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Mortgage News

Around half of young borrowers will need a mortgage lasting into retirement

Around half of 25-34 year olds say they may need a mortgage that lasts into retirement, a BSA survey has revealed.

Mortgage rates for first time buyers at their lowest in the last three years

Those looking to get a foot on the housing ladder have never had it so good, as both the...

TSB offers breathing space for home buyers

TSB is launching a new range of “breathing space” mortgages – mortgages which, for the first year have a lower interest rate to help customers wanting to put their own stamp on their new pad.

Arrears and repossessions continue to fall

Latest figures from the Council of Mortgage Lenders show a fall in the first quarter of this year in the number and the proportion of mortgages in arrears or ending in repossession.

Nationwide offers £500 cashback for first time buyers

Nationwide is replacing its current £500 product fee discount with a £500 cashback available to all first time buyers.

More choice for Help to Buy remortgagors from Leeds Building Society

Leeds Building Society has launched two new remortgage products for homeowners who bought their properties with assistance from the Government’s Help to Buy (HTB) Equity scheme.

Borrowers alter spending habits to beat the mortgage approval minefield

With Sunday marking the 12-month anniversary of the introduction of tougher mortgage lending rules, research by MoneySuperMarket has shown that prospective borrowers are changing their spending habits in a bid to pass the tighter lending criteria.

Halifax Intermediaries launches new two-year tracker at 1.09%

Halifax Intermediaries has launched a new range of competitive two and five-year products in addition to reducing rates across the two-year tracker range for first-time buyers, home movers and remortgage customers by up to 0.3%.

Breaking barriers for the rich and famous, UK mortgage broker to specialise in arranging mortgages of £500,000 and above, is breaking barriers for high net worth individuals, and has consequently surpassed the £6billion mark in mortgage enquiries in only three years (March 2015).

Leeds is first lender to accept Help to Buy re-mortgages

Leeds Building Society is continuing to innovate in the mortgage market by becoming the first lender to accept re-mortgage applications from Help to Buy Equity borrowers.

Skipton's gross mortgage lending up by almost a quarter

Skipton Building Society’s annual results shows the Society has enabled significantly more members to achieve their home ownership aspirations with new loans totalling £3.0 billion – up from £2.4 billion last year.

deVere Mortgages is launched due to soaring expat demand

deVere United Kingdom has initiated its long-anticipated drive further into the UK mortgage market by unveiling a new, standalone brand.

Nationwide cuts rates on low deposit mortgages

All of Nationwide’s 95 per cent loan to value (LTV) Save to Buy fixed rates have been reduced by up to 0.35%, with rates starting at 4.44% for prospective buyers with a 5% deposit.

Gross lending remains steady in December

The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.5 billion in December.

Santander launches its lowest ever 2-year fixed remortgage rate

Santander is launching its lowest ever two-year fixed rate, available to remortgagers. Coupled with these new fixed rates, Santander is substantially reducing rates on Help to Buy.