Mortgages
Fixed but flexible – new range of mortgages from the Coventry
The Coventry is launching a new range of residential and specialist mortgages designed to provide certainty and flexibility to customers.
Signs of mortgage demand weakening
March’s gross mortgage lending was £18.6bn, 5% more than £17.7bn in March 2006, according to the British Bankers’ Association (BBA).
Drawdown mortgages grow in popularity
The members of UK equity release industry body, SHIP (Safe Home Income Plans), that represents over 90% of the Equity Release sector, report record first quarter figures to 31 March 2007 which demonstrate a marked growth in the market.
Mortgage Talk - mortgage of the week
National independent mortgage broker Mortgage Talk highlights a selection of the week's mortgage deals.
Great news for Sunderland fans
Supporters of Sunderland AFC can now have a mortgage linked to the Club, thanks to a new deal from Britannia Building Society.
Higher interest rates undercut savings available on mortgages
Rising interest rates have seen mortgage lenders squeeze the best deals out of the housing market.
Woolwich reduces rate on 2 year fixed rate mortgage deal
In the face of increasing SWAP rates which are pushing fixed rate mortgage deals higher Woolwich has chosen to simplify its range which has allowed it in some cases to actually reduce the rates on its fixed rate deals.
New fixed mortgage rates from UCB Home Loans
Specialist intermediary lender, UCB Home Loans, is increasing interest rates on its Self-Certification Prime and Buy-to-Let Prime two, three and five year fixed rates and its Full-Status Prime two and three year fixed rates to reflect recent increases in the cost of fixed rate funding.
Leeds Building Society launches 3-year fixed rate buy to let mortgage
Leeds Building Society is today launching a new 3-year fixed rate buy-to-let mortgage product at only 5.75%, which is specifically designed to suit the needs of landlords looking for a competitive fixed rate and to protect themselves against any future rises in interest rates.
March property prices fall to their lowest for six months
Average property values prices fell in March to their lowest level since October last year. At £220,303, the average price is up just 4.8% on year-ago levels and is actually down 1.2% on February’s £222,923.
Leeds Building Society launches new 10 year fixed rate mortgage
Leeds Building Society has launched a 10-year fixed rate mortgage at only 5.54%. There is no higher lending charge, the product is available up to 90% loan to value and 10% capital repayments are allowed each year, without penalty.
Britannia launches new mortgage products
Britannia has launched the following mortgage products:
Rising inflation could push the base rate to 7.5 per cent
Commenting on news that rising inflation could push the Bank of England base rate to 7.5 per cent, Stuart Glendinning, managing director of moneysupermarket.com, said:
SVR mortgages make sense for some borrowers
Julia Harris, Mortgage Analyst at moneyfacts.co.uk, comments: “It is frequently reported that too many borrowers remain on a lender’s standard variable rate (SVR), paying over inflated rates of interest on their mortgage, but for some borrowers it may not be in their interests to switch.
Switch for free to Banco Halifax Hispania
Banco Halifax Hispania has launched a new 'switch and save' campaign, which will enable British expatriates with property in Spain to transfer their mortgage to Banco Halifax Hispania without paying any switching costs.