Mortgages

Now risk reduced, will mortgage rates follow?

Mortgage lenders have so far failed to pass on the full impacts of base rate cuts into new mortgage deals, instead opting to pass on part of the cut and increase margins.

Bank of England knocking years off mortgages

The dramatic base rate falls over the past three months have cut monthly payments for millions of people on tracker and SVR mortgages.

Extension of mortgage rescue plan

Commenting on the extension of the mortgage recue plan, Louise Cuming, head of mortgages at moneysupermarket.com, said: "Any move to recognise the plight of borrowers who could potentially lose their home must be welcomed, but this move is more about spin than substance.

Legal & General launches exclusive remortgage 2 year fixed rate

Legal & General Mortgage Club has launched an exclusive two-year fixed rate for remortgage customers at 3.69% provided by Alliance & Leicester.

The Mortgage Alliance launches TMA packaging

The Mortgage Alliance (TMA) has announced the launch of TMA packaging through a strategic affiliation with The Mortgage Trading Company (TMTC).

Alliance & Leicester reduces rates on mortgages

Alliance & Leicester has reduced rates across its competitive mortgage range after already making great improvements and cuts to rates at the turn of the year, with a two year fixed rate now starting from just 3.19%.

Legal & General launches exclusive 3 year fixed rate with Astra

Legal & General Mortgage Club has launched an exclusive three-year fixed rate at 4.58% provided by Astra.

LV= enhances lifetime mortgage products

Retirement specialist LV= has further enhanced its range of lifetime mortgage products by adopting an age-banded system to calculate interest rates.

Half of Brits on fixed rate mortgages despite falling interest rates

More than half of Brits with a mortgage are missing out on any falls in base rate because they are on a fixed rate deal, according to research from Fairinvestment.co.uk.

NatWest & RBS launch lower fixed rate mortgages

NatWest and RBS have announced the introduction of a new competitive fixed rate mortgage with a rate of only 3.99% and a fee of £799. The new 2 year deal is available to both new customers and those wishing to remortgage, with a loan to value (LTV) of 60%.

Interest payments consumed less income in November

Mortgage interest payments are consuming less of borrowers' incomes as those able to get a mortgage are stretching themselves less financially and beginning to benefit from reductions in bank rate, according to new data from the Council of Mortgage Lenders.