Mortgage News
Lloyds TSB Equity Support Scheme to help property prisoners
Lloyds TSB champions the need for a sustainable housing market and today identifies the borrowers key to achieving this. Releasing its inaugural report, Lloyds TSB introduces the plight of Second Steppers.
Record low base rate creates ‘false sense of security’
Over seven million homeowners have not reviewed their mortgage since the base rate first fell to 0.5% back in March 2009 according to new research by unbiased.co.uk, the professional advice website.
Skipton International surges to number one mortgage spot
A significant change to the old order was revealed in official figures released this month giving details of mortgage volumes in Guernsey for 2010. These show for the first time that local bank Skipton International has surged to the number one spot, claiming nearly 30% of all mortgage bonds issued during 2010.
Fees make finding the right mortgage a harder task
Mortgage providers are charging their customers a total of 39 different types of fee, according to new research by Which? Money.
Couples choose mortgage before, or over, marriage
Many couples are choosing mortgages before, or over, marriage vows to show their commitment to each other, according to new research from Post Office Mortgages.
Gross mortgage lending subdued in December
Gross mortgage lending in December was an estimated £11.0 billion, according to the Council of Mortgage Lenders.
Santander cuts mortgage rates and launches new fixed rates
Santander is introducing a selection of changes to its current mortgage range including the reduction of its two year tracker rates and the introduction of two new two year fixed 80 per cent LTV deals:
Coventry Intermediaries cuts mortgage rates
Coventry Intermediaries has cut rates and increased LTV's within its market leading Residential and Buy to Let portfolio.
New capital repayments mortgage scheme
With the Bank of England base rate continuing to remain at an historic low, The Co-operative Bank and Britannia are now offering customers the opportunity to make additional capital repayments on their mortgage, of up to 50% without penalty.
House purchase lending unchanged in November
November was a stable month with very few changes to the volume and value of mortgage activity, according to new data from the Council of Mortgage Lenders. 44,000 loans for house purchase, worth £6.3 billion, were advanced in the month.
Ongoing low mortgage rates create ‘interest rate-spoilt’ generation
With the Bank of England base rate remaining at 0.5% for a record 21 months, tracking data from unbiased.co.uk reveals the emergence of a new ‘rate-spoilt' generation.
Yorkshire mortgages receive over 1500 best buy mentions
Yorkshire Building Society has celebrated the end of 2010 with a bang by announcing a total over 1,500 best buy mentions across their mortgage products throughout the year.
Credit cards used to pay mortgage and rent
More than two million people have used credit cards to pay their mortgage or rent, an increase of almost 50 percent in a year, new research from Shelter reveals.
Clydesdale launches mortgage offer for Signature customers
Clydesdale Bank has launched a mortgage offer exclusively for its Signature Account customers.
Barclays looks to boost remortgage market
Barclays is continuing to encourage even more borrowers sitting on standard variable rate mortgages to move to a better rate, by extending the loan to value on its popular ‘Woolwich Great Escape' remortgage package to 80 per cent loan to value from 6th January 2011.