RSS Feed

Mortgage News

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.

Nationwide reduces rates for loyalty rate mortgages initiative

Nationwide is reducing selected rates for existing Nationwide mortgage customers looking for a new deal.

Coventry launches residential mortgage range with highly competitive rates

Coventry Building Society launches new, highly competitive residential range including Fixed rate, Flexx for Term and Base Rate Tracker options.

Nationwide cuts fixed rate early redemption charges

Nationwide Building Society is to apply a reducing scale approach to all fixed rate mortgages taken out from Wednesday 8 October, where customers need to redeem their loan, or overpay by more than 10% of the initial balance per year, before the end of the fixed rate period.