Mortgage News
Paradigm Mortgage Services links with London & European
Paradigm Mortgage Services, the mortgage partnership proposition, has announced the addition of London & European to its conveyancing panel.
60 is the magic number for homeowners
A loan-to-value (LTV) of 60% is the magic number if you want to access most of the products on the market, according to a study by Fool.co.uk. If you only need to borrow less than 60% of the value of a property, you can choose from as many as 4,588 different products.
Hope for borrowers as lenders start a rate war
In the past two weeks, nine of the UK's main 12 main mortgage lenders have reduced their two or three-year fixed rates, according to research from price comparison site moneysupermarket.com.
Standard Life Bank announces mortgage rate cuts
Standard Life Bank has announced rate cuts across several of its Freestyle flexible mortgage product ranges.
Legal & General launches exclusive 2 year fixed rates with Accord
On 5 September, Legal & General Mortgage Club will be launching two exclusive two-year fixed rates, provided by Accord Mortgages.
Accord Mortgages cuts prime rates by up to 70bps
Accord Mortgages has been quick to take advantage of falling swap rates by cutting rates across the full Prime range by up to 70bps.
It’s only a matter of time before the cuts are deep
"After The Chancellor's frank comments at the weekend that Britain is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long-lasting" than people had expected, it is probable that the MPC discussed very seriously whether Bank Rate should be cut as early as today.
Rate cuts are off the agenda
The Bank of England left interest rates unchanged today. The decision is not unexpected given that the twin threat of a slowdown in the UK economy and rising inflation has left the Central Bank with little room to manoeuvre.
Skipton's boast of supporting first time buyers
Commenting on Skipton's boast of supporting first time buyers by offering a 95 per cent mortgage from 15 September, Louise Cuming, head of mortgages at moneysupermarket.com, said: "At first glance, a lender dipping its toes back into this arena is good news. However the promise of 95 per cent lending is not all it seems.
Abbey makes further reductions to mortgage rates
From Friday, (5 September) Abbey is reducing the rate on its two, three and five year fixed rate mortgages by up to 0.30 per cent.
Yorkshire announces further summer fee-free re-mortgage deals
There is further good news for homeowners with the extension of Yorkshire Bank's summer mortgage offer.
Skipton returns to FTB market with 95% LTV deal
Skipton Building Society is going against the market trend and increasing its Loan to Value to 95% under a new scheme to help first-time buyers called "Mutually Exclusive".
Homeowners urged to shop around for mortgage deals
The crisis of confidence in the economic climate has left homeowners confused and concerned about switching lenders when they remortgage, according to new research from Cheltenham & Gloucester.
Good news for mortgage borrowers
Michelle Slade, analyst at Moneyfacts.co.uk, comments: “Average two-year fixed rate peaked at 7.08% at the beginning of July, since then numerous lenders have passed on cuts to their mortgage ranges.
New valuation process to reinforce confidence in new-build market
The Council of Mortgage Lenders is introducing new measures to help ensure that conveyancing and valuation processes capture the true value of newly-built properties.