Mortgages
Legal & General agrees trading partnership with Mortgage Times
TMTG currently has its own mortgage network, called ‘Vision Network', and a mortgage club. Vision consists of 750 appointed representatives (ARs) and has 3,000 members registered to use its mortgage club.
Negative equity predicted to hit 5 million homeowners in 2009
Five million UK homeowners will have fallen into negative equity by the end of 2009, according to research house GfK NOP, with 700,000 of those at risk already heavy debt holders.
Nationwide announces new mortgage deals
Nationwide Building Society has announced that, with effect from 1 March, it will introduce the following new mortgage products:
Yorkshire Building Society reduces mortgage costs
Yorkshire Building Society will reduce the costs of its 60% and 75% loan to value (LTV) mortgage range on Friday 27th February 2009.
First time buyers offered little incentive to join property ladder
Fixed rate mortgages equate to three quarters of the deals on offer to first time buyers, but with rates as much as seven times base rate, there is little incentive for new borrowers to get on the first rung of the ladder.
Abbey cuts rates again
On Friday 27 February, Abbey is introducing two new no fee products. Both are 3-year fixes without any fee and have either the Remortgage Solution which includes free valuation and free legals or the Homebuyer Solution which includes free valuation and £250 cashback on completion.
Mortgage applications up 40% at Clydesdale and Yorkshire Banks
Clydesdale and Yorkshire Banks have seen a significant rise in the number of mortgage applications it has received recently.
Britannia slashes fixed rate mortgages
Britannia has reduced its two, three and five-year fixed-rate mortgages by up to 95 basis points. Available from Friday 27 February, the highlight of the new range is a market-leading five-year fix with a rate of just 4.24% up to 60% LTV, and an arrangement fee of £999.
50% increase in mortgage customers making overpayments
New figures released by The Co-operative Bank Mortgages show that the number of mortgage customers making overpayments has increased by 50% in the last year alone.
Don’t neglect the non prime market says IMLA
Following Gordon Brown's suggestion to ban 100% LTV mortgages and the announcement that Northern Rock and Lloyds are to extend their lending to individuals this year as a result of government support, Peter Williams, IMLA executive director, said:
New Star: How bad is Northern Rock's mortgage book?
New Star's economist Simon Ward asks "How bad is Northern Rock's mortgage book?": On the face of it, Northern Rock is suffering significantly higher delinquencies on its mortgage lending than the industry average.
AMI welcomes Northern Rock's return to lending
The Association of Mortgage Intermediaries (AMI) has today welcomed the news that Northern Rock is to increase its mortgage lending, with up to £14bn in new loans by 2011.
Lenders holding back innovative products, says Email Mortgages
Email Mortgages the new mortgage advisory practice providing customers with tailored fee-free advice online via email, has today (23rd February 2009) urged lenders to launch some of their more innovative products to aid potential homeowners and home-movers.
L&G launches 5 year fixed rate with Chelsea Building Society
Legal & General Mortgage Club has launched an exclusive five-year fixed rate mortgage at 4.29%, provided by Chelsea Building Society.The maximum loan-to-value is 65% and the arrangement fee is £995.
HSBC introduces new long term fixed rate mortgages
As of tomorrow Tuesday 24 February, HSBC is following up its market leading 2.99 per cent two year fixed rate mortgage, with the introduction of two new longer term fixed mortgages: a five year deal at 3.99 per cent and a ten year loan at 4.98 per cent.