Mortgage News
Chelsea recognised for mortgage excellence
Chelsea Building Society has been recognised at the Moneywise Mortgage Awards winning Best Lender for Fixed Rates.
Clydesdale and Yorkshire Banks launch fee free mortgage offer
Clydesdale and Yorkshire Banks will announce a boost for homeowners with the launch of a fee free mortgage offer beginning Monday 11 June 2012.
Virgin Money amends interest only policy
Virgin Money has amended its policy on interest only residential mortgage lending, and will now accept interest only cases up to 70% loan to value (LTV), compared with 75% previously.
Legal expert welcomes HSBC mortgage move
Changes by banking giant HSBC to its conveyancing approach have been welcomed by a East Midlands property law expert.
Leeds shared ownership mortgage up to 95% of borrower share
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 5.69% for 2 years.
Mortgage lending and approvals increase in April
Gross mortgage lending by building societies and other mutual lenders rose 23% in April 2012 compared to the same month last year.
Barclays set to ‘mop up' with fee free and cashback fixed rate mortgage
Barclays' further discount on its fixed rate mortgage - ‘The Great Escape' - sends out a clear signal that the giant intends to mop up customers unhappy with other lenders' SVR increases, says uSwitch.com, the independent price comparison and switching service.
Monmouthshire helps first time buyers onto property ladder
Monmouthshire Building Society, one of Wales’s largest and most successful financial institutions, is successfully helping local first time buyers make those all-important first steps onto the property ladder.
Gross mortgage lending declines in April
Lending fell by 19% from £12.6 billion in March but was 2% higher than the total of £10.0 billion in April 2011, according to the Council of Mortgage Lenders.
Barclays launches new ‘Scan and Send’ system for brokers
Barclays has launched its new Scan and Send system, allowing mortgage brokers to electronically submit documents and intended to speed up the mortgage application process.
Fee free mortgages for first time buyers
Clydesdale and Yorkshire Banks have launched a fee free mortgage offer* for first time buyers.
Santander launches Newbuy mortgages
Santander has launched its range of NewBuy mortgages via intermediaries with established ties to Barratt Homes, Berkeley, Bovis Homes, or Persimmon.
Halifax launches leading Home Finder app
Halifax has launched the UK's first smartphone app which offers a 'one stop shop' for UK house hunters. The app combines property search facilities, mortgage affordability calculators, local area information and property buyers' guides.
The Co-operative Bank withdraws interest only mortgage range
From Tuesday 8th May 2012, new customers at The Co-operative Bank will be able to take out mortgages on a capital and repayment basis only.
Mortgage customers face £300 million additional mortgage bill
On the day when over a million people will be hit by the Standard Variable Rate (SVR) and variable rate mortgage rise, Which? estimates consumers will face an additional £300 million in mortgage repayments over the next year.