Mortgages

Three reasons to fix with Yorkshire’s great three-year deal

Borrowers looking for great value, security of payments and great service should look no further than Yorkshire Building Society's new three-year fixed rate mortgage at 3.65%.

YBS launches 2-year tracker mortgage at 75% LTV

Yorkshire Building Society has launched a new market leading two-year tracker mortgage for loans up to 75 per cent of the property's value. The mortgage tracks 1.75 per cent above base rate with a current pay rate of 2.25 per cent. The mortgage comes with a product fee of £995 and is available exclusively through moneysupermarket.com.

The Co-op and Britannia see a 31% increase in mortgage applications

Against a backdrop of some gradual signs of improvement in the housing market, The Co-operative Bank and Britannia have seen a significant increase of 31% in like for like mortgage applications in the first half of this year.

Coventry reduces rates on fixed rate mortgages

Coventry has reduced their rates on two fixed rate mortgage deals. These include a reduced rate of 3.05% previously priced at 3.15% for 2 years and 3.99% reduced to 3.75% for 3 years.

Unchanged bank rate set to continue into next year

Ray Boulger of independent mortgage adviser John Charcol comments on the news that the Monetary Policy Committee (MPC) has left Bank Rate unchanged for the 17th consecutive month and is leaving the Quantitative Easing programme unchanged at £200bn.

Nationwide cuts selected mortgage rates

From Friday 6 August 2010, Nationwide will reduce rates by up to 0.30% on selected mortgages for remortgage and house purchase customers.

Borrowers urged to check behind headline mortgage rates

New analysis by HSBC of July's best buy fixed rate mortgages shows a huge difference in early redemption charges. Based on a typical £150,000 repayment mortgage being redeemed 12 months early, this can be as high as £6090 between the cheapest and most costly lenders.

HSBC introduces low 5 year fixed rate mortgage

HSBC is launching its lowest ever longer term fixed mortgage - a five year deal at 3.95 per cent - as part of its new mortgage range available from today. The new mortgage deal is available to customers at 60 per cent LTV and has a booking fee of £599.

Mortgage brokers predict a spike in business

Financial advisers are forecasting a 7.2% quarter-on-quarter increase in mortgage business during the third quarter of 2010, Paragon Mortgages' Financial Adviser Confidence Tracker survey has revealed.

N&P launches new fixed and discounted mortgage rates

N&P (Norwich and Peterborough Building Society) is launching fixed and discounted rate products with lower rates and introducing - for the first time at N&P - a "loyalty" mortgage for customers who hold any other product.

Direct mortgage deals dominate lowest rates

Analysis of data supplied by Moneyfacts has revealed that of 96 mortgage deals which held the position of lowest rate in the market at some point over the last two years, only on six occasions could brokers actually beat the equivalent best loan offered by direct lenders.