Mortgages
Buy to let can still prove successful with the right approach
Lee Tillcock, Editor Business Moneyfacts comments: “The recent base rate rises have seen concerns raised over the continuing sustainability and profitability of the buy-to-let (BTL) sector. It is worth remembering that rates are still close to historic lows and that the buy-to-let market still offers a sound long term investment.
Portman gives more to first time buyers with 100% mortgage range
Portman Building Society is launching a number of new products to boost its 100% mortgage offering.
Paragon Group comments on CML buy-to-let figures
Nigel Terrington, Chief Executive Officer of Paragon Group commented on today’s CML buy-to-let figures: “The strong growth in the buy-to-let market and the excellent credit performance of buy-to-let loans are testament to the strength of demand for private rented property.
Portman launches new fixed rate mortgages
Portman Building Society is launching three new highly competitive fixed rate products, which will be available from Wednesday 14 February 2007.
The latest picture of the UK’s Buy-to-Let market
A fifth of those planning to buy a home in 2007 will purchase their property as an investment, according to new research by Birmingham Midshires.
Alliance & Leicester comments on CML Buy-to-Let figures
Mehrdad Yousefi, Head of Intermediary Mortgages at Alliance & Leicester: “Today’s CML figures on the spectacular growth of the buy-to-let market in 2006 reaffirms that it is now an established market.
Bradford & Bingley Group comments on CML’s Buy-To-Let figures
Record lending shows enormous confidence in the sector, says Gus Park, Bradford & Bingley Group’s head of buy-to-let.
Woolwich launches 'City Mortgage 3' as record bonuses are paid
Woolwich, which established itself as a leading provider of larger loans mortgages in 2006 is today launching ‘City Mortgage 3’ as people get their record bonus payouts.
Growth in buy-to-let faster than market as whole
330,000 buy-to-let mortgages, worth a total of £38.4 billion, were taken out in 2006, according to figures released by the Council of Mortgage Lenders.
UCB Home Loans enhances buy-to-let rental cover calculation
UCB Home Loans has announced that it will be enhancing its buy-to-let rental cover calculation, with effect from 22 February.
Coventry launches discounted rate mortgage deal
On Thursday 15 February, an extremely competitive 4.89% discounted rate mortgage will be launched by Coventry Building Society.
Highest December mortgage lending on record
Gross mortgage lending in December fell 14% from November's all-time high of £33.2 billion to £28.6 billion, but was still the highest December figure on record, according to new data published today by the Council of Mortgage Lenders.
Mates mortgages
With interest rates predicted to rise further, and house prices still increasing, first time buyers may look at buying a home with a group of friends as an alternative and affordable way to get themselves onto the property ladder.
Woolwich launches first ever 'track and cap' mortgage
With base rates reaching 5.25 per cent and expectations that they will go higher still, Woolwich is launching the UK’s first lifetime tracker (base + 0.23 per cent) with the optional protection of a ‘cap’ at 5.99 per cent for the first two years of the mortgage.
Households with mortgages cut back on unsecured borrowing
Borrowing trends are diverging sharply in Britain, according to the latest Borrowing Monitor from Alliance & Leicester.