Mortgages
Fixed rate mortgages come with an expensive premium
Fears about an increase to the base rate have led to a flurry of fixed rate mortgage deals hitting the market, but new research from uSwitch.com, the independent price comparison and switching service, reveals that consumers are facing a double whammy on mortgage set-up fees.
John Charcol - Variable rate mortgages the product of choice
Ray Boulger of leading independent mortgage adviser John Charcol comments on the outlook for mortgage rates following today's inflation and retail sales figures.
No lock-in mortgage launched from the Newcastle
A competitive mortgage product has been launched that offers borrowers the chance to leave the deal at any time without any early repayment charges (ERC).
Leeds launches new shared ownership mortgage
Leeds Building Society has launched a new shared ownership mortgage product, which has been designed to help first time buyers onto the housing ladder, with a competitive fixed rate for shared ownership of only 6.19%.
HSBC offers tracker mortgages with zero fees
From 11 April until 5 June 2011, all HSBC tracker mortgages will be available with zero fees.
Homeowners urged to regularly review their mortgage deal
Despite the Bank of England base rate remaining at 0.5% again this month, there is increasing speculation over when it will rise and worrying new research from unbiased.co.uk, the professional advice website, shows 22% of all homeowners are completely unaware of the effect this increase will have on their personal monthly mortgage repayments.
Small improvement for mortgage market in February
Mortgage lending increased slightly in February after a particularly downbeat January, according to figures from the Council of Mortgage Lenders.
Coventry extends mortgage range with cracking new deals
Coventry Building Society has added to their new mortgage range with a number of highly competitive products.
Santander launches new two year fixed remortgage
From Friday 8 April, Santander, the ‘Home of UK Mortgages' is launching a new market leading two year fixed remortgage product at 75 per cent LTV, at 3.59 per cent with a £995 fee - ideal for those homeowners keen to remortgage in advance of a possible rate hike.
Leeds offers market leading buy to let 2 year discount
Leeds Building Society has launched a market leading 2 year discount Buy to Let deal at 4.44% available up to 70% LTV. This flat fee product also allows the flexibility of 10% capital repayments each year, without penalty.
Northern Rock reduces mortgage rates
Northern Rock has reduced selected rates in its competitive Everyday Fixed rate mortgage range.
Leeds launches new 2 and 3 year fixed rate mortgage range
Leeds Building Society has launched a new 2 and 3 year fixed rate mortgage range, with 2 year rates from 3.70% and 3 year rates from 4.15%, both up to 75% LTV. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.
Offset mortgages - hit or myth?
A new survey conducted by Yorkshire Building Society has revealed some worrying statistics in relation to Offset mortgages including the fact that only 7 per cent of borrowers considered an Offset product when taking out their mortgage.
Debt charity warns of rise in mortgage arrears
National debt charity Consumer Credit Counselling Service (CCCS) has warned that many homeowners will struggle to keep the roof over their heads this year. CCCS says that budget pressures such as high inflation and wage freezes are restricting the ability of many to pay their mortgages.
Regular home saver launches to help first time buyers
Clydesdale and Yorkshire Banks have launched a new savings account to help First Time Buyers build a deposit and get a foot on the housing ladder.