Mortgages

Legal & General launches exclusive tracker mortgage

On 4 August, Legal & General Mortgage Club will be launching an exclusive two-year tracker at 5.99% (base plus 0.99%), provided by Scottish Widows Bank.

HSBC lowers rates and fees on fixed rate mortgages

From 31st July 2008 HSBC will be passing on the benefits of lower funding costs to customers by lowering the rates and fees on its fixed rate mortgages.

Abbey's mortgage dominance

Commenting on Abbey's new mortgage dominance, Louise Cuming, head of mortgages at moneysupermarket.com, said: "Abbey overtaking HBOS as Britain's mortgage leader continues the theme of 2008 being the year of new ‘movers and shakers' in the mortgage industry.

Stable outlook as fixed rates continue to fall

Darren Cook, mortgage expert at Moneyfacts.co.uk, comments: "There is a faint glimmer of hope that the fixed rate mortgage market is returning to some sort of normality.

Borrowers baffled by changes to mortgage products

Continual changes to mortgage rates and products are baffling borrowers who risk making the wrong decision because of an information overload, says independent broker My Mortgage Direct.

Coventry cuts offset rates

Coventry Building Society is reducing the rates on its offset range by up to 0.30%. The new products include a 6.39% Flexx for Term with no early repayment charges, 3 and 5 year fixed rates of 6.45% and a 10 year fixed rate of 6.19%.

Woolwich cuts rates on buy-to-let mortgages

Woolwich is substantially reducing the interest rates of key buy to let mortgages, with the portfolio lifetime tracker reduced by 0.40 percentage points, and the five year fixed rate mortgage reduced by 0.50 percentage points.

Foreign banks clean up in buy to let market place

Foreign banks are cleaning up at the higher end of the buy-to-let market, according to wealth manager and investment/mortgage planner HFM Columbus.

Mortgage lending continues to slow

The increase in total net lending to individuals in June (£4.0 billion) was below the increase in May and the previous six-month average, according to figures from the Bank of England (BoE).

Over a third of Brits think they will never be homeowners

The spiralling cost of living and scarcity of affordable mortgages has led to millions of people abandoning the idea of home ownership.

10 lucky borrowers could have their mortgage paid for a year

Nationwide Building Society is giving mortgage customers the chance to be "mortgage free" for a year (up to a maximum of £10,000).

Mortgage "flight to safety" as long-term deals soar

The proportion of fixed-rate mortgages available with terms over ten years has almost doubled in the past 12 months as borrowers and lenders increasingly turn to long-term deals to beat the ongoing credit crunch, according to analysis by MoneyExpert.com.