Mortgages

Leeds launches new fixed rate, fixed fee buy to let mortgage

Leeds Building Society has launched a highly competitive 2-year fixed rate buy to let mortgage available from only 5.29%.

Santander cuts mortgage rates and launches new deals

From today (Thursday 13 May), Santander will reduce 2-year fixed rate mortgages by up to 0.14 per cent across its main range as well as for homebuyer and remortgage offers, further enhancing its market leading offering for borrowers looking for a value-for money deal.

Buy-to-let activity settles after stamp duty holiday

Buy-to-let activity in the first three months of this year settled back to former levels, following a modest upturn in house purchase by investors at the end of last year triggered by the stamp duty holiday, according to data published by the Council of Mortgage Lenders (CML).

Mortgage repossessions fall but vulnerability remains

The number of mortgages in arrears and the number of repossessions both fell in the first quarter of 2010, according to the Council of Mortgage Lenders.

Mortgage market relaxation great news for borrowers

The number of mortgages available at 85 per cent LTV is at its highest since October 2008 and the number of mortgages available at 90 per cent LTV is at its highest since December 2008, according to analysis by moneysupermarket.com.

Three minute check to cheaper mortgage payments

Yorkshire Building Society is calling on all mortgage borrowers to take its Three Minute Mortgage Check to see if they could save money on their monthly mortgage payments.

Post Office offers 90% LTV mortgage deals

From tomorrow (13 May) borrowers with only a ten per cent deposit will be able to get a mortgage with the Post Office through a range of new 90% LTV deals, including two market leading rates for the two year and five year fixed rate products.

Mortgage borrowers prefer trackers to fixed

The proportion of mortgage borrowers opting for a tracker mortgage has overtaken fixed-rate deals for the first time in a year, suggesting the borrowers believe interest rates will remain low for some time.

Independent advice key to finding the right mortgage

The recent global banking crisis has damaged borrowers' confidence in their ability to get the right mortgage for their needs, but they still have faith in the power of independent financial advice, according to research carried out on behalf of Kensington.

Quarter of available mortgages restricted to existing customers

While the number of mortgage products available has increased to 2,948 from only 1,686 in July 2009, over a quarter of the mortgages available today are restricted to the lender's existing customers, according to research from Defaqto.

The Mortgage Works increases buy to let LTV to 80%

The Mortgage Works has increased the loan to value of its core Buy to Let mortgages, where customers now have access to mortgages up to 80% LTV.

Nationwide announces new fixed and tracker mortgage deals

With effect from Tuesday 11 May 2010, Nationwide will reduce selected rates on fixed and tracker rate products across its mortgage range. The reductions range between 0.05% and 0.60%, with the average cut being 0.30%. The Society has also extended the maximum LTV to 85% on remortgage tracker deals.