Mortgages

Alliance & Leicester offers help for homebuyers

Alliance & Leicester Mortgages has launched a best-buy first time buyer only mortgage at 85 per cent LTV. The new deal, a 3-year fix at 5.99 per cent with no fee is for all first time buyers and includes the Homebuyer solution (a free valuation) and has a maximum loan size of £250,000.

No deposit, no chance

New figures from moneysupermarket.com reveal the extent of the disparity between supply and demand of mortgages at a high loan to value (LTV).

Legal & General: RICS' April housing survey

Ben Thompson, Mortgages Director at Legal & General asks if we are heading to the ‘trough' soon: "There is evidence that first-time buyers are increasingly interested in getting on the ladder, but this will not translate into actual sales whilst this group believes that prices have further to fall.

Coventry cuts rate on 5 year fixed mortgage

The Coventry has reduced the rate on its 5 year residential mortgage by 0.2% to 4.49%. The offer is highly competitive and includes a free valuation up to £640 and a free legal package for those wishing to remortgage.

Mortgage rates following base rate announcement

Richard Mason, Managing Director at Moneyextra.com shares his opinion on the mortgage rates of lenders following today's base rate announcement: "The Bank of England's base rate has been kept to a staggeringly-low 0.5 per cent for the second month running, indicating how serious the chief economists are about getting our economy back on track.

Month two of bank rate stability at 0.5%

"Today's decision by the MPC to leave Bank Rate unchanged for the second month running is likely to be the precursor for several more months of the same, with the committee's focus being switched from Bank Rate to how aggressively to implement the Quantitative Easing programme.

Confidence returning to the mortgage broker market

Signs of confidence returning to the mortgage intermediary market have emerged with brokers stating they expect to do more mortgage business for the first time in over a year, Paragon Mortgages research has shown.

Take your pick on a mortgage, if you have a 40% deposit

The number of new mortgages requiring a minimum of 40 per cent deposit has increased by 61 per cent in the last six months.

Lowest fixed rates in a decade

Millions of homeowners risk missing out on the best fixed rate deals by delaying tying into a new deal now.

Competition hots up in the mortgage market

"Two Swallows do not make a summer", said Louise Cuming, head of mortgages at moneysupermarket.com, "but it is very encouraging to see two lenders reducing the cost of borrowing and making those deals available at higher loan to values.

Banks squeeze hope out of landlords

New buy to let landlords face a difficult task finding a suitable mortgage. Research from price comparison website moneysupermarket.com shows that in just two years, the number of buy to let mortgages available has fallen from 4,384 to just 213 - a reduction of 95 per cent.

Woolwich cuts mortgage rates

For customers looking to fix their mortgage rate, the cuts mean they can sign up for two years at 3.69 per cent (a reduction of 0.40 percentage points for loans up to 70 per cent loan to value) and 4.99 per cent for loans up to 80 per cent loan to value (a reduction of 0.70 percentage points).