Mortgages
IMS joins forces with Dutch mortgage broker Hypotienda
Spain’s largest non-resident mortgage broker, International Mortgage Solutions (IMS), has formalized an already close working relationship with Holland’s largest overseas mortgage broker, Hypotienda, by merging the two companies.
Spanish bank Banesto withdraws non-resident mortgage lending
Spanish bank Banesto, part of the Santander group, has recently taken the dramatic step to withdraw all of its own non-resident mortgage lending.
Co-operative Bank launches new 25 year fixed rate mortgage
The Co-operative Bank is launching a new market leading 25-year fixed rate mortgage.
Rate rise jitters
Interest rate movements are a serious concern for many each month, with 41% claiming they feel ‘worried’ or ‘extremely worried’ in anticipation of the Bank of England’s decision, according to ICM research commissioned by Intelligent Finance.
Woolwich launches new mortgage deals
A first time buyer mortgage fixed for two years at 6.29 per cent with no higher lending charge up to 95 per cent of the purchase price.
RICS: July BBA mortgage lending figures
Commenting on BBA mortgage lending figures, Oliver Gilmartin, RICS senior economist said: "With an 11 percent decline in housing loans, slower housing market activity will rein in house price growth into Christmas.
Mortgage demand holding up, consumer credit subdued
July’s gross mortgage lending of £21.3bn was 12% higher than last year, according to figures from the British Bankers’ Association (BBA). With annual house price inflation
Knock on affect of US sub-prime mortgage meltdown on UK market
Potential homeowners with bad credit histories are going to find it a lot harder to get a mortgage as a result of the sub prime mortgage crisis in the US, warn financial experts.
Astra launches new Basel - priced loans
Astra Mortgages from Norwich and Peterborough Building Society is launching a new range of risk-priced buy-to-let mortgage products, which take full advantage of the fact that N&P was the first to obtain the Basel ll waiver from the FSA.
L&G Mortgage Club launches fixed rate deals from Kensington
Legal & General Mortgage Club has launched an exclusive new range of fixed rate deals from Kensington.
Sub prime showing cracks
Julia Harris, mortgage expert at Moneyfacts.co.uk, comments: “While its a little too early, for the prime mortgage market to be affected by the stock market turmoil, the sub prime sector is beginning to show cracks.
Lloyds TSB launches new fixed rates
With effect from Thursday 23rd August, Lloyds TSB will be reducing the rate on an already competitive two-year fixed rate and launching a further three new products - a two-year and five-year fixed rate and a two-year tracker.
Overseas buyers should move quickly to secure low mortgage rates
Savills Private Finance (SPF) International, the overseas division of the national independent mortgage broker, warns those considering buying or remortgaging on the Continent to move quickly as rates are tipped to rise next month.
UCB Home Loans reduces fixed rates
UCB Home Loans, specialist intermediary lender, is reducing fixed rates across its range of prime self-certification and buy-to-let mortgages, with effect from today (23 August 2007).
Fixed rates fall but not as low as trackers
The mortgage wagon may finally have reached the top of the hill, Katie Tucker of John Charcol comments, “Finally some respite from the ever upwards storming of fixed rates is in view.