Mortgage News
Gross mortgage lending increases 16% year-on-year
The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.5 billion in April.
Skipton cuts rates on new build fixed range and simplifies its Help to Buy range
Skipton Building Society is cutting rates up to 0.34% on 2 year New Build products at 90% LTV and is also launching a simplified Help to Buy range.
Leeds criteria changes aid interest only borrowers
Improvements to its interest only mortgage range are enabling Leeds Building Society to help more under-served borrowers.
Gross mortgage lending £17.6 billion in February
The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.6 billion in February.
West Brom removes mortgage completion fees and improves rates
Building society the West Brom has reviewed its mortgage range, lowering fees and cutting rates by up to 0.30%.
The Yorkshire helps first-time buyers with an extra £500
Yorkshire Building Society is giving first-time buyers a helping hand by offering them an extra £500 cashback when they complete on a mortgage with the Society.
Volume of let-to-buy mortgages up as MCD deadline approaches
As lenders prepare for the implementation of the Mortgage Credit Directive (MCD) in March, Paragon Mortgages’ latest Financial Advisors Confidence Tracking (FACT) report reveals that in Q4 2015 nearly one in eight of mortgage cases dealt with by brokers related to let-to-buy.
Gross mortgage lending up 8% in 2015
The Council of Mortgage Lenders estimates that gross mortgage lending reached £19.9 billion in December.
Lloyds extends £500 cashback offer to first-time buyers and homemovers
Lloyds bank has today extended its existing £500 remortgage cashback offer to include its first-time buyer and homemover range.
Half of buyers want to see return to 100% mortgages to beat deposit barrier
Half of homebuyers would welcome a return to 100% loan-to-value mortgages to jump the hurdle of not being able to save a big enough deposit to purchase a home, research by mortgage lender and broker Ocean Finance reveals.
How much is your mortgage really worth?
Historically, inflation has made fixed-term mortgages seem like a sure bet. Inflation tends to reduce the value of mortgage debt, while wages and salaries tend to rise to match it, making mortgage repayments feel that little bit easier.
Over half say they will struggle when interest rates rise
Over half (52%) of borrowers say they will struggle or fall behind with mortgage repayments when interest rates rise, according to new research by the Building Societies Association.
Remortgage demand prompts Leeds to launch new five year deal
Leeds Building Society has launched a new five year fixed rate deal for remortgagors wanting to take advantage of current competitive rates.
Gross mortgage lending grows by 9% in July
The Council of Mortgage Lenders estimates that gross mortgage lending reached £22 billion in July.
Spike in number of mortgage deals for August already highest for five years
A national firm handling conveyancing for many of the UK’s major lenders has reported an extraordinary jump in the number of mortgage deals in the past two weeks.