that unusual properties are becoming increasingly popular. From mill conversions and old churches to lighthouses, fire stations and even windmills it seems people are pushing new boundaries to find their ideal home.
UCB Home Loans extends free valuation limited offer
As a result of positive feedback from intermediaries, UCB Home Loans announced today that it is extending its free valuation offer, available on its core range of mortgage products, for a further two weeks.
Mortgages: Look behind the headline rate
Nearly five years since the majority of lenders made the switch to daily interest, almost 20 lenders still calculate new mortgages on an annual or monthly interest basis.