Mortgages
John Charcol responds to results of FSA sub-prime project
Ray Boulger, Senior Technical Manager at leading independent mortgage adviser John Charcol, comments on the results of the FSA investigation published today: “When the FSA launched their investigation into the sub-prime mortgage market in 2005, there was concern across the industry that it could uncover widespread mis-selling.
GMAC-RFC announces portfolio sale to Britannia Treasury Services
GMAC-RFC today announces its fourteenth portfolio sale to Britannia Treasury Services.
Learn to earn from the property market
The Money Centre’s free buy-to-let workshop visits the west of London on Wednesday 20th June.
A&L introduces new “thank you’s” for mortgage customers
All customers taking out an Alliance & Leicester mortgage in July will be eligible for a regular savings account paying 15% pa gross/AER.
NYM and GMAC-RFC re-affirm mutual commitment
North Yorkshire Mortgages (NYM) has purchased a further £300 million portfolio of mortgage assets from GMAC-RFC, the latest in a series of acquisitions made by NYM in recent years.
Apathy could cost Britons dearly
Just over two in every five (43 per cent) of Britain's homeowners do not compare all mortgages before taking one out, despite saying low interest rates are the most important factor when choosing a deal.
Yorkshire Building Society launches Mortgage+
Yorkshire Building Society has introduced Mortgage+, a no deposit mortgage that allows an extra 15% above the property value to be borrowed.
First time buyers keep spending deposit
First time buyers are struggling to raise the deposit for their first home because they can’t stop spending it according to mortgage provider Abbey.
Standard Life Bank revamps buy-to-let range
Standard Life Bank has announced new enhancements to its Freestyle buy-to-let mortgage range.
The Mortgage Works reviews buy to let and self cert ranges
Following recent increases in swap rates, The Mortgage Works (TMW) has reviewed its buy to let and self cert product ranges.
Summer is busiest time of year for homemovers
More people move house in the summer than any other time of year. Last summer over 210,000 borrowers moved to a new home. This compares to only 152,000 moving between January and March.
Cut early redemption charges for customers in arrears
Specialist mortgage broker The Mortgage Lender is urging lenders to drop early redemption charges (ERCs) for customers in arrears in a bid to cut repossessions - and to slash the £650m cost to the industry.
UK mortgage lending up in May
May’s gross mortgage lending of £19.7bn was 8% more than in May 2006, according to the British Bankers’ Association (BBA). Though the highest level of new business since November, partly reflecting strong re-mortgaging activity, it follows the usual yearly pattern of stronger lending going into the summer months.
New ERC free credit impaired range from Godiva
On Friday 29 June, Godiva Mortgages, the specialist lending subsidiary of Coventry Building Society, is launching a range of new credit impaired mortgages without ERCs.
Lose pounds with skinny end dates, literally
Charcol.co.uk has found that mortgages with a “Skinny End Date” can potentially cost a borrower with a £200,000 mortgage £968 by not being on the longest deal available.