Mortgages

Paradigm add Lloyds TSB Scotland Spearhead to PFA panel

Paradigm Mortgage Services, the mortgage partnership proposition, has added Lloyds TSB Scotland Spearhead Mortgages for intermediaries to the lender panel of Paradigm Financial Advisers (PFA), the network service for appointed representatives.

Paradigm warns on current and saving account-related mortgages

Paradigm Mortgage Services, the mortgage partnership proposition, has urged mortgage brokers to inform and educate their potential first-time buyer client base about current and saving account-related mortgages and whether they truly represent the most suitable option for their needs.

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 4.44% to 4.29%, available up to 70% LTV.

Santander launches 5 year fixed rate mortgage at 85%

Santander, the ‘Home of UK Mortgages' is this week launching a new market leading 5 year fixed at 85 per cent LTV with a 5.69 per cent rate - ideal for first time buyers and movers alike.

Nationwide cuts mortgage rates

Nationwide is cutting mortgage rates by up to 1% for new and existing homebuyers who have a small deposit. The Society will also reduce its product fee by £500 for those who are moving home - effectively a 50% reduction.

Savings and borrowing rates

The Bank of England has announced that the bank base-rate will remain at 0.50% - the base-rate has now been at this historic low for 26 consecutive months.

Leeds offers 2-year fixed rate mortgage at 3.79%

Leeds Building Society has reduced the interest rate on its 2 Year Fixed Rate mortgage from 3.99% to a new market leading rate of only 3.79%.

Skipton launches competitive low-deposit mortgage

Skipton Building Society is further enhancing its help for first and next-time buyers struggling to raise large deposits in order to purchase homes.

Mortgage approvals by mutuals jump 29% in March

Mutuals approved £2.1 billion worth of mortgages in March 2011, which is up 29% on the £1.7 billion approved in March 2010 and compares to £1.7 billion in February 2011.

Barclays introduces new fixed rate mortgage range

Barclays is strengthening its Woolwich range of fixed rate mortgages further following the cuts before Easter.

First-time buyers can "Save To Buy" with Nationwide

Nationwide is to launch Save to Buy - an account for first-time buyers to save regularly towards their deposit that also enables them to apply for a Nationwide mortgage with a lower deposit of 5% (95% LTV). The account will be available from 6 May 2011.