Mortgages
Yorkshire Building Society launches range of no fees mortgages
Yorkshire Building Society staff are learning to say “No!” about their new range of ‘No Fees’ mortgages.
Average portfolio gearing continues to decline
Almost two thirds of buy-to-let investors have borrowings of less than half their investment portfolio, according to the most recent research by Paragon Mortgages.
Mortgage product changes you need to know about
This week 11 lenders have increased their fixed rate mortgages by up to 0.30%. Kent Reliance BS & Alliance & Leicester and Skipton BS have withdrawn some of their fixed rate products.
Strong growth predicted for buy-to-let market
Mortgage brokers report that 2006 brought a 19% increase in the proportion of their buy-to-let business, according to Mortgage Trust.
Platform reduces fixed rates across range
Platform, the intermediary lender of Britannia, will launch on Monday 23rd April a significant reprice of fixed rates across its entire product range. In a move designed to increase its market share within the specialist lending sector in 2007, Platform has reduced rates by as much as 0.75%.
Discounted rates for energy efficient home improvements
Yorkshire Building Society will launch its first Home Energy Efficiency mortgage for existing customers on Thursday 19th April 2007.
Fixed rate mortgages set to rise
News that inflation in March rose to 3.1% has made a further rise in the Bank Base Rate look like a near certainty, says London & Country Mortgages (L&C).
Abbey launches no upfront costs mortgages for home movers
Abbey Mortgages has launched a new range of products with no upfront costs designed for people moving home. The range is the only one of its kind in the market to remove all upfront costs - including typical legal fees associated with the sale and purchase of a new property including land registry on homes up to £500,000 - as well as mortgage valuation and booking fees.
Charcol launches rent a room mortgage
With concern growing over the state of the first time buyer market and the amount of money new homeowners are prepared to borrow, John Charcol has launched a new rent-a-room mortgage to help consumers get more safely onto the property ladder.
Standard Life announces new Freestyle mortgage rates
Standard Life Bank has announced highly-competitive rates across a range of its Freestyle flexible mortgage products.
Capped, CAT and extended tie in – mortgages that have lost their appeal
Julia Harris, mortgage analyst at Moneyfacts.co.uk, comments: “As house prices continue to rise and buyers struggle to climb on to the housing ladder, the mortgage market has needed to become very dynamic. Today there are over 10,000 prime and sub prime mortgages available, with a multitude of variations in lending criteria and deal types. As a consequence some mortgage products have gone out of vogue.
GMAC-RFC’S on-line mortgage system now even faster and easier to use
GMAC-RFC, the pioneer of instant on-line mortgage offers, has revealed that it has made its on-line system even faster and easier to use.
Interest rate rises hit home for mortgage applicants
More than 460,000 applicants have been turned down by mortgage firms in the past six months as Bank of England interest rate rises hit home, new research by MoneyExpert.com shows.
Santander Totta introduces flexible mortgage for Portuguese property
Portuguese mortgage provider for non-residents, Santander Totta, is introducing the first flexible loan enabling buyers to defer 30 per cent of the payment on their Portuguese land or property until maturity. This is the first product in the market, which allows part of the purchase price to be paid at the end of the term.
If you see a Giraffe – grab it!
Monday 16 April sees the Northern Ireland launch of Giraffe, the online mortgage proposition from Bank of Ireland.