Mortgages
LV= Mortgage & Lifestyle Protection awarded five stars
The new Mortgage & Lifestyle Protection product from protection specialist LV= has received a coveted five star rating from Defaqto, reflecting the innovation and flexible covers offered by the newly launched Mortgage Payment Protection and Living Expenses Protection plan.
Paradigm chooses Equilaw for equity release legal services
Paradigm Mortgage Services, the mortgage partnership proposition, has revealed Equilaw LLP as its chosen legal services supplier for all equity release-related matters.
Need for further clarification and advice on equity release
The 1st quarter 2008 sales figures issued by SHIP reflect a strong underlying demand despite a drop in funds released, comments Just Retirement.
Alliance & Leicester launches ifax
Brokers and their clients are set to benefit from a new and quicker way to send packaging to Alliance & Leicester's intermediary mortgage centre with the introduction of ifax.
Cobalt Capital on May CML figures
Andrew Montlake, partner, independent mortgage broker Cobalt Capital, comments on today's CML lending figures: "Today's mortgage lending figures were just about as expected and are in line with a 20% drop in general activity levels that most mortgage brokers have seen.
Gross lending edges down in May
Gross lending totalled an estimated £25.5 billion in May, down only 2% from £26.1 billion in April but 19% from the £31.5 billion high in May 2007, according to the CML.
Cost of fixing mortgage jumps up, but people still dash to fix
Legal & General's second report in the ‘Mortgage Purchase Index' series analyses trends from over 24,000 mortgage applications made in the last quarter.
YBS launches new fixed rate mortgages
As inflation costs rise, Yorkshire Building Society is launching two new mortgages to help borrowers who want to fix their monthly mortgage payments as low as possible.
Mortgages - increasing in cost not quantity
David Black, Principal Consultant of Banking for Defaqto.com says: "The mortgage world is a completely different place from eighteen months ago as the wholesale funding model has largely dried up.
Cost of fixed rate mortgage reaches 10 year high
Darren Cook, mortgage expert at Moneyfacts.co.uk, comments: "Latest research from Moneyfacts.co.uk shows that today the average two year fixed rate stands at 6.75%, the highest rate we have seen in the last 10 years.
Nationwide increase rates on fixed rate mortgages
Following sharp increases in money market rates, Nationwide Building Society today announced an increase in rates on its range of fixed rate mortgages and some of its tracker mortgage deals.
Concerned consumers turn to brokers for mortgage advice
At the Association of Mortgage Intermediaries (AMI) Annual Dinner Director General Chris Cummings, and AMI Chairman the Rt Hon John Gummer MP, called for the mortgage industry to work together and put the interests of consumers first.
Resurgence of fixed-rate loans in April
Fixed-rate loans became more popular in April suggesting that borrowers are looking for security over future mortgage payments, according to the Council of Mortgage Lenders.
BSA to expand mortgage service
The Building Societies Association (BSA) announces today that it is to expand the work which it does on behalf of building societies by representing their interests in the mortgage and housing markets.
Fixed mortgage fees rocket
The number of fixed mortgages with high fees has rocketed by as much as 1,368 per cent in the past 18 months as lenders get tough on customers looking for the best deals, according to analysis by MoneyExpert.com.