Mortgage News
Kensington revamps mortgage range
Kensington has revamped its mortgage products, introducing a new first-time buyer range, 5-year fixed rates, lower rates and higher LTVs as part of its strategy to become the intermediary lender of choice.
John Charcol - Variable rate mortgages the product of choice
Ray Boulger of leading independent mortgage adviser John Charcol comments on the outlook for mortgage rates following today's inflation and retail sales figures.
Leeds launches new shared ownership mortgage
Leeds Building Society has launched a new shared ownership mortgage product, which has been designed to help first time buyers onto the housing ladder, with a competitive fixed rate for shared ownership of only 6.19%.
Homeowners urged to regularly review their mortgage deal
Despite the Bank of England base rate remaining at 0.5% again this month, there is increasing speculation over when it will rise and worrying new research from unbiased.co.uk, the professional advice website, shows 22% of all homeowners are completely unaware of the effect this increase will have on their personal monthly mortgage repayments.
Small improvement for mortgage market in February
Mortgage lending increased slightly in February after a particularly downbeat January, according to figures from the Council of Mortgage Lenders.
Coventry extends mortgage range with cracking new deals
Coventry Building Society has added to their new mortgage range with a number of highly competitive products.
Northern Rock reduces mortgage rates
Northern Rock has reduced selected rates in its competitive Everyday Fixed rate mortgage range.
Debt charity warns of rise in mortgage arrears
National debt charity Consumer Credit Counselling Service (CCCS) has warned that many homeowners will struggle to keep the roof over their heads this year. CCCS says that budget pressures such as high inflation and wage freezes are restricting the ability of many to pay their mortgages.
Regular home saver launches to help first time buyers
Clydesdale and Yorkshire Banks have launched a new savings account to help First Time Buyers build a deposit and get a foot on the housing ladder.
‘Free to leave' homeowners driven by rises in monthly payments
According to recent research carried out on behalf of first direct, mortgage holders who have come to the end of their current mortgage deal and are ‘free to leave' appear more sensitive to a rise in their monthly payments than a rise in the Bank of England Base Rate.
Rising mortgage costs spell confusion for Brits
The price of arranging a mortgage has risen over the last 18 months, making it harder for consumers to gauge the total costs involved when applying for a loan.
First time buyers - Road blocks and ways forward
With only around 200,000 First Time Buyers (FTBs) per annum, under half (400,000 to 500,000) of those recorded in more typical market conditions, it would seem that many hundreds of thousands of ‘wannabe' buyers have been prevented from buying.
Mortgages - better protection for European consumers
The financial crisis has shown the damage that irresponsible lending and borrowing practices can have on consumers and lenders, as well as the financial system and the economy at large.
Mortgage approvals by mutuals increase in February
Mortgages to the value of £1.7 billion were approved by mutual lenders in February. This is 23% higher than the £1.4 billion approved in February last year. Gross mortgage lending by mutuals was £1.5 billion in February, compared to £1.2 billion in February 2010.
Northern Rock makes further mortgage rate cuts
Just ten days after its last round of rate reductions, Northern Rock has further decreased interest rates in its Everyday mortgage product range with effect from today, 25 March 2011.