Mortgages
Review your finances ahead of the Spending Review
Following on from measures announced in June's emergency budget it is widely predicted that this week's Spending Review announcement will spell out even tougher measures to cut the budget deficit. In these austere and difficult times, analysis by moneysupermarket.com shows how consumers can take matters into their own hands, and save an extra £2,982 by switching to the best deals available on their financial products.
Barclays ‘The Great Escape’ remortgage package
Barclays is helping to liberate customers from standard variable rate mortgages with a specially designed “The Great Escape” remortgage package, launching Tuesday 19th October.
NatWest & RBS cut mortgage rates
From Tuesday 19 October, NatWest and RBS will reduce mortgage rates by up to 0.50% across a range of deals up to 60% loan to value.
Buy-to-let going strong
Buy-to-let accounted for nearly one in five mortgages handled by intermediaries in the three months to the end of September, research by specialist buy-to-let lender Paragon Mortgages has found.
Parents unaware of how to help today's first-time buyers
Despite a growing reliance on the Bank of Mum and Dad, over half (53%) of parents of potential first-time buyer children (i.e. 18 to 35 year olds) are not willing to take financial advice to ascertain how best to support their children's home purchase and 38% of parents surveyed said they were unaware of any of the major four mortgage products designed to help their children take their first step into homeownership research from the UK's largest first-time buyer lender, the Halifax, reveals.
Chelsea reduce mortgage rates
Chelsea Building Society has reduced its three year fixed rate mortgage to just 3.49% - the market leading rate at 75% loan to value (LTV). More good news for those with a 25% deposit is that Chelsea is offering a free valuation for all applicants and assisted legal fees for those re-mortgaging. The product fee is just £495.
Barclays offers ‘get out of tracker deal’ service
As the innovator of lifetime trackers, accounting for 63 per cent of all Woolwich mortgage deals taken out since we launched in 2006, Barclays today is the first provider to extend the popular ‘Switch & Fix ‘ (or ‘drop lock') feature to all existing Woolwich mortgage customers who have taken out tracker deals.
Coventry Intermediaries cuts rates on new mortgage range
Coventry Intermediaries has launched an exciting new mortgage range including residential and buy to let products with no arrangement fees.
Remortgaging falls to lowest level in 10 years
Remortgaging accounted for only 25% of loans in August, the lowest proportion in over 10 years, according to the latest survey data from the Council of Mortgage Lenders.
The Mortgage Works cuts buy to let mortgage rates
With effect from today, Nationwide's Building Society's The Mortgage Works will be making selected changes to its Buy to Let product range.
Buy to let borrowers offered more options
Today there are 306 mortgages available to buy-to-let (BTL) landlords, which is just one tenth of what it was at its peak (3,648) in July 2007, but at its worst just over a year ago the number of mortgages available had fallen by 95%.
L&G Mortgage Club exclusive 2-year fixed rate from Northern Rock
Legal & General Mortgage Club has launched an exclusive two-year fixed rate mortgage at 2.89%, provided by Northern Rock.
Northern Rock cuts Everyday mortgage rates
Northern Rock has today (Friday, October 8th 2010) improved its Everyday mortgage range, offering lower rates which will make it more affordable for those looking to buy a new property or remortgage their home. The new Everyday fixed rates start from just 3.09%.
Base Rate held for longest time since WWII
The Bank of England's Monetary Policy Committee held Base Rate at 0.5 per cent today, marking 19 months of no change - the longest period the Base Rate has remained constant since World War II.
Bank rate unchanged for longest time since Second World War
Ray Boulger of leading independent mortgage adviser John Charcol comments on the news that the Monetary Policy Committee (MPC) has left Bank Rate unchanged for the 19th consecutive month and is also leaving its Quantitative Easing programme unchanged at £200bn.