Mortgages
CML: Bank of England March lending data
Net mortgage lending was mildly positive at £84 million in the first quarter of this year, according to today's Bank of England lending statistics.
KRS express concern at increase in average equity release loan
Key Retirement Solutions today react to the SHIP quarter 1 figures for 2009 which reveal an increase in the average equity release loan size over the same period of 2008.
Building society mortgage approvals rise
Mortgage approvals by building societies in March were £1,542 million compared to £742 million in February.
Abbey launches the lowest fixed rates in 10 years
The number of homeowners who believe that the base rate has fallen as low as it will go has more than doubled over the past two months showing now is definitely the time for borrowers to fix in and guarantee certainty of their monthly payment, especially if they are looking for a longer term fix, according to research from Abbey Mortgages.
Headline mortgage rates aren't always best buy
With house purchase lending edging up, Yorkshire Building Society urges consumers to look at the true cost of a mortgage, rather than a headline-grabbing rate.
YBS launches capped tracker with reduced fees and cashback
Yorkshire Building Society has launched a new two-year tracker product with an interest rate of 3.19% (BoE + 2.69%) capped at 5.49%.
RICS: March mortgage approval data
Commenting on the British Bankers Association mortgage approval data, Simon Rubinsohn RICS Chief economist said: "Data released from the British Bankers Association show that the number of mortgage approvals for house purchase slipped back in March following three successive monthly increases.
Mortgage approvals weakened in March
All measures of the banks’ mortgage lending in March were marginally weaker than in February, according to the British Bankers Association (BBA). Overall consumer credit was little changed and personal deposits remained weak. Lending to non-financial companies fell by about £1.0 billion, largely reflecting the unwinding of takeover finance.
The Co-operative Bank sees 50% fall in repossessions
Against a backdrop of the mortgage industry prediction of 75,000 repossessions this year, new figures from The Co-operative Bank Mortgages show that despite the current economic climate, the number of repossessions at The Co-operative Bank has actually halved over the past 12 months.
The Co-operative introduces changes to mortgage range
The Co-operative Bank is pleased to confirm positive changes for the 3 Year Discount Mortgage and the re-launch of the 3 Year Fixed Rate Guarantor Mortgage.
Alliance & Leicester launches best-buy 2-year tracker
On Friday 24 April, Alliance & Leicester is launching a best-buy 2-year tracker at Base Rate plus 2.45 per cent (currently 2.95 per cent) with a £499 fee and 75 per cent Loan-to-Value (LTV). The new product is available to homebuyers and remortgagers borrowing up to £250,000.
The budget a step forward for first time buyers
The Co-operative Bank welcomes the budget announcement by the Government to help support first time buyers getting on the property ladder.
Budget support for house buyers not enough
The Association of Mortgage Intermediaries (AMI) has responded to today's Budget statement from the Chancellor of the Exchequer.
Leeds launches new 5 and 10-year fixed rate mortgages
Leeds Building Society has launched a range of highly competitive 5 and 10-year fixed rate mortgages available from only 4.99%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year, without penalty.
March mortgage lending rises
Gross mortgage lending was an estimated £11.5 billion in March, a 16% rise from £9.9 billion in February but a 52% decline from £24.2 billion in March 2008, according to new data from the Council of Mortgage Lenders.