Mortgages
Payment holidays on the rise as homeowners seek mortgage respite
Banks and building societies have increased the number of mortgage deals that include a payment holiday facility to allow struggling customers to relieve the financial burden of repayments, according to analysis by MoneyExpert.com.
First-time buyers opt for fixed-deals as threat of interest rate rise looms
The prospect of higher interest rates has led a record number of first-time buyers to opt for a fixed-rate loan, according to data from the Council of Mortgage Lenders' monthly survey.
Stub it out and pay the mortgage off 8 years earlier
With National No Smoking Day on Wednesday 14th March, UK mortgage broker, charcolonline.co.uk, has revealed that people who are considering giving up smoking could use the money to save thousands on their mortgage.
GMAC-RFC slashes rates on direct fixed rate mortgage products
GMAC-RFC have today announced a major review of their GMAC-RFC direct fixed rate products, by slashing their rates between 10 and 31 basis points on their mainstream and self certification products ranges.
Skipton launches new base rate tracker capped mortgages
Borrowers unsure what the future holds for the UK’s interest rates can benefit from the two new capped rate mortgages, launched by Skipton Building Society.
N&P reduce rates on 10 year fixed rate mortgages
Norwich and Peterborough Building Society (N&P) is reducing the rates on two of its 10 year fixed rate mortgages, taking one to an anticipated “best buy” of just 5.31%.
Buy-to-let: March of the high loan-to-values
A growing number of buy-to-let lenders are springing into action this year with the launch of products available to a maximum 90% loan to value, says Moneyfacts.co.uk.
Green mortgages that don’t cost the earth
The Co-operative Bank is launching a range of new fixed rate mortgages, which offer both excellent value to all borrowers and peace of mind that they are making a positive contribution to the environment.
Alliance & Leicester enhances range of specialist mortgages
Alliance & Leicester is enhancing its range of specialist mortgages, the new specialist mortgage range is available from Wednesday 7 March and includes:
Exit fees are not the end of mortgage charges
Mortgage exit fees may be on the way out as a major problem but borrowers still need to focus on fees. Analysis by MoneyExpert.com shows you could still be hit with up to seven different types of charge relating to your mortgage.
Skipton announces mortgage exit fee
Following the FSA’s statement in January regarding mortgage exit administration fees (MEAFs), and the subsequent review of the actual cost of its MEAF, Skipton Building Society will introduce a new fee of £125 from 1 April 2007 (from the previous fee of £175).
Exit fee deadline day for lenders
Today marks the deadline, set by the FSA, for providers to announce their decision regarding mortgage exit fees.
Alliance & Leicester - new mortgage deals
Alliance & Leicester is launching a new range of mortgages, which are available from Wednesday 28 February and include:
N&P launches long term fixes
Norwich and Peterborough Building Society (N& P) is launching two new longer-term mortgages on 2nd March for customers wishing to fix their rate for 15 or 20 years.
Exit Fees – deadline for lender decisions 28th February
A day ahead of the deadline set by the Financial Services Authority (FSA) for mortgage lenders to decide what course of action they intend to adopt regarding the terms of their exit fees, Ray Boulger, Senior technical manager at independent mortgage broker John Charcol comments,