Mortgages
Spanish homes needn’t costa packet!
As winter draws on in the UK, Norwich and Peterborough Building Society (N&P) is helping people to live the dream of buying a home in the sun – with three new mortgage options!
Yorkshire Building Society launches new range of fixed rate mortgages
Yorkshire Building Society is launching a new range of fixed rate mortgages from Friday 15th December.
Portman launches new two year fixed rate mortgage deal
Portman Building Society is adding a new market leading product to its extensive fixed rate mortgage range with effect from Thursday 14 December 2006.
Woolwich launches new City Mortgage
The Woolwich which pioneered the ‘City Mortgage’ in October with its ‘buy now offset your bonus when you get it’ deal, is this week launching a new product for the larger loans market (over £500,000) as bonuses start to become reality rather than a future hope.
John Charcol comments on FSA report on interest only mortgages
Ray Boulger, senior technical manager at John Charcol, comments on report by the FSA on interest only mortgages:
Coventry Building Society improves interest rates on mortgage range
Coventry Building Society has improved the interest rates on its highly competitive MOREgage product range.
Lenders buck the trend with new fixed rates
This week sees the launch of two new fixed rate mortgage deals that buck the recent trend of rising rates.
Consumers with interest-only mortgages need to have robust repayment plans
Consumers taking out interest-only mortgages generally have a reasonable understanding of the risks involved but a significant minority do not have a robust repayment strategy in place, the Financial Services Authority (FSA) said in a report today.
More borrowers opting for interest only mortgages
According to a bi-annual report by Paragon Mortgages, the number of people taking out interest only mortgages has seen a steady rise over the last five years, from less than 10% of cases in 2001 to over 25% now. In fact the proportion has grown from 20% to 25% since 2005.
Fool.co.uk comments on reclaiming unlawful bank charges
Ahead of the BBC’s programme on penalty charges, The Motley Fool actively supports customers reclaiming unlawful default charges from their banks, but also urges them to consider the long-term implications.
Pay off your mortgage more than 6 years early – now that’s a bonus
This year, it certainly seems that what an increasing number of people want for Christmas is less debt. Compared to a survey conducted last year, where 18% had used their Christmas bonus to pay off debt, this year 26% of people surveyed who received a bonus intended to use their bonus to reduce the amount they owe.
Fixed-rates bounce back in October
New data released by the Council of Mortgage Lenders reveals a strong bounce back in the take-up of fixed-rate lending in October - rising to 124,100 loans, from 109,100 in September.
Offset your savings with Britannia
As people indulge in Christmas spending, Britannia is helping people to save by knocking thousands of pounds off their mortgage.
Endowment claims – consumers get better deal by going direct
A report from the Financial Services Authority has highlighted insurers’ success in improving customer service standards when dealing with mortgage endowment complaints.
Endowments: better outcomes for consumers but no room for complacency
Consumers are getting better outcomes in the way their mortgage endowment complaints are handled, according to a report by the Financial Services Authority (FSA).