Mortgages
Tips for graduates keen to get on the housing ladder
The summer is over, the studying complete, and, for numerous new graduates, full time working life is in full flow.
HBOS scrapping its mortgage lending targets
Commenting on HBOS scrapping its mortgage lending targets, Louise Cuming, head of mortgages at price comparison site moneysupermarket.com, said: “The credit crunch has hit many lenders hard, especially those involved in specialist lending, and HBOS has some exposure to this through its BM Solutions brand.
Postal strikes don’t stop work for GMAC-RFC
Following the Royal Mail’s Communication Workers Union announcement to strike on Thursday 4th October till Tuesday 9th October, GMAC-RFC has reassured brokers and intermediaries, that due to its award winning technology, business will not be affected.
Britannia launches new mortgage deals
Britannia Building Society launched the following mortgage products on Friday 28th September 2007:
UK mortgage lending slows
The increase in total net lending to individuals in August (£9.5 billion) was below the increase in July and below the previous six month average, according to figures from the Bank of England (BoE).
Just Retirement announces new equity release advice service
Just Retirement, the specialist retirement provider, today announced that it plans to launch a new multi-tied advisory service.
Nationwide updates fixed rate and tracker mortgage deals
Nationwide Building Society has announced changes to some of its fixed rate and tracker mortgages. The new rates are available from Tuesday 2nd October 2007.
first direct launches new two-year fixed rate offset mortgages
first direct has launched two market leading two-year fixed rate offset mortgages priced at 5.49% (6.9% APR) and 5.99% (6.8% APR).
Credit crunch starting to bite the buy to let sector
Julia Harris, Mortgage Expert at Moneyfacts.co.uk, comments: “While the prime residential sector has so far been largely unaffected by the sub prime crisis, the buy-to-let sector is beginning to show signs reminiscent of the subprime market over the last few weeks with tightening credit criteria, the withdrawal of products and rising fees.
Mortgage borrowers speak out on PPI sales
Over 30% of new mortgage borrowers over the last year “felt pressurised” into buying associated insurance products! And this figure has increased from the previous year.
uSwitch.com: Selling standards of PPI
Following today’s announcement by the FSA’s on the ongoing PPI selling standards investigation, Nick White, Director of Personal Finance at uSwitch.com comments on the outcome of ‘phase three’ of the investigation.
Homeowners would opt to fix in uncertain market
Nearly four out of five (79 per cent) of homeowners, if they had to re-mortgage tomorrow, would choose a fixed rate mortgage over a tracker, according to research from Abbey.
If it’s broke then fix it
David Kuo, Head of Personal Finance at Fool.co.uk, says: “We are disappointed in the FSA’s findings that continue to show problems in the selling of Payment Protection Insurance.
New two-year view of bank rate brings first of low fixes
Katie Tucker of John Charcol comments, “Three month LIBOR is falling and now stands at 6.34%, compared to the 6.9% that it reached last week, following the £10 billion pumped into the wholesale money markets by Bank of England last week.
Britannia launches new mortgage deals
The following mortgage products will be launched on Friday 28th September 2007: