Mortgage News

first direct offset lifetime tracker mortgage

Commenting on the new first direct offset lifetime tracker mortgage, Hannah-Mercedes Skenfield, mortgages channel manager at moneysupermarket.com, said:

The Co-op sees rise in mortgage overpayments

New internal data released from The Co-operative Bank Mortgages reveals a 56% year on year increase in the number of customers making mortgage overpayments.

Greater comfort and living life to the full drives equity release

Equity release is not just an option of last resort, shows research by Saga Personal Finance. People are withdrawing money from their homes so they can enjoy a better quality of life in retirement.

Yorkshire Building Society updates mortgage range

Yorkshire has re-entered the tracker mortgage market with a range of two year products available up to 85% loan to value and from 2.79% (BoE + 2.29%) with the flexibility of choosing capped or uncapped products.

RICS: Bank of England October mortgage approvals

Commenting on the Bank of England mortgage approvals, Simon Rubinsohn, RICS chief economist said: "The latest data from the Bank of England confirms that the volume of mortgage approvals edged up a little further in October.

Requests for sub-prime mortgage advice rises

People searching for whole of market advice on sub-prime mortgages have leaped, increasing from 3% in September to 7% in October, according to figures from Unbiased.co.uk.

Mortgage approvals and gross lending hold steady

The value of building society mortgage approvals in October was £1,511 million - broadly in line with the £1,565 million of approvals in September, according to the Buildings Societies Assocation (BSA).

Pre-Budget Report must increase competition in mortgage market

The Association of Mortgage Intermediaries (AMI) has outlined the legislative changes it wants to see in the forthcoming Pre-Budget Report (PBR).

Coventry reduces mortgage rates by up to 0.66%

Coventry Building Society is launching a new mortgage product range with rates lowered by up to 0.66%.

Not all holidays must come to an end

As the end to the stamp duty holiday looms, figures from moneysupermarket.com show the amount of house buyers looking to purchase a property under £175,000 has increased significantly in the last three months.

CML: Government proposals to extend mortgage regulation

The Council of Mortgage Lenders has a mixed response to the Treasury's proposals to extend the scope of FSA mortgage regulation to cover second-charge mortgages, buy-to-let mortgages, and the sale of mortgage books to third parties.

FLA: Treasury mortgage regulation review

Commenting on HM Treasury's Mortgage Regulation recommendations, Fiona Hoyle, Head of Consumer Finance at the Finance & Leasing Association, said: "Second-charge lenders are not opposed to a move to FSA regulation, but they have yet to be persuaded that there is a compelling case for change.