Mortgage News
Homebuyers place their trust with mortgage intermediaries
IMLA, the specialist trade body representing the interests of lenders who market their products through brokers, welcomes new evidence which shows the intermediary sector continues to dominate the UK mortgage lending market, responsible for introducing nearly two thirds of all mortgages.
Intermediaries given chance to score with new mortgage
With the globe's greatest football tournament kicking off in South Africa next month, Platform have launched a new mortgage fixed until the next World Cup begins in 2014.
Public perception of the mortgage market lags behind reality
Brits' perceptions of the mortgage market are still lagging behind reality, according to new research from unbiased.co.uk, the professional advice website, as many believe they are unable to get a suitable mortgage due to lenders keeping a tight hold on lending criteria.
March sees continued growth in house purchase activity
House purchase lending increased by 45% year on year in March, making it the ninth consecutive month of year-on-year growth, according to figures by the Council of Mortgage Lenders.
Santander cuts mortgage rates and launches new deals
From today (Thursday 13 May), Santander will reduce 2-year fixed rate mortgages by up to 0.14 per cent across its main range as well as for homebuyer and remortgage offers, further enhancing its market leading offering for borrowers looking for a value-for money deal.
Mortgage repossessions fall but vulnerability remains
The number of mortgages in arrears and the number of repossessions both fell in the first quarter of 2010, according to the Council of Mortgage Lenders.
Mortgage market relaxation great news for borrowers
The number of mortgages available at 85 per cent LTV is at its highest since October 2008 and the number of mortgages available at 90 per cent LTV is at its highest since December 2008, according to analysis by moneysupermarket.com.
Three minute check to cheaper mortgage payments
Yorkshire Building Society is calling on all mortgage borrowers to take its Three Minute Mortgage Check to see if they could save money on their monthly mortgage payments.
Post Office offers 90% LTV mortgage deals
From tomorrow (13 May) borrowers with only a ten per cent deposit will be able to get a mortgage with the Post Office through a range of new 90% LTV deals, including two market leading rates for the two year and five year fixed rate products.
Mortgage borrowers prefer trackers to fixed
The proportion of mortgage borrowers opting for a tracker mortgage has overtaken fixed-rate deals for the first time in a year, suggesting the borrowers believe interest rates will remain low for some time.
Independent advice key to finding the right mortgage
The recent global banking crisis has damaged borrowers' confidence in their ability to get the right mortgage for their needs, but they still have faith in the power of independent financial advice, according to research carried out on behalf of Kensington.
Quarter of available mortgages restricted to existing customers
While the number of mortgage products available has increased to 2,948 from only 1,686 in July 2009, over a quarter of the mortgages available today are restricted to the lender's existing customers, according to research from Defaqto.
Clydesdale and Yorkshire offer discount on mortgage fees
Clydesdale and Yorkshire Banks have launched two new discounts; 50% off mortgage rates fees and contents insurance to complement their new range of mortgages.
New shared ownership mortgage deals from Leeds BS
Leeds Building Society has launched two shared ownership mortgage products, which have been specifically designed to help first time buyers (FTBs) onto the housing ladder, and are available up to 95% of the borrowers share.
Mortgage deal shelf life increases
The average shelf life of a current mortgage deal now stands at 30 working days, the longest since August 2007, when the market was heavily subscribed with 9,549 products.