Mortgages
Barclays mortgage lending hits £100bn
As the fastest growing mortgage lender in the UK, mortgage lending at Barclays has hit the milestone of £100bn.
The Mortgage Works strengthens buy to let portfolio
The Mortgage Works (TMW) is strengthening its buy to let product offering by enhancing its existing range of mortgages as well as introducing a new set of products as it continues its commitment to expanding and increasing competitive mortgage solutions for intermediaries.
Consumer confidence sees purchases go into reverse
The latest mortgage index from John Charcol reveals that the proportion of mortgage purchases fell dramatically in September. Drew Wotherspoon, director of marketing at John Charcol, comments on this and other findings.
Lloyds TSB Scotland three year fixed rate mortgage at 3.99%
Lloyds TSB Scotland has introduced a new three year fixed rate mortgage at 3.99%. The product is available to first-time buyers, house purchasers and remortgagers whose loan to value is 70% or below, meaning the deal is available to the majority of home movers - CML statistics state that the average deposit is 33%.
HSBC cuts mortgage rates
HSBC has this week reduced the rates on all its 80 per cent LTV mortgage products in a move to further help homeowners. All the mortgage products, which require only a 20 per cent deposit, have been cut by 0.4 per cent with booking fees remaining at £399 or less.
Yorkshire’s low five-year fixed rate mortgages
Yorkshire Building Society will today top the tables with the launch of a range of new five-year fixed rate mortgages - with rates starting from just 3.89% for those with 40% equity.
New best buy mortgages from N&P
N&P (Norwich and Peterborough Building Society) is introducing two new ‘best buy' discounted mortgages - 2.95% for two years at 85% loan to value (LTV) and 3.95% for five years at 80% LTV - with immediate effect.
New mortgage rates from NatWest & RBS
From Tuesday 5 October, NatWest and RBS will launch new mortgage rates, which include a competitive fee free 2.75% remortgage deal with a 50% loan to value and £250 cash back. In addition, a telephony only mortgage up to 60% loan-to-value will also be launched.
Halifax offers customers a housewarming present
As dark nights set in and the UK collectively switches on the central heating marking the arrival of autumn, Halifax, the UK's largest mortgage lender, offers all new mortgage customers a house-warming present to help keep the winter chill from the door.
Post Office launches new tracker mortgage deals
As part of its ongoing commitment to becoming one of the UK's leading mortgage lenders, the Post Office has expanded its range further with the addition of two year trackers, fee-saver deals, and market leading two year fixed rates for buy to let.
Right-to-Buy sales fall to record low
Sales of properties under the Right-to-Buy scheme, the reason for the biggest increase in home ownership in the last 50 years, have fallen to a new record low, according to the latest research by HSBC, the UK's largest direct mortgage lender.
CML urges Government not to cut ISMI further
With a 40% cut in the rate at which borrowers receive income support to cover their mortgage payments due to come into effect today (1 October), the CML is urging the government to resist further cuts to this benefit in its forthcoming comprehensive spending review and, in particular, to maintain the 13-week qualifying period for payments.
Santander cuts mortgage rates
From Friday 1 October 2010, borrowers will be able to benefit from further reductions to Santander's mortgage rates. In particular, five-year fixed products, available to all purchasers, are reducing by up to 0.26 per cent.
The Mortgage Works enhances its product range
The Mortgage Works (TMW) is reinforcing its support for brokers and their clients by improving its Buy to Let and Residential Prime range.
Lloyds TSB three year fixed rate mortgage at 3.99%
Lloyds TSB has introduced a new three year fixed rate mortgage at 3.99%. The product is available to first-time buyers, house purchasers and remortgagers whose loan to value is 70% or below, meaning the deal is available to the majority of home movers - CML statistics state that the average deposit is 33%.