Mortgages
Abbey: new 'large loan' mortgage
Nici Audhlam-Gardiner, Head of Mortgages at Abbey, said: "We endeavour to provide our customers options that are suitable for their individual circumstances. For some it is a low rate with higher arrangement fee - large loans in particular tend to find this option works for them.
Mortgage approvals slow-down supports expectation of rate fall
Katie Tucker of John Charcol comments: “Stability continues in the mortgage market for the third week running with two year swap rates standing at 5.73%. This highlights that the City is standing by its expectation of ongoing stability, and possibly a rate drop in Quarter One of next year.
Abbey adds new ‘fix and flex’ to mortgage range
From 31 October 2007, Abbey will be adding a new ‘Fix and Flex’ range of mortgages to its portfolio.
Size doesn’t matter when it comes to choosing the best mortgage
Seventy per cent of the top 250 mortgages available today are offered by building societies, research from Moneyfacts.co.uk reveals.
Rate cut belief fuels a boom in tracker rates
Despite the recent turmoil in the marketplace - and the knock on effects this is likely to have on consumers - brokers appear to be feeling more positive about the prospects of a cut in the Bank of England Base Rate over the coming months, according to research issued by GE Money Home Lending.
Retirees pay over the odds on equity release plans
Retired homeowners in the UK are paying significantly over the odds on equity release deals by going direct to a product provider rather than an independent adviser, reveals Key Retirement Solutions, the equity release specialist.
House prices are standing still
Mortgages completed by borrowers through mortgage brokerage AWD Moneyextra have fluctuated in a very tight range of just a few hundred pounds for the last three months.
Abbey break new territory in terms of fixed fees
Commenting on the fixed mortgage fees for the new ‘fix and flex’ products introduced by Abbey, Louise Cuming, head of mortgages at moneysupermarket.com, said: “Abbey is breaking new territory in terms of fixed fees.
moneysupermarket.com: BoE September mortgage lending figures
Commenting on the Bank of England figures showing mortgage lending is slowing, Louise Cuming, head of mortgages at moneysupermarket.com, said: “The Bank of England figures prove the mortgage industry is a shrinking market. The lack of growth is bad news for both the mortgage market and the economy as a whole.
Standard Life Bank launches professional affordability calculator
Standard Life Bank has launched an online affordability calculator, available from October 29, for its professional mortgage range.
GMAC-RFC adopts Trigold’s latest Fast Track technology
Top ten lender, GMAC-RFC has announced it will be adopting Trigold’s latest ‘Fast Track’ filter technology to provide brokers and packagers with enhanced certainty when sourcing funding for clients.
‘Danger thresholds’ for borrowers
It has often been assumed that only people with adverse credit histories, recent first-time buyers and some buy-to-let investors are at risk in a credit crunch. But now, anyone whose finances fall outside of certain defined thresholds is also vulnerable.
RICS: BBA September mortgage lending figures
Commentating on today’s BBA (British Bankers' Association) mortgage lending numbers, David Stubbs, senior economist at the RICS said: "The slowdown in the housing market continues to worsen with higher interest rates being the root cause of this slowdown.
Lloyds TSB launches 18 month fixed rate mortgage
From today Lloyds TSB will offer a new range of 18 month fixed rate products, with rates starting from as low as 5.99.
Weaker mortgage outlook
The value of September’s gross mortgage lending at £18.5bn was only 3% higher than in September last year, according to the British Bankers’ Association (BBA).