Mortgage News
John Charcol offers 95% LTV mortgages for first time buyers
Ray Boulger of leading independent mortgage adviser John Charcol comments on two new innovative 95% LTV First Time Buyer (FTB) mortgages.
Guiding you through the mortgage maze
In the ongoing financial climate, buying a house and arranging a mortgage is as daunting as it has ever been.
LV= cuts equity release rates and age bands
Equity release specialist LV= has announced a reduction in the number of age bands applied on its equity release products, and a rate cut on its lifetime and flexible lifetime mortgage.
Introducing Chelsea's 5, 6, 7 mortgage!
Chelsea Building Society have announced they are launching a new 5, 6 and 7 year mortgage offering members more choice and flexibility when choosing their mortgage.
Platform offers let to buy mortgage solution
Platform has launched a new range of mortgage products including a let to buy solution. The Co-operative Bank's dedicated intermediary lender, will now offer its whole range of buy to let mortgages on a let to buy basis, allowing borrowers that do not want to sell their existing property to remortgage onto a buy to let product.
Northern Rock launches mortgages with cashback
Northern Rock has launched a new range of mortgages which offer Cashback on completion in order to help customers cover the costs associated with moving home or taking a new mortgage.
Mortgage market stable but tough times continue
The Association of Mortgage Intermediaries (AMI) has released its latest Quarterly Economic Bulletin looking at the economy, housing and mortgage markets.
Gross mortgage lending increases in June
Gross mortgage lending totalled an estimated £12.6 billion in June. This represented a 16% increase from the £10.8 billion lent in May but was 3% lower than June 2010 (£13.0 billion), according to new data from the Council of Mortgage Lenders.
Skipton cuts rates on residential and buy to let mortgages
Skipton Building Society is further enhancing its attractive mortgage offering by reducing rates on selected residential and buy-to-let fixed rate products.
Green shoots of recovery for first time buyers in mortgage market
First time buyers and borrowers with smaller deposits are enjoying the first signs of recovery in the UK mortgage market, with the number of products available for those with a 10 per cent deposit rising to the highest levels since November 2008, according to analysis by moneysupermarket.com.
Kensington doubles maximum loan size to £1m
Kensington has doubled its maximum loan size to £1 million and its maximum loan for first-time buyers to £500,000.
New talks could spark shift in mortgage lending
The restrictions on mortgage lending have caused a huge strain on the property market, but things could soon be about to change as John Elliott, Managing Director of Millwood Designer Homes, explains:
9,000 mortgage products launched or updated in the 3 months
According to independent financial research company Defaqto, 8,968 mortgages were either brought to market or updated by providers between 1st April and the end of June this year. In addition, almost 600 mortgage products were removed from the market during this period.
Barclays reduces fixed rates and introduces new mortgage deals
Barclays is reducing rates again on over a third of its Woolwich fixed and tracker mortgages by up to 0.50 percentage points from Tuesday 19 July, allowing borrowers to access some of the most competitive deals in the market.
Mortgage approvals surge in June
Purchase approvals rose 6.7% in June, in part as lenders increased activity to meet planned half-year lending targets.