Mortgages
Mortgage rate wars hotting up
Commenting on The Woolwich's decision to lower mortgage rates, Hannah-Mercedes Skenfield, mortgage spokesperson at moneysupermarket.com, said; "It is exciting to see yet another round of rate reductions from Woolwich, this time on their fixed rates, however the really good news is that borrowers with higher LTV requirements (up to 80 per cent) are also set to benefit.
September mortgage lending rises
Gross mortgage lending totalled an estimated £12.5 billion in September, a 2% rise from the £12.3 billion in August but down 27% from September 2008, according to new data from the Council of Mortgage Lenders.
Costs of buy-to-let regulation must not be passed on to landlords
The National Landlords Association (NLA), the UK's leading representative body for private-residential landlords, has expressed concern that the regulation of buy-to-let will mean increases in the costs of borrowing for landlords.
Post Office rolls out new extended mortgage range
The Post Office is rolling out a new expanded mortgage range, with information available at all UK Post Office branches, as the next step in the development of its highly successful financial services range.
L&G exclusive stepped tracker and fixed rate mortgages
Legal & General Mortgage Club has launched two exclusive mortgage products, provided by Accord Mortgages. They are a 3 year reverse stepped tracker and a 2 year fixed rate, both available for house purchase and remortgage.
FSA sets out major reforms for mortgage market
The Financial Services Authority (FSA) has set out proposals for the major reforms required in the UK mortgage market to ensure that it works better for consumers and is sustainable for all market participants.
Legal & General Mortgage Club offers equity release
Legal & General Mortgage Club has linked up with Key Retirement Solutions (KRS) to offer an equity release referral service.
Nationwide to help home buyers get moving
Nationwide Building Society is, from Friday 16 October 2009, launching a number of initiatives, and rate cuts of up to 0.84%, which could make it easier for homebuyers to either get on the housing ladder for the first time or purchase their next property.
CML says goals must be clear for regulatory reform
In publishing its submission to the Financial Services Authority (FSA) on the future of mortgage regulation, the CML says that lenders recognise the need for change emerging from the FSA's ongoing review.
The demise of the self-certification mortgage
The Financial Services Authority's mortgage market review is due out next week and expectations are that the City regulator will bring new self-certification mortgages to a final end.
first direct remortgage fee free offset trackers
first direct's two new fee free offset trackers launched today, are the best of their type in the market according to Moneyfacts.
Demand for high LTV mortgages outstrips supply
Analysis from moneysupermarket.com reveals that over a third of potential mortgage borrowers are looking for products available at or above 80 per cent loan to value (LTV).
moneysupermarket.com: CML August mortgage figures
Commenting on the Council of Mortgage Lender's (CML) lending figures for August, Hannah-Mercedes Skenfield, mortgages channel manager at moneysupermarket.com, said; "Data from traffic on moneysupermarket.com backs up the CML's figures, showing, for the first time this year,
Two speed mortgage market in August
The mortgage market is on two speed settings, as house purchase lending continues to recover but remortgaging continues to decline, according to the latest data released by the Council of Mortgage Lenders.
Coventry reduces rates on Residential and Buy to Let mortgages
Coventry Building Society is reducing rates and increasing LTV's on its range of Residential and Buy to Let fixed rate mortgages.