Mortgage News

UK mortgage lending fell in January

Mortgage lending in January was relatively weak, showing a reaction to the inflated December market and the adverse weather conditions which impacted on activity, according to the British Bankers’ Association (BBA).

Mixed signals from UK housing

The UK market is presenting an increasingly complex picture so far in 2010, with gross mortgage lending at a 10 year low, according to the Council of Mortgage Lenders who represent the bulk of Building Societies.

Christmas spending prompts sharp rise in retail instalment credit

Store instalment credit rose sharply in December as savvy consumers looked to use credit sensibly to meet specific purchase needs.

Saturday 20th February marks this year's Debt Freedom Day

Saturday 20th February marks this year's Debt Freedom Day, according to new research by Unbiased.co.uk, the professional advice website.

The fixed rate mortgage comes of age

The fixed rate mortgage market has recently 'come of age' - it's been just over 21 years since the launch of the fixed rate mortgage.

Post Office expands mortgage range and cuts rates even further

For the second time in the last month the Post Office has cut the rates on its fixed and tracker mortgage products. The rate changes will take effect immediately and will coincide with the launch of a new range of 75% loan-to-value (LTV) mortgages.

Gross mortgage lending declined in January

Gross mortgage lending declined to an estimated £9.1 billion in January, a 32% fall from £13.4 billion in December and a 21% fall from £11.5 billion in January 2009, according to the Council of Mortgage Lenders.

Mortgage brokers predict business increase

Financial advisers expect mortgage business levels to increase in the first quarter of 2010 compared to the final quarter of last year, Paragon Mortgages' Financial Adviser Confidence Tracker (FACT) Index has revealed.

Two thirds of people aiming to be mortgage free by age 50

New research by The Co-operative Bank Mortgages reveals that almost two thirds of mortgage holders (62%) are aiming to be mortgage-free by the time they reach 50 years of age.

N&P launches new discounted variable mortgages

With immediate effect, N&P (Norwich & Peterborough Building Society) is launching a range of new 3 year discounted variable mortgage schemes. The new schemes will replace N&P's existing discount for term products.

The Mortgage Works launch new range of products

The Mortgage Works has launched a new range of mortgages, including Buy to Let products for Limited Companies, Houses in Multiple Occupation (HMO) and a range of Buy to Let tracker mortgages which allow customers to switch onto a fixed rate at any time without incurring Early Repayment Charges.

Mortgages to first-time buyers hits two-year high

The number of loans to first-time buyers hit a two-year high in December 2009, driven by a rush to buy properties in the £125,000 - £175,000 bracket before the year-end stamp duty concession expired, according to figures released by the Council of Mortgage Lenders.