Mortgages
Homeowners look to offset the shock of higher rates
Yorkshire and sister bank Clydesdale have seen the popularity of offset mortgages grow by a third since the Bank of England began increasing interest rates in August last year.
Demand for equity release increases but concerns over access to advice
Consumer demand for equity release was at a peak in 2006 according to research from Safe Homes Income Plans (SHIP), the trade body representing more than 90% of the equity release sector.
Abbey increases mortgage rate
Following the increase in the Bank of England Base Rate, Abbey's standard variable mortgage rate (SVR) will increase by 0.25 per cent from 7.09 per cent to 7.34 per cent.
One week on and the base rate shock continues
One week on from the shock base rate rise to 5.25%, Lisa Taylor analyst at moneyfacts.co.uk comments on the changes seen so far in the mortgage and savings markets.
Lower growth in net mortgage lending and continued weak consumer credit
Total sterling lending to the UK private sector showed a net underlying increase of £4.0bn (+0.3%) to £1,266bn, according to latest figures from the Major British Banking Groups, for December 2006. This was the weakest monthly rise in lending for over a year and compares with an underlying rise of £15.2bn in November and an average of £12.4bn over the previous six months.
Chelsea makes amends to its fixed rates
Following on from the recent changes to the Bank of England Base Rate, Chelsea Building Society today announces changes to its fixed rate mortgage products.
CML reacts to reports on European mortgage markets
The Council of Mortgage Lenders has responded to the European Commission's publication yesterday of two working group reports on mortgage funding and consumer protection in European mortgage markets.
December mortgage lending rounds off a record-breaking 2006
Gross lending hit a new December record of £29.4 billion, according to the latest data from the Council of Mortgage Lenders.
Good fixed rate deals disappearing – caution for borrowers looking to switch
Grabbing at a fixed rate deal to escape the threat of further rate rises could be a false economy, warns broker My Mortgage Direct.
Don’t be panicked into re-mortgaging – do sums before switching lender
Mortgage borrowers should not be panicked into switching their home loans because of the recent base rate rise, advises online financial comparison analyst Moneynet.co.uk.
Britannia's fixed rates remain in place
In light of the Bank of England Base Rate increase, Britannia has pledged not to pull any of its fixed rate products - unlike other lenders.
The best fixed rates are going, going, gone says John Charcol
Many mortgage lenders have this week pulled their fixed rates and re-priced at a higher rate. Most other lenders have released rate withdrawal notices on their existing ranges, warning that funds are unlikely to last beyond the end of this week.
Leeds Building Society ‘delighted with lending in Ireland’
Leeds Building Society entered the Irish market in September last year, following its successful Euro mortgage launch on the Spanish mainland in October 2005.
Halifax launches its lowest ever stepped fixed rate products
Halifax has announced the launch of a range of 'low start' stepped fixed rate mortgages.
Focus on 10 year fixed rate mortgages
A huge rush over the weekend of 13/14 January has led to fixed rate mortgages being in short supply, with funding being exhausted by the demand.