Mortgages
Property repossessions up 18%
At 14,000, the number of properties taken into possession in the first six months of the year rose by nearly 18% compared with the previous half-year, and nearly 30% compared with the first half of 2006, according to figures from the Council of Mortgage Lenders (CML).
Leeds Building Society launches new 10 year fixed mortgage
Leeds Building Society has launched a 10-year fixed rate mortgage at only 5.89%.
MoneyExpert.com: Halifax’s new 25 year fixed rate mortgage
Sean Gardner, Chief Executive of MoneyExpert.com, said: “At first glance the option of a 25 year mortgage might seem attractive. Interest rates are rocketing and the cost of living is increasing, making money tighter than it has been for years. So you might be forgiven for thinking that Halifax is offering you a quarter of a century of peace of mind.
Base rate held at 5.75% but borrowers must remain vigilant
Borrowers must remain vigilant despite today’s decision by the Bank of England’s Monetary Policy Committee to hold the Base Rate at 5.75%.
Yorkshire Building Society changes to mortgage fee structure
Yorkshire Building Society will no longer charge new customers a Mortgage Exit Administration Fee (MEAF).
Skipton’s capped rate mortgages provide security from rising rates
In the current climate of rising rates, Skipton Building Society’s new capped rate mortgages offer borrowers the security of knowing their maximum monthly repayments alongside the benefit of any reductions in the Bank of England’s base rate.
Halifax reduces mortgage rates
Julia Harris, Mortgage Expert at Moneyfacts.co.uk, comments: “In almost of year of rising fees and rates, it’s been a long time since we have seen a reduction in fixed rate mortgages. With swap rates falling slightly over the last few weeks, it’s good news to see Halifax leading the way by making reductions to some of its fixed rate range.
Halifax launches new 25 year fixed rate mortgage
Halifax, UK mortgage lender, today announces the launch of a new 25 Year Fixed Mortgage at a rate of 6.39 per cent.
Fixed mortgage get-out charges average over £6,000
Homeowners stuck on uncompetitive fixed-rate mortgages will have to fork out an average £6,370 to get out of their current deal, according to new analysis from MoneyExpert.com.
Kensington bucks the trend with market leading fixed rates
Kensington is bucking the market trend by reducing its Near Prime fixed rate deals in a summer promotion that clearly signals its more aggressive intentions under new parentage.
Time’s up on excessive exit fees
The deadline has now passed for mortgage lenders to decide what they are going to do about their exit fee to meet the Financial Service Authority’s (FSA) requirements.
FSA: Mortgage exit administration fees (MEAFs)
The Financial Services Authority (FSA) today updated on how mortgage lenders have responded to concerns that mortgage exit administration fees (MEAFs) have been increased unfairly.
Mortgage brokers fined for management failings on advice
The Financial Services Authority (FSA) has taken action against three mortgage brokers for management failings discovered during its work last year on the quality of mortgage advice processes within firms.
New competitive mortgage rates from UCB home loans
Specialist intermediary lender, UCB Home Loans, is decreasing rates on its entire adverse range and selected very near prime products, with effect from 1 August.
Coventry to launch new fix and track mortgage
A new highly competitive ‘fix and track’ mortgage product is being launched by Coventry Building Society on Friday 3 August.