Mortgages
Yorkshire Building Society reduces mortgage rates
From today, Yorkshire Building Society is reducing the rates on many of its fixed rate mortgages by up to 0.50% and launching a new low fixed rate deal with a higher fee.
MoneyExpert: NatWest’s fee-free re-mortgage step-down tracker
Sean Gardner, Director, MoneyExpert.com, said: "With higher mortgage fees very much in the spotlight this new offer from NatWest is certainly eye-catching.
Tracker mortgages back in vogue
Homeowners are being reminded to scour the entire product range when looking for a new mortgage, as analysis from moneysupermarket.com has shown that the average two-year tracker is looking increasingly better value.
Mortgage approvals hit new low
June’s mortgage lending, rising by £3.8 billion, was weaker than in May. There was again a record low number of house purchase approvals, though levels of remortgaging were similar to the previous month, according to figures from the British Bankers’ Association (BBA).
NatWest launches fee free re-mortgage step down tracker
The 3 year step down tracker mortgage is completely fee-free, meaning there are no set up fees, no legal, valuation or CHAPS fees to pay for a standard re-mortgage.
New lender launch signals checkmate to the credit crunch
"Today's announcement by Checkmate Mortgages that it has obtained sufficient investment backing to allow it to launch as a new mortgage lender early next year is a superb achievement by Stephen Knight and his small team in this market.
FSA sets out its approach to tackle mortgage fraud
The Financial Services Authority (FSA) has set out its approach for tackling mortgage fraud, as part of the UK's wider response to the threat.
Mortgage fraudsters beware
The Council of Mortgage Lenders' efforts to tackle mortgage fraud have been recognised by the Financial Services Authority today, in a public letter which recognises the priority that the industry has given to fraud issues even in the current challenging market conditions.
Average two-year fixed back below 7%
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "Mortgage borrowers have not had much to be happy about in the last few months as rates have continually soared. Just ten days ago the average two year fixed peaked at a rate of 7.08%, its highest in over a decade.
Woolwich launches market leading fixed and tracker mortgages
Woolwich is cutting rates on its fixed rate mortgages by as much as 0.32 percentage points as lower SWAP rates continue to benefit the fixed rate market.
The Mortgage Works launches a new large loans proposition
The Mortgage Works has launched a new large loans proposition enabling intermediaries to apply for loans of up to £5million for their clients.
Halifax reduces mortgage rates
Halifax, the UK's largest mortgage lender, announces it is reducing its mortgage rates for the second time in seven days. The new rates are effective from Saturday 19th July.
Just Retirement welcomes growth in equity release
Second quarter figures from SHIP show that demand for equity release has not been affected by the problems in the UK housing market, comments Just Retirement.
Mortgage lending declines in June
Gross mortgage lending declined to an estimated £23.8 billion in June, down 3% from May and 32% from June 2007, according to the Council of Mortgage Lenders.
Strong demand for Regulated Equity Release qualification
The ifs School of Finance, who offer the industry leading Certificate in Regulated Equity Release (CeRER), revealed that demand for this qualification has been incredibly strong in recent weeks despite increasing difficulties in the mainstream residential mortgage market.