Mortgage News

LV= improves Mortgage and Lifestyle Protection

Protection specialist LV= has announced improved flexibility and lower pricing for its Defaqto 5 Star rated Mortgage & Lifestyle Protection (MLP) product, developed as a superior alternative to traditional accident, sickness and unemployment cover.

Gross mortgage lending up 7% in May

Gross mortgage lending totalled an estimated £11.3 billion in May, a 7% increase from £10.5 billion in April and up 10% from £10.2 billion in May 2009, according to new data from the Council of Mortgage Lenders.

Conditions ripe for first-time buyers

As the Government announces it will help first time buyers get on the property ladder by boosting the number of new homes, new research from Santander Mortgages has found that the vast majority of potential first-time buyers would be better off buying a property than continuing to rent.

Legal & General Mortgage Club iPhone app

Legal & General Network has launched a mortgage sourcing iPhone app for its Mortgage Club members, powered by TrigoldCrystal. This is the first iPhone app to be launched just for mortgage advisers.

Quest awarded Preferred Supplier status for HSBC

Quest, the major IT infrastructure supplier in the survey and mortgage valuation market, has announced it has been awarded the Preferred Supplier contract to supply web-based mortgage valuation hosted services for HSBC Bank plc, which includes First Direct.

Platform mortgage exclusively for couples

Platform has took flexible mortgage underwriting into new territory with the launch of the first product just for joint applicants.

HSBC Split Loan Mortgage offer extended

Mortgage customers struggling with the dilemma of whether to continue with a low variable rate mortgage, or benefit from the security of locking into slightly higher fixed mortgage rates, are split 50:50, according to HSBC.

Does it pay to be green?

The BP oil spill in the Gulf of Mexico has already been hailed the worst environmental disaster in US history, once again bringing green issues to the forefront of people's minds.

Barclays makes new mortgage offer to Bovis Homes customers

Barclays, through its mortgage arm Woolwich, has launched a market-leading mortgage offer for up to 90 per cent loan to value (LTV) available for people purchasing a new home with one of Britain's leading housebuilders, Bovis Homes, as part of efforts to help stimulate the new-build market in a sustainable way and provide affordable mortgages for consumers with low deposits.

Number of mortgage products breaks 3,000 barrier

The number of mortgage products available on the market has broken through the 3,000 barrier for the first time since July 2009, when the market reached its lowest point following the financial crisis, according to analysis from moneysupermarket.com.

Tumbling mortgage rates are still no incentive to borrowers

Mortgage rates are being cut, lending criteria is steadily being loosened and product availability is improving. It appears to be a perfect platform to host a resurgence in a struggling mortgage market, but it looks as if there is still little incentive for borrowers to commit to a new deal.