Mortgage News
Coventry reduces rates on Residential and Buy to Let mortgages
Coventry Building Society is reducing rates and increasing LTV's on its range of Residential and Buy to Let fixed rate mortgages.
Competition hotting up in mortgage market
Ray Boulger of leading UK mortgage broker John Charcol comments on the news that the Monetary Policy Committee has left Bank Rate and its Quantitative Easing (QE) programme unchanged for a further month.
FSA must ensure quick refunds for a million MPPI customers
As the Financial Services Authority (FSA) forces Mortgage Payment Protection Insurance (MPPI) providers to automatically refund 1 million customers and reinstate original levels of cover following unfair contract changes, Which? personal finance campaigner, Lucy Widenka, says:
Competitive mortgage market still far away
The past few days have seen a flurry of activity in the mortgage market, with some high profile lenders significantly reducing rates.
FSA and firms reach agreement on MPPI
The Financial Services Authority (FSA) and Mortgage Payment Protection Insurance (MPPI) firms have agreed an industry-wide package of measures for consumers, including refunds of around £60 million.
HSBC extends 1.99 per cent mortgage offer
HSBC's market leading 1.99 per cent two year discount mortgage will now be available until the end of October.
Volatile mortgage market begins to settle
The dust looks to have begun to settle on a volatile mortgage market, as the availability of a current mortgage deal lengthened from 18 to an average of 24 working days during September, the longest since October 2007.
New mortgage deals from Nationwide
Nationwide Building Society cuts fixed and tracker rates on selected products, with effect from Friday 2 October 2009.
Abbey launches no upfront costs mortgages
Abbey has launched a new range of Homebuyer Plus mortgages with free legals and valuation, saving customers as much as £1,650 in upfront costs.
Mortgage product regulation would hurt consumers
The Association of Mortgage Intermediaries (AMI) has cautioned the Financial Services Authority (FSA) against the introduction of mortgage product regulation.
Boost for first time buyers
Commenting on HSBC's announcement of further lending to first time buyers, Hannah-Mercedes Skenfield, mortgage spokesperson at moneysupermarket.com, said; "HSBC's commitment to further lending to first time buyers is an indication of its belief in this part of the market.
100% mortgage for shared-ownership property buyers
Nottinghamshire based mortgage lender, Mansfield Building Society, is offering a 100% mortgage to local first-time homeowners buying a shared ownership home through a shared ownership housing association.
HSBC injects £500m available for mortgage funding
Today HSBC is making an additional half a billion pounds of mortgage funding available to home buyers with deposits of just 10%.
Mortgage lending remains subdued
Gross lending by the 52 UK building societies in August 2009 was £1.5 billion, and building societies' approvals totalled £1.3 billion in August 2009.
BBA explains how mortgage costs are calculated
The economic indicators of the easy-credit era have less influence on the cost of high street mortgages today than they had in the past, the BBA explains in a factsheet.