Mortgage News
Yorkshire Bank named Best Regional Lender
Yorkshire Bank has been named "Best Regional Mortgage Lender" by Your Mortgage magazine for the eleventh time.
Paragon Mortgages on strong financial footing
The Paragon Group of Companies, Paragon Mortgages' parent company, has announced its preliminary results for the year ending 30 September 2009.
Direct Line offers £15k free accidental death cover for one year
Life insurance is often seen as an afterthought - just one more bill to pay - but it's vital to make sure your loved ones will be covered financially if you are not around.
Prudential withdraw from the equity release market
Andrea Rozario - Director General of SHIP - the equity release industry body - responds to Prudential's withdrawal from the equity release market: "We are naturally disappointed that Prudential has decided to withdraw from the equity release market.
RICS: October mortgage approvals
Commenting on the BBA mortgage approval figures, Simon Rubinsohn, RICS chief economist, said: "Data released this morning by the British Bankers' Association shows the level of mortgage lending continuing to edge higher, albeit in a very gradual way.
Mortgage approvals increased in October
New mortgage lending and house purchase approvals increased slightly as mortgage lending continued to grow from the low levels at the end of 2008, according to the British Bankers’ Association (BBA).
Borrowers warned over SVR complacency
Standard Variable Rate (SVR) mortgage deals are now charging on average, 4.7 per cent interest; a reduction of just 0.98 per cent in twelve months compared to a 2.5 per cent fall in Base Rate over the same period, according to analysis from moneysupermarket.com.
Gross mortgage lending up 5% in October
October gross mortgage lending was an estimated £13.5 billion, a 5% rise from £12.9 billion in September but down 27% on £18.5 billion in October 2008, according to the Council of Mortgage Lenders.
Santander launches ZERO Current Account
Santander has outlined the first of a series of initiatives aimed at radically changing retail banking in the UK, giving existing customers the chance to benefit from its success in becoming the most efficient bank in the UK.
Legal & General makes life cover more flexible
Legal & General, UK individual term provider, has improved its Mortgage Decreasing Term Assurance (MDTA) product to offer a range of different interest rates on which the cover is based.
Platform revises mortgage rates
Platform has announced (16 November) revised rates on a number of mortgage products and has implemented changes to its mortgage proposition.
Mortgage rates need to fall further
In the last few weeks a number of lenders including Abbey, Halifax, Leeds BS, Nationwide BS, Northern Rock and Woolwich have made moves to cut mortgage rates, but rates are still a long way of the low reached earlier in the year.
CML cuts 2009 repossession forecast
The Council of Mortgage Lenders has cut its forecast for the number of repossessions this year to 48,000.
moneysupermarket.com: new mortgage deals
Commenting on recent new mortgage deals, Hannah-Mercedes Skenfield, mortgage spokesperson at moneysupermarket.com, said; "There has been some encouraging news for mortgage borrowers, with lenders continuing to enter the market with new and competitive products.
Woolwich further strengthens mortgage range
Woolwich is to introduce a new 75% tier for the first time since the Autumn of 2008, giving competitive rates on its popular 2 year fixed and tracker range.