Mortgage News

RBS & NatWest announce more cuts to mortgage rates

RBS and NatWest announce they are to cut mortgage rates again, with cuts up to 0.35% - with the prices on the majority of new fixed and tracker mortgages lowered by at least 0.10%. These deals are available through RBS and NatWest branches and via RBS and NatWest Mortgages Direct.

Halifax makes further reductions to mortgage rates

Halifax, UK mortgage lender, has made a number of reductions to its mortgage rates. This is the 14th set of rate reductions to the Halifax range so far this year.

Woolwich cuts fixed mortgage rates again

Woolwich, the lending arm of Barclays, is cutting the cost of fixed rate mortgages by as much as 0.28 percentage points as SWAP rates continue to reduce the cost of funding mortgages.

Abbey launches new low fee range of mortgages

On Monday 1 September, Abbey is introducing a new range of deals with a £499 fee. The low fee deals are available to customers borrowing up to £250,000 and up to 60 per cent loan to value.

Borrowers' confidence returns as mortgage rates fall

For large parts of 2008 borrowers coming to the end of 2 and 3 year mortgage deals have been increasingly staying on their lender's standard variable rate (SVR) because the new fixed and tracker rate options were proving too expensive.

Sub-prime conundrum

Darren Cook, mortgage expert at Moneyfacts.co.uk, comments: "Up until July last year the sub-prime market was a growing sector offering 8,148 sub-prime residential mortgage products compared with just 1,252 today.

LV= Links up with intrinsic to promote flexible lifetime mortgage

Retirement specialist LV= has announced a new partnership with distribution network Intrinsic Financial Services to promote its recently launched equity release product - Flexible Lifetime Mortgage.

Equity release could make up for pathetic pensions

As the UK elderly live longer, disappointing pensions are becoming a real issue, which could explain a recent surge in the number of equity release schemes taken out.

Retired homeowners still have equity in their homes

Despite falling house prices, homeowners aged 65 and over still have £726.43 billion of equity in their homes, according to research from Prudential's Equity Release Index.

Alliance & Leicester cuts mortgage rates

Alliance & Leicester's Mortgage deals have been re-priced and rates are being reduced on all bar one of its mortgage products, which remains unchanged.

Mortgagees finding ‘spare cash' for overpayments

Despite the soaring cost of living and escalating household bills, more than one in ten mortgage holders (12 per cent) are planning to make an overpayment on their mortgage over the next six months according to new research from Abbey Mortgages.

Charity doesn't begin at home

Paying off your mortgage, saving and passing on an inheritance has been the objective of many of today's over 50s. However research published by Saga Equity Release shows that 90% of children do not expect an inheritance and 72% are happy for their parents to use the equity from their home to enjoy their retirement...within reason.