Mortgage News
Northern Rock reduces rates on Intermediary Exclusives
Northern Rock has reduced rates by up to 0.12% on its Intermediary Exclusive product range and altered the structure of Early Repayment Charges.
TMW improves its residential mortgage range
The Mortgage Works (TMW) is to make a number of enhancements to its residential mortgage range. These include interest rate reductions of up to 0.80% on trackers and up to 0.95% on fixed rate products.
Clydesdale Bank to launch higher LTV products for brokers
Clydesdale Bank is to launch new higher LTV mortgage products for first time buyers and new-builds. The new deals will be available from 14th July.
Kensington increases maximum LTV to 90%
As part of its ongoing commitment to support intermediary only lending, Kensington has increased its maximum LTV to 90%.
Platform improve mortgage application process
Platform have introduced an upload document facility to its online application tracking system, clicktrack, which should quicken up the mortgage application completion process for brokers.
Northern Rock cuts mortgage rates across its range
Northern Rock has reduced mortgage rates both across its core residential and Buy To Let ranges, and its selection of Intermediary Exclusive products.
Demand for advice from first-time buyers hits annual high
Latest figures from unbiased.co.uk's Advice Drivers report show that whole of market mortgage advice on first-time buying triggered 40% of total searches on its ‘find a mortgage adviser' service, levels not reached since April last year.
First time buyers thrown a lifeline through new partnership
First Time Buyers struggling to get on the property ladder have been thrown a lifeline with the first in a series of shared ownership homes made available in Newport.
Saffron announces 95% first time buyer mortgage
Saffron Building Society announces the launch of a new 95% mortgage for first time buyers who have been renting for 12 months or more.
Chelsea Building Society launch paperless online mortgages
Chelsea Building Society has announced the launch of a new online mortgage facility to complement their existing branch and telephone products.
Gross lending by mutuals up 20% in May
Gross lending by mutuals totalled £1.8 billion in May 2011, up 20% compared to the £1.5 billion in May 2010. Mortgage approvals by mutuals, also £1.8 billion, were up by 15% compared to the £1.6 billion approved in May last year.
HSBC continues support for first time buyers
HSBC is continuing its support for first time buyers by offering new competitive rates for higher Loan to Value (LTV) customers.
Mortgage rates continue to fall across many products
The average interest rate across two-year fixed rate mortgage products is at its lowest since the Bank of England base rate dropped to 0.5 per cent in March 2009, according to analysis from moneysupermarket.com.
Are you fab? (Female and Buying)
It looks as if its ladies first on the property ladder, with 1.8 million young women aged between 18-34 in the UK looking to buy a property in the immediate future, according to new research by Post Office Mortgages.
Northern Rock cuts mortgage rates for purchase, remortgage and BTL
Northern Rock has reduced mortgage rates for purchase, remortgage and Buy To Let consumers, making many of its products among the strongest in the market.