Mortgages
Christmas spending prompts sharp rise in retail instalment credit
Store instalment credit rose sharply in December as savvy consumers looked to use credit sensibly to meet specific purchase needs.
Saturday 20th February marks this year's Debt Freedom Day
Saturday 20th February marks this year's Debt Freedom Day, according to new research by Unbiased.co.uk, the professional advice website.
The fixed rate mortgage comes of age
The fixed rate mortgage market has recently 'come of age' - it's been just over 21 years since the launch of the fixed rate mortgage.
Post Office expands mortgage range and cuts rates even further
For the second time in the last month the Post Office has cut the rates on its fixed and tracker mortgage products. The rate changes will take effect immediately and will coincide with the launch of a new range of 75% loan-to-value (LTV) mortgages.
Gross mortgage lending declined in January
Gross mortgage lending declined to an estimated £9.1 billion in January, a 32% fall from £13.4 billion in December and a 21% fall from £11.5 billion in January 2009, according to the Council of Mortgage Lenders.
Mortgage brokers predict business increase
Financial advisers expect mortgage business levels to increase in the first quarter of 2010 compared to the final quarter of last year, Paragon Mortgages' Financial Adviser Confidence Tracker (FACT) Index has revealed.
Platform launches new 2 year fixed rate mortgage
Platform has launched a new two year fixed mortgage with a headline rate of 3.44 per cent and has doubled the number of intermediary partners it is available to.
Two thirds of people aiming to be mortgage free by age 50
New research by The Co-operative Bank Mortgages reveals that almost two thirds of mortgage holders (62%) are aiming to be mortgage-free by the time they reach 50 years of age.
Fixed rate mortgages exclusively for first time buyers
Yorkshire Building Society has recently launched a comprehensive range of fixed rate mortgages exclusively for first time buyers.
N&P launches new discounted variable mortgages
With immediate effect, N&P (Norwich & Peterborough Building Society) is launching a range of new 3 year discounted variable mortgage schemes. The new schemes will replace N&P's existing discount for term products.
The Mortgage Works launch new range of products
The Mortgage Works has launched a new range of mortgages, including Buy to Let products for Limited Companies, Houses in Multiple Occupation (HMO) and a range of Buy to Let tracker mortgages which allow customers to switch onto a fixed rate at any time without incurring Early Repayment Charges.
CML urges Treasury not to regulate buy-to-let
The Council of Mortgage Lenders has today responded formally to the Treasury's consultation on whether to extend the scope of mortgage regulation.
Buy to let regulation would fail, say BSA
Plans to regulate buy to let mortgages could see the Government's objectives to increase investment in the UK private rental sector fail.
Mortgages to first-time buyers hits two-year high
The number of loans to first-time buyers hit a two-year high in December 2009, driven by a rush to buy properties in the £125,000 - £175,000 bracket before the year-end stamp duty concession expired, according to figures released by the Council of Mortgage Lenders.
Not all fixed rate mortgages are decreasing
Latest Moneyfacts.co.uk figures show that while fixed mortgage rates are falling, they are only doing so for those with significant equity.