Mortgages
PPI firms still failing to treat customers fairly
The Financial Services Authority (FSA) has published the findings of its latest review of Payment Protection Insurance (PPI) selling standards.
Platform reduces rates across conforming range
Platform, the intermediary lender of Britannia, is delighted to announce a rate reduction of up to 0.50% across its conforming Prime, Self-Cert, Buy to Let and House Plus (Self Cert Buy to Let) products with immediate effect.
moneysupermarket.com: Post Office mortgage announcement
Commenting on Post Office Financial Services offering mortgages in conjunction with Bristol & West in the North East of England from tomorrow, Louise Cuming, head of mortgages at price comparison site moneysupermarket.com, said:
Mr and Mrs Average don’t live here anymore
The average 2.4 family is a dying breed, with almost two thirds of people (63%) claiming to be outside of the ‘norm’ according to research from mortgage specialists Birmingham Midshires.
Woolwich cuts up to half a per cent off fixed rate mortgages
Woolwich is launching a raft of lower fixed rate mortgages at rates as low as 5.59 per cent for two and five year deals.
Nationwide rewards loyalty with fee free mortgage
On Tuesday 25 September 2007 Nationwide will launch a new five year fixed rate mortgage, available from 5.98%.
Alliance & Leicester updates mortgage range
Alliance & Leicester is updating its variable rate mortgages from Friday, 21 September 2007.
Leeds launch new fixed rate mortgage range
Leeds Building Society has launched a range of 3, 5 and 10-year fixed rate mortgages from as low as 5.59%.
Alliance & Leicester: CML August lending figures
Stephen Leonard, Director of Mortgages at Alliance & Leicester, said: “Today’s CML mortgage lending figures show a 6 per cent fall in lending for August, compared with July.
Egg launches new 2 and 3 year fixed-rate mortgages
Egg, the online bank and award winning mortgage lender, has launched a 2 and a 3 year fixed-rate mortgage with a highly competitive rate of 5.89%.
New ways of comparing the cost of loans
Research published by the Council of Mortgage Lenders (CML) looks at new methods of presenting information about the cost of loans in a way that is helpful to consumers.
6% fall in gross lending in August
Gross mortgage lending by banks, building societies and specialist lenders fell by 6% in August compared with July, to an estimated £32.2 billion from £34.1 billion, according to the Council of Mortgage Lenders.
Borrowers who snap up large discount trackers could be credit crunch winners
Katie Tucker of John Charcol comments, “You would have to have been living on the moon to have missed the fiasco outside the Northern Rock branches since the news emerged on Friday that it had applied for support from the Bank of England.
More figures needed to determine effects of the sub-prime crisis
Alliance Trust, which has just published an analysis of the chain of events that triggered the current credit crunch, says that until more figures are revealed by the institutions holding related debt or securities it will be impossible to determine exactly how harsh the effects will be on the economy.
Skipton fixed rates just got lower
Borrowers can now benefit from lower rates as Skipton Building Society relaunches its range of Fixed Rate Mortgages, which start from as low as 5.49%.