Mortgage News
Why pay someone else’s mortgage?
If you pay more than £343 a month on rent, Redrow is encouraging you to get in contact as you could be paying your own mortgage and living in a brand new Redrow home at Vision.
Lloyds TSB extends help to first-time buyers and homemovers
Lloyds TSB is to launch a brand new range of shared equity and shared ownership mortgages, reaffirming its support for affordable housing schemes.
Gross mortgage lending declines in September
The Council of Mortgage Lenders estimates that gross mortgage lending in September was £11.6 billion.
Summer holidays boost overseas mortgage enquiries by 33%
Conti, the overseas mortgage specialist, experienced a 33 per cent increase in enquiries from prospective buyers during September, compared with the previous monthly average for this year.
Low remortgaging figures mask rise in house purchase lending
Gross mortgage lending was weighed down by weak remortgage lending in August, despite a strong increase in house purchase lending, according to new data from the Council of Mortgage Lenders.
Number of mortgages deals available on the rise
The number of mortgages available for borrowers has started to increase since April when The Bank of England's Funding for Lending scheme was announced, with fixed rate mortgages also falling, according to research by MoneySupermarket.
David Wilson Homes urges new home buyers to get mortgage fit
David Wilson Homes North West is urging first time buyers to invest time now, to ‘get mortgage fit’ during the summer of sport, to avoid the disappointment of being beaten in the race to secure their first home.
The Co-op lends helping hand to homeowners with new mortgage rates
The Co-operative Bank is offering a helping hand to first time buyers and existing homeowners by launching a wide range of best buy mortgage rates over the next week.
100,000 FTBs have turned to ‘Bank of Mum and Dad’ since financial crisis
A new report written and researched by the Centre for Economics and Business Research (Cebr), on behalf of HSBC, reveals that the ‘bank of mum and dad' has helped to finance over 100,000 first time buyer (FTB) borrowers between 2008 and 2011.
Nearly two million retirees cashing in on home to fund retirement
Over a quarter (28%) of working homeowners over 50 (1.9 million people) plan to access the equity in their home to help fund their retirement, according to retirement specialist LV=, dubbing them the HIPpies (home is pension) generation.
YBS cuts mortgage rates for those with smaller deposits
Yorkshire Building Society is continuing its commitment to offering competitive mortgage products for those with small deposits by reducing rates on 90% Loan To Value (LTV) mortgages by up to 0.25%.
Platform launches new mainstream products and reduces rates
Platform has enhanced its offering by launching a new range of residential mortgage products, including competitively priced two year and five year fixed rate deals across a broad range of LTVs, with rates now starting from 3.09%.
Virgin Money to reduce selected mortgage rates
Virgin Money is reducing selected interest rates on its residential and buy to let mortgage range.
Santander cuts mortgage rates by up to 0.20%
Santander has reduced rates on a number of its key products for new business homebuyer and remortgage deals. It will also launch a new 3.19% 5yr fixed at 60% LTV for all homebuyers and remortgagers.
Gross mortgage lending stable in August
The Council of Mortgage Lenders estimates that gross mortgage lending in August was £12.6 billion. This is marginally lower (1%) than July's gross lending figure of £12.7 billion and a 4% fall from £13.1 billion in August 2011.