Mortgages
Mortgage lending to worsen
Gross lending increased to an estimated £26.3 billion in March, up by 5% from £25 billion in February and down by 17% from £31.7 billion in March last year, according to the Council of Mortgage Lenders.
Mortgage fee misery
Consumers are facing a double whammy on mortgage set-up fees, according to research from uSwitch.com, the independent price comparison and switching service.
Bank rate cut but no improvement
Thursday's Bank rate cut, regrettably, but unsurprisingly, had no helpful effect on lenders' cost of funding; although today's auction of £15bn has brought down slightly the 3 month LIBOR.
moneysupermarket.com: changes to RBS One Account mortgage
Commenting on changes to the RBS One Account mortgage, Louise Cuming, head of mortgages at price comparison site moneysupermarket.com, said: "Anyone applying for a One Account mortgage will now have to have their salary paid into a One Account current account.
Coventry to reduce standard variable rate by 0.25%
Following last week's Bank of England MPC announcement, Coventry Building Society announces that its standard variable mortgage rate will decrease by 0.25%.
Affordable mortgages still available
There is no doubt that it would be easy to draw the conclusion that the ‘credit crunch' is just another phrase for ‘no affordable mortgages available'.
Platform and enterprise unite
Platform, the intermediary lender of Britannia, is delighted to announce the first stage of its technology integration with leading broker services provider Enterprise Group.
Equity release market remains buoyant
Despite the difficult economic and market conditions over the first quarter of 2008, the equity release market remains buoyant with more than £290 million released from UK homes over that period.
Cashback available for landlords looking for buy-to-let mortgages
The National Landlords Association (NLA), the UK's leading trade association for landlords, has launched a brand new service for all landlords, called NLA Mortgages.
Alliance & Leicester to cut SVR by 0.25%
Alliance & Leicester will be reducing the Standard Variable Rate (SVR) on its mortgages by 0.25%. The bank will be changing its Standard Variable Rate for existing mortgage customers from 2 May 2008 to 7.19%, down 0.25% from 7.44%. For new customers, the change comes into effect on 23 April.
The Co-operative Bank to cut its SVR by 0.25%
Following changes to the Bank of England Base Rate, The Co-operative Bank will be passing on the full benefit of the base rate reduction to its mortgage customers, by cutting its standard variable rate (SVR) by 0.25% to 6.99%.
moneysupermarket.com: changes to Nationwide mortgage rates
Commenting on the changes to the Nationwide mortgage range rates, Louise Coming, head of mortgages at moneysupermarket.com, said: "Gone are the days brand new customers would be treated well at the expense of existing ones.
RBS cuts its SVR by 0.25 per cent
Royal Bank of Scotland (RBS) has announced that its Standard Variable Mortgage Rate will be cut by 0.25 per cent from 7.44 per cent to 7.19 per cent.
NatWest cuts its SVR by 0.25%
NatWest has announced that its Standard Variable Mortgage Rate will be cut by 0.25 per cent from 7.44 per cent to 7.19 per cent.
GE Money slashes buy to let rates by up to 0.45%
GE Money Home Lending is to cut rates on some of its key buy to let mortgage products through its First National and First National Direct 2U brands as part of a revamp of its BTL product portfolio.