Mortgage News
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.
HSBC to use mortgage broker for the first time
HSBC is to offer its mortgages through a broker. This new service will provide residential mortgages for properties around the UK, and will be run in partnership with Countrywide Mortgage Services.
Over half of UK mortgage holders are unprepared for interest rates rise
UK mortgage holders are unprepared for potential increases in interest rates, new research from the Money Advice Service reveals. The study, of 3,007 UK mortgage holders, found that 56% have no contingency plans should interest rates rise.
Self-employed workers excluded from UK mortgage market
Almost a quarter of UK adults who have been self-employed for more than 12 months have been turned down for a mortgage, according to research from Kensington, the specialist lender.
Over a quarter of borrowers face financial difficulties when interest rates rise
Over a quarter of people with a mortgage (27%) say they will be in financial trouble when interest rates rise, according to new research by the Building Societies Association and the Money Advice Trust.
Nationwide resumes Help to Buy for home movers
Nationwide Building Society is resuming access for home movers looking to participate in the Government’s Help to Buy equity loan scheme from Wednesday, 24 September 2014.
Lloyds Bank reduces rates across its mortgage range
Lloyds Bank has cut rates on a wide range of mortgages for homemovers, first time buyers and remortgage customers.
Kensington launches new self-employed campaign
Specialist lender Kensington is helping brokers benefit from the growing self-employed population by investing in a major new campaign to educate entrepreneurs about the mortgage choices available to them.
Santander offers £500 off mortgage booking fees to existing current account holders
Santander is launching a new range of mortgages available to its existing current account holders which offers a £500 discount off the standard £995 booking fee.
House purchase lending up 33% in value in July
New CML data on the characteristics of lending in July show that the market remains driven primarily by lending for house purchase, rather than remortgage.
Skipton launches new discount mortgage range
Skipton Building Society is adding to its mortgage range by launching a new selection of residential 2 year discount products.
Major mortgage range revamp at Nationwide
Despite continued uncertainty around a potential Base Rate rise, Nationwide is ramping up its support for home movers and remortgage customers by reducing rates on some of its most popular mortgages.