Mortgage News
Santander launches its lowest ever remortgage 2 year fixed rate
Santander is launching its lowest ever two year fixed rate. Available exclusively to remortgagers, it offers a 1.84 per cent rate up to 60 per cent Loan-to-Value (LTV) with a £995 fee.
Leeds Building Society to change criteria to permit s106 lending
Leeds Building Society is changing its lending criteria to benefit borrowers whose properties are subject to Section 106 Agreements.
Gross mortgage lending up 5% month-on-month
The Council of Mortgage Lenders estimates that gross mortgage lending reached £19 billion in October.
Leeds launches new mortgages for the under-served Interest Only market
Leeds Building Society has unveiled new Interest Only two and five year fee assisted fixed rate deals available up to 50% loan to value (LTV) at rates of 2.49% and 3.19% respectively.
TSB’s Council Tax offer set to increase customers’ disposable income by 8.4%
With TSB paying a year’s worth of Council Tax for new mortgage customers, the average customer stands to receive an additional £27.84 of disposable income per week, an increase of 8.4% back in their pocket.
Half a million over 50s may have to sell their home to pay off their interest only mortgage
Retirement ought to be a time to enjoy the fruits of a long working life – but for some it means carrying a bitter burden of mortgage debt.
More mortgage choice for contractors with Leeds Building Society
A new range of mortgages for professional contractors is being launched by Leeds Building Society.
Pressure eases on MPC to raise rates but not all homeowners are able to relax
The chances of an imminent interest rate hike may have receded, but Halifax has found many borrowers remain concerned about the impact a rise could have on their monthly mortgage repayments over the next 12 months.
Gross mortgage lending steady in September
The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.8 billion in September.
Clydesdale and Yorkshire Banks launch range of new mortgages
Clydesdale and Yorkshire Banks have launched a new range of mortgages including a ‘pay your mortgage for a month’ offer, where cashback will be offered equivalent to one monthly mortgage payment, and no arrangement fees.
Online mortgage transfers a hit with Halifax mortgage customers
Having launched online mortgage Product Transfers in April this year, almost half (46%) of all Halifax mortgage Product Transfers are now being completed this way.
Nationwide reduces mortgage rates for those with small deposits
Nationwide is reducing mortgage rates for customers with small deposits using its Save to Buy scheme.
Halifax reduces rates and fees on a number of remortgage products
Halifax has announced it is cutting its remortgage rates by up to 0.50%, as well as reducing selected product fees.
Lloyds Bank reduces rates and fees across its mortgage range
Lloyds Bank has cut rates and fees on a wide range of its mortgages for first time buyers, homemovers and remortgage customers.
House purchase lending in August down 3% on July
New CML data on the characteristics of lending in August show that lending declined slightly compared to July, the first month-on-month drop in house purchase lending volume since February this year.