Mortgages

Is a two year fixed mortgage prudent enough?

Darren Cook, mortgage expert at Moneyfacts.co.uk, comments: "If you went for an interview today and your potential boss asked you, where do you see yourself in five years time? You would no doubt respond with a confident answer of, pretty close to where you are sitting right now.

Non-refundable booking fees creeping into the market

"Another week, another kick in the teeth for mortgage borrowers, with news that Abbey has introduced a non-refundable booking fee of £150 on its mortgage range. Up until now, the only major player who had this was Lloyds TSB, with a £99 booking fee.

New process for conveyancing and valuing newly-built properties

The CML is introducing new standards for industry professionals who act for lenders on newly-built property transactions.

Brits heading towards mortgage debt time-bomb

A third of the UK population in, or nearing retirement, owe a whopping £207 billion in outstanding mortgage debt - averaging at £37,316 per head - reveals a new report from Key Retirement Solutions, the leading independent equity release specialist.

Negative equity predictions wide of the mark

Recent news stories about 100% and 100% plus mortgages are missing the point when it comes to negative equity, says Your Mortgage magazine.

moneysupermarket.com: RICS May housing figures

Commenting on the RICS figures, Louise Cuming, head of mortgages at comparison site moneysupermarket.com, said: "The RICS figures show house prices are going down - but this isn't showing the full picture for home owners.

Britannia putting customers first

Britannia Building Society is putting its customers first, once again, with a great rate on its three year fixed rate member only mortgage.

moneysupermarket.com: Northern Rock and Lloyds TSB agreement

Commenting on Northern Rock’s agreement with Lloyds TSB, Louise Cuming, head of mortgages at price comparison site moneysupermarket.com said: “This may be good news for some Northern Rock borrowers, but the Lloyds TSB deal will only be offered to a select tier of customers.

MPC with no choice but to hold on

"With a sharp rise in the consumer price index last month and the bank predicting that inflation will rise to 3.7%, it is difficult to justify a bank rate cut, given that the MPC's primary job is to control inflation.

CML responds to rate hold decision

It was no surprise that the MPC decided to hold rates at 5% today according to the Council of Mortgage Lenders.

Moneyfacts.co.uk: Northern Rock and Lloyds TSB agreement

Darren Cook, spokesperson for Moneyfacts.co.uk, comments: "It's about time the thousands of Northern Rock mortgage customers received some encouraging news that allows them to sleep a little better at night.

Lloyds TSB announces mortgage agreement with Northern Rock

Lloyds TSB has announced that it has entered into a three year agreement with Northern Rock whereby certain Northern Rock mortgage customers approaching the end of their fixed rate period will be offered the opportunity to switch to a Lloyds TSB mortgage.