Mortgages
New standards for IVA providers come into force
A new set of standards to help people resolve their debt difficulties through Individual Voluntary Arrangements (IVAs) will come into force on Friday, following an agreement struck today between IVA providers and the credit industry.
Lenders squeeze extra profit before base rate falls
With speculation rife that the Monetary Policy Committee will cut base rate again next week, mortgage lenders have been preparing for the potential increased demand by increasing margins offered on tracker rate mortgages.
Kicked when you're already down
Missing mortgage repayments and going into arrears could be costing borrowers even more than they think.
Bonus time crucial for your mortgage
For many people the January payday includes annual bonuses and pay increases. Research by Charcol.co.uk shows that even the most modest overpayment to your mortgage can reduce the term and save you thousands of pounds from your debt during the term of your mortgage.
The Nottingham launches interest-only commercial mortgage
The Nottingham has expanded its portfolio of commercial mortgages – and is now offering a new, interest-only product to small and medium-sized businesses throughout the UK.
Mortgage Express unveils best-buy lifetime mortgage rates
Mortgage Express has repriced its Lifetime Mortgage and Lifetime Mortgage Extra products, propelling them into the lifetime sector's best-buy tables.
New mortgage range from Leeds Building Society
Leeds Building Society has a new range of 3 and 5-year fixed rate mortgages starting at only 5.35%. There are fee free options for customers who require help with up front costs and, for borrowers who require greater flexibility, the society is offering versions without any early repayment charges.
Scarborough mortgage range offers 2 to 25-year fixes from 5.54%
Scarborough Building Society is offering customers the certainty of guaranteed mortgage payments with a competitive new range allowing them to fix for between 2 and 25 years.
RICS: BBA December lending figures
Commenting on today's BBA figures Oliver Gilmartin RICS senior economist said: "Weaker levels of mortgage lending is unsurprising given the tighter lending standards enacted in recent months.
UK mortgage lending weak in December
December’s mortgage lending continued to be relatively weak and approvals were again low, according to the British Bankers’ Association (BBA).
Trackers with no early repayment charges are the order of the day
With bank rate predicted to drop in February and the current lack of many competitive fixed rates, many people’s product of choice is a tracker with no Early Redemption Penalties.
Alliance & Leicester launches lower fixed rate mortgage deals
Alliance & Leicester has launched new lower priced two, three and five year residential and Buy to Let fixed rates. A new residential two year 5.94% Base Rate tracker, with a 1% fee and no early redemption charge, has also been introduced.
Beware unnecessary fees for sub-prime advice
After the overspending of Christmas, and the January sales, personal debt can be at its highest and often out of control. Many borrowers will find themselves in such bad credit problems that they will need to remortgage their home to pay for their spending.
Nationwide increases rates on new tracker mortgages
Nationwide Building Society has announced an increase in rates on its range of new tracker mortgages.
Abbey cuts rates on fixed rate deals and launches new stepped products
From Wednesday 23 January Abbey Mortgages is cutting rates on a number of its fixed rate deals and adding more products to its range.