Mortgages
Mortgage lending in February grows
Gross mortgage lending in February increased to an estimated £9.2 billion, a 6% rise from £8.7 billion in January, according to the Council of Mortgage Lenders.
Yorkshire Building Society offers its lowest ever mortgage rate
Yorkshire Building Society is now offering its lowest ever headline 2 year fixed rate mortgage at 2.99% (up to 50% LTV) with a fee of £995.
L&G exclusive 2 year fixed rates with Accord Mortgages
Legal & General Mortgage Club has launched two exclusive fixed rate mortgage products, provided by Accord Mortgages.
Is 2010 the year of the first-time buyer?
With increasing numbers of lenders now re-entering the high loan-to-value space for borrowers with smaller deposits, latest figures from unbiased.co.uk, the professional advice website, reveal 42% of enquiries for whole of market mortgage advice in February 2010 were from first time buyers looking to get their foot on the property ladder.
Britannia and The Co-operative Bank launch best buy mortgage
Following the recent launch of the market-leading two year fixed rate range, Britannia and The Co-operative Bank are again launching new best buy mortgages this week (19 March), with the arrival of a new market-leading 3-year tracker and an innovative 5-year capped rate mortgage.
Offset your mortgage as a good alternative to poor savings rates
The Retail Prices Index (RPI) measure of inflation hit 3.7 per cent in January, and when combined with a historically low base rate of 0.5 per cent, this has left consumers with very few opportunities to gain any real return on their savings.
Lloyds encourages mortgage overpayments
From today, 13th March, Lloyds Banking Group, UK mortgage lender, will launch a new scheme that will allow all customers with a variable rate mortgage to overpay their mortgages by up to 20% with no financial penalty.
Mortgage lending slumps in January
House purchase loans fell by more than three times the decline in remortgages in January, according to data released today by the Council of Mortgage Lenders.
Leeds 3-year fixed rate mortgage range from 4.25%
Leeds Building Society has launched a new highly competitive 3-year fixed rate mortgage range starting from only 4.25%. The Society is also launching new fees assisted versions for those who require help with up front costs.
Recent mortgage moves leave borrowers with a gamble to make
Commenting on the launch of HSBC's 1.99 per cent discount mortgage deal and Santander's mortgage rate cuts, Hannah-Mercedes Skenfield, mortgages channel manager at moneysupermarket.com, said; "Any cuts in rates and fees is good news for mortgage borrowers, and its great to see Santander and HSBC leading the charge by announcing changes and additions to their mortgage offerings.
Santander cuts rates on fixed rate mortgages
Santander has reduced rates by up to 0.40 per cent across its 4-year fixed rate mortgages, further enhancing its market leading offering for borrowers looking for a longer term fix.
Remortgage activity begins to recover
The main stories from the John Charcol Index for the first two months of 2010 are the beginning of a revival in the remortgage market and the stabilization of fixed rate take up, but at the very low level of around 20%.
Critical illness sales hold up despite plummeting mortgages
Defaqto's new guide to critical illness reports that despite declining mortgage sales, critical illness sales have not suffered as much as expected.
Yorkshire Building Society launches best buy tracker mortgage
Yorkshire Building Society has today cut the rate of its two-year tracker product making it the best buy tracker mortgage for people with a 15% deposit.
The Mortgage Works Guarantor products
From Tuesday 9 March 2010, The Mortgage Works (TMW) is launching a new range of Guarantor mortgage products.