Mortgages
First time buyer costs rocket in the South
First time buyers in the south of the country are continuing to pay significantly more than their northern counterparts just to get a foot on the housing ladder, according to Abbey Mortgages.
Lenders hit borrowers in arrears with punitive fees
Missing mortgage repayments and going into arrears could cost borrowers more than they think.
Godiva Mortgages updates mortgage portfolio
Godiva Mortgages, the specialist lending subsidiary of Coventry Building Society, is updating its mortgage portfolio to include buy to let flexx products without any early redemption charges.
Just Retirement cuts rate on roll up lifetime mortgage
Just Retirement, the retirement solutions specialist, announces that it has decreased the rate on its Roll Up Lifetime Mortgage from 6.49% to 6.39% - currently the lowest rate on the market.
Saga’s equity release service proves popular for divorcees
Figures from Saga’s Equity Release service have revealed that just under one in eight people (12%) opting for the service do so in order to fund a divorce settlement or buy-out an ex-partner.
first direct launches new competitive offset mortgages
first direct has launched two highly competitive two-year fixed rate offset mortgages priced at 5.59% (6.9% APR) and 5.99% (6.9% APR).
Applications to offer time reduced since POSO launch
One year on from the launch of the innovative system, GMAC-RFC marks the overwhelming success of POSO technology, which has revolutionised interaction between lenders and intermediaries and has seen applications to offer and applications to completion timescales reduced significantly.
Free mortgage sourcing system for intermediaries
eMoneyfacts.co.uk, which has undergone a major revamp and is now more than a credible alternative to the existing systems currently available to the broker market.
GMAC-RFC announces portfolio sale to Bradford and Bingley
GMAC-RFC today announces its largest ever portfolio sale in its five year trading history to Bradford and Bingley.
Mortgage rates cut at Yorkshire Building Society
Yorkshire Building Society is reducing the cost of all its fixed rate mortgages from Friday 31st August.
Borrowers urged to prepare for more interest-rate hikes
The Bank of England announced today that 115,000 loans for £17.2b were granted by lenders in July for house purchases.
Lloyds TSB launches mortgage deals to ease payment shock
After five consecutive Bank of England Base Rate rises, thousands of homeowners face higher mortgage payments as their fixed rate deals mature.
Double rate hike from High Street Home Loans
The fallout from the US sub prime mortgage crisis and subsequent difficult market conditions continues to impact lenders in the UK sub prime arena.
Mortgage lenders await bank rate decision
Katie Tucker of John Charcol comments, “Following a momentary increase on Friday, swap rates started to fall again on Wednesday, showing that the City is less convinced that the Bank rate will rise more than once again.
Platform makes adjustments to core product range
Platform, the intermediary lender of Britannia, has announced that it has introduced a number of adjustments to its core product range with immediate effect.