RSS Feed

Mortgage News

Monmouthshire Building Society launches range of self build mortgages

Monmouthshire Building Society launches range of self build mortgages

Monmouthshire Building Society has launched an exciting new range of two year level discount self build mortgage products available throughout England and Wales.

Gross mortgage lending stable in May

Gross mortgage lending held steady in May and was an estimated £16.5 billion, according to the Council of Mortgage Lenders.

First-time buyers took out 6,600 more loans in April than a year ago

New CML data released on the profile of UK lending in April 2014, including first-time buyer, home mover, remortgagor and buy-to-let lending, shows:

The £3,000 North-South living divide

Households in the north of England pay £3,000 less per year on their household bills compared to those living in the south, according to recent analysis by MoneySuperMarket.com.

First time buyers need more Help to Buy

The average age UK house hunters estimate they will be able to take their first step onto the property ladder is 36 years old, according to research by MoneySuperMarket.

Post Office announces new mortgage range available through brokers

The Post Office will launch its highly competitive range of mortgages along with its financial services partner, Bank of Ireland UK, on Monday, 2nd June.

Gross mortgage lending continues to grow in April

Gross mortgage lending was an estimated £16.6 billion in April, according to the Council of Mortgage Lenders. This is 8% higher than March’s gross lending total and 36% higher than April last year (£12.2 billion) and the highest total for an April since 2008 (£25.7 billion).

One in ten mortgagors at risk of being trapped in 'unaffordable' borrowing

One in ten of today’s mortgagors risk being imprisoned by borrowing deals which are likely to make their repayments unaffordable as interest rates rise over the next four years according to new research from independent think tank the Resolution Foundation.

Nationwide re-prices mortgage range to help first time buyers

Nationwide Building Society has re-priced its mortgage range, reducing rates by up to 0.20% at 80, 85 and 90 per cent Loan to Value (LTV) and increasing rates by 0.10% at 70 per cent LTV.

Mortgage arrears down in first quarter of 2014

Both the number and the proportion of mortgages in arrears fell during the first quarter of 2014, according to new figures from the Council of Mortgage Lenders.

Skipton launches new mortgage range

Skipton Building Society is launching a replacement residential mortgage range, including several attractive new fixed and discounted rate products.

Leeds launches unique 0% deals and only 10 year HTB mortgage

Unique Help to Buy (HTB) mortgages with an introductory 0% rate and fixed terms up to 10 years are being launched by Leeds Building Society in partnership with Barratt Developments.

Online mortgage applications set to double

Nearly one in six homeowners applied for their current mortgage online (16%) and this is set to double, with 33% saying they are likely to apply for their next mortgage online, according to latest research from HSBC.

Post Office to widen mortgage distribution

The Post Office in partnership with Bank of Ireland UK, its financial services partner, has today announced its intention to widen distribution through the Legal & General Mortgage Club.

Countdown to new mortgage lending rules

In two weeks the way people in the UK get a mortgage will change. New rules from the Financial Conduct Authority (FCA), which come into force on 26 April 2014, will make sure a common sense approach is taken for every lending decision.