Mortgages
Moneyfacts: SHIP equity release findings
David Knight, analyst at Moneyfacts.co.uk, comments: "Following the latest figures released by SHIP showing the amount of equity release business has risen 14% in Q2 this year Moneyfacts.co.uk can confirm that the number of equity release products available has also risen since the beginning of the year.
‘Rent before you buy' sticking plaster not a long-term cure
Commenting on the rent before buying proposals from the DCLG, Peter Williams, executive director of IMLA, said: "We welcome all positive action from the government to offer support to first time buyers particularly affected by the credit crunch.
Down down deeper and down
"For far too long, the status quo of the mortgage market has been increasing rates and misery for most borrowers. The crunch has seen liquidity in the market all but dry up, but news from Nationwide that they are cutting both tracker and fixed rates will come as a huge relief for all borrowers.
SHIP equity release providers buck the credit crunch
SHIP (Safe Home Income Plans) - the trade body that represents more than 90% of the equity release market in the UK - is pleased to announce that equity release business volumes produced by its members in the second quarter of this year have increased by 14% over volumes in quarter one.
More mortgage options from Britannia
Britannia Building Society has introduced a new option to its 5 year fixed-rate product range.
Nationwide cuts price of popular fixed rate and tracker mortgages
Nationwide Building Society has announced that it is cutting the price of some of its fixed rate and tracker mortgage deals by up to 0.46%.
Santander takeover of A&L
Commenting on Santander's £1.26bn takeover of Alliance & Leicester, Kevin Mountford, head of current accounts at moneysupermarket.com, said: "While City types may be breathing a sigh of relief at the creation of a new powerhouse in UK banking, the proposed deal may not be such good news for consumers.
Belts tighten across Britain to combat rising inflation
A staggering 86 per cent of Brits are taking some form of measure to combat rising inflation, according to research by Abbey Mortgages.
Legal & General launches conveyancing service
Legal & General has launched a fast conveyancing service through its Mortgage Club, offering customers an essential service at a competitive price and advisers the opportunity for new revenue streams.
The Cheshire launches Family Value mortgage
Cheshire Building Society has introduced a family value mortgage to reward its members and their family for their membership offering £500 off the £999 arrangement fee on its competitive two-year fixed rate mortgage at a rate of 6.49 per cent.
MPC has little room to manoeuvre this month
Ray Boulger of John Charcol, the UK's leading independent mortgage adviser commented, "Today's no change decision by the MPC was widely expected.
Leeds launches new 5 year fixed rate mortgage
Leeds Building Society has launched a market leading 5-year fixed rate mortgage at only 5.99% with no higher lending charge, 10% capital repayments allowed each year without penalty and available up to 80% loan to value.
N&P launches new 3 year tracker mortgage
Norwich and Peterborough Building Society (N&P) is offering a market-leading three year base rate tracker mortgage at Bank Base Rate (BBR) plus 0.70% - available now via its branches and Contact Centre.
John Charcol launches large loan 2 year tracker mortgages
John Charcol has launched an exclusive range of large loan 2 year tracker mortgages giving clients the option to trade off the interest rate and the fee. The cheapest rate available is Bank rate - 0.01%, giving a current pay rate of 4.99%, and this deal carries a 2.75% arrangement fee.
Woolwich cuts tracker rates and launches new fixed rate deals
Woolwich is cutting the rates on its most popular Lifetime Tracker product in an effort to encourage customers to take advantage of these fully flexible, fee free products at a time when many are sitting tight waiting for better news on short term fixed rates.