Mortgages
Interest rates may be up, but savings on mortgages are also up
Moneyextra.com’s latest quarterly review of financial services highlights the savings available just by making the right financial decisions.
Giraffe's new capped rate gives customers the best of both worlds
Giraffe Money has announced the launch of its new two year capped rate mortgage, designed to give customers the best of both worlds.
Strong growth in offset mortgages
New research published by the Council of Mortgage Lenders has revealed strong growth in the number of people opting for an offset mortgage.
HSBC lowers the cost of shopping for a Spanish mortgage
HSBC customers who are looking to buy a property in Spain can now take advantage of preferential terms on Spanish mortgages and banking services via HSBC’s exclusive Spanish partner, Solbank – Spain’s multilingual bank.
Homeowners could save over £29bn interest
Four million homeowners across the UK could collectively save over £29bn in interest and income tax – an average of over £11,000 per household – if they switched their mortgage, savings and current accounts to an offset mortgage.
It’s business as usual for GMAC-RFC during postal strikes
Following the Royal Mail’s Communication Workers Union announcement to strike on Friday 29th June, GMAC-RFC has stated that due to its advanced technology, “It’s business as usual”.
Platform extends online application facility
Platform, the intermediary lender of Britannia, is delighted to announce that its online mortgage application facility ‘clickapplication’ now allows intermediaries to submit applications via packagers as well as the ability to submit business directly to Platform.
Fixed rate mortgages are going, going, gone
Borrowers are being urged to act now to secure a fixed rate mortgage before the base rate rises again.
The forgotten mortgage fee
Julia Harris, mortgage analyst at Moneyfacts.co.uk, comments: “As we move away from a totally rate driven mortgage market, much focus has been placed on total cost, inclusive of rising arrangement and exit fees.
Nationwide updates rates on fixed rate and tracker mortgages
Nationwide Building Society today announces an increase in rates on some of its fixed rate and tracker mortgages.
Woolwich launch buy to let 'fix and track' mortgage
Woolwich, which launched a short term fix and track on its residential range at the beginning of June, is introducing this innovative approach on its buy to let range from today to get around the short term hike in swap rates.
Interest only mortgages increase market share
Since 1996 we have seen the demise of endowment mortgages as people lost confidence that their policy would generate sufficient funds to repay the original loan.
Britons are borrowing more against their homes
Despite four base rate rises since last August and the prospect of at least one more to come, the average remortgage is now £122,541, up 7.19% on year ago levels, according to Moneyextra.com.
Abbey announces new fixed mortgage rates
Abbey has announced new rates on a number of its fixed rate mortgages. These mortgages are available from Wednesday 20 June 2007.
UK mortgage lending remains strong but shows signs of easing
Gross lending reached a new May record of £30.6 billion according to data from the Council of Mortgage Lenders (CML).