Mortgages
Gross mortgage lending up 5% in July
Gross mortgage lending totalled an estimated £13.6 billion in July, a 5% increase from £12.9 billion in June but down 3% from £14 billion in July 2009, according to new data from the Council of Mortgage Lenders.
Yorkshire cuts mortgages rates for those with a 15% deposit
Yorkshire Building Society has cut mortgage rates for those with a 15% deposit, offering a market-leading three-year fixed rate deal at just 4.59% with a £495 fee.
Coventry Intermediaries new mortgage range with low rates
Coventry Intermediaries have launched a leading range of first time buyer and residential mortgages through its two brands, Coventry Building Society and Godiva Mortgages Ltd.
CBS to focus on Coventry Intermediaries following merger
Coventry Building Society has announced that ITL Mortgages Ltd, the intermediary subsidiary of Stroud & Swindon Building Society, will close to new business when the two societies merge on 1st September.
HSBC extends low rate, low fee, tracker mortgage offer
HSBC has announced that due to exceptional demand for its low rate low fee lifetime tracker mortgage, the bank is extending the deal's original two week offer period to enable more people to apply for it.
Post Office cuts mortgage rates
Reflecting its ongoing ambition to be a leading player in the UK mortgage market, the Post Office has cut rates across its fixed rates, trackers, and buy to let mortgages. The rate changes will take effect immediately and coincide with the launch of a new 65% LTV deal with a direct Best Buy rate of 2.85%.
Northern Rock makes it more affordable for customers Everyday
Northern Rock has improved its Everyday mortgage range, offering lower rates which will make it easier for those looking to take their first steps onto the property ladder.
Northern Rock launches mortgage designed by intermediary partners
Northern Rock has launched a new mortgage product, designed and chosen by its intermediary partners.
Big deposit key to cheap mortgage
As we move into the 4th year of the credit crunch Ray Boulger of leading independent mortgage adviser John Charcol highlights some of the ongoing consequences for the mortgage market.
Debt charity warns of rise in repossessions
National debt charity Consumer Credit Counselling Service (CCCS) welcomes the fall in repossessions in the UK for the second quarter of 2010 that was announced today (August 12) by the Council of Mortgage Lenders.
First time buyers are seizing the moment
The first time buyer mortgage market has seen an increase in activity of late. Latest figures released by the Council of Mortgage Lenders have shown a 20% rise in approvals for first time buyer mortgages in June.
Second-charge mortgage lenders repossess 50% fewer properties
Repossessions for second-charge mortgages were halved in the second quarter of 2010, compared with Q2 2009 according to latest figures from the Finance & Leasing Association.
Buy-to-let lending remains subdued
The freezing up of the buy-to-let mortgage market that emerged as an unwelcome side-effect of the credit crunch appears to have eased a little, according to the latest buy-to-let survey results from the Council of Mortgage Lenders.
Mortgage arrears and property repossessions fall
The number of properties taken into possession by first-charge mortgage lenders continued to fall in the second quarter of 2010, according to the latest data from the Council of Mortgage Lenders.
Fixed rate mortgages popular in June
48% of new borrowers took out a fixed rate mortgage in June, the highest proportion so far in 2010, according to new data from the Council of Mortgage Lenders.