Mortgage News
Mortgage borrowers warned to look beyond headline rates
Anyone looking for a new mortgage may be tempted by some of the attractive headline rates currently available, but moneysupermarket.com is warning borrowers to make sure they understand the full details of the deal before applying, otherwise they may end up paying far more for their mortgage than alternative deals with higher rates.
Northern Rock’s mortgage website scoops digital award
Northern Rock’s new interactive mortgage website has been commended for ‘best use of digital by sector’ by a leading magazine.
New mortgage provides welcome support for first time buyers
The Co-operative Bank and Britannia are providing a further helping hand to first time buyers with the launch of a new 2 year fixed rate mortgage, available at 90% loan to value (LTV), with an initial rate of 5.09%, and an application fee of £999. The new mortgage is available from today (Thursday 23 September).
Nationwide ‘fee-friendly’ remortgage deals
Nationwide Building Society has announced a range of measures designed to support remortgage customers. With effect from Friday 24 September, Nationwide will offer remortgage products free from product, standard valuation and standard legal fees, with a booking fee of just £99.
HSBC is UK’s largest direct mortgage lender
Analysis of the 2009 mortgage lending data recently released by the Council of Mortgage Lenders (CML) reveals that HSBC is the UK's largest lender of mortgages sold directly to homeowners.
Barclays cuts lowest mortgage rates
Barclays has reaffirmed its ongoing commitment to the UK mortgage market with a cut in mortgage interest rates of up to 0.34 percentage points.
Brokers still play a vital role when it comes to mortgage selection
Andrew Hagger of Moneynet.co.uk comments: The mortgage market and the amount of business being written may only be a fraction of what it was back in the heady days before the banking crisis, but that doesn't mean that the job of finding the right mortgage has got any easier.
Gross mortgage lending declines in August
Gross mortgage lending declined to an estimated £11.4 billion in August, down 14% from £13.3 billion in July and 6% from £12.1 billion in August 2009, according to new data from the Council of Mortgage Lenders.
Mortgage Assistant App for iPhone
London & Country, the UK's leading fee-free mortgage broker, has launched a comprehensive mortgage application for the iPhone.
The Mortgage Works enhances Buy to Let and Prime ranges
The Mortgage Works (TMW) has made further enhancements to its Buy to Let and Residential Prime mortgage ranges, including new 75% LTV First Time Landlord and Let to Buy products and rate reductions of up to 0.60%.
Improving access to mortgages hasn't halted lack of confidence
The proportion of consumers surveyed in the September 2010 BSA Property Tracker Survey who do not think that this is a good time to buy a property has risen to 26% in September from 21% in June.
Subdued mortgage market in July
Demand for mortgages in July continued to be weak in what is traditionally a strong month, according the Council of Mortgage Lenders (CML). There were 56,000 loans for house purchase (worth £8.4 billion) advanced in July, up from 52,000 (worth £7.7 billion) in June, and from 53,000 (worth £7.3 billion) a year ago.
Godiva Mortgages extends prime residential range
Godiva Mortgages has extended its prime residential range to include two market leading fixed rate mortgages.
HSBC mortgage deals for first time buyers
HSBC is introducing two new mortgage deals aimed at first time buyers as part of its new mortgage range, available from Monday, 13 September.
69% think base rate will rise by August 2011
While interest rates are expected to be kept on hold at 0.5% for the 19th consecutive month when the Bank of England's Monetary Policy Committee (MPC) meets on Thursday, more than two thirds of respondents to a Fair Investment Company survey think it will have risen by this time next year.