Mortgages
£26 billion of mortgages through Legal & General Mortgage Club
The Legal & General Mortgage Club was responsible for arranging almost £26 billion worth of mortgages in 2007, up 16% from the previous year.
Godiva Mortgages announces key intermediary partners
Godiva Mortgages has announced partnerships with selected intermediary partners for their launch into the equity release market on Thursday 28 February.
First-time buyers should take avoiding action now
David Kuo, Head of Personal Finance at Fool.co.uk, says: “First-time buyers who have taken out interest-only mortgages should heed the warning by the Bank of England over tightening credit conditions.
Inflation risk remains high, delaying further bank rate cuts
“Last Thursday’s rate reduction was no surprise and was sorely needed to continue to ease the liquidity crisis that UK lenders currently face”, comments Katie Tucker, Technical Manager for Charcol.
Where do your credit card payments go?
Most consumers look to be getting a raw deal when it comes to paying off their credit card debts.
Charcol tracks UK mortgage trends
With the mortgage and property landscape rapidly evolving to fit a changing economic situation in the UK, Charcol, the whole of market, fees free broker, has launched the Charcol Mortgage Monitor giving an insight into market trends and the habits of buyers and remortgagers.
Recent rate cuts should ease affordability into 2008
While mortgage affordability deteriorated in 2007, the CML expects the two base rate reductions since December will help to ease debt servicing burdens into 2008.
Big reductions on Abbey’s five-year mortgage deals
Abbey Mortgages today announces dramatically reduced rates on its range of five-year fixed rate mortgages. The range, which is now on offer at 5.63 per cent with a £499 fee for loans to value of up to 90 per cent, has seen rates cut by up to 0.46 per cent.
Head-in-sand approach not helpful, says Which?
Following the announcement by the Council of Mortgage Lenders that repossessions are at an eight year high, Phillip Inman, author of Manage Your Debt, a Which? essential guide, gives the following advice:
To fix or not to fix?
With the Bank of England cutting the base rate again, Stroud & Swindon Building Society identifies the actual differences in payments for those considering whether to take out a fixed rate, tracker or variable rate mortgage.
AMI: CML repossession figures
The Association of Mortgage Intermediaries (AMI) has responded to today's repossession figures from the Council of Mortgage Lenders (CML).
Keep up your payments and pay your mortgage off early
Charcol advises borrowers to maintain their higher payments, to reduce their term. “Borrowers worked hard to live to a tighter budget last year, and now that bank rate has started falling, just keeping their mortgage payments up at the level they are now used to, they could reward themselves with an early finish to their mortgage.”
RICS: CML repossession figures
Commenting on CML repossession figures, Simon Rubinsohn RICS chief economist said: "The more challenging climate for the housing market will lead to a rise in repossessions over the course of 2008.
Mortgage borrowers less affected by credit crunch than expected
Commenting on arrears and possessions figures from the CML, Godfrey Blight, chairman of the Intermediary Mortgage Lenders Association (IMLA), said: "UK mortgage borrowers have been less affected by the fall-out of the credit crunch than some commentators had predicted,
The Co-operative Bank to cut mortgage rates by 0.25%
Following yesterday’s 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 7.24%, with effect from 1 March 2008.