Mortgages
Coventry launches new fixed rates from 4.20%
Coventry has launched a new range of fixed rate mortgage products which includes a reduced rate of 4.20% for three years previously offered at 4.25%. These low rates are available for a range of LTV's with competitively priced arrangement fees.
N&P increases LTV and reduces fixed rate
N&P (Norwich and Peterborough Building Society) has increased the loan to value (LTV) it will lend, and decreased its five year fixed rate mortgage rate.
The Co-op and Britannia cut fees on 90% mortgage range
The Co-operative Bank and Britannia are halving the fees and reducing the rates on the 90% loan to value fixed rate mortgage range.
Mortgage rates at 7-year low
The average rate on two year fixed rate mortgages has fallen to 4.52%, its lowest level since September 2003, when the average stood at 4.51%.
Woolwich cuts mortgage rates
Barclays is reducing rates on its Woolwich mortgages by up to 0.70 per cent from Wednesday 23 June, further enhancing its commitment to higher loan to value borrowing.
LV= improves Mortgage and Lifestyle Protection
Protection specialist LV= has announced improved flexibility and lower pricing for its Defaqto 5 Star rated Mortgage & Lifestyle Protection (MLP) product, developed as a superior alternative to traditional accident, sickness and unemployment cover.
Gross mortgage lending up 7% in May
Gross mortgage lending totalled an estimated £11.3 billion in May, a 7% increase from £10.5 billion in April and up 10% from £10.2 billion in May 2009, according to new data from the Council of Mortgage Lenders.
Chelsea five-year fixed rate mortgage at 3.99%
Chelsea Building Society, now part of Yorkshire Building Society, has seen the number of applications for five year fixed rate mortgages significantly increase since the start of the year.
Consumer uncertainty begins the fixed rate mortgage revival
The latest John Charcol Mortgage Index reveals that 26% of borrowers took a fixed rate in May, the highest level since October 2009. Drew Wotherspoon, Director of Marketing at John Charcol, comments on this and other findings.
Yorkshire launches new two-year fixed rate mortgages
Yorkshire Building Society has once again topped the best buy tables for two-year fixed rate mortgages. At just 2.89% fixed for two years, the Yorkshire has released it's lowest ever fixed rate product for those with a 25% deposit.
Conditions ripe for first-time buyers
As the Government announces it will help first time buyers get on the property ladder by boosting the number of new homes, new research from Santander Mortgages has found that the vast majority of potential first-time buyers would be better off buying a property than continuing to rent.
Legal & General Mortgage Club iPhone app
Legal & General Network has launched a mortgage sourcing iPhone app for its Mortgage Club members, powered by TrigoldCrystal. This is the first iPhone app to be launched just for mortgage advisers.
10 year fixed rate mortgage at 4.99% - a good deal or a fix too far?
Andrew Hagger from Moneynet.co.uk looks at the new 4.99% ten year fixed rate mortgage from Yorkshire Building Society.
Yorkshire best buy ten-year fixed rate mortgage
Yorkshire Building Society is slashing 0.30% off its ten-year fixed rate mortgage deal for people with a 25% deposit. From Friday 11th June, borrowers moving home or looking to re-mortgage can apply for the best buy deal at only 4.99% with a fee of £995.
Quest awarded Preferred Supplier status for HSBC
Quest, the major IT infrastructure supplier in the survey and mortgage valuation market, has announced it has been awarded the Preferred Supplier contract to supply web-based mortgage valuation hosted services for HSBC Bank plc, which includes First Direct.