Mortgages

Mortgage lending holds steady at mutuals

Gross mortgage lending by mutuals was £2.0 billion in August, which is unchanged from the £2.0 billion lent in July. Mortgage approvals made in August amounted to £1.8 billion, slightly lower than the £1.9 billion in July, according to the Building Societies Association (BSA).

Coventry launches low fixed rates with no arrangement fees

Coventry Intermediaries has launched new best buy fixed rate residential and buy to let mortgages with no arrangement fees starting from as low as 3.59%.

Paragon returns to new mortgage lending

The Paragon Group of Companies is delivering on its commitment to return to new lending and aims to expand choice and competition for professional landlords in the buy-to-let mortgage sector.

Mortgage borrowers warned to look beyond headline rates

Anyone looking for a new mortgage may be tempted by some of the attractive headline rates currently available, but moneysupermarket.com is warning borrowers to make sure they understand the full details of the deal before applying, otherwise they may end up paying far more for their mortgage than alternative deals with higher rates.

Northern Rock’s mortgage website scoops digital award

Northern Rock’s new interactive mortgage website has been commended for ‘best use of digital by sector’ by a leading magazine.

New mortgage provides welcome support for first time buyers

The Co-operative Bank and Britannia are providing a further helping hand to first time buyers with the launch of a new 2 year fixed rate mortgage, available at 90% loan to value (LTV), with an initial rate of 5.09%, and an application fee of £999. The new mortgage is available from today (Thursday 23 September).

Nationwide ‘fee-friendly’ remortgage deals

Nationwide Building Society has announced a range of measures designed to support remortgage customers. With effect from Friday 24 September, Nationwide will offer remortgage products free from product, standard valuation and standard legal fees, with a booking fee of just £99.

Santander launches four-year fixed rate for loyal movers

On Friday 24th September, existing Santander customers moving home will be able to benefit from a new market leading 4-year fixed at 4.75 per cent with a £495 booking fee, reduced by £500.

HSBC is UK’s largest direct mortgage lender

Analysis of the 2009 mortgage lending data recently released by the Council of Mortgage Lenders (CML) reveals that HSBC is the UK's largest lender of mortgages sold directly to homeowners.

Barclays cuts lowest mortgage rates

Barclays has reaffirmed its ongoing commitment to the UK mortgage market with a cut in mortgage interest rates of up to 0.34 percentage points.

Brokers still play a vital role when it comes to mortgage selection

Andrew Hagger of Moneynet.co.uk comments: The mortgage market and the amount of business being written may only be a fraction of what it was back in the heady days before the banking crisis, but that doesn't mean that the job of finding the right mortgage has got any easier.