Mortgages
Demand for rental property continues to outpace supply
New tenant demand again outpaced supply of rental property in the three months to July, as many continued to turn to the lettings sector, says the latest RICS Residential Lettings Survey.
Barclays boosts its range of offset deals
Barclays is launching a new range of Woolwich Offset mortgages which includes a competitively priced two year Offset tracker at 2.38 per cent (base + 1.88 market).
Leeds reduces interest rate on Buy to Let 2 Year Discount
Leeds Building Society has reduced the rate on its 2 year discount Buy to Let deal from 4.29% to 3.99%, available up to 70% LTV.
Newcastle launches ‘Switch and Fix’ mortgage deal
Newcastle Building Society has launched an innovative new mortgage product that aims to support borrowers stuck debating between the comfort of a fixed rate mortgage deal and the lower rates associated with base rate tracker products.
Leeds reduces rates on 2 and 3 year fixed rates
Leeds Building Society has announced significant reductions on its 2 and 3 year fixed rate mortgage products.
Leeds offers market leading fixed rate buy to let deals
Leeds Building Society's new fixed rate buy to let range, available over 2 and 3 year periods, has had reductions in rate of up to 0.85% and now contains a number of market leading offers and a 2 year deal at under 4%.
Northern Rock offers Intermediary Exclusives
Northern Rock has launched a series of 2, 3 and 5 year fixed rate mortgage deals exclusively for brokers as part of its campaign to support the intermediary sector. The competitive deals are available for one week only.
Chelsea takes the 10 year fix below 4%
Chelsea Building Society is maintaining its reputation for the most competitive fixed rate mortgages on the market with more best buy rates for borrowers looking for a medium or longer term fix.
Coventry launches new 4 year fixed rate mortgage
Coventry Building Society is launching new fixed rate mortgages including a market leading 4 year fixed rate of 4.49% available up to 85% LTV;
More borrowers seeking mortgage advice for the first time
With mortgage intermediaries gaining greater accessibility to products, many of which are not available on the high street, more borrowers are seeking out professional advice for the first time, according to research by Kensington.
Northern Rock builds buy to let position with intermediaries
Northern Rock has seen a marked increase in the volume of new Buy to Let (BTL) business it has attracted following the success of its £750 cashback promotion, which ran for a limited period into the beginning of August.
Barclays cuts rates on fixed rate mortgages
In its eighth rate reduction in a row Barclays is making cuts of up to 0.41 percentage points to 60 per cent of its Woolwich fixed rate mortgage range.
Gross mortgage lending virtually unchanged in July
Gross mortgage lending in July was an estimated £12.6 billion, according to new data from the Council of Mortgage Lenders.
Northern Rock reduces mortgage rates by up to 0.90%
Northern Rock has reduced rates across its mortgage range by up to 0.90% and extended its £500 cashback incentive to include all Buy to Let (BTL) products with percentage fees.
Skipton launches 10-year fixed rate mortgage at 5.85%
Skipton Building Society is offering borrowers the chance to hedge their bets against potential future Bank Base Rate rises with a competitive new 10-year fixed rate mortgage.