Mortgage News
Number of high LTV mortgage deals falls
The number of mortgages available for first time buyers and borrowers with smaller deposits has fallen significantly over the last year, giving less choice to those trying to get onto the property ladder, according to MoneySupermarket.
Borrowers urged to act quick to get the best mortgate rates
Commenting on HSBC's announcement to withdraw its lowest five year fixed rate mortgage deal of 2.99%, Michael Ossei, personal finance expert at uSwitch.com, says:
Barclays reduces mortgage rates
Barclays is lowering some of its popular mortgage rates by up to 0.30 percentage points and introducing a five year fixed rate at 4.89 per cent for those with a smaller deposit of 15 per cent deposit or equity.
The Cambridge raises its Standard Variable Mortgage Rate
The Cambridge Building Society has announced that its Standard Variable Rate (SVR) will increase on both residential and Buy to Let mortgages.
Leeds launches shared ownership mortgage
Leeds Building Society has launched a new shared ownership mortgage product, to help first time buyers onto the housing ladder, at a competitive rate of 5.99% for 3 years.
First-time buyer activity helped drive lending in June
First-time buyer activity helped sustain lending for house purchase in June, according to data published by the Council of Mortgage Lenders.
Fall in mortgage possessions and flat arrears in second quarter
The number of mortgage possessions in the second quarter of 2012 declined, according to the Council of Mortgage Lenders.
Post Office introduces Mortgage Specialists into branches
The Post Office is launching its first phase of introducing specially trained Mortgage Specialists in branch, starting with five of its larger branches across the UK.
Building societies vs banks - battle of the mortgage deals
A comparison of mortgages offered by building societies versus banks shows that customers should not be blinded by headline rates on offer as high fees could mean paying more for borrowing than is necessary, according to research by MoneySupermarket.
Coventry Building Society extends helping hand to first time buyers
Coventry Building Society is launching a new range of mortgages for First Time Buyers at up to 90% LTV, with low flat fees and excellent rates.
Tesco adds mortgages to its banking basket
Tesco Bank extends its range of banking services with the launch of mortgages.
Saffron Building Society re-launches 95% first time buyer mortgage
Saffron Building Society has re-launched its popular 95% mortgage for first time buyers who have been renting for 12 months or more.
£5bn commitment for first time buyers
Lloyds Banking Group has unveiled the UK's largest commitment to first time buyer lending by confirming it will lend £5bn to first time homeowners by the end of 2012.
Lending by mutuals grows strongly in the first half of 2012
In the first half of 2012 gross mortgage lending by building societies and other mutuals was £14.1 billion, which is up 38% compared to the £10.2 billion in the same period in 2011.
first direct cuts mortgage rates
first direct has cut the rates on all of its standard and fee free mortgage range.