Mortgage News
One in two mortgage holders do not have life cover
Nearly one in two mortgage holders in Britain (43%) do not have their mortgage contributions covered by life insurance, new research from Sainsbury's Life Insurance indicates.
Mortgage lending by mutuals grows 10% in September
Gross mortgage lending by mutuals was £2.2 billion in September, which is 10% greater than the £2.0 billion lent in August, according to the Buildings Societies Association (BSA). Mortgage approvals made in September amounted to £1.9 billion, a slight increase on the £1.8 billion approved in August.
Santander launches new 60% LTV deals and reduces rates
Santander has launched two new products at 60 per cent LTV for customers looking to remortgage. The competitive products, a tracker at 2.19 per cent and a fixed at 2.99 per cent, both come with a £995 fee. The fixed rate product has a completion deadline of 31 January 2011.
Borrowers urged to look beyond headline mortgage rates
Yorkshire Building Society has a solution for those looking to sort out their finances for Christmas. Those who re-mortgage before the end of 2010 could save £1,716 over the next two years by choosing Yorkshire's new two year fixed rate mortgage at 2.89% rather than the cheapest rate on the High Street.
Northern Rock mortgage website shortlisted for second award
Northern Rock’s new interactive mortgage website has been shortlisted by the British Interactive Media Association (BIMA) for a prestigious annual award.
Leeds launches 2 year discount mortgage at 2.45%
Leeds Building Society has launched a new market leading 2-year discount mortgage at only 2.45%. Furthermore, this product also allows the flexibility of 10% capital repayments each year and there is no higher lending charge.
Mortgage lending fell in September
Gross mortgage lending totalled an estimated £12 billion in September, down 1% from £12.1 billion in August and down 7% from September 2009 (£12.9 billion), according to the Council of Mortgage Lenders (CML). This is the lowest September total since 2000 (£10 billion).
The secret to bridging loan success in France
It’s a familiar story. You’ve put your UK home on the market, keen to make a fresh start in France.
Review your finances ahead of the Spending Review
Following on from measures announced in June's emergency budget it is widely predicted that this week's Spending Review announcement will spell out even tougher measures to cut the budget deficit. In these austere and difficult times, analysis by moneysupermarket.com shows how consumers can take matters into their own hands, and save an extra £2,982 by switching to the best deals available on their financial products.
Barclays ‘The Great Escape’ remortgage package
Barclays is helping to liberate customers from standard variable rate mortgages with a specially designed “The Great Escape” remortgage package, launching Tuesday 19th October.
NatWest & RBS cut mortgage rates
From Tuesday 19 October, NatWest and RBS will reduce mortgage rates by up to 0.50% across a range of deals up to 60% loan to value.
Parents unaware of how to help today's first-time buyers
Despite a growing reliance on the Bank of Mum and Dad, over half (53%) of parents of potential first-time buyer children (i.e. 18 to 35 year olds) are not willing to take financial advice to ascertain how best to support their children's home purchase and 38% of parents surveyed said they were unaware of any of the major four mortgage products designed to help their children take their first step into homeownership research from the UK's largest first-time buyer lender, the Halifax, reveals.
Barclays offers ‘get out of tracker deal’ service
As the innovator of lifetime trackers, accounting for 63 per cent of all Woolwich mortgage deals taken out since we launched in 2006, Barclays today is the first provider to extend the popular ‘Switch & Fix ‘ (or ‘drop lock') feature to all existing Woolwich mortgage customers who have taken out tracker deals.
Coventry Intermediaries cuts rates on new mortgage range
Coventry Intermediaries has launched an exciting new mortgage range including residential and buy to let products with no arrangement fees.
Remortgaging falls to lowest level in 10 years
Remortgaging accounted for only 25% of loans in August, the lowest proportion in over 10 years, according to the latest survey data from the Council of Mortgage Lenders.