Mortgages
Record rents boost buy-to-let returns
Rental growth is at its highest ever level according to research by Paragon Mortgages.
Average mortgage payments increase 15 per cent
Average mortgage payments in England and Wales reached £590 in April 2007, an increase of £78 a month on the same month in 2006 (£512 in April 2006) or equivalent to 15 per cent rise in costs over the year, according to the latest Woolwich Mortgage Affordability Research.
Leeds Building Society launches new buy to let lifetime tracker
Leeds Building Society has launched a new buy-to-let lifetime tracker mortgage at only 6.24%.
You can still fix for under 5% - but it will cost you
Homeowners looking to fix their mortgage rates are facing an ever dwindling choice of competitive deals, according to new analysis by MoneyExpert.com.
Affordability worsens for first-time buyers
Higher interest rates are causing first-time buyers to spend more of their income on mortgage interest payments, according to the CML.
Millions of homeowners to refinance if rates increase
Millions of homeowners say they will be forced to remortgage if, as expected, rates increase next Thursday.
Leeds Building Society enhances First-Time-Buyer criteria
Leeds Building Society has improved its lending criteria by confirming that applications supported by guarantors will now be accepted on all its 100% mortgage products.
Nationwide end reservation fee discount for existing borrowers
Nationwide Building Society today announced the end of the increased reservation fee discount for existing borrowers.
GE Money Home Lending reduces rates on First National product range
GE Money Home Lending, one of the UK’s leading specialist lenders, is reducing the interest rates on over 60% of its First National products, including fixed and discount rate mortgages.
Britannia joins buy to let market
Britannia Building Society has entered the growing Buy to Let market with a range of new mortgages.
GE Money Home Lending and SMS Strengthen Partnership
GE Money Home Lending, one of the UK’s leading specialist lenders, has agreed a minority equity stake in Solent Mortgage Services (SMS), one of the longest established packagers in the UK. The transaction, which completed this month, reinforces GE Money Home Lending’s commitment to the wider packager market in the UK.
HSBC voted Britain’s best bank for mortgages
HSBC has for the sixth year running been recognised for giving better value to its mortgage customers in recent years than any other UK bank.
Sold out - borrowers display an appetite for long term fixes
Nationwide Building Society has announced the withdrawal of its 25 year fixed rate mortgage. The mortgage will be withdrawn from sale at close of business on Thursday 3 May 2007.
UK mortgage lending slows
The increase in total net lending to individuals in March (£10.8 billion) was lower than the increase in February but in line with the previous six-month average, according to figures from the Bank of England.
Skipton’s new fixed rate mortgages offer more choice
Skipton Building Society has launched an expanded range of 2 year, 3 year and 5 year fixed rate mortgages with a choice of fees and rates starting from as low as 4.99%.