Mortgages
HSBC responds to FSA mortgage exit fees announcement
Responding to today’s announcement from the FSA on mortgage exit administration fee increases, Rob Chesters, head of mortgages at HSBC said:
Moneyfacts.co.uk welcomes the FSA statement on MEAFs
Darren Cook, Head of Mortgages at Moneyfacts.co.uk comments: “This is good news for the consumer, and it certainly wasn’t right that you were expected to sign up to agree to pay an unknown fee at a future date.
Lenders to fall in line on exit fees
Commenting on the FSA’s mortgage exit fees announcement Louise Cuming, head of mortgages at moneysupermarket.com said: “Since the FSA called for more transparency on exit fees back in June, lenders have failed to respond. Indeed, the only real movement within the existing market to date has been to increase these charges.
HIPs and housing affordability top of the agenda for lenders
Housing affordability and the planned introduction of home information packs (HIPs) have been identified by Jon Pain as the main challenges for mortgage lenders during his second year as CML chairman.
Resilient mortgage market
December’s gross mortgage lending was £18.1bn, 7% more than the £16.9bn in December 2005. In line with seasonal patterns, this total was well down on November’s record of £21.4bn, according to British Bankers’ Association (BBA).
Mortgage lenders welcome FSA statement on MEAFs
The Council of Mortgage Lenders welcomes today's statement from the Financial Services Authority setting out its views on how it expects mortgage lenders to administer mortgage exit administration fees (MEAFs).
FSA statement on mortgage exit administration fee increases
The Financial Services Authority today set out its views on recent increases in mortgage exit administration fees (MEAFs), and how it expects mortgage lenders to address the issues raised.
Co-operative Bank announces changes to mortgage rates
Following the recent changes to the Bank of England Base Rate; The Co-operative Bank will increase its standard variable rate (SVR) to 7.24% with effect from 1 February 2007.
Changes to RBS mortgage rates as bank launches ‘Switch’ facility
The Royal Bank of Scotland today announced that its Standard Variable Mortgage Rate would increase by 0.30 per cent to 7.44 per cent.
NatWest moves its mortgage rates
NatWest today announced that its Standard Variable Mortgage Rate would increase by 0.30 per cent to 7.44 per cent.
Skipton relaunches fixed rate mortgage range
Skipton Building Society has relaunched its range of 2 year, 3 year, 5 year, 7 year and 10 year fixed rate mortgages with rates starting from as low as 5.34%.
Abbey announces new fixed-rate mortgage deals
Abbey has launched two new fixed-rate mortgages deals through its direct and intermediary channels.
New mortgage deals from Alliance & Leicester
Alliance & Leicester is launching a new range of prime mortgages, available from Tuesday 23 January.
Leeds launches channel to help customers with impaired credit
Leeds Building Society has launched a new lending channel that will specialise in meeting the needs of customers who currently find it difficult to arrange mortgage finance from main stream lenders, due to historic difficulties they may have encountered servicing loans.
Buy to let lending policy improved at the Coventry
Coventry Building Society has made significant improvements to its buy to let lending policy with immediate effect.