Mortgages
Increase in approved mortgage applications despite interest rate hikes
Whilst the Bank of England has once again voted to raise the official Bank Rate by 0.25 points to a whopping 5.5%, independent mortgage specialists Andrews’ insist the market is still thriving.
Borrowers must act to avoid mortgage payment shock
Thursday’s rate rise, the fourth jump since August, means yet another jump in payments for borrowers with variable rate mortgages, says London & Country Mortgages (L&C).
Buy-to-let takes prime market position
Prime buy-to-let mortgages now make up 21% of financial advisers’ business – nearly double the 11% of the mortgage market that CML H2 2006 figures showed.
Brits spend £54,400 moving home in a lifetime
The average Briton moves home between 3 or 4 times in a lifetime, according to research from Abbey Mortgages.
Giraffe launch carbon offset mortgages
Giraffe is delighted to announce the launch of its new Carbon Offset mortgages.
Nationwide increases mortgage rates
Nationwide Building Society has announced an increase in rates on its range of fixed rate and tracker mortgages.
Mortgage Express launches new fixed rate mortgage products
Mortgage Express has launched a number of market-leading fixed rate products across its specialist lending range.
UCB Home Loans enhances exclusive criteria
UCB Home Loans, the specialist intermediary lender of Nationwide, has made a number of criteria enhancements to its current range of exclusive products, with immediate effect.
Nationwide to increase mortgage rates
Nationwide Building Society has announced that it will increase its Base Mortgage Rate (BMR) from 1 June 2007.
GMAC-RFC implements redemption swap as BBR goes up
The base rate rise has at least brought good news for some GMAC RFC borrowers, since their cost to redeem has reduced by a similar amount.
Longer-term fixes expand choice from Skipton
In addition to its new range of 2, 3 and 5 year fixed rate products launched last week, Skipton Building Society today re-launched its 7 and 10 year fixed rate mortgages with a choice of fees and rates starting from as low as .49%.
Abbey changes variable tracker rates
Following the increase in the Bank of England's base rate from 5.25 per cent to 5.50 per cent, Abbey's variable tracker rate mortgages, which automatically follow changes in the base rate, will increase by 0.25 per cent.
HSBC bucks the trend
Julia Harris, Mortgage Analyst at Moneyfacts.co.uk, comments: “As house prices continue to spiral, and homeownership becomes out of reach for many, lenders creativity in designing products to assist with that first step on the housing ladder must be applauded.
New specialist mortgage deals from Alliance & Leicester
Alliance & Leicester is enhancing its range of specialist mortgages. The new range is available from today and includes:
Is your mortgage deal really the best?
Britannia Building Society is challenging borrowers to save thousands of pounds by analysing the true cost of their mortgage.