Mortgages
Hope for borrowers as lenders start a rate war
In the past two weeks, nine of the UK's main 12 main mortgage lenders have reduced their two or three-year fixed rates, according to research from price comparison site moneysupermarket.com.
Borrowers sleep soundly with new Rate Guard
Halifax is to introduce a new Rate Guard feature to all of its core tracker mortgage products with effect from 10th September 2008, allowing borrowers to move, with no penalty, to a fixed rate product within 12 months of their mortgage commencing.
Standard Life Bank announces mortgage rate cuts
Standard Life Bank has announced rate cuts across several of its Freestyle flexible mortgage product ranges.
YBS launches 2 year fixed rate mortgage at 5.29%
Yorkshire Building Society has launched a new 2 year fixed rate mortgage at 5.29%, together with three and five year deals at 5.49%. This latest drop in rates from the Yorkshire means that its 2 year fixed rate has come down by 90bp from 6.19% on the 24th July.
Legal & General launches exclusive 2 year fixed rates with Accord
On 5 September, Legal & General Mortgage Club will be launching two exclusive two-year fixed rates, provided by Accord Mortgages.
Accord Mortgages cuts prime rates by up to 70bps
Accord Mortgages has been quick to take advantage of falling swap rates by cutting rates across the full Prime range by up to 70bps.
It’s only a matter of time before the cuts are deep
"After The Chancellor's frank comments at the weekend that Britain is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long-lasting" than people had expected, it is probable that the MPC discussed very seriously whether Bank Rate should be cut as early as today.
Rate cuts are off the agenda
The Bank of England left interest rates unchanged today. The decision is not unexpected given that the twin threat of a slowdown in the UK economy and rising inflation has left the Central Bank with little room to manoeuvre.
Skipton's boast of supporting first time buyers
Commenting on Skipton's boast of supporting first time buyers by offering a 95 per cent mortgage from 15 September, Louise Cuming, head of mortgages at moneysupermarket.com, said: "At first glance, a lender dipping its toes back into this arena is good news. However the promise of 95 per cent lending is not all it seems.
Abbey makes further reductions to mortgage rates
From Friday, (5 September) Abbey is reducing the rate on its two, three and five year fixed rate mortgages by up to 0.30 per cent.
Yorkshire announces further summer fee-free re-mortgage deals
There is further good news for homeowners with the extension of Yorkshire Bank's summer mortgage offer.
Lloyds TSB and C&G cut fixed rates again
Lloyds TSB and Cheltenham & Gloucester today announced further reductions to certain fixed rate mortgages.
Skipton returns to FTB market with 95% LTV deal
Skipton Building Society is going against the market trend and increasing its Loan to Value to 95% under a new scheme to help first-time buyers called "Mutually Exclusive".
Leeds launches unique 2-year fixed rate mortgage
Leeds Building Society has launched a new suite of mortgages that includes the only 2-year fixed rate mortgage on the market without any lock-ins.
Homeowners urged to shop around for mortgage deals
The crisis of confidence in the economic climate has left homeowners confused and concerned about switching lenders when they remortgage, according to new research from Cheltenham & Gloucester.