Mortgage News
Britannia and The Co-operative Bank launch best buy mortgage
Following the recent launch of the market-leading two year fixed rate range, Britannia and The Co-operative Bank are again launching new best buy mortgages this week (19 March), with the arrival of a new market-leading 3-year tracker and an innovative 5-year capped rate mortgage.
Lloyds encourages mortgage overpayments
From today, 13th March, Lloyds Banking Group, UK mortgage lender, will launch a new scheme that will allow all customers with a variable rate mortgage to overpay their mortgages by up to 20% with no financial penalty.
Mortgage lending slumps in January
House purchase loans fell by more than three times the decline in remortgages in January, according to data released today by the Council of Mortgage Lenders.
Recent mortgage moves leave borrowers with a gamble to make
Commenting on the launch of HSBC's 1.99 per cent discount mortgage deal and Santander's mortgage rate cuts, Hannah-Mercedes Skenfield, mortgages channel manager at moneysupermarket.com, said; "Any cuts in rates and fees is good news for mortgage borrowers, and its great to see Santander and HSBC leading the charge by announcing changes and additions to their mortgage offerings.
Remortgage activity begins to recover
The main stories from the John Charcol Index for the first two months of 2010 are the beginning of a revival in the remortgage market and the stabilization of fixed rate take up, but at the very low level of around 20%.
Critical illness sales hold up despite plummeting mortgages
Defaqto's new guide to critical illness reports that despite declining mortgage sales, critical illness sales have not suffered as much as expected.
The Mortgage Works Guarantor products
From Tuesday 9 March 2010, The Mortgage Works (TMW) is launching a new range of Guarantor mortgage products.
Northern Rock reduces selected mortgage rates
Northern Rock has reduced some of its mortgage product rates with effect from 03 March 2010.
Coventry cuts its residential remortgage rates
Coventry Building Society is reducing rates on its range of Residential Remortgage products and launching a unique fixed rate deal, offering unlimited overpayments without penalty.
Are interest rates on the way up?
It's a tricky task to predict the exact point, or even a close estimate, of when rates may rise. However, with the current base rate at 0.50%, it is fair to assume the future for rates can only be up.
Over 3 million borrowers don't know their mortgage rate
Despite the Bank of England base rate being at an all time low, at least three million UK borrowers (28 per cent) do not know the rate of interest at which they are currently repaying their mortgage, according to Post Office Mortgages.
Have your mortgage paid for a year!
Santander Home Insurance UK is offering homeowners the chance to have their mortgage paid for them for a whole year.
Mortgage boost for first time buyers
First time buyers in Wigan looking to get a foot on the property ladder can now secure a new house of their own at Holme Park with just a 5% deposit*, by combining a helping hand from Bryant Homes North West with a new mortgage offer announced by Santander (formerly Abbey).
Citizens Advice Bureaux helps record numbers with debt problems
The continuing impact of the recession is driving record numbers of people to seek help from Citizens Advice Bureaux with debt, benefit, employment and housing problems.
Scottish mortgage market recovering - but slower than UK as whole
House purchase activity in Scotland continued to pick up in the final three months of 2009, according to new data released by the Council of Mortgage Lenders.