Mortgages
The Cambridge overhauls Buy to Let range
The Cambridge Building Society has re-launched its Buy to Let mortgage range, reducing rates by up to 0.75% and cutting fees by up to £500.
100,000 FTBs have turned to ‘Bank of Mum and Dad’ since financial crisis
A new report written and researched by the Centre for Economics and Business Research (Cebr), on behalf of HSBC, reveals that the ‘bank of mum and dad' has helped to finance over 100,000 first time buyer (FTB) borrowers between 2008 and 2011.
Coventry Building Society refreshes Buy to Let range
Coventry Building Society has refreshed it's competitive range of BTL mortgages which includes a legal and valuation package for remortgages, as well as reducing rates on it's popular Flexx for term products by up to 0.24%.
Skipton lowers buy-to-let mortgage rates
Skipton Building Society is reducing the interest rates on a selection of its buy-to-let mortgages by 0.10%.
Nearly two million retirees cashing in on home to fund retirement
Over a quarter (28%) of working homeowners over 50 (1.9 million people) plan to access the equity in their home to help fund their retirement, according to retirement specialist LV=, dubbing them the HIPpies (home is pension) generation.
YBS cuts mortgage rates for those with smaller deposits
Yorkshire Building Society is continuing its commitment to offering competitive mortgage products for those with small deposits by reducing rates on 90% Loan To Value (LTV) mortgages by up to 0.25%.
Platform launches new mainstream products and reduces rates
Platform has enhanced its offering by launching a new range of residential mortgage products, including competitively priced two year and five year fixed rate deals across a broad range of LTVs, with rates now starting from 3.09%.
Leeds launches new 10-year fixed rate mortgage at 4.58%
Leeds Building Society has launched a market leading 10-Year Fixed Rate mortgage available up to 75% loan-to-value at only 4.58%.
Virgin Money to reduce selected mortgage rates
Virgin Money is reducing selected interest rates on its residential and buy to let mortgage range.
Mortgage hunters boosted with new best buy fixed rate
Mortgage hunters have been given a boost after Clydesdale and Yorkshire Banks announced market leading rates.
Santander cuts mortgage rates by up to 0.20%
Santander has reduced rates on a number of its key products for new business homebuyer and remortgage deals. It will also launch a new 3.19% 5yr fixed at 60% LTV for all homebuyers and remortgagers.
Gross mortgage lending stable in August
The Council of Mortgage Lenders estimates that gross mortgage lending in August was £12.6 billion. This is marginally lower (1%) than July's gross lending figure of £12.7 billion and a 4% fall from £13.1 billion in August 2011.
Halifax extends 7 year product to NewBuy at 95% LTV
Halifax Intermediaries is to extend its new 7 year no product fee mortgage deal to all NewBuy customers.
Lenders exposed to £116 billion in interest-only mortgages
Lenders are exposed to £116 billion worth of interest-only mortgages that are due to mature over the next eight years, for which the borrower has no specified repayment plan, according to new research.
Mortgages for Business launches Buy To Let app for iPhones
Mortgages for Business has launched Buy To Let, a free iPhone app for residential property investors who need instant access to buy to let mortgage rate information on the go. It is currently the only app that helps landlords find the latest buy to let products based on their specific financial circumstances and property requirements.