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Mortgage News

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.

Mortgage rates starting to edge up on base rate rise speculation

With recent indication that the Base Rate could rise in a matter of months, several lenders have started to hike their mortgage rates. Therefore those looking for a new mortgage should make the most of the current offers now before it’s too late, urges MoneySuperMarket.

Halifax launch market leading instant online Agreement in Principle

Halifax has launched a mobile Agreement in Principle (AIP) tool which enables customers to receive an instant lending decision while they are on the move in less than fifteen minutes.

Platform reduces rates for borrowers with smaller deposits

Platform, the intermediary lender of The Co-operative Bank, has revised its mainstream mortgage range available to brokers.

Gross mortgage lending up 29% in June

Gross mortgage lending in June showed a significant rise compared to the previous month, according to the Council of Mortgage Lenders.

Mortgage broker confidence sitting just below highest recorded levels

Mortgage broker confidence in the outlook for their own firms continues to recover, with the proportion of intermediaries who feel ‘very confident’ about the outlook for the intermediary sector and the mortgage market as a whole increasing in Q1, according to the latest Halifax Intermediaries Broker Confidence Tracker.

Around half of young borrowers will need a mortgage lasting into retirement

Around half of 25-34 year olds say they may need a mortgage that lasts into retirement, a BSA survey has revealed.

Mortgage rates for first time buyers at their lowest in the last three years

Those looking to get a foot on the housing ladder have never had it so good, as both the...

TSB offers breathing space for home buyers

TSB is launching a new range of “breathing space” mortgages – mortgages which, for the first year have a lower interest rate to help customers wanting to put their own stamp on their new pad.

Arrears and repossessions continue to fall

Latest figures from the Council of Mortgage Lenders show a fall in the first quarter of this year in the number and the proportion of mortgages in arrears or ending in repossession.

Nationwide offers £500 cashback for first time buyers

Nationwide is replacing its current £500 product fee discount with a £500 cashback available to all first time buyers.

More choice for Help to Buy remortgagors from Leeds Building Society

Leeds Building Society has launched two new remortgage products for homeowners who bought their properties with assistance from the Government’s Help to Buy (HTB) Equity scheme.