Mortgages

Beware the true cost of new mortgage deals

Darren Cook, mortgage expert at Moneyfacts.co.uk comments: "In recent weeks many lenders have announced cuts in their mortgage rates, leading to many people predicting that we may have turned that corner.

Britannia launches new two year fixed rate mortgage

Britannia Building Society has introduced a third option to its two year fixed rate mortgage range. The new option has a rate of 5.94% for up to 75% LTV (6.69% up to 90% LTV) and an arrangement fee of £999.

Yorkshire Bank announces summer fee-free re-mortgage deals

With the nation collectively tightening belts, Yorkshire Bank has announced a summer mortgage deal guaranteed to brighten the moods of homeowners.

Abbey cuts mortgage rates again

Abbey is reducing the rates on some of its two and three-year fixed rate and tracker deals by up to 0.10 per cent. This follows the cut on Friday of Abbey's two and three-year deals by between 0.10 and 0.15 per cent.

Borrowers confused about which mortgage to choose

Two fifths of all homeowners would be confused about whether to opt for a fixed or tracker rate mortgage if they were choosing a new deal tomorrow (7 August).

Legal & General launches exclusive tracker with Halifax

Legal & General Mortgage Club has launched an exclusive two-year tracker at 5.94% (base plus 0.94%), provided by Halifax.

Citizens Advice: FSAs research on mortgage arrears and lending

Sue Edwards Head of Consumer Policy at Citizens Advice said: "We welcome the findings of the FSA's research on lenders' mortgage arrears and lending practices, which mirror CAB clients' experience.

IMLA hits back at FSA for suggesting all lenders fail on TCF

Peter Williams, executive director of IMLA, responds to today's announcement from the FSA that firms must ensure they treat customers who are behind with mortgage payments fairly in current market conditions.

CML responds to FSA arrears findings

The Council of Mortgage Lenders welcomes the FSA's confirmation that mainstream lenders are largely complying with its arrears and repossessions requirements.

AMI: Fair treatment of customers in arrears

The Association of Mortgage Intermediaries (AMI) has responded to the Financial Services Authority's (FSA) call for mortgage lenders to treat customers who are facing arrears and repossessions fairly.

moneysupermarket.com: Northern Rock interim results

Commenting on an upcoming crisis at Northern Rock, Louise Cuming, head of mortgages at moneysupermarket.com, said: "The key feature of Northern Rock's £585 million loss in the first half of the year is the significant increase in the percentage of borrowers who are in arrears.

FSA call for firms to treat customers fairly in current market conditions

The Financial Services Authority (FSA) has reiterated today its call for mortgage lenders to ensure they are treating customers fairly in the current market conditions as its latest review finds weaknesses in the way some lenders are handling arrears and repossessions - particularly for consumers with impaired credit histories.