Mortgages
Godiva launches new residential and buy-to-let mortgage deals
Godiva Mortgages has underlined its recent entry into the prime residential mortgage market by launching new residential and buy-to-let mortgage deals, including a market-leading 3 Year Fixed Rate for residential purchases and remortgages.
Coventry cuts mortgage rates across range
Coventry Building Society has cut rates across its range of Fixed Rate residential mortgages, which includes highly competitive deals starting from as low as 2.99%.
Gross mortgage lending by mutuals hits high
Gross mortgage lending by mutuals was £2.0 billion in July, the highest monthly figure so far this year, and 11% higher than the £1.8 billion lent in June. Mortgage approvals made in July amounted to £1.9 billion, the same as in June.
Homebuyers pay premium to live near a beach
As home movers across the country start shifting boxes in the build up to 1st September, the most popular day for moving in the UK, the Post Office Mortgages Homebuyers Report has revealed people seeking coastal locations are willing to pay the highest premium to live in their perfect place - on average an extra £20,448.
One-third of new debts do not have life cover
A report by independent financial research company Defaqto has found that almost one-third of new debts do not have life cover associated with them.
Mortgage rates cuts from Santander
From Friday 27 August 2010, borrowers will be able to benefit from further reductions to Santander's mortgage rates. In particular, two, four and five-year fixed products are reducing by up to 0.24 per cent.
Barclays launches loyalty mortgage discounts
Barclays customers can get better mortgage deals from Wednesday 1 September as the bank launches its first loyalty mortgages.
Leeds 5-year fixed rate mortgage at 3.94%
Leeds Building Society has launched a new 5-year fixed mortgage range available from a market leading 3.94%, a reduction of up to 0.65% from the previous product, enabling customers to lock in to certainty and value.
N&P launches new 3 year fixed rate mortgage
N&P (Norwich and Peterborough Building Society) is introducing a new ‘best buy' 3 year fixed rate mortgage at 75% LTV, and reducing rates on its existing 85% LTV 3 year fixed rate products - with immediate effect.
Gap between lifetime rates and long term fixed rates increases
The average fixed rate charged for lifetime mortgages has increased when compared to its nearest analogous product in the residential mortgage market: the long term fixed rate mortgage, according to analysis by Defaqto.
Northern Rock cuts mortgage application fee for purchase customers
Northern Rock is to reduce its application fee to customers looking to buy a new property. The news, which will see the reduction come into force from Monday next week (23rd August), comes just days after the lender reduced mortgage rates across its entire range.
Nationwide cuts remortgage rates
From Friday 20 August 2010, Nationwide will reduce rates by up to 0.20% on selected remortgage products.
Improved affordability proves less constraining for first-time buyers
Research from the Halifax reveals that today, monthly mortgage payments as a percentage of income are nearly half that of the level of 2007. In contrast, over half of first-time buyers say that affordability is the main reason why they have not stepped onto the property ladder.
Mortgage margins at all time high
The margin between mortgage rates and the cost of funding to lenders through the swap rate market today stands at an all time high.
Kensington enhances mortgage range
Kensington has made a number of enhancements to its residential product range. The changes compliment Kensington's existing commitment to underwriting each case on its own merit - using information from the credit bureaux - but not a credit score, and they have been introduced with immediate effect.