Mortgages
Buy to let lenders scrap rent to interest cover for mortgages
Buy to let mortgage lenders are beginning to make significant changes to their lending criteria by scrapping the rent to interest cover calculation when the investor is prepared to put down a larger deposit according to Mortgages for Business, specialist UK buy to let mortgage broker.
Off set your offspring's student loan with a student home
The average student runs up debts of nearly £14,000 during their three years at university which can take up to 11 years to clear. This debt not only hinders their financial start in life but also impacts their ability to get on to the property ladder.
Student buy-to-let – worth a look?
Lee Tillcock, Head of Business Moneyfacts at Moneyfacts.co.uk, comments: “The cost of university education is rising year on year, and is becoming a real concern for both students and parents. One of the biggest costs is living accommodation, but one solution, which parents could opt for, is to invest in a buy-to-let property for their child.
Coventry Building Society cuts fixed rates
On Thursday 16 August, the Coventry Building Society will cut the rates on its fixed offset and residential mortgages:-
Question of school fees to pay?
Parents of pupils starting secondary school this autumn could pay as much as £140,952 for their secondary school career.
Inflation bolt from the blue no reason to hang out bunting
Borrowers shouldn’t become complacent following today’s shock announcement of a sharp drop in inflation.
Mortgage Express named UK's largest buy-to-let lender
Mortgage Express tops new lending table as well as being number one for outstanding balances.
New tracker mortgages from Yorkshire Building Society
Yorkshire Building Society has launched a new range of tracker mortgages, including two capped trackers starting at 5.99% for three years.
Bank of Scotland reduces rates on selected buy-to-let products
Bank of Scotland Mortgages has reduced rates on selected buy-to-let products offering intermediaries and their clients very competitive deals.
Buy-to-let sector remains buoyant
Borrowers took out 171,800 new buy-to-let mortgages, worth £21.2 billion, in the first half of 2007, according to data from the Council of Mortgage Lenders (CML).
First-time buyer numbers fall as affordability constraints bite
New data for June has revealed a fall in the number of first-time buyers, according to the Council of Mortgage Lenders.
L&G launches exclusive buy-to-let fixed rate mortgage
Legal & General Mortgage Club is launching a new exclusive three year buy-to-let fixed rate mortgage funded by Platform, the intermediary lender of Britannia.
First-time buyers turn to friends and family for mortgage advice
First-time buyers rely more on family and friends than mortgage brokers for advice on mortgages, according to new research from Abbey. The findings reveal that 23 per cent of first-time buyers used their relatives and friends as a primary source of information compared to 13 per cent who relied on mortgage brokers.
Consumer confidence prompts increase in variable mortgages
Despite the base rate rising for the fifth time in a year to 5.75% in July, the percentage of borrowers opting for variable mortgages increased by 50%, demonstrating a growing belief that interest rates have peaked and house price growth will level off in the second half of the year.
N&P launches new 25 year fixed rate mortgage
Norwich and Peterborough Building Society (N&P) has announced the launch of a new 25 year fixed rate mortgage to join its 10,15 and 20 year products which are already available.