Mortgages
Nationwide changes mortgage range
Nationwide Building Society will, from Thursday 1 May, launch a new offer to help first time buyers who deal with Nationwide directly.
Take a break with a mortgage holiday
Hard-pressed homeowners are being urged to check the terms of their mortgage as they could be eligible for a break from their monthly payments, according to MoneyExpert.com.
Newcastle launches Day 1 Bridge for buy to let borrowers
Newcastle Building Society has announced the launch of its new Day 1 bridging product which is designed to provide a fast bridging option for buy to let investors.
uSwitch.com: OFT judgement
Simeon Linstead, Head of Personal Finance at uSwitch.com, the independent price comparison and switching service, comments on the judgement today that the Office of Fair Trading (OFT) can apply consumer contract regulations to decide if bank overdraft charges are fair or not.
Skipton's SVR remains lowest of top 10 building societies
Skipton Building Society has announced that, in response to the cut in Bank of England Base Rate, it will reduce its SVR to 6.45% from 6.70%.
Gilty Government plan can only bring slow relief
Despite the Bank of England's £50bn swap of gilts for cash for mortgage backed securities, lenders' cost of borrowing is yet to show a significant improvement, dropping a negligible 0.04%. The spread between LIBOR and Bank rate remains a significant 0.88%.
Moneyfacts mortgage facts
Denise Harvey, mortgage analyst at Moneyfacts.co.uk, comments "Two weeks on from the base rate cut 38 lenders (38%) have announced that they will cut their SVR.
HSBC to cut standard mortgage rate by 0.25%
HSBC Bank plc announces it will reduce its HSBC variable mortgage rate by 0.25% from the 9th May 2008.
Brokers remain bullish about professional landlords
Brokers remain bullish about the prospects of professional buy to let landlords, new research from The Mortgage Works has found.
RICS: BBA mortgage approvals
Commenting on the BBA mortgage approval figures, Simon Rubinsohn RICS chief economist said: "The tightening in the credit crunch is continuing to take its toll on the residential property market with BBA data showing mortgage approvals at their lowest level since September 2000.
AMI publishes white paper on credit crunch solutions
The Association of Mortgage Intermediaries (AMI) has published a white paper on credit crunch solutions for the mortgage industry.
AMI responds to Bank of England £50 billion help plan
The Association of Mortgage Intermediaries (AMI) has today (21 April) cautiously welcomed the move by the Bank of England to offer up £50bn of Mortgage-Backed Securities (MBS) for government bonds.
Abbey cuts rates on its tracker mortgages
Abbey is cutting rates on its two-year tracker and flexible mortgages by 0.1 per cent in response to the Bank of England's announcement today.
CML: Bank of England special liquidity scheme
The CML welcomes the announcement of a special liquidity scheme by the Bank of England, initially likely to be around £50 billion, and hopes it will have the desired effects of improving the liquidity position of the banking system and restoring confidence in financial markets.
Borrowers warned to keep their guard up
The Bank of England's collateral swap will only delay the inevitable not eliminate it, David Kuo, Head of Personal Finance at Fool.co.uk, says: "The Bank of England's scheme to allow high-street lenders to swap mortgage debts for secure government bonds will only provide temporary respite for borrowers.