Mortgages
Leeds Building Society launches 3.79% mortgage
Leeds Building Society has launched a 1 year fixed rate mortgage at only 3.79% reverting to Bank Base Rate plus 2.50%, currently 3.50%, for a further two years.
Yorkshire Building Society launches new mortgage range
Yorkshire Building Society has launched a new range of mortgage products which start at just 3.99%.
PM's 25-year fixation leaves borrowers counting the cost
Borrowers swept up by Gordon Brown's constant championing of 25-year fixed mortgages may now be considering paying a charge of around £3,000 to get out of the mortgages - a sure sign the product was unsuitable in the first place.
RBS and NatWest announce change to SVR
Following the Bank of England's announcement to reduce base rate to 1.00%, NatWest and RBS have confirmed that its Standard Variable rate will be cut to 4.00% from 4.19%, effective 1 March 2009.
Nationwide passes on mortgage rate cut in full
Following the decision by the Monetary Policy Committee (MPC) to cut the Bank of England Base Rate, Nationwide Building Society today announces that it will decrease its Base Mortgage Rate (BMR) from 3.50% to 3.00% from 1 March 2009.
Landlords need to position themselves defensively
Keshav Thukaram, managing director of smartlandlord.co.uk, the property services website for landlords, commented on today's base rate cut: ‘Today's cut in base rates will come as some relief to those lucky landlords on tracker products facing the prospect of falling rents. However, most landlords on fixed rate deals and other products will not benefit in line.
HSBC lowers fixed rate mortgages
HSBC can confirm that the vast majority of its consumer mortgage and small to medium sized business customers will fully benefit from today's base rate cut of 0.50 per cent by the Monetary Policy Committee.
Halifax mortgage rate decision
Following today's decision by the Monetary Policy Committee to reduce the Bank of England Bank Rate by 0.50% to 1.00%, Halifax announces it will pass the full 0.50% reduction on to existing tracker mortgage customers from 1st March 2009. Halifax will also reduce its SVR from 4.50% to 4.00% at the same time.
Skipton reduces Standard Variable Rate
Following today's announcement by the Bank of England, Skipton Building Society will be reducing its SVR by the full amount of the rate cut within the next 30 days. This will see it reduce from 4.50% to 4.00%.
Mum and Dad have become the last lenders standing
Following the Bank of England Monetary Policy Committee's decision on interest rates, Peter Bolton King, Chief Executive of the NAEA, said: "Interest rates are becoming a distraction for consumers and business alike.
Lloyds TSB and C&G cut mortgage rate
Lloyds TSB and Cheltenham & Gloucester will pass on today's base rate cut to existing variable and tracker customers, following the decision by the Bank of England to cut base rate by 0.5 per cent.
Base rate and mortgage rates not singing from the same hymn sheet
Ben Thompson, Director, Mortgages at Legal & General comments on today's cut in the base rate: "The Bank of England is prescribing the wrong drugs in terms of the mortgage market and it is starting to make this market look more sickly.
Lloyds TSB launches 2012 3 year mortgage
Lloyds TSB, Official Partner of the London 2012 Olympic and Paralympic Games, this week announces the launch of its 2012 3 Year Mortgage.
L&C customers save £5.9m in broker fees
L&C Mortgages has calculated that its commitment to no fee, whole of market broking saved its customers at least £5.9m in broker fees in 2008.
Lloyds TSB and C&G pledge to pass on base rate cut
Lloyds TSB and Cheltenham & Gloucester will pass on any base rate cut to existing variable and tracker customers.