Mortgage News
Barclays offers escape from SVR hike
Barclays is launching four competitively priced fixed rate mortgages. These include a two year Great Escape remortgage package priced at 3.89 per cent for 70 per cent loan to value (LTV) which allows customers to switch their mortgage to Barclays with no application fee, free legal work, free valuation and £300 cashback.
95% LTV mortgage availability doubles in a year
The number of mortgage products offering maximum loan-to-values of 95% has more than doubled over the past year, from just 27 to 61 today, according to Moneyfacts.co.uk.
Chelsea offers borrowers help with conveyancing costs
Chelsea Building Society is enhancing its mortgage range by introducing a range of products offering a free valuation and a legal fee incentive.
Homeowners beware! Mortgage rates on the rise
MoneySupermarket is urging borrowers to check their current mortgage arrangements after new analysis by the price comparison site has shown that average mortgage rates have begun to rise.
Coventry Building Society refreshes mortgage range
Coventry Building Society has refreshed it's range to include highly competitive Offset, Fixed, Base Rate Tracker and Buy to Let mortgage products with a range of fee options.
More misery for homeowners as Co-op increases mortgage rates
The Co-op Bank has become the third mortgage provider to put up its standard variable rate (SVR) this year, increasing it by 0.5% from 4.24% to 4.74%.
February mortgage lending shows healthy trend for 2012
Gross mortgage lending by building societies and other mutual lenders rose 28% in February 2012, compared to the same month last year.
Yorkshire cuts conveyancing costs for borrowers
Yorkshire Building Society is cutting costs for borrowers by extending help with valuations and legal fees to all mortgage customers.
The Co-op offers first time buyers stamp duty support
With the stamp duty holiday for first time buyers due to come to an end this Saturday (24 March), The Co-operative Bank is launching a new range of fee-free products offering relief to first time homeowners who may have missed the deadline.
The Co-op launches campaign for interest only mortgage customers
The Co-operative Bank is waiving fees and launching a major campaign to increase the number of interest only mortgage customers with a repayment strategy in place.
Nationwide launches NewBuy products
Nationwide Building Society is showing its support for the NewBuy scheme by introducing a NewBuy mortgage range.
Barclays launches NewBuy mortgages
Barclays has reaffirmed its commitment to first time buyers with the launch of two competitively priced mortgages with rates from 4.99 per cent, to support the Government's NewBuy initiative which will provide mortgages up to 95 per cent loan to value (LTV) for new build properties in England.
NatWest support for Government NewBuy scheme
NatWest confirmed participation in the launch of the Government NewBuy Scheme. The initiative aims to help 100,000 people buy a new-build home with a deposit between 5% and 10%.
SVR increases add to borrowers' woes
Ray Boulger of leading independent mortgage adviser John Charcol comments on the news that the MPC left Bank Rate and the size of the Quantitative Easing programme unchanged on the third anniversary of reducing Bank Rate to its lowest ever level of 0.5%.
Nationwide launches £1,000 "stamp duty" cash-back offer
Nationwide Building Society has announced details of a new "stamp duty" offer which means first-time buyers who reserve a mortgage with the Society get £1,000 to put towards paying the stamp duty on their property.