Mortgage News
Lenders exposed to £116 billion in interest-only mortgages
Lenders are exposed to £116 billion worth of interest-only mortgages that are due to mature over the next eight years, for which the borrower has no specified repayment plan, according to new research.
The Chelsea cuts rates across its mortgage range
Chelsea Building Society is making its mortgages even more competitive with rate reductions across its product range from Thursday, 20 September.
A beginner’s guide to equity release
Equity release is something that has become increasingly popular with the rise in property values in recent years.
Brokers remain bullish about the mortgage market
Mortgage brokers have become more confident about the overall outlook for the mortgage market in the first half of the year, with a rise in the proportion reporting an increase in confidence compared to the same period in 2011.
Rise in home movers drives boost in house purchase loans
A rise in lending to home movers was the main driver of an increase in house purchase lending in July, according to the Council of Mortgage Lenders.
HSBC extends commitment to UK homeowners
As the Government launches new proposals to relax planning laws for homeowners wishing to improve their homes, HSBC reveals that it will make available at least £1billion of funding for home improvement loans in 2012.
The Co-operative Bank reduces mortgage rates
The Co-operative Bank is offering first-time buyers and existing homeowners a helping hand by reducing rates across its mortgage range from Friday (14 September).
Tesco Bank offers new rates on its rewarding mortgages
Tesco Bank is reducing rates across its range of mortgage products.
Barclays lending boost for UK businesses and homebuyers
Barclays has announced that businesses and homeowners will benefit from the launch of a range of great value lending products.
July mortgage lending and savings up at societies and other mutuals
The increase in mortgage lending by building societies and other mutual lenders continued in July with gross lending of £3.1 billion, up by 44% compared to the same month last year.
Rate reductions for fixed term mortgages from N&P
Norwich & Peterborough Building Society (N&P) is now offering some of the most competitive fixed rates for those borrowers looking for a low fee mortgage, following reductions across its mortgage range.
Nationwide updates rates and offers discount to loyal borrowers
Nationwide is making changes to its fixed rates and tracker rate mortgages. NewBuy and four-year fixed rates will remain unchanged.
Free impartial help for property owners hit by mortgage rate rise
Several hundred thousand of Santander mortgage customers have just been alerted to the fact their standard variable mortgage rate (SVR) will rise from 4.24% to 4.74%.
Coventry Building Society launches new residential mortgages
Coventry Building Society has launched a new, market leading range of 85% LTV Residential and Offset mortgages with 2 year fixed rates starting from 4.33%.
Chelsea helps borrowers by cutting rates
Mortgage holders who want the security of knowing the size of their monthly repayments can benefit from rate cuts by Chelsea Building Society.