Mortgage News
Clydesdale Bank named Best Mortgage Lender in Scotland
Clydesdale Bank has been named "Best Mortgage Lender in Scotland" for the seventh consecutive year at the prestigious Your Mortgage Awards.
Subdued mortgage market in Scotland
Scotland continued to see a subdued mortgage market in the third quarter of 2010, broadly mirroring the UK as a whole, according to data by the Council of Mortgage Lenders.
Will 2011 be the year of the fixed remortgage?
The ongoing economic turbulence throughout 2010 left the ‘fix or float your mortgage' debate rather one sided. With no sign of interest rates rising, many homeowners have sat tight on standard rates or opted for trackers. However latest sales data from first direct shows that homeowners may be starting to return to fixed rates in ‘normal' numbers.
Woolwich ‘Great Escape' re-mortgage LTV increased
Barclays increases the loan to value on its popular Woolwich ‘Great Escape' re-mortgage package and introduces a new range of deals from Tuesday 23 November, to help liberate even more borrowers, from standard variable rate mortgages.
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 5.99%.
Mortgage lending down 9 per cent
Gross mortgage lending in October was an estimated £12.4 billion, unchanged from September but down 9% from £13.6 billion in October 2009, according to new data from the Council of Mortgage Lenders. This is the lowest October total since 2000 (£9.9 billion).
Leeds launches 2 year discount mortgage at 2.80%
Leeds Building Society has unveiled a new 2-year discount mortgage at only 2.80%. Furthermore, this deal also allows the flexibility of 10% capital repayments each year and there is no higher lending charge.
Brokers get automatic help to keep track of applications
Barclays unveils an updated IntroTrack service to ensure any broker submitting Woolwich mortgage applications automatically gets signed-up for the service, allowing them to receive email updates at each of the six key stages.
Cost of running a home falls
The cost of running a home has fallen by nearly 14% in the past two years and now stands at around £8,059 per year, according to estimates based on analysis of industry data by Sainsbury's Home Insurance.
Mortgage arrears and possessions fall
Mortgage arrears and possessions continued to decline in the third quarter, according to latest CML data, showing that a combination of low interest rates, a responsible approach by borrowers and lenders, and support from the government and debt advisers has been helping to keep payment problems in check.
Borrowers start to flirt with remortgaging
The latest mortgage index from John Charcol reveals that borrowers making enquiries about remortgaging spiked by 42% in October when compared to the previous month, while purchase enquiries were broadly the same.
Christmas may have come early for first time buyers
Things are looking up for first time buyers, according to analysis from moneysupermarket.com. There has been a 22 per cent increase in the number of products available for first time buyers since the start of this year.
Top tips for mortgage borrowers in the current climate
Especially in the current interest rate environment, the mortgage market is leaving many borrowers confused about the right approach to take and the best options open to them. But help is at hand - unbiased.co.uk's mortgage advisers give their top tips to help first time buyers and those looking to remortgage to find the best rates.
Yorkshire’s mortgages to suit everyone
A new dress may look wonderful on the mannequin but may be totally unflattering when worn. Similarly the type of mortgage a borrower chooses should be tailored to their personal needs.
Santander mortgages cuts rates again
Santander has reduced rates yet again on both fixed and tracker products along with the launch of a new competitive two year fix, at 4.15 per cent and 75% LTV, for remortgage customers with a fee of just £99.