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Mortgage News

Homeowners across UK could save over £14 billion by overpaying on their mortgage

UK mortgage holders could see significant savings and wipe years off their mortgage term by making regular overpayments.

Skipton has cut rates on its two and five year fixed residential range

Skipton Building Society has reduced rates by up to 0.20% across selected two and five year residential fixed rate mortgages and has launched an exclusive low rate product with Personal Touch Financial Services.

Halifax reduces rates on first time buyer mortgages

Halifax has reduced its rates on its mortgage products designed to support first time buyers.

Gross mortgage lending increases 16% year-on-year

The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.5 billion in April.

Skipton cuts rates on new build fixed range and simplifies its Help to Buy range

Skipton Building Society is cutting rates up to 0.34% on 2 year New Build products at 90% LTV and is also launching a simplified Help to Buy range.

Leeds criteria changes aid interest only borrowers

Improvements to its interest only mortgage range are enabling Leeds Building Society to help more under-served borrowers.

Gross mortgage lending £17.6 billion in February

The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.6 billion in February.

West Brom removes mortgage completion fees and improves rates

Building society the West Brom has reviewed its mortgage range, lowering fees and cutting rates by up to 0.30%.

The Yorkshire helps first-time buyers with an extra £500

Yorkshire Building Society is giving first-time buyers a helping hand by offering them an extra £500 cashback when they complete on a mortgage with the Society.

Volume of let-to-buy mortgages up as MCD deadline approaches

As lenders prepare for the implementation of the Mortgage Credit Directive (MCD) in March, Paragon Mortgages’ latest Financial Advisors Confidence Tracking (FACT) report reveals that in Q4 2015 nearly one in eight of mortgage cases dealt with by brokers related to let-to-buy.

Gross mortgage lending up 8% in 2015

The Council of Mortgage Lenders estimates that gross mortgage lending reached £19.9 billion in December.

Lloyds extends £500 cashback offer to first-time buyers and homemovers

Lloyds bank has today extended its existing £500 remortgage cashback offer to include its first-time buyer and homemover range.

Half of buyers want to see return to 100% mortgages to beat deposit barrier

Half of homebuyers would welcome a return to 100% loan-to-value mortgages to jump the hurdle of not being able to save a big enough deposit to purchase a home, research by mortgage lender and broker Ocean Finance reveals.

How much is your mortgage really worth?

Historically, inflation has made fixed-term mortgages seem like a sure bet. Inflation tends to reduce the value of mortgage debt, while wages and salaries tend to rise to match it, making mortgage repayments feel that little bit easier.

Over half say they will struggle when interest rates rise

Over half (52%) of borrowers say they will struggle or fall behind with mortgage repayments when interest rates rise, according to new research by the Building Societies Association.