Mortgage News
L&G Mortgage Club adds Newcastle Building Society
Legal & General Mortgage Club has added Newcastle Building Society to its panel of lenders and will be launching a range of semi-exclusive mortgages, all with a maximum loan-to-value of 80%.
Homebuyer loans at highest for nearly two years
The number of loans for house purchase in the UK reached 55,000 in October, its highest level since December 2007, according to the Council of Mortgage Lenders.
Assetz: Mortgage lending at 22 month high
Stuart Law, Chief Executive of Assetz, comments on the CML mortgage lending figures released today: "It is encouraging to see that mortgage lending has now reached a 22-month high, taking us back to the levels achieved in December 2007.
Christmas comes early for fixed rate mortgage borrowers
Drew Wotherspoon, of John Charcol, the UK's leading independent mortgage adviser says, "The raft of fixed rate reductions being made across the mortgage market this week are undoubtedly going to be a welcome Christmas present for anyone who has been holding out for a fixed rate deal.
Big names slash mortgage rates
Mortgage lenders have continued to cut fixed rates, causing the average two year fixed mortgage rate to continue to tumble.
Yorkshire BS launches new first-time buyer mortgages
Yorkshire Building Society is launching two new first time buyer mortgages offering a 3 year fixed rate product at 5.84% and a 5 year fixed rate product at 5.99%. Both mortgages are available up to 85% loan to value (LTV) and have free valuation and legal fees, £500 cashback and there are no upfront fees.
Legal & General network launches new business system
Legal & General has rolled out its cutting edge, online new business system, OLP Connect, to its mortgage network, Legal & General Partnerships Services Limited (LGPSL).Linked to Launchpad, LGPSL's point-of-sale system
Newcastle Building Society supports stamp duty extension
Newcastle Building Society is urging the Government to extend the stamp duty holiday ahead of Alistair Darling’s last Pre-Budget report before the general election.
Glimmer of hope for first time buyers
First time buyers may be hit hard at the end of the stamp duty holiday in January, however there is some good news to be celebrated.
Accord cuts fixed rates in semi-exclusive range
Accord is further improving its range of semi-exclusive products with rate and fee cuts from today (Friday, 4 December).
Lenders target short term deals
Lenders have become accustomed to the post banking crisis world: indeed, the signs from the mortgage market indicate that credit conditions are easing and that lenders are more willing to lend.
Repossessions set to increase as households struggle to meet costs
With repossession figures expected to top the 50,000 mark in 2010, The Co-operative Insurance has committed to doubling its support to Shelter, the housing and homelessness charity, this Christmas.
Post Office to expand financial services offer
The Business Secretary Lord Mandelson today opened a public consultation on new financial products and services that could be offered by the Post Office.
Cheaper 85% mortgages boost first time buyers
Katie Tucker, Technical Manager at Mortgageforce comments: "85% deals bounced back in November. Without them, half of the first time buyers we helped would have been facing the high monthly payments of the sparse 90% deals, or simply would not have been able to get on the ladder.
The 10 million problem recession
Since the start of the recession (April 2008), Citizens Advice Bureaux across England and Wales have seen approaching 10 million problems presented by almost 3 million people.