Mortgages
Has Nationwide got a crystal ball?
Commenting on the Nationwide’s 25-year new fixed rate mortgage, Louise Cuming, head of mortgages at price comparison website moneysupermarket.com, said:
Lender links up with global warming charities
UCB Home Loans today announced the formation of links with two major charities which focus on issues related to global warming.
Nationwide launches new tracker mortgage for home buyers
Nationwide Building Society has announced details of a new two year tracker mortgage for home buyers - available from 4.49% - one of the lowest rates on the market.
Mortgage approvals weaken in the face of rising costs and prices
February’s gross mortgage lending was £14.9bn, 7% more than the £14.0bn in February 2006. In line with seasonal patterns, February was well down on January’s £16.6bn, according to the British Bankers’ Association (BBA).
UCB Home Loans reduces self-cert and full status fixed rates
Specialist intermediary lender, UCB Home Loans, has announced a reduction of 0.15% on its range of residential self-cert and full status fixed rate mortgages, with effect from 29 March.
Two new lenders reinforce the ARLA buy to let group
The ARLA Group of Buy to Let mortgage lenders has been joined by Bank of Ireland Mortgages and Cheltenham and Gloucester. They join GMAC Residential Funding, Mortgage Express, NatWest and Paragon Mortgages.
First time buyers scrabbling for higher deposits
The first rung of the housing ladder is further out of reach, says Moneyextra.com.
Moneyfacts.co.uk: Nationwide BS 25 year fixed rate mortgage
Julia Harris, mortgage analyst at moneyfacts.co.uk, comments: “The new Nationwide 25-year fixed rate mortgage is competitive when compared with other long-term fixed rates, particularly for those with a 10% deposit. It comes with a fee of £599 (and a £200 discount for existing members), which is not out of line, especially when you take into account some of the four figure or percentage based fees that we are now seeing for short term deals.
Scarborough launches new 2-year fixed rate mortgage deal
With another potential Bank of England Base Rate hike on the horizon, Scarborough is offering borrowers the opportunity to fix for peace of mind – with a market-leading rate to boot.
GMAC-RFC first to turbo charge buy to let mortgages
GMAC-RFC breaks new boundaries with a new turbo-charged option across its buy to let range.
Abbey launches new fixed-rate mortgage deals
Abbey has announced the launch of a number of competitive new mortgage deals. These mortgages are available from 21 March 2007.
Nationwide launch 25 year fixed rate mortgage
Nationwide Building Society has announced the launch of an innovative new 25 year fixed rate mortgage. Benefits of the product include a low rate (from 5.49%), the security of fixed payments and flexibility – there are no early repayment changes after the first 10 years – making it an ideal choice for first time buyers or borrowers moving home who still have a term of at least 25 years.
Homeowners shaken by rate rises
Three interest-rate hikes within the space of six months have unsettled Britain’s homeowners. A study into mortgage products taken out through Fool.co.uk’s Mortgage Service, shows that homeowners believe more interest-rate rises are on the horizon.
Any time, any place mortgage advice
For many, online banking is the most convenient way to manage personal finances, removing the constraints of bank opening hours and saving the time and effort of having to call in to a branch to pay essential bills.
The greener the better
Norwich and Peterborough Building Society (N&P), which launched its first green mortgage in 1998, is delighted that other mortgage lenders are responding to the urgent need to change consumer behaviour and combat climate change by announcing that they will be introducing green mortgages.