Mortgages
First time buyers back tougher mortgage rules
Three quarters (75 per cent) of first time buyers believe banks must lend responsibly despite the fact it will stop some people getting a mortgage, according to a new survey by Shelter.
Sail through interest rate uncertainty with first direct
After Spencer Dale, Executive Director and Chief Economist at the Bank of England, signalled this weekend that families should plan for interest rates to rise gradually over the next two years the fix or tracker mortgage debate has heated up once again.
Top five equity release myths revealed
New research from Safe Home Income Plans (SHIP) has found a lack of understanding of the mechanics of equity release among consumers.
Barclays cuts rate on Bovis Homes' 'Perfect 10' mortgage deal
Barclays, through its mortgage arm Woolwich, has slashed the rate on Bovis Homes' 'Perfect 10' mortgage package by 1.20 percentage points to 3.79 per cent to continue to be at the forefront in helping homebuyers get moving with affordable mortgages at 90 per cent loan to value.
Gross mortgage lending declines in April
Gross mortgage lending declined to an estimated £9.8 billion in April, down 14% from £11.4 billion in March and 5% from £10.3 billion in April 2010, according to data from the Council of Mortgage Lenders.
Average first time buyer deposit is 17 per cent
Deposits paid by first time buyers trying to get on the British housing ladder during the last 12 years have averaged 17 per cent of the overall property value - two per cent more than the current average - and taken an average 29 months to save for, according to research from Santander Mortgages.
Santander launches 90% LTV mortgage for first time buyers
Santander, the ‘Home of UK Mortgages' is launching a new market leading two year fixed Homebuyer product at 90 per cent LTV, with a 5.29 per cent and £495 fee - ideal for first time buyers taking that first step on to the ladder.
Over six million Brits give up on the mortgage game
With UK market conditions continuing to make it difficult for would-be home owners to get on the ladder, the average age Brits expect to be able to buy their first property is now 38 years old, according research from moneysupermarket.com.
Nationwide to reduce fixed mortgage rates by up to 0.3%
Nationwide is to reduce its two-year fixed mortgage rates for new applications by 0.3% and its three and five-year fixed mortgage rates for new applications by 0.1%.
Platform increases distribution of tracker mortgages
Platform, The Co-operative Bank's dedicated intermediary mortgage lender, has broadened the distribution of two of its tracker mortgages to its key corporate partners.
N&P increases LTV on self-build mortgages
N&P (Norwich and Peterborough Building Society) is giving a boost to those looking at buying their first home, or re-mortgaging their current home, by introducing two new mortgages at 90% loan to value (LTV). These new mortgages will be available from Thursday 19th May 2011.
Competitive five year fixed rate mortgage product unveiled
Newcastle Building Society (NBS) has expanded its mortgage range and launched a new five year fixed rate mortgage deal that is poised to be one of the best in the marketplace.
Yorkshire to reduce fees on new mortgages
Yorkshire Building Society has announced that it will cut its product fees for mortgages this week. With product fees starting at only £95 the new range will ensure that customers pay no more than £995 in product fees when taking out a new mortgage with the leading Building Society.
Newcastle fixed rate mortgage with ‘no fee’ or ‘no ERC’ options
With many experts predicting a gradual increase in the Bank of England Base Rate, those buying a home, or re-mortgaging, may be left confused about what mortgage product they should look for.
Switch to fix? Switch to anything at Coventry Intermediaries
Borrowers who may be unsure about what the future will bring can relax with Coventry's Flexx for Term range of mortgages.