Mortgages
How Lehman Brothers fall out will affect UK mortgage market
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "It is not just in America where the fallout from the Lehman Brothers bankruptcy will be felt: it will likely have an impact on the UK mortgage market.
Cheltenham & Gloucester announce further rate cuts
Cheltenham & Gloucester, part of the Lloyds TSB Group, has announced plans to reduce rates on its two year fixed rate products.
Abbey cuts rates for customers with smaller deposits
Abbey is cutting rates by 0.6 per cent on its mortgages for customers with a 15 per cent deposit, as well as introducing five new deals to this range. It is also reducing fees on these products by up to £1,000, so the 85 per cent LTV range - which is available for borrowing of up to £550,000
North East law firm forms alliance with leading IFA broker
Gordon Brown Associates, one of the North East's fastest growing law firms, has been selected to form a strategic Alliance with one of the country's leading independent financial advice brokers.
The Co-operative Bank cuts mortgage rates
The Co-operative Bank is reducing the rates on its three and five year fixed rate mortgage products, with effect from Monday 15 September.
Nationwide cuts price of selected fixed rate and tracker deals
Nationwide Building Society has announced the following changes to its mortgage product range, which will be effective from Friday 12 September:
Yorkshire Building Society cuts mortgage rates and halves fees
Yorkshire Building Society has this week cut up to 0.50% off many of its fixed rate mortgages and at the same time halved the arrangement fee for these products from a standard £995 to only £495.
Mortgage postcode lottery
Michelle Slade, analyst at Moneyfacts.co.uk comments: "Borrowers in the Midlands have wider access to a higher number of mortgage products than anyone else in the UK, with those living in the Leicestershire having the widest choice.
RICS: CML July mortgage lending data
Commenting on the CML mortgage lending data: "The latest figures from the CML highlight the very real problems facing first-time buyers trying to get on the housing ladder at the present time.
Blunkett urges older people to use equity release
Dean Mirfin, Business Development Director of independent equity release specialist Key Retirement Solutions, comments on David Blunkett's call for older people to use equity release schemes to fund their care, at the Counsel and Care's annual Graham Lecture on the future of long-term care for the elderly.
Tighter lending criteria and falling house prices discourage FTBs
Remortgaging rose and lending for house purchase held steady in July, by comparison with June, although loans to first-time buyers continued to decline according to the latest survey from the Council of Mortgage Lenders.
Equity release market strength is ongoing
The continued strength of the equity release sector is likely to continue throughout Quarter 3 and on to the end of the year, says home reversion plan specialist Bridgewater Equity Release.
Paradigm Mortgage Services links with London & European
Paradigm Mortgage Services, the mortgage partnership proposition, has announced the addition of London & European to its conveyancing panel.
60 is the magic number for homeowners
A loan-to-value (LTV) of 60% is the magic number if you want to access most of the products on the market, according to a study by Fool.co.uk. If you only need to borrow less than 60% of the value of a property, you can choose from as many as 4,588 different products.
HSBC lowers rates on its fixed rate mortgages
From today HSBC will be passing on the benefits of lower funding costs to customers by lowering the rates on all its fixed rate mortgages.