Mortgages
December gross mortgage lending up 49% year-on-year
Gross mortgage lending was an estimated £17 billionin December, according to the Council of Mortgage Lenders.
Two competitive new fixed rate mortgages from the Leeds
Leeds Building Society has launched new two year fixed rate mortgages with incentives, starting at 1.79%.
Lloyds Bank reduces mortgage rates
Lloyds Bank is to reduce rates across its range of 2 year mortgages.
2.89% tracker launched by Mortgage Trust
Mortgage Trust, the specialist buy-to-let lender, has updated its product range to include a new two year tracker at 2.89%.
Scottish Widows Bank reduces rates on selected two year mortgages
Scottish Widows Bank (SWB) has reduced the rates on a on a selection of 2 Year Fixed Rate Professional and Flexible mortgages across its 60% LTV ranges.
TSB helps borrowers make successful mortgage applications
Almost two fifths (38%) of Brits searching for their first or next property are concerned their mortgage application may not get accepted, according to new research by TSB. Of those looking for a new property, younger buyers (under the age of 35) are the most concerned (66%).
Paragon Mortgages launch lifetime buy-to-let trackers
Paragon Mortgages, the specialist buy-to-let mortgage lender, has launched a range of lifetime tracker products along with refreshing the rest of its range of fixed and tracker buy-to-let mortgages.
Post Office joins Help to Buy
Post Office has announced its intention to join the government’s Help to Buy Scheme with its financial services partner, Bank of Ireland UK, further developing its place as a leading challenger to traditional high street mortgage lenders.
November gross mortgage lending up 30% on last year
There was an estimated £17 billion of gross mortgage lending in November, according to the Council of Mortgage Lenders. This was 4% lower than October's figure of £17.6 billion but 30% higher than the £13 billion lent in November last year.
West Brom’s new mortgage range to helps buyers with smaller deposits
The West Brom has launched a new two year fixed rate mortgage range targeted at first time buyers and those seeking to move up the property ladder.
Post Office shakes up the mortgage market with new market leading deals
Post Office has launched a range of new market leading mortgage deals, reinforcing its position as one of the most competitive providers in the market. All new mortgages are available to customers now.
UK’s largest selection of 95% LTV mortgages unveiled
Yorkshire Building Society Group has launched new 95% loan to value (LTV) mortgages to help people with small deposits and equity sums, with competitive rates starting from 4.59%.
The Cambridge reduces rates and launches new 3 year fixed rate
The Cambridge Building Society has announced that it is reducing rates on three of its current mortgage products in its residential range and that it is launching a new three year fixed rate product for intermediaries.
Gross mortgage lending shows strongest performance in five years
The Council of Mortgage Lenders estimates that total gross mortgage lending increased to £17.6 billion in October, representing a rise of 9% from £16.2 billion in September and 37% higher than the total of £12.9 billion in October last year.
Almost two thirds of first time buyers receive help in saving a deposit
The Bank of Mum and Dad still has an important role to play for First Time Buyers, with almost two thirds receiving help in saving a deposit for their first property, according to research from Clydesdale and Yorkshire Banks.