Mortgage News
Leeds Building Society to help more first time buyers
Leeds Building Society will provide mortgages to thousands more homebuyers as it looks to increase lending by 40% in 2011, to £1.4bn. The UK's 5th largest building society, which announced record results last month, will continue to design products specifically for first-time-buyers through its range of shared ownership mortgages.
February mortgage lending unchanged
Gross mortgage lending in February was an estimated £9.5 billion, according to new data published by the Council of Mortgage Lenders.
Homeowners missing out on an early mortgage finish
Research by Barclays has found that 84 per cent of homeowners could be missing out on the opportunity to shave years off their mortgage by overpaying by even small amounts.
Lloyds TSB acts on call for first time buyer innovation
Lloyds TSB has introduced Local Lend a Hand - a new concept designed to help first time buyers purchase a home with a deposit of just 5%.
17,000 people lost their homes due to reckless lending
More than 17,000 homeowners would have been saved from the nightmare of repossession if proposed cuts to reckless lending had been in place, Shelter reveals today.
Mortgage lending in January fell 26%
An unusual combination of factors led to a 26% fall in house purchase lending in January, according to new data from the Council of Mortgage Lenders.
Barclays launches new everyday banking videos online
Barclays has launched two new online videos, helping customers get to grips with all the essentials they need to know about their everyday banking for savings and mortgages.
Clydesdale and Yorkshire committed to helping first time buyers
For those hoping to take their first step onto the property ladder in 2011, Clydesdale and Yorkshire Banks have some good news.
Northern Rock launches 90% LTV mortgages
As part of its new support package for First Time Buyers, Northern Rock has introduced a new range of Everyday mortgages with competitive interest rates available up to a maximum of 90% LTV.
Yorkshire reduce Mortgage Protection Insurance rates
Yorkshire Building Society has announced that it will be reducing its Mortgage Protection Insurance rates (MPI) in a bid to help customers cope with rising living costs.
Home birds could help pay off their parents' mortgage earlier
Using adult children's board money to overpay just £160 each month, could save parents over £10,000 in 5 years on their mortgage.
Jersey house prices remain flat during 2010
Average house prices fell by 2% during 2010 compared to the position at the end of 2009, according to data released this month by the States of Jersey.
Gross mortgage lending declines in January
Gross mortgage lending declined to an estimated £9.2 billion in January, a 13% fall from £10.6 billion in December but a 5% rise from £ 8.8 billion in January 2010, according to new data from the Council of Mortgage Lenders.
Santander Mortgages launches new deals
Following the launch of last week's market-leading two year 90% LTV fix, Santander, the ‘Home of UK Mortgages', is reducing the rate on another great product available exclusively to first time buyers by 0.15 per cent:
Skipton launches Options mortgage range
With Bank Base Rate widely expected to begin rising before the end of 2011, Skipton Building Society is offering borrowers added peace of mind with its Options mortgage range, an innovative new set of Base Rate Tracker products offering a ‘Switch and Fix' facility.