Mortgages
Report recommends safety net for home-owners at risk of repossession
The growing number of home-owners at risk of repossession could be helped by a new form of insurance which would cover ten months of complete mortgage payments, should they face unemployment, sickness or have an accident.
Alliance & Leicester launches new mortgage deals
Alliance & Leicester is launching a new range of residential and Buy to Let products, which are available from Wednesday 5 March 2008.
moneysupermarket.com: FSA's 'stay in control of your mortgage checklist'
Commenting on the launch of the FSA’s ‘stay in control of your mortgage checklist’ Louise Cuming, head of mortgages at price comparison site moneysupermarket.com, said: "The FSA is to be applauded for trying to actively help people with their mortgage decisions.
Campaign to help homeowners worried about mortgage repayments
One in five mortgage holders are concerned about meeting their repayments in the next 12 months, according to figures from the Financial Services Authority (FSA).
Feeling safer with a fix or time for a tracker?
The Co-operative Bank has launched a new competitive two-year fixed rate mortgage this week at a rate of 5.24%.
The Mortgage Works voted best fixed rate buy to let provider
The Mortgage Works has been voted best fixed rate buy to let provider at this year's Business Moneyfacts awards, held last week in London.
Abbey launches automatic verification for mortgage products on Trigold
Abbey for Intermediaries (AfI) has announced that Abbey products on the Trigold sourcing system will be automatically verified to ensure brokers can guarantee that they are receiving up to date and accurate information.
The Nottingham enhances commercial mortgage range
The Nottingham has introduced a major new feature to its new range of commercial mortgages, enabling small and medium-sized businesses to repay as much as 10% of the capital borrowed annually – without incurring charges.
10% deposit minimums to change the UK buying culture ongoing
Comment from Katie Tucker, Technical Manager, John Charcol: “Today Cheltenham and Gloucester and many other lenders are reducing their maximum LTV from 100% all the way down to 90%.
Mortgage approvals up in January
The increase in total net lending to individuals in January (£8.4 billion) was below the increase in December and the previous six-month average, according to figures from the Bank of England.
Newcastle Building Society: CML buy to let figures
Steven Marks, Lending and Operations Executive at Newcastle Building Society, comments on the CML figures: “The CML figures for the second half of 2007 reinforce the point that the buy to let market continues to be a core part of the overall UK mortgage market, with buy to let making up 10% of the total number of mortgages outstanding.
The £27billion parental property push
British parents have collectively forked out more than £27 billion to help their children buy first homes according to new research from Abbey Mortgages.
Buyers with no deposits being politely nudged out of the race
Charcol’s Katie Tucker comments: “The mortgage market is readjusting and the housing market will follow. The accommodating lending criteria of the last decade has allowed many people to buy who otherwise wouldn’t have been able to, which has helped push property prices through the roof.”
Lenders urged not to pass on rising costs to consumers
The Association of Mortgage Intermediaries (AMI) has responded to comments made by the chief executive of the Financial Services Authority (FSA), Hector Sants, on the current state of the mortgage market.
Nationwide still offers great value for first time buyers
Contrary to some recent reports, Nationwide Building Society continues to offer first time buyers and those with smaller deposits some of the best value deals on the high street.