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Mortgage News

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

Largemortgageloans.com, 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.

House purchase lending down 12% in November

New CML data on the characteristics of lending in November 2014 show a decline in lending trends to first-time buyers, home movers and remortgaging, from the heights of November 2013; but a year-on-year increase in buy-to-let lending.

Get mortgage fit with Barratt in 2015

As 2015 gets underway attention moves to a new home for the new year, five star housebuilder Barratt is urging homebuyers to get mortgage fit now to secure the best mortgage deals available.

New discount mortgages launched by Leeds Building Society

Leeds Building Society has improved its range of competitive discount mortgages with market-leading new products and rate cuts of up to 0.75% on existing deals.

Halifax gives Extra to Homemovers and First-Time Buyers

Halifax has welcomed in the New Year by offering homemovers and first-time buyers two months interest back on their mortgage.

Expat mortgage approval is not “a struggle”

Despite British expats now typically being classed as ‘high risk’ by UK lenders, mortgage approval should not be a struggle - if three key steps are taken, affirms the UK arm of one of the world’s largest independent financial advisory organisations.

Skipton launches new fee free two-year discount mortgages

Skipton Building Society is launching a new residential 2 Year Discount mortgage range with rates from 1.69%.