Mortgages
Legal & General welcomes back Kensington
Legal & General Mortgage Club will now be distributing prime mortgages from Kensington Mortgage Company as it returns to the intermediary market.
Clydesdale Bank Best Mortgage Lender in Scotland
Clydesdale Bank has been named "Best Mortgage Lender in Scotland" for the sixth year running at the prestigious Your Mortgage Awards.
Yorkshire Bank named Best Regional Lender
Yorkshire Bank has been named "Best Regional Mortgage Lender" by Your Mortgage magazine for the eleventh time.
Paragon Mortgages on strong financial footing
The Paragon Group of Companies, Paragon Mortgages' parent company, has announced its preliminary results for the year ending 30 September 2009.
Direct Line offers £15k free accidental death cover for one year
Life insurance is often seen as an afterthought - just one more bill to pay - but it's vital to make sure your loved ones will be covered financially if you are not around.
Prudential withdraw from the equity release market
Andrea Rozario - Director General of SHIP - the equity release industry body - responds to Prudential's withdrawal from the equity release market: "We are naturally disappointed that Prudential has decided to withdraw from the equity release market.
Understanding offset mortgages with first direct
Forty per cent of homeowners don't understand the basic idea of an offset mortgage and a further 35% only roughly know how they work, according to a survey commissioned by first direct.
RICS: October mortgage approvals
Commenting on the BBA mortgage approval figures, Simon Rubinsohn, RICS chief economist, said: "Data released this morning by the British Bankers' Association shows the level of mortgage lending continuing to edge higher, albeit in a very gradual way.
Mortgage approvals increased in October
New mortgage lending and house purchase approvals increased slightly as mortgage lending continued to grow from the low levels at the end of 2008, according to the British Bankers’ Association (BBA).
Borrowers warned over SVR complacency
Standard Variable Rate (SVR) mortgage deals are now charging on average, 4.7 per cent interest; a reduction of just 0.98 per cent in twelve months compared to a 2.5 per cent fall in Base Rate over the same period, according to analysis from moneysupermarket.com.
Average two year fixed rate falls to lowest since June
The average two year fixed has fallen to 4.99%, the first time it has been below 5.00% since 23 June 2009, according to Moneyfacts.co.uk.
Gross mortgage lending up 5% in October
October gross mortgage lending was an estimated £13.5 billion, a 5% rise from £12.9 billion in September but down 27% on £18.5 billion in October 2008, according to the Council of Mortgage Lenders.
Santander launches ZERO Current Account
Santander has outlined the first of a series of initiatives aimed at radically changing retail banking in the UK, giving existing customers the chance to benefit from its success in becoming the most efficient bank in the UK.
1 in 4 borrowers chose a fixed rate in October
The popularity of fixed rate mortgages continued to rapidly decline in October, with their share of the market falling to just over a quarter, at 26.3%.
New Abbey 2 year fixed rate at 3.69 per cent
From today, borrowers will be able to benefit from even lower mortgage rates as Abbey adds another best-buy deal to its already competitive mortgage range.