Mortgage News

Mortgage brokers confident about business

Mortgage brokers expect to conduct 6.7% more business in the second quarter of 2010 than they did in the first, displaying further signs of returning confidence in the sector.

Mortgages with flexible benefits important to customers

Customers value a degree of flexibility on their mortgage, according to research by Lloyds TSB. Just over two thirds (68%) of those surveyed highlighted flexibility as a key ‘important' feature, with 40% of respondents underlining flexibility as ‘very important', and 31% stating that this flexibility had become even more important within the last year.

Steady growth in direct only mortgages

Independent financial research company Defaqto has launched a new banking report which highlights the growth in direct only mortgage products.

Britannia and The Co-op offer 90% LTV mortgages

Britannia and The Co-operative Bank are giving first time buyers and those looking for a new home a huge helping hand with the introduction of a package of measures to help support them in buying a new property.

Britain's wasted mortgage years

Over two thirds (63%) of borrowers on a tracker mortgage are not taking advantage of the low interest rates to overpay on their mortgage, according to research by unbiased.co.uk. This has risen from just over half (53%) of borrowers in May 2009.

Mortgage rates at lowest level in a year

When bank base rate dropped to 0.50% last year the mortgage market entered unchartered waters. Initial reductions in mortgage rates were soon wiped out as lenders took an increasing margin for risk.

Variable rates continue to dominate mortgage landscape

The latest John Charcol Mortgage Index reveals that 84% of borrowers took a variable rate mortgage in March 2010, the highest figure since October 2008. The index also revealed that just 7% of mortgages arranged were for first time buyers.

Equity release market remains robust

SHIP, the equity release provider trade body, today announced equity release market figures for the first quarter of 2010. Initial data for the start of the year taken from all of the members indicates that while the market is suffering some effects from the loss of providers, demand is strong and activity remains buoyant.

moneysupermarket.com – HSBC Split Loan Mortgage

Commenting on the launch of HSBC's Split Loan Mortgage, Hannah-Mercedes Skenfield, mortgage channel manager at moneysupermarket.com, said: "Interest rates are at a record low and we know the next move will be upwards so many borrowers' gut instincts could be telling them that now is the time to fix -

More flexibility for borrowers with HSBC Split Loan Mortgage

Andrew Hagger of Moneynet.co.uk looks at the new split mortgage product being launched by HSBC on Monday 26 April.

HSBC Split Loan Mortgage

HSBC is to launch a Split Loan Mortgage which allows customers to fix a proportion of their mortgage, while the rest of the loan remains variable, tracking the Bank of England base rate for the life of the loan.

Lloyds TSB offers customers mortgage interest rate reduction

LloydsTSB has launched a new offering which gives its current account customers a 0.2% reduction on its mortgage interest rates. This is available to any LloydsTSB current account customers who deposit £1,000 or more each month and are taking out a new LloydsTSB mortgage.