Mortgages
Young people and first time buyers concerned about interest rate rises
The continuing rise in interest rates has been an ongoing issue for many people in 2007. With the Bank of England expected to raise the rate again this week, a survey by Equifax, the leading instant online credit information provider has revealed that 57% of young people are concerned about the impact of the rate on their long term spending plans.
New offset tracker with no ERCs from the Coventry
A new highly competitive offset tracker mortgage is being launched by Coventry Building Society on Thursday 7 June.
Godiva launches fee free mortgage deals
Godiva Mortgages Limited, the specialist lending subsidiary of the Coventry, launches two new fee free mortgage products to its buy to let and self certification ranges.
New long term value mortgages from HSBC
HSBC has a new range of long term value mortgage offers available to both new and existing customers.
Woolwich launch 'fix and track' mortgage to beat interest rate volatility
Woolwich is launching a new mortgage that is aimed at helping borrowers beat the uncertainty of the current interest rate cycle.
The hidden higher lending charge
Julia Harris, mortgage analyst at Moneyfacts.co.uk, comments: “As more people are struggling to afford the substantial deposits required to take that first step on property ladder, it is commonplace for the mortgage advance to represent at least 90% of the property value for many first time buyers.
Skipton borrowers mix and match to hedge their bets
Borrowers uncertain about the fate of interest rates can now hedge their bets with Skipton Building Society’s new range of mortgages.
Chelsea increases Standard Variable Rate
Following on from the change in the Bank of England base rate on 10 May 2007 Chelsea Building Society announces a change to its Standard Variable Rate from 7.24% (typical APR 7.5% variable) to 7.49% (typical APR 7.8%) with effect from 1 June 2007.
Mortgage market stabilising states expert
In the light of today's Bank of England figures which show that new mortgage approvals in the UK fell to a 12-month low in April, Mortgage Talk Managing Director Andrew Frankish believes that recent interest rate rises are having a stabilising effect on the housing market.
RICS comment on Bank of England mortgage approval figures
Commenting on today’s mortgage lending numbers, David Stubbs, RICS senior economist said: "Activity in the housing market continues to subside. Housing affordability for first time buyers has been worsened by recent interest rate increases, and the prospect of further rises in coming months is sapping market sentiment.
The Money Centre’s first quarter success
In 2006, The Money Centre performed beyond their expectations and it looks like 2007 could be following suit.
Mortgage lending falls
The increase in total net lending to individuals in April (£9.4 billion) was lower than the increase in March and the previous six-month average, according to the Bank of England.
Homeowners on fixed rates risk £207 a month mortage rises
More than 2.3 million homeowners with fixed rate mortgages are risking increases in their monthly repayments of as much £207 a month if they don’t hunt down a more competitive deal, new research from MoneyExpert.com shows.
UCB Home Loans extends free valuation incentive
With effect from 1 June 2007, UCB Home Loans is extending its free valuation incentive across its entire product range, to include the recently launched adverse and full-status mortgage ranges (the incentive is currently only available on its Self-Cert and Buy-to-Let products).
Bad credit does not have to mean a higher mortgage rate
Having a poor credit rating does not always result in a higher mortgage rate according to research from London and Country Mortgages (L&C), fee-free mortgage broker.