Mortgage News
The Co-operative cuts mortgage rates by up to 0.55%
The Co-operative Financial Services has reduced its mortgage rates by up to 0.55 per cent. Available from Wednesday 10 February, the new range offers market-leading rates for customers of both Britannia and The Co-operative Bank.
Sat on a SVR mortgage - is it time to remortgage?
With a number of building societies increasing their standard variable rates (SVR) on mortgages, many borrowers who are sat on SVR deals are now considering whether now is the right time to remortgage.
Top tips for first time buyers
Buying a home is one of the biggest financial commitments you can ever undertake. But for many, the property slump has resulted in dreams of owning their own home slipping out of sight.
Platform reduces mainstream mortgage rates
Platform, the intermediary mortgage specialist of The Co-operative Bank, has reduced rates in its range on fixed and tracker deals.
Santander launches new fixed and tracker mortgage deals
From Wednesday (3 February), Santander is launching two new 70 per cent LTV mortgages, a 2-year tracker and a 2-year fix, available at Santander and Alliance & Leicester branches.
Is 2010 the year of the home buyer?
Research from Unbiased.co.uk shows that 2010 could be the year of the home buyer. Consumers no longer expect house prices to fall as only 3% are holding off buying a property until prices have fallen.
Gross lending up 15% at building societies
Gross mortgage lending by building societies was £1.8 billion in December, compared to £1.6 billion in November, an increase of 15%. Gross lending for 2009 totalled £18.6 billion compared to £37.5 billion in 2008.
Mortgage brokers back in from the cold
Prior to the banking crisis, mortgage deals offered through brokers were not that different and in some instances more competitive than those offered through branches.
Further protections for sale and rent back customers
The Financial Services Authority (FSA) has published new rules and guidance which put in place a strong framework of consumer protection for vulnerable consumers in the sale and rent back (SRB) market.
Santander cuts tracker mortgage rates
From Friday (29 January), two tracker mortgages available from Santander and Alliance & Leicester branches will be reduced.
Aviva launches equity release DVD for customers
Aviva - one of the UK's leading providers of retirement solutions - has reaffirmed its commitment to the equity release market with the launch of a new customer DVD information pack.
Mortgages become 20% more affordable
Homeowners in England and Wales saw a 20 per cent drop in the proportion of their take-home pay spent on monthly mortgage repayments in 2009, according to the latest mortgage affordability research released by Woolwich, the mortgage arm of Barclays.
Platform joins Association of Mortgage Intermediaries
The Association of Mortgage Intermediaries (AMI) announced that Platform has joined as an affiliate member.
Average mortgage rates falling across the board
‘Cash is King' has been the rule for some time for those buying a property, but new analysis from moneysupermarket.com (LSE: MONY) has shown that providers are beginning to loosen the purse strings with more products now available to mortgage borrowers with lower deposits or equity in their properties.
Mortgage lending strengthened slightly in December
Mortgage lending strengthened slightly in December, with gross lending inflated by some borrowers pushing through purchases ahead of the end of stamp duty relief, according to the British Bankers’ Association (BBA).