Mortgages
One in five lenders won’t allow interest-only mortgages
One in five lenders won’t allow customers to opt for interest-only residential mortgages as concern mounts about borrowers being unable to repay their loans, research from MoneyExpert.com shows.
Bristol & West launch first time buyer professional mortgage range
Bristol & West Mortgages is delighted to announce the launch of a new professional mortgage range, available to first time buyers who are qualified and practising in a specified profession.
Leeds Building Society launches new self-cert fixed rate mortgage
Leeds Building Society has launched a new self-cert 3-year fixed rate mortgage at only 5.79%. The product has no higher lending charge, is available up to 80% loan to valuation and allows 10% capital repayments each year without penalty.
Tread carefully with low rate high fee mortgage combination
Julia Harris, mortgage analyst at moneyfacts.co.uk, comments: “During the last month we have witnessed the continuing trend for lenders to launch low rate high fee mortgages. But as fees rocket skywards, is there still a place in the market for low rate high fee products? And who benefits from these deals?
February mortgage lending highest on record
Gross mortgage lending had its highest February ever at £24.6 billion according to the Council of Mortgage Lenders.
UCB Home Loans enters adverse mortgage market
Specialist intermediary lender UCB Home Loans has today announced its expansion into the adverse mortgage market, effective from 22 March 2007.
Mortgage brokers back increase in stamp duty exclusion band
With the Chancellor announcing his Budget this week, mortgage brokers up and down the country would like to see an increase in the stamp duty exclusion band in line with the average national house price, according to research by GE Money Home Lending. The rise, if it were implemented, would take the exclusion band from £125,000 to just over £200,000 - an increase of more than £75,000 – and would save a buyer over £2,000.
Mortgage Talk - Mortgage of the week
National independent mortgage broker Mortgage Talk highlights a selection of the week's mortgage deals.
The ‘fee’ that puts a year and half between you and your mortgage
Homebuyers who add increasingly high mortgage application charges to their total debt risk taking as long as 17 months just to clear the application fee.
Scottish Widows Bank renovate Buy-To-Let Mortgage
Scottish Widows Bank has announced a number of enhancements to its Buy-to-Let Mortgage including, increased borrowing limits, improved underwriting and reduced rates.
Mortgage application fees nearly double in three years
Mortgage application fees have nearly doubled since 2004 according to Find.co.uk.
Bank of Ireland Mortgages launch professional buy to let
Bank of Ireland Mortgages (BIM) is expanding into the Professional Buy to Let (BTL) mortgage market.
Mortgage fixed rates start to fall
Denise Blake, mortgage analyst at Moneyfacts.co.uk, comments: “Following the shock base rate rise in January, fixed rate mortgages flew off the shelves as consumers rushed to get their hands on existing fixed rate deals before they were pulled. But with base rate remaining unchanged now for the last two months, some level of stability has returned.
Britannia launches new range of fixed rate mortgages
Britannia is launching a range of three and five-year fixed rate mortgages which include highly competitive rates of 5.24 percent and 5.34 percent.
Woolwich launches new fixed and tracker mortgage deals
A tracker mortgage, guaranteed to stay 0.18 per cent above the Bank of England base rate (current rate of 5.43 per cent) for life, with no arrangement and no redemption penalties, is today being launched by the Woolwich, together with a best buy 10 year fix at 5.28 per cent.