Mortgages

Santander mortgages cuts rates again

Santander has reduced rates yet again on both fixed and tracker products along with the launch of a new competitive two year fix, at 4.15 per cent and 75% LTV, for remortgage customers with a fee of just £99.

Availability of buy-to-let mortgages improves

Nearly half of mortgage brokers reported an improvement in the availability of buy-to-let mortgages during the third quarter of 2010, Paragon Mortgages research has revealed.

One in two mortgage holders do not have life cover

Nearly one in two mortgage holders in Britain (43%) do not have their mortgage contributions covered by life insurance, new research from Sainsbury's Life Insurance indicates.

Reluctant landlords return to rental market

The ‘reluctant landlord' - a phenomenon that emerged during the recession as homeowners were forced to let their property rather than sell it - has returned to the rental market, according to the Association of Residential Letting Agents (ARLA).

Mortgage lending by mutuals grows 10% in September

Gross mortgage lending by mutuals was £2.2 billion in September, which is 10% greater than the £2.0 billion lent in August, according to the Buildings Societies Association (BSA). Mortgage approvals made in September amounted to £1.9 billion, a slight increase on the £1.8 billion approved in August.

Santander launches new 60% LTV deals and reduces rates

Santander has launched two new products at 60 per cent LTV for customers looking to remortgage. The competitive products, a tracker at 2.19 per cent and a fixed at 2.99 per cent, both come with a £995 fee. The fixed rate product has a completion deadline of 31 January 2011.

Borrowers urged to look beyond headline mortgage rates

Yorkshire Building Society has a solution for those looking to sort out their finances for Christmas. Those who re-mortgage before the end of 2010 could save £1,716 over the next two years by choosing Yorkshire's new two year fixed rate mortgage at 2.89% rather than the cheapest rate on the High Street.

Northern Rock mortgage website shortlisted for second award

Northern Rock’s new interactive mortgage website has been shortlisted by the British Interactive Media Association (BIMA) for a prestigious annual award.

first direct sees its share of offset mortgages grow

According to the Council of Mortgage Lenders (CML) offset mortgages made up almost 11% of new mortgages sold in Q2 2010, versus 8.5% in 2007, perhaps due to the current low Base Rate climate, where an offset mortgage can make savings work harder.

Leeds unveils 5-year fixed rate mortgage at 3.94%

Leeds Building Society has re-launched its 5 Year Fixed Rate Mortgage at only 3.94% and increased the loan to value (LTV) from 60% to 75%. Furthermore, there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

Leeds launches 2 year discount mortgage at 2.45%

Leeds Building Society has launched a new market leading 2-year discount mortgage at only 2.45%. Furthermore, this product also allows the flexibility of 10% capital repayments each year and there is no higher lending charge.

Mortgage lending fell in September

Gross mortgage lending totalled an estimated £12 billion in September, down 1% from £12.1 billion in August and down 7% from September 2009 (£12.9 billion), according to the Council of Mortgage Lenders (CML). This is the lowest September total since 2000 (£10 billion).