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Mortgage News

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.

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.